MarketsandMarkets: The unmanned ground vehicle (UGVs) market is estimated to be USD 2.7 billion in 2022 and is projected to reach USD 3.6 billion by 2027, at a CAGR of 5.7% from 2022 to 2027. The market is driven by factors such as development of new & advanced Unmanned ground vehicles which are being used in several military operations such as Mine Clearance, Search & Rescue etc, and commercial operations such as Firefighting, Autonomous Delivery, etc.
BAE Systems (UK), Thales Group (France), Lockheed Martin (US), QinetiQ (UK), and Northrop Grumman Corp. (US) are among the key global companies manufacturing unmanned ground vehicles. BAE systems focuses on providing rugged and reliable UGVs that can be used for various defense and commercial operations. BAE systems invests heavily in the Research & Development (R&D) which makes their hold on this market even stronger.
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Thales Group: It is a multinational company specializing in designing and developing electrical systems. The company offers services for the defense & security, aerospace, and transportation sectors.
Teledyne – FLIR: The company’s focus has been on the research & development of new technologies for their customers. Teledyne - FLIR is one of the prime supplier of UGVs for the US Military. The company believes in providing most advanced and wide range of UGVs for their clients.
QinetiQ: The company has earned profitability through a strong customer base and geographical presence. The company has invested in the development and procurement of new military platforms and defense systems, along with electronic systems, to enhance the capabilities of its existing individual systems and provide real-time integration of multi-function defense systems.
Northrop Grumman Corporation: The company has become one of the top suppliers of Unmanned Ground Vehicles in the US market. The company also focuses on the development of several payloads for military operations like Mine Clearance, Explosive Ordinance Disposal, Firefighting Etc.
Unmanned Ground Vehicles Market by Mobility, Application (Military, Commercial, Law Enforcement, Federal Law Enforcement), Mode of Operation, Size, System, and Region (North America, Europe, APAC, Middle East and Rest of the World) - Forecast to 2027
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