The global demand for Automated Weapon System Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
An automated weapon system (AWS) is a military robot specially designed to confront opponents without requiring any human intervention. This terminal device uses computer algorithms and sensors to identify potential enemy targets and uses a weapon system onboard to destroy them. It needs no manual control and can function independently. It is capable of inspecting the surroundings and attacking the targets on its own. Automated weapon systems like stationary sentry guns, radar, combat drones, and homing missiles offer improved surveillance capacity, accurate target location, and real-time target images. Such automated weapons enable security forces to keep civilians safe and secure the borders.
Market Dynamics
Major factors driving automated weapon system market growth are increasing geopolitical instability, external and internal security threats, and increasing adoption of unmanned weapon systems. Other factors like the aging military fleet, the need to manufacture technologically advanced warfare solutions, and strategic alliance among global armed forces to address the need for modernization of defense systems are expected to boost the AWS market significantly. However, factors like installation and operational issues with AWS, strict government rules related to security system manufacturing, reduction in the annual defense budget by some developing countries, economic slowdown, and supply chain disruption caused by the Covid-19 pandemic may hinder the growth of automated weapon system market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automated weapon system. The growth and trends of automated weapon system industry provide a holistic approach to this study.
Market Segmentation
This section of the automated weapon system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Radar-guided
- Homing Missiles
- Stationary Sentry Guns
- Combat Drone
By Application
- Airborne
- Naval
- Ground Based
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automated Weapon System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automated Weapon System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automated weapon system market include BAE Systems, Northrop Grumman, Lockheed Martin Corporation, Israel Aerospace Industries, Boston Dynamics, Aerovironment, General Dynamics Corporation, Saab AB, Thales Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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