Unmanned Ground Vehicle Market Scope
Unmanned ground vehicle is defined as the land-based counterpart to remotely operate underwater vehicles as well as unmanned aerial vehicles. It is widely used in emergency services such as police, ambulance, and others. Increasing usage of UGVs to carry counter-insurgency and combat operations and rising demand for UGVs for ISR missions, growing for commercial applications which include oil and gas sector, firefighting, and agriculture are among the major benefits that have, in turn, led to the growth of the market over the forecast period. The global unmanned ground vehicle market to grow at a CAGR of 16.82% during the period 2018-2025.
The market study is being classified, by Application (Military & defense, Homeland Security and Commercial) and major geographies with country level break-up.
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global unmanned ground vehicle market can witness an upsurge in the forecast period Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Unmanned Ground Vehicle market throughout the predicted period.
QinetiQ Group Plc (United Kingdom), Lockheed Martin (United States), iRobot Corp (United States), Oshkosh Corporation (United States), Armtrac Limited (United Kingdom), Northrop Grumman Corporation (United States), DOK-ING (Russia), Cobham plc. (United Kingdom), HORIBA MIRA Ltd. (United Kingdom) and ICOR Technology (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are General Dynamics Corporation, (United States), RE2, Inc (United States), Clearpath Robotics Inc (Canada) and Endeavor Robotics (United States).
AdvanceMarketAnalytics has segmented the market of Global Unmanned Ground Vehicle market by Type, Application and Region.
On the basis of geography, the market of Unmanned Ground Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Payloads Covered, the sub-segment i.e. Cameras will boost the Unmanned Ground Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Large UGV will boost the Unmanned Ground Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Tele operated will boost the Unmanned Ground Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode Of Locomotion, the sub-segment i.e. Tracked will boost the Unmanned Ground Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On January 2017, the QinetiQ Group Plc (United Kingdom) Company has Partners with Persistent Systems in order to Integrate MPU5 Radios into Family of Unmanned Ground Robots. This partnership will help in strengthening the position of the company and On October 201, the Milrem Robotics (Estonia) and QinetiQ Group Plc (United Kingdom) has a partnership to create a breakthrough UGV which combines Milrem’s THeMIS. It is fully modular hybrid unmanned ground vehicle and it is made for military applications, with QinetiQ’s robotic control technology. This will, in turn, propel the growth of Unmanned ground vehicle market
On April 2018, the Endeavor Robotics (United States) has received more than USD 9.2 million order to deliver additional battle-proven Small Unmanned Ground Vehicles (SUGVs) to the United States. This would help in enhancing the customer base of the company., On September 2018, the Hanwha Corporation (South Korea) Company has launched Unmanned Ground Combat Vehicle development for RoKA. This strategy helped the company to expand its Product Portfolio with the launch of new technology advancement products. and On April 2013, the Northrop Grumman Corporation (United States) Company has launched CUTLASS, its latest generation unmanned ground vehicle (UGV). This would help in increasing the customer base and expansion of the company.
- Developing Smart Robots to Carry Out Combat Operations
- Growing Demand for Autonomous Systems in Defense and Commercial Sectors
- Rising Adoption of UGVS for Counter-Insurgency Operations
- Increasing Use of Robots in Areas Affected by Chemical, Biological and others
- Improving Intelligence, Surveillance, Reconnaissance, and Target Acquisition Capabilities of Defense Forces
- Development of Fully Autonomous UGVS
- Increased Defense Budgets of Different Countries for Unmanned Systems
- Requirement for Developing Sophisticated and Highly Reliable UGVS
- Lack of Advanced Visual Capabilities in UGVS
- Requirement for Continuous and Uninterrupted Power Supply in UGVS
- Hardware and Software Malfunctions
Key Target AudienceManufacturers of Unmanned Ground Vehicle, Suppliers of Unmanned Ground Vehicle, Wholesalers, Distributors and Retailers of Unmanned Ground Vehicle, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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