Unmanned Ground Vehicle Market 2019 Emerging Trends, Demand, Size, Share, Analysis by Some Prominent Key Players Like BAE Systems, Horiba Mira, Nexter Group, ICOR Technology, Dok-Ing D.O.O., General Dynamics Corporation, Cobham, Irobot

Global Unmanned Ground Vehicle Market is accounted for $1.59 billion in 2017 and is expected to reach $5.23 billion by 2026 growing at a CAGR of 14.1%. Some of the key factors influencing the market growth include growing demand for reduced human intervention, growing demand for UGVs in the commercial, defense sectors and unreliable warfare tactics and rising operational efficiency. However, unpredictable external conditions and continuous power supply for UGVS are restricting the market growth.

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Unmanned Ground Vehicles work on a set of sensors which are used for tracking the background as well as sometimes are used in autonomous decision making process. Moreover, UGVs also gains information about the climatic conditions and operates according to it using GPS coordinates while learning about the obstacle recognition and how to avoid them by planning a new path using the magnetic compass in order to measure the angles. It also parallely adapts to the unreliable surroundings for accomplishing the new and dangerous tasks.

Top Players:
Some of the key players in the global Unmanned Ground Vehicle market include BAE Systems, Inc., Horiba Mira, Nexter Group, ICOR Technology Inc., Dok-Ing D.O.O., General Dynamics Corporation, Cobham PLC, Irobot, Lockheed Martin Corporation, Mechatroniq Systems, Autonomous Solutions Inc., RE2 Inc., Oshkosh Corporation, Robosoft, Qinetiq Group PLC., Aselsan A.S., Northrop Grumman Corporation, Armtrac Ltd, Clearpath Robotics Inc. and G-Nius.

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Market Segmentation:
By Mode of Operation, autonomous segment has significant market share during the forecast period owing to their capability of operating without any human intervention and autonomous UGVs is the future trend &many countries are investing in the development of autonomous troops for the army. By Geography, Asia-Pacific market is probable to grow at the highest rate during the forecast period. Countries in this region, such as India and China, have augmented their defense budgets and are investing in the expansion and procurement of advanced systems for military operations.

Types Covered:
• Articulated Arm & GPS
• Lasers
• Sensors
• Camera
• Radar
• Service
• Solution

Mode of Operations Covered:
• Autonomous
• Tele- Operated
• Semi-Autonomous
• Tethered
• Automated

Security Types Covered:
• Wireless Security
• Endpoint Security
• Cloud Security
• Application Security
• Network Security
• Content Security

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