Published :
Report ID:
Pages :
Format :
The global unmanned ground vehicles (UGV) market size is anticipated to reach around US$ 9,300 Mn by 2027 and is anticipated to grow at a CAGR of around 15% in terms of revenue during the forecast period 2020 to 2027.
The unmanned ground vehicle (UGV) is a robotic vehicle that moves over the surface of the earth, the purpose of which is to transport or to carry anything that doesn't carry a person. The UGV provides a robotic interface and multifunctional autonomy support. In the defense sector, the main uses of vehicles provide information on tracking, holding materials, assisting in explosive activation. In fact, the engines are used for police, fire, and others in emergency services.
Market Insights
The factor that are contributing growth to the unmanned ground vehicles market is due to increasing adoption of UGV’s in defense and commercial sectors such as oil & gas, physical security, domestic and other along with rising demand of UGV’s for counter-insurgency. In addition, the growth of the market is further boosting the development of intelligent robots like UGVs for countering activities. At the other hand, the lack of advanced visual capability in UGVs could interfere with market development.
The unmanned ground vehicle has wide variety of defense applications. Such devices are known as potential military combat systems. For instance, investments in Future Combat Systems (FCS) and designs and innovations related to such technologies are the U.S. defense strategy. Different defense programs, including the Robotic Follower Advanced Technology, work with UGV devices that are able to track a resourced leading tank. In comparison, other projects, such as manually powered UGVs to support light forces and special operations missions focused on identification during military operations in urban areas, include collaborative robotic programs.
Report coverage
The market research study on “Unmanned Ground Vehicles (UGV) Market (By Type: Hybrid, Legged, Tracked, Wheeled; By Size: Small (20 to 400lb), Medium (401to 2,500 lb), Large (2,501 to 20,000 lb), Extra Large (Over 20,000 lb); By Operation: Teleoperated, Semi-Automatic, Automatic; By Component: Navigation System, Communication System, Motors/Actuators, Power System, Others; By Application: Defense, Commerical) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global unmanned ground vehicles (UGV) market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global unmanned ground vehicles (UGV) market are type, size, operation, component, application, and major geographic regions. The unmanned ground vehicles (UGV) market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The North America unmanned ground vehicle market hold the largest market share due to presence of major market players such as L3Harris, Lockheed Martin, Northrop Grumman and Textron Systems. Also, increasing significant investment in defense and technology encompassing UGV’s are the factors that drive the growth of market. For instance, in October 2019, the U.S. military approached four key industry players to develop a potential light Robotic Combat Vehicle prototype. In 2028, the army plans to acquire a number of medium and heavy-duty robot combats (RCV). Furthermore, Asia Pacific is likely to grow the market during forecast period. The emerging countries such as China and India have increased their spending towards the defense and are investing in the advanced technology for military operations. However, the factor such as advancement in manufacturing and increasing production capacities of the emerging countries is projected to drive the market.
Key Players
Industry-owned businesses are partnered and working to develop improved features of UGV to further grows their market share. For instance, in October 2019, the unmanned ground vehicle fifth generation of Textron Systems, Howe & Howe Systems and Howe & Howe jointly launched Ripsaw M5. The Ripsaw M5 is accessed in the U.S. robotic vehicle fighting (RCV) software of the army. Major players included in this report Northrop Grumman Corporation, Armtrac Limited, DOK-ING, Cobham plc., ICOR Technology, General Dynamics Corporation, HORIBA MIRA Ltd., RE2, Inc, ENDEAVOR ROBOTICS, Clearpath Robotics Inc., and others.
The global unmanned ground vehicles (UGV) market is segmented as below:
Market Segmentation
Unmanned Ground Vehicles (UGV) Market By Type
Hybrid
Legged
Tracked
Wheeled
Unmanned Ground Vehicles (UGV) Market By Size
Small (20 to 400 lb)
Medium 401 to 2,500 lb)
Large (2,501 to 20,000 lb)
Extra-large (over 20,000 lb)
Unmanned Ground Vehicles (UGV) Market By Operation
Teleoperated
Semi-Automatic
Automatic
Unmanned Ground Vehicles (UGV) Market By Component
Navigation System
Communication System
Motors/Actuators
Power system
Others
Unmanned Ground Vehicles (UGV) Market By Application
Defense
Commercial
Unmanned Ground Vehicles (UGV) Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Customer Satisfaction
Availability - we are always there when you need us
Fortune 50 Companies trust Acumen Research and Consulting
of our reports are exclusive and first in the industry
more data and analysis
reports published till date