As per this study, the Global Unmanned Ground Vehicles (UGVs) Market was valued USD 3.92 BN (by revenue) in 2022 and is anticipated to reach USD 8.28 BN by 2030 with a CAGR of 9.8%.
Unmanned ground vehicles (UGVs) are teleoperated or automated vehicles that operates without on board human presence, while in contact with the ground. UGVs can be operated in such battlefields where the presence of a human can be vulnerable or dangerous. UGVs are well equipped with sensors and equipment for environmental observations and sending information to operators. UGVs are primarily developed for defense use especially for counter-insurgency operations, and also used for commercial purposes to perform a variety of activities.
Market Dynamics
The increasing demand for UGVs in defense and commercial sectors along with increasing adoption of UGVs for counter-insurgency operations is fueling the market growth of unmanned ground vehicles market. In addition to this, increasing manufacturing of smart robots like UGVs in order to carry out combat operations is again boosting the market growth. On the flip side, the lack of advanced visual capabilities in UGVs may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of unmanned ground vehicles (UGVs).
Market Segmentation
The broad unmanned ground vehicles (UGVs) market has been sub-grouped into size, mode of locomotion, operation, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Operation
- Teleoperated
- Autonomous
- Tethered
By Mobility
- Wheels
- Tracks
- Legs
- Hybrid
By Size
- Small
- Medium
- Large
- Very Large
By System
- Payloads
- Navigation And Control System
- Power System
- Others
By Application
- Commercial (Agriculture, Manufacturing, Mining, Supply Chain, Others)
- Military (Explosive Ordinance Disposal, Equipment Carrying, Forward Reconnaissance, Mobile Weapon Platform, Combat, Surveillance And Reconnaissance, Others)
- Government & Law Enforcement (Urban Search And Rescue, Fire Fighting, Nuclear Response, Crowd Control, Others)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for unmanned ground vehicles (UGVs) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Unmanned Ground Vehicles (UGVs) Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the unmanned ground vehicles (UGVs) market includes Lockheed Martin Corporation, Northrop Grumman Systems Corporation, BAE Systems plc, Rheinmetall AG, Raytheon Technologies Corporation, QinetiQ Group Plc, L3Harris Technologies, Inc., General Dynamics Corporation, Hexagon AB, Oshkosh Defense LLC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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