Unmanned Ground Vehicles (UGV) Market

Unmanned Ground Vehicles (UGV) Market worth $4.5 billion by 2030

The report "Unmanned Ground Vehicles (UGV) Market by Mobility (Wheeled, Tracked, Hybrid, Legged), Application (Commercial, Military, Law Enforcement, Federal Law Enforcement), Size, Mode of Operation, System, and Region - Global Forecast to 2030", is estimated to be USD 2.3 billion in 2020 and is projected to reach USD 4.5 billion by 2030, at a CAGR of 7.0% from 2020 to 2030. Growth of this market can be attributed to the rise in trade of Unmanned ground vehicle, developments in the defense sector, and national security sector.

Browse 560 market data Tables and 102 Figures spread through 440 Pages and in-depth TOC on "Unmanned Ground Vehicles (UGV) Market by Mobility (Wheeled, Tracked, Hybrid, Legged), Application (Commercial, Military, Law Enforcement, Federal Law Enforcement), Size, Mode of Operation, System, and Region - Global Forecast to 2030"
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Major players in the Unmanned ground vehicle market include BAE Systems (UK), L3harris Technologies (US), Lockheed Martin Corporation (US), Flir Systems Inc., (US), Northrop Grumman Corp. (US), Qinetio (UK), and Lockheed Martin (US). Other key players in the market are Cobham PLC (UK), REC2, Inc. (US), and Autonomous Solutions Inc. (US). The report covers various industry trends and new technological innovations in the Unmanned ground vehicle market for the period, 2016-2030.

Development of new medium-sized robot ideal for security operations – L3harris Technologies

L3Harris Technologies introduced a new medium-sized robot ideal for security operations in urban and space-constrained environments, such as hazardous material (HAZMAT) cleanups, explosive ordnance disposal (EOD), and special weapons and tactics (SWAT) missions.

Payload system’s segment projected to lead the Unmanned ground vehicle market during the forecast period

Based on system, the payload segment led the Unmanned ground vehicle market during the forecast period with a share of 41.7% in 2020. The payload segment is further divided into Sensors, Lasers,Cameras, Motor Encoders, Articulated Arms, Radars, GPS Antennas, and Others.

Military segment projected to lead the Unmanned ground vehicle market by application, during the forecast period

Based on application, the military segment led the Unmanned ground vehicle market during the forecast period with a share of 47.3% in 2020. The military applications are further categorized as Explosive Ordnance Disposal, Combat Support, Mine Clearance, Intelligence, Surveillance, Reconnaissance (ISR), Search & Rescue, Transportation, Firefighting, and Others.

North America region accounts for largest market share in Unmanned ground vehicle market

North America led the Unmanned ground vehicle market in 2020, with the US accounting for the largest share of the regional market. The growing demand for Unmanned ground vehicles in the US, Canada, Mexico and the use of unmanned ground vehicles for different commercial as well as military applications are key factors driving the market in North America.

Major unmanned ground vehicles market players present in North America include L3harris Technologies (US), Lockheed Martin Corporation (US), Flir Systems Inc., (US), Northrop Grumman Corp. (US), and Lockheed Martin (US). Other key players present in North America are REC2, Inc. (US), and Autonomous Solutions Inc. (US).

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Report Code
AS 2696
PR Published ON
8/9/2020
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