HOME Research Insight New Product Launches & Agreements were Among the key Strategies Adopted by Leading players to Catalyze their Growth in the Unmanned Ground Vehicle Market

New Product Launches & Agreements were Among the key Strategies Adopted by Leading players to Catalyze their Growth in the Unmanned Ground Vehicle Market

An unmanned ground vehicle (UGV) is a vehicle operating on the ground without the presence of a human driver. Unmanned ground vehicles (UGVs) are used for various applications carried out at remote and inaccessible places. A UGV has various sensors which enable the vehicle to perceive the environment and gather data. This environmental data is used by the vehicle or the remotely located human operator for decision making. A UGV may be equipped with additional payloads such as sensors, camera, laser, radar, motor encoder, articulated arm, and GPS antenna, among others. The UGV market is estimated to be valued at USD 1.49 Billion in 2016 and is projected to reach USD 2.63 Billion by 2021, at a CAGR of 12.14% from 2016 to 2021.

New product launches and agreements are among the key strategies adopted by the leading market players to strengthen and sustain their position in the unmanned ground vehicle (UGV) market. In October 2016, QinetiQ North America, in association with Milrem, developed Titan unmanned ground vehicle (UGV), a state-of-the-art modular and hybrid UGV. Titan was launched at the 2016 Association of the U.S. Army event. In May 2016, The Hi-Tech Robotic Systemz Ltd. (THRSL) entered into a partnership with Telerob GmbH, trading as Cobham Unmanned Systems in India. The partnership is aimed at achieving technology transfer within the two companies.

Key players in the unmanned ground vehicle (UGV) market include QinetiQ Group Plc (U.K.), Northrop Grumman (U.S.), Lockheed Martin (U.S.), iRobot Corp (U.S.), and Oshkosh Corporation (U.S.). These players have been focusing on securing contracts from government companies as the major strategy for their organic growth. Their core competencies include high investments in R&D activities.

QinetiQ group plc (U.K.) is a major player in the unmanned ground vehicle (UGV) market. The company has been focusing on enhancing the technical competence of the products offered, and also to secure contracts during the past few years. In October 2016, The Naval Surface Warfare Center of the Indian Head Explosive Ordnance Disposal Technology Division awarded a contract worth USD 10.2 million to QinetiQ North America for production of MK2: Man Transportable Robotic System (MTRS) and in January 2015, QinetiQ won a contract for the supply of TALON MTRS Mark 2 robots to the U.S. Navy. The contract is for three years and valued at up to USD 30 million.

Another major player in the unmanned ground vehicle (UGV) market is Northrop Grumman (U.S.). In June 2016, the company, along with the U.S. Navy, successfully carried out the Critical Design Review (CDR) of Advanced Explosive Ordnance Disposal Robotic System (AEODRS) program. In April 2013, Northrop launched CUTLASS unmanned ground vehicle (UGV), expanding its range of industry-leading capabilities in unmanned systems for remote handling and surveillance of hazardous threats.

Related Reports:

Unmanned Ground Vehicle (UGV) Market by Application (Defense (ISR, EOD, Crew Integration, Physical Security), Commercial (Field, Agriculture, Chemical, Oil & Gas)), Mobility, Size, Component, Modes of Operation, Payload & Region - Global Forecast to 2021

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