Unmanned Ground Vehicle Market Share, Current Trends 2021 to 2030

Posted by Vedika on April 1st, 2021

The Global Unmanned Ground Vehicle Market size is estimated to be USD 2.03 billion in 2019 and is predicted to reach USD 6.33 billion by 2030 with a CAGR of 10.9% from 2020-2030.

Unmanned Ground Vehicle (UGV) is mechanical machine which moves around the ground and carry or transport materials from one place to another. It does not require any individual to operate constantly like other vehicles. It has a wide application in various sectors specifically in defense carry supplies, surveillance and other. It is also used in commercial industries for logistics movement, moreover these vehicles can also be used in the emergency such as ambulance, police and others.

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Top Companies: Armtrac Limited, DOK-ING, Cobham plc, Northrop Grumman Corporation, Horiba Mira Ltd., ICOR Technology, General Dynamics Corporation, RE2, Inc., Clearpath Robotics Inc and others.

The global unmanned ground vehicle market share is analyzed on the basis of size, mode of operation, mobility, application, system, and geography. On the basis of size, the market is segmented into small, medium, and heavy. On the basis of mode of operation, the market is divided into Tethered, Teleoperated, and Autonomous. The Autonomous segment is further divided into Semi-autonomous and Fully autonomous. On the basis of mobility, the market is divided into Wheeled, Tracked, Legged and Hybrid. On the basis of system, the market is fragmented into Payloads, Control Units, Actuators, and Others. The payloads segment is further segmented into Sensors, Radars, Lasers, Cameras, Motor Encoders, Articulated Arms, GPS Antennas, and Others. On the basis of application, the market is divided into commercial, military, law enforcement and federal law enforcement. The Commercial segmented is further segmented into Firefighting, Oil & Gas, Physical Security, Agriculture, and Domestic. The military segment is further sub segmented into Intelligence, Surveillance, and Reconnaissance (ISR), Search & Rescue, Combat Support, Transportation, Explosive Ordnance Disposal, Mine Clearance, Firefighting, and Others  Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

North America is expected to represent increased adoption of unmanned ground vehicle and anticipated to hold the major market share. Furthermore, increased awareness, increased defense budget coupled with technological advancement is further expected to promote the growth of unmanned ground vehicle market in the near future. Asia Pacific is expected to show rapid growth over the forecast period owing to the wide application, reduced risk of human life with impressive combat performance and increased demand of operation efficiency with increased demand of automation is expected to support the market growth.

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Joined: November 28th, 2020
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