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Unmanned Ground Vehicle Market - Applications & Technology

The global Unmanned Ground Vehicle (UGV) market is valued at $1.51 billion in 2014 and is expected to display a robust growth to reach $8.26 billion by 2020 to registera CAGR of 32.72% till 2020. The market is triggered by the rise in demand for non-defense applications and the increased UGV functionality to perform complex operations. The UGV market report covers the commercial, defense, and homeland security applications. The IED disposal, mine detection and clearance, CBRNE detection operations in the defense sector, and industrial operations in the commercial sector are expected to be the areas that majorly contributetothe demand of UGVs.

North America accounts for approximately 50% of the global Unmanned Ground Vehicle Market,currently. Technological innovations increase the UGV deployment in patrolling operations, detection of intruders, or enemy force to drive the growth of the UGV market. The European region has the second highest share in the UGV market with Germany, France, and the U.K. to be the prominent markets. The UGV’s operation, maintenance, and training market will prove to be a vast scope globally over the forecast period. China and India are expected to be the potential markets from the Asia-Pacific region in future with increasing defense spending and demand for tactical UGVs. Japan is the major player in the production of robots in the entertainment industry and humanoids.

UGVs are used extensively in the commercial, defense, and homeland security sectors, globally. The commercial applications specifically in industrial operations and surveillance are expected to drive the Unmanned Ground Vehicle market. Robots are also broadly used in the hazardous operations of disaster response, reconnaissance, reconstruction, and rescue operations during crises.

iRobot, Northrop Grumman, and Qinetiq are the key players for the UGVs globally and account formore than 50% of the total market share. Companies such as Lockheed Martin, Cobham (U.S.), ST engineering (Singapore), G-Nius (Russia), and DOK-ING (U.K) are the other prominent players in the UGV market.

Related Reports:

Unmanned Ground Vehicle Market by Application (Commercial, Defense, & Homeland Security), Technology (Tethered, Tele-operated, Semi-autonomous, Fully-autonomous), Payload (Fixed, Role Specific), Type (Locomotion, Size, Weapons, Energy Source) & by Geography (North America, Europe, Asia-Pacific, the Middle East, Latin America, Africa) - Forecasts & Analysis 2014–2020

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