The new report by Expert Market Research titled, ‘Global Unmanned Ground Vehicles Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global unmanned ground vehicles market, assessing the market based on its mobility, mode of operation, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 2.5 Billion
- Forecast CAGR (2021-2026): 6%
The growth in the global unmanned ground vehicles market is induced by reduction in human life risks, and remarkable vehicle combat performance. Factors including the rise in use of robots in affected areas by radiological, biological, chemical, and nuclear (CBRN) attacks, the increasing need for autonomous systems in the defence and commercial sectors, the growing acceptance of unmanned ground vehicles for counter-insurgency operations, the evolution of smart robots to carry out combat operations, and the improvement of surveillance, intelligence, reconnaissance, and target acquisition capabilities of the defence sector are anticipated to boost the unmanned ground vehicles market.
Industry Definition and Major Segments
Unmanned Ground Vehicles refer to the mechanical machines which travel on the ground’s surface in order to carry or transport something; they do not transport people. They provide a flexible robotic platform along with multifunctional mobility support.
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Based on mobility, the market is divided into:
Based on mode of operation, the industry is segmented into:
- Tethered
- Tele-operated
- Autonomous
- Others
Based on application, the market can be categorised as:
- Military
- Commercial
- Others
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
Technological advances in UGV abilities and miniaturisation of these vehicles are anticipated to contribute to the growth of UGVs in the military over the forecasted period. The development of completely autonomous unmanned ground vehicles, as well as increased defence budgets for unmanned systems in various countries, will further enhance valuable opportunity for the expansion of the unmanned ground vehicle market. UGVs are also in high demand for commercial uses such as the oil and gas industry, agriculture, and firefighting. The systems are used in search and rescue operations in the event of a disaster. Furthermore, the need for perimeter and border defence has expanded the demand from civilian applications, resulting in increased industry growth.
Key Market Players
The major players in the market are FLIR Systems, Inc., Oshkosh Defense LLC, Northrop Grumman Corporation, BAE Systems, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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