Unmanned Ground Vehicles (UGVs) Market Size, Share, Outlook, And Global Opportun

Posted by Nita on January 17th, 2022

Market Forecast

Global Unmanned Ground Vehicles (UGVs) Market is projected to be valued at USD 8,040 Million by 2026, registering a CAGR of 14.79during the forecast period, 2020–2026.

 Factors such as increasing demand for autonomous systems in defense and commercial sectors and the advancements in UGVs systems are expected to drive the growth of the market. Additionally, increasing product launches by companies such as BAE Systems is also expected to drive the growth of the market. For example, in 2017, BAE Systems launched a single and double-tracked UGV named Ironclad that assists in performing combat, reconnaissance, and casualty evacuation roles. Moreover, the growing adoption of UGVs for commercial applications such as physical security, oil & industry, and agriculture industry is also expected to drive the growth of the segment.

However, issues related to the absence of advanced visual capabilities and the need for continuous and uninterrupted power supply in UGVs might hamper the growth of this Unmanned Ground Vehicles (UGVs) Market.


Market USP


The increasing demand for enhanced efficiency and human safety and rising territorial conflicts across the globe are expected to drive the growth market.


Growth Opportunities in the Market


Military segment to register the highest CAGR: The military segment is projected to exhibit the highest CAGR during the forecast period. The rising adoption of UGVs by the armed forces of countries such as the US and China is expected to drive the growth of the segment.


Legged segment dominated the market: The legged segment dominated the market in 2019. Legged UGVs offer various benefits such as convenience, mobility, and adaptability. These features enable these UGVs to be used in critical missions.


Payloads segment expected to register the highest CAGR: The payloads segment is projected to register the highest CAGR during the forecast period as payloads assist army personnel in experiencing enhanced situational awareness and real-time information about the battlefield.


Autonomous segment dominated the market in 2019: The autonomous segment dominated the market in 2019. Autonomous UGVs assist soldiers in surveillance and reconnaissance missions, target tracking, and offer convenience. Thus, driving the growth of the segment.


Small segment dominated the market in 2019: The small segment dominated the market in 2019. These UGVs offer benefits such as compact size and durability, thus making them suitable for commercial applications such as physical security, land mowing, and household chores.


Key Players

  • QinetiQ (UK)
  • Northrop Grumman Corporation (US)
  • Endeavor Robotics (US)
  • Cobham plc (UK)
  • ICOR Technology (Canada)
  • Aselsan A.S. (Turkey)
  • Re2, Inc. (US)
  • Nexter Group (France)
  • Lockheed Martin Corporation (US)
  • Superdroid Robots, Inc. (US)
  • iRobot Corp (US)

Other Prominent Players

  • Oshkosh Corporation (US)
  • Clearpath Robotics (Canada)
  • L3Harris Technologies, Inc. (US)
  • General Dynamics Corporation (US)
  • Roboteam (US)
  • Magforce International (France)
  • FLIR Systems, Inc. (US)
  • Boston Dynamics (US)
  • Leonardo SpA (US)
  • Autonomous Solutions, Inc. (US)
  • BAE Systems (UK)
  • ECA Group (France)
  • Rheinmetall AG (Germany)
  • ReconRobotics, Inc. (US)
  • Howe & Howe Technologies, Inc. (US)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/unmanned-ground-vehicles-market-10120


Nita

About the Author

Nita
Joined: November 14th, 2019
Articles Posted: 620

Share Your Internet Connection & Get Paid
HoneyGain is compatible for desktop computers, Android and iOS and pays you when you share your internet connection!
BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
Claim 1 FREE Stock! No Purchase Necessary!
You have a 100% chance of receiving one free stock! Click to claim and have a chance to get one share of Facebook, Visa, Microsoft and others for free!
CryptoTab Browser - Easy way for Bitcoin Mining | CryptoTab Browser
CryptoTab Browser is the world's first web browser with built-in mining features. Familiar Chrome user interface is perfectly combined with extremely fast mining speed. Mine and browse at the same time!
Coin Farm - online farm with money withdrawal
Coin Farm - online investment game with real money withdrawal. Buy birds, sell eggs for real money. Your passive income is here.
Download The App - Celsius
Buy, Earn & Borrow on the Blockchain. Celsius Network lets you buy coins, earn interest on your crypto and borrow against it.