Unmanned Ground Vehicles (UGV) Market

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 Vehicles (UGV) Market

An unmanned ground vehicle (UGV) is a vehicle operating on the ground without the presence of a human driver. 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, cameras, lasers, radars, motor encoders, articulated arms, and GPS antennas. These vehicles are used for various applications carried out at remote and inaccessible locations. The UGV market is estimated at USD 2.7 billion in 2018 and is projected to reach USD 7.0 billion by 2025, at a CAGR of 14.81% from 2018 to 2025.

New product launches and agreements are among the key strategies adopted by the leading market players to strengthen and sustain their position in the UGV market. In October 2016, QinetiQ North America, in association with Milrem, developed Titan, a state-of-the-art modular and hybrid UGV. In May 2016, 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 UGV market include QinetiQ Group Plc (UK), Northrop Grumman (US), Lockheed Martin (US), iRobot Corp (US), and Oshkosh Corporation (US). These players have been focusing on securing contracts from government for their organic growth. Their core competencies include high investments in R&D activities.

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QinetiQ Group plc (UK) is a major player in the 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 the production of MK2: Man Transportable Robotic System (MTRS) and in January 2015, QinetiQ won a three year contract worth USD 30 million for the supply of TALON MTRS Mark 2 robots to the US Navy.

Another major player operating in this market is Northrop Grumman (US). In June 2016, the company, along with the US Navy, successfully carried out the Critical Design Review (CDR) of Advanced Explosive Ordnance Disposal Robotic System (AEODRS) program. In September 2017, Northrop launched Andros Nomad UGV, expanding its range of industry-leading capabilities in unmanned systems for remote handling and surveillance of hazardous threats.

Related Reports:

Unmanned Ground Vehicles (UGV) Market by Application (Military (ISR, EOD, Combat Support, Transportation), Commercial (Firefighting, CBRN, Physical Security, Oil & Gas)), Mobility, Size, System, Mode of Operation, and Region - Global Forecast to 2025

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Report Code
AS 2696
Published ON
Jan, 2019
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