Increasing deployment of Unmanned Ground Vehicles to perform ground surveillance, peacekeeping operations, urban street presence, checkpoint operations, and to improve military and police raids in urban areas are some key factors propelling market growth
Market Size – USD 2500 Million in 2020, Market Growth -
CAGR of 6.7%, Market Trends- Extensive civilian and military applications
The global Unmanned
Ground Vehicles market size was USD 2,500 Million in 2020 and is
expected to reach USD 4215.8 Million by 2028, at a CAGR of 6.7%, according to
the latest report by Reports and Data. Market revenue growth is majorly driven
by surging demand for Unmanned Ground Vehicles for military and law
enforcement, as well as increasing scope for a range of commercial
applications.
Unmanned Ground Vehicles are capable of carrying out various
intense tasks, such as during firefighting operations, public safety, and
logistics operations associated with medication delivery to patients in remote
locations and areas. Advancements in technology have expanded the use of UGVs
across many fields with more enhanced efficiency, safety, and performance
across various applications, including civilian and military.
Increasing adoption of UGVs in homeland security and ISR
operation applications, coupled with rise in R&D investments to further
advance autonomous robotic technology will foster growth of the global Unmanned
Ground Vehicles market revenue over the forecast period.
Major manufacturers
of Unmanned Ground Vehicles in the market include L3 Harris Technologies Inc.,
QinetiQ, Lockheed Martin, ICOR Technology, RE2, Autonomous Solutions, Cobham,
Northrop Grumman, QinetiQ, Cobham PLC, BAE Systems, and Nexter System, among
others.
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Some Key Findings From the Report:
- Based
on size, the small UGV segment accounted for 48.0% revenue share in 2020
and is expected to register steady growth over the forecast period. Small
Unmanned Ground Vehicles are witnessing high demand as these can be fitted
with various additional components, such as night-vision camera, grippers,
manipulators arms, motion detectors, CBRN sensors, and others.
- Based
on operation mode, the autonomous Unmanned Ground Vehicles segment is
expected to register fastest revenue growth rate of 7.3% over the forecast
period. Superior capabilities associated with these robotic systems to
substitute human soldiers and personnel in critical missions,
including for safeguarding urban streets, locating terrorists, patrolling
areas with minimum attack protection, clearing pathways of improvised explosive
devices, and others will boost revenue growth of this segment.
- On
the basis of application, the military segment accounted for 45.0% revenue
share in the UGV market in 2020 and is expected to maintain its dominance
over the forecast period. Extensive utilization of UGVs in military
applications, including for mine clearance activities, and exploration and
termination of buried landmines is driving revenue growth of this segment.
- Europe
is expected to contribute significantly to the global UGV market in terms
of revenue over the forecast period on account of surging demand for UGV
from countries in Europe, including France, Germany, and the UK.
- Major
manufacturers of Unmanned Ground Vehicles in the market include L3 Harris
Technologies Inc., QinetiQ, Lockheed Martin, ICOR Technology, RE2,
Autonomous Solutions, Cobham, Northrop Grumman, QinetiQ, Cobham PLC, BAE
Systems, and Nexter System, among others.
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Summary
For the purpose of this report, Reports and Data has
segmented the global Unmanned Ground Vehicles market on the basis of size,
operation mode, mobility, system, application, and region:
Size Outlook (Revenue, USD Billion; 2018-2028)
- Large
- Medium
- Small
Operation Mode Outlook (Revenue, USD Billion; 2018-2028)
- Autonomous
- Remotely
Operated
- Tethered
Mobility Outlook (Revenue, USD Billion; 2018-2028)
- Wheeled
- Tracked
- Legged
- Hybrid
System Outlook (Revenue, USD Billion; 2018-2028)
- Payloads
- Navigation
System
- Controller
System
- Power
System
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Commercial
- Military
- Law
Enforcement
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
Key Questions Answered In The Report
1.
What
will be the market size and growth rate in the forecast year?
2.
What
are the key factors driving the global Unmanned Ground Vehicles market?
3.
What
are the risks and challenges in front of the market?
4.
Who
are the key players in the global Unmanned Ground Vehicles market?
5.
What
are the trending factors influencing the market shares?
6.
What
are the key outcomes of Porter’s five forces model?
7.
Which
are the global opportunities for expanding the global Unmanned Ground Vehicles
market?
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Table of Contents:
- Global Unmanned Ground Vehicles
Market Overview
- Economic Impact on Industry
- Market Competition by
Manufacturers
- Production, Revenue (Value) by
Region
- Market Effect Factors Analysis
- Industrial Chain, Sourcing
Strategy and Downstream Buyers
- Supply (Production), Consumption,
Export, Import by Regions
- Production, Revenue (Value), Price
Trend by Type
- Global Unmanned Ground Vehicles
Market Forecast
- Global Unmanned Ground Vehicles
Market Analysis by Application
- Manufacturing Cost Analysis
- Marketing Strategy Analysis,
Distributors/Traders
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