Market Analysis and Insights: Global Unmanned Ground Vehicle Market
Unmanned ground vehicle market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.9% in the forecast period of 2020 to 2027 and expected to reach USD 8,112.43 million by 2027. Growing demand for UGV for agricultural sector is one of the prominent factors that drive growth of the market.
Industries are offering new products for the improvement of the network connectivity of the vehicle and robotic platform which is driving the market growth. The shortage of skilled visual capabilities in unmanned ground vehicle (UGVs) is acting as a major restraint for the unmanned ground vehicle market. The growing demand from autonomous control system in the unmanned ground vehicle is providing opportunities for the unmanned ground vehicle market to expand. The requirement of uninterrupted and continuous power supply of the unmanned ground vehicle (UGVs) efficiently and effectively has posed a challenge to the unmanned ground vehicle market growth.
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This unmanned ground vehicle market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Unmanned Ground Vehicle Market Scope and Market Size
Global Unmanned ground vehicle market is segmented on the basis of application, size, system, mobility and mode of operation. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of application, the unmanned ground vehicle market is segmented into military, commercial and federal law enforcement. In 2020, military segment holds the largest market share owing to the factor such as rise in the automation of various military applications namely EOD, ISR, transportation, and combat support that are further helping the segment to dominate the unmanned ground vehicle market.
On the basis of size, the unmanned ground vehicle market is segmented into large (500 – 1,000 LBS), medium (200 - 500 LBS), very large (1,000 – 2,000 LBS), extremely large (>2,000 LBS) and small (10 - 200 LBS). In 2020, large (500 – 1,000 LBS) segment holds the largest market share owing to large unmanned ground vehicle (UGVs) which are automated or remotely controlled tank vehicles inbuilt with armoured excavator that is used as an explosive ordnance disposal for alerting in cases of any danger and is driving the growth of large size vehicle to dominate the segment.
On the basis of system, the unmanned ground vehicle market is segmented into payloads, control units, connectors, electrical, wires, actuators and mechanical. In 2020, payloads segment holds the largest market share owing to wide usage as a system component that forms a connecting medium inside the autonomous vehicle or robot to deliver high electrical flow between them.
On the basis of mobility, the unmanned ground vehicle market is segmented into tracked, wheeled, legged and others. In 2020, tracked segment dominates the market owing to factors such that the unmanned ground vehicle (UGVs) is the best-suited option for the rough and unpredictable terrains which has been increasingly used for the critical missions in defence sector.
On the basis of mode of operation, the unmanned ground vehicle market is segmented into teleoperated, autonomous and tethered. In 2020, teleoperated segment holds the largest market share owing to the rising usage of applications where the uninterrupted power supply is required in dense areas and are further helping the segment to dominate the unmanned ground vehicle market.
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Unmanned Ground Vehicle Market Country Level Analysis
Unmanned ground vehicle market is analysed and market size information is provided by country, application, size, system, mobility and mode of operation as referenced above.
The countries covered in unmanned ground vehicle market report are U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Belgium, Switzerland, Rest of Europe, China, India, Japan, South Korea, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Israel, Saudi Arabia, U.A.E., Egypt, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
The U.S. accounted largest market share for the military unmanned ground vehicle application segment as the growing demand of high advanced equipment used in farming and military along with continuous research and development in the country. China accounted largest market share of military unmanned ground vehicle application segment in Asia-Pacific owing to the growing investment in defense. However, Germany accounted largest market share in Europe for the solution for military unmanned ground vehicle application segment due to the growing advancement and technological innovation in the field of defense.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand for Small Sized Unmanned Ground Vehicles amongst the Industries
Unmanned ground vehicle market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in unmanned ground vehicle and changes in regulatory scenarios with their support for the unmanned ground vehicle market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Unmanned Ground Vehicle Market Share Analysis
Unmanned ground vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global unmanned ground vehicle market.
The major players covered in the report are
General Dynamics Corporation, L3Harris Technologies, Inc., Rheinmetall AG, Lockheed Martin Corporation., Northrop Grumman Corporation., BAE Systems, Autonomous Solutions Inc., Clearpath Robotics Inc., DOK-ING d.o.o., ICOR Technology., Leonardo S.p.A., Oshkosh Defense, LLC (A Subsidiary of Oshkosh Corporation, Inc., QinetiQ, RE2, Inc., Roboteam, SuperDroid Robots, Inc. among others. Many product developments are also initiated by the companies worldwide which are also accelerating the growth of unmanned ground vehicle market.
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