Russia has launched the serial production of combat robots capable of fighting on their own, Russian Defense Minister Army General Sergei Shoigu said at a lecture of the New Knowledge educational marathon.
"The serial production of combat robots has begun. What has emerged are not simply experimental, but robots that can be really shown in science-fiction films as they are capable of fighting on their own," Shoigu said, local media TASS reports.
"I cannot but also mention what is called tomorrow’s weapons. Large-scale work is underway in this area," the defense chief said.
As for the global military robots market size, it stood at US$ 13.87 billion in 2019. It is projected to grow from US$ 13.03 billion in 2020 to US$ 25.66 billion in 2027, reads the Military Robots Market Size, Share & COVID-19 Impact Analysis of the Fortune Business Insights.
Pursuant to the report, the pandemic has considerably affected the production and delivery of military robots, which, in turn, will diminish the growth of the market. Stringent government norms have disrupted the import and export of robots, resulting in delayed deliveries. The halt on operations has critically thwarted the production in manufacturing processes. The prominent companies situated in the U.S., the U.K., Germany, and France have experienced enormous loss due to the outbreak. However, companies are implementing strategies to recover the financial damage caused by the coronavirus, which, in turn, can improve the market scenario.
Europe is expected to experience a rapid growth rate during the forecast period owing to the presence of prominent manufacturers in the region. According to The World Robotics 2019, 700 service robot manufacturing companies are identified across the globe, out of which 307 companies are operating in Europe. The increasing trend for advanced robots with features such as speech and haptics-based human-machine interface, navigation and collision avoidance, motion, and task planning will further propel the growth of the market in Europe. The increasing military expenditure coupled with robust homeland security will have an excellent impact on the military robots market growth in the region, reads the analysis.
Top companies covered in the Military Robots Market report are Northrop Grumman Corporation (The U.S.), Thales Group (France), FLIR Systems, Inc. (The U.S.), Clearpath Robotics Inc. (Canada), Cobham Limited (The U.K.), QinetiQ (The U.K.), AeroVironment, Inc. (The U.S.), BAE Systems. (The U.K.), Elbit Systems Ltd. (Israel), Raytheon Technologies (The U.S.).
