Automated Weapon System Market Share

Automated Weapon System Market Overview

Automated Weapon System Market size was valued at 18.14 Billion in 2022. The Automated Weapon System industry is projected to grow 28.38 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.10% during the forecast period (2022 - 2032).

Automated weapon systems such as radar, homing missiles, stationary sentry guns, and combat drones offer capabilities such as enhanced surveillance capabilities, precise target location, and real-time images of the targets. These capabilities assist security forces in providing increased safety to the citizens and keep the borders secured.

Factors such as rising territorial conflicts and geopolitical instabilities and the growing adoption of unmanned system solutions by military and defense forces are expected to drive the market growth. However, declining defense budgets of developed countries, including the US, and stringent government regulations regarding the manufacturing of border security systems might hamper the growth of the market.

Automated Weapon System Market Segmentation 

By application

The global automated weapon system market is segmented into land-based, airborne, and naval. The ground segment accounted for the largest market share in 2018. However, the airborne segment is expected to witness the highest growth during the forecast period. The growing demand for combat drones and target drones is expected to drive the growth of the segment.

Based on type

The global market has been segregated into radar-guided, homing missiles, stationary sentry guns, and combat drone. The radar-guided segment dominated the market in 2018. However, the combat drone segment is expected to grow at the highest CAGR during the forecast period. The growing adoption of combat drones by various countries such as the US and the UK for multiple applications, including border surveillance, is driving the segment growth.

By platform

The global automated weapon system market is divided into autonomous and semi-autonomous. The semi-autonomous segment accounted for a larger market share in 2018 and is expected to witness higher growth during the forecast period. The increasing interference by humans to control and monitor the weapon system is expected to drive the growth of the segment.

Based on the region

The market has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America led the market in 2018. However, the market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Rising defense expenditure of countries such as China and India and increasing territorial conflicts in the region are driving the market growth in the region.

Key Players

The key players in the global automated weapon system market are Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), BAE Systems Plc (UK), Israel Aerospace Industries Ltd (Israel), Boston Dynamics (US), Aerovironment Inc. (US), Turkish Aerospace Industries Inc. (Turkey), Saab AB (Sweden), and General Dynamics Corporation (US).

Research Methodology

The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.

In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.

In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.

Key Insights

• Market sizing, forecast, and analysis: detailed coverage of the market segment and sub-segments

• Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region

• Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

• Technology trends, regulatory landscape, and patent analysis outlook

• Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

• Regional attractiveness and related growth opportunities