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Unmanned Ground Vehicles (UGV) Market worth $4.5 billion by 2030

02-19-2021 06:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The report "Unmanned Ground Vehicles (UGV) Market by Mobility (Wheeled, Tracked, Hybrid, Legged), Application (Commercial, Military, Law Enforcement, Federal Law Enforcement), Size, Mode of Operation, System, and Region - Global Forecast to 2030", size is projected to grow from USD 2.3 billion in 2020 to USD 4.5 billion by 2030, at a CAGR of 7.0% from 2020 to 2030. The market is driven by various factors, such as the growing demand for autonomous systems in commercial and military sectors, increasing use of robots in areas affected by chemical, biological, radiological, and nuclear defense (CBRN) attacks.

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The unmanned ground vehicle market includes major players Lockheed Martin (US), QinetiQ (UK), Cobham (UK), Northrop Grumman (US), and RE2 (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect unmanned ground vehicle production by 7–10% globally in 2020.

Increasing demand for wheeled robots is driving the growth of Wheeled UGVs

The wheeled segment is expected to be the largest market by value. The growth of the wheeled segment of the unmanned ground vehicle market can be attributed to the growing demand for wheeled robots for applications where the terrain can be expected to be relatively even with fewer obstacles.

The small UGV segment is projected to witness a higher CAGR during the forecast period

Based on the size, the small UGV segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. These UGVs are provided with capabilities to carry out missions related to Explosive Ordnance Disposal (EOD), counter IED, Intelligence, Surveillance and Reconnaissance (ISR) missions, Toxic Industrial Chemicals (TIC), and Toxic Industrial Materials (TIM) reconnaissance missions. Small UGVs can be fit with various payloads, such as night-vision camera, Chemical, Biological, Radioactive, and Nuclear (CBRN) sensors, motion detectors, manipulator arms, and grippers.

The autonomous segment is projected to witness a higher CAGR during the forecast period

Based on the mode of operation, the autonomous segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. The autonomous mode enables self-sufficiency, and thus they can perform tasks and execute operations without any human intervention. Advanced capabilities, such as secure communications and control, autonomous path following and obstacle avoidance, automatic target tracking, and data compression in UGVs, are expected to aid the military in Reconnaissance, Surveillance and Target Acquisition (RSTA) missions.

The federal law enforcement segment is projected to witness a higher CAGR during the forecast period

Based on the application, the federal law enforcement segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. Various federal law enforcement agencies around the world such as Federal Bureau of Investigation (FBI) (US), Police of Russia (politsiya) (Russia), Ministry of Defence Police (UK), Central Bureau of Investigation (CBI) (India), and, Ministry of Public Security (China), among others are using UGVs for Intelligence, Surveillance, and Reconnaissance (ISR) and Explosive Ordnance Disposal (EOD) activities. UGVs are used extensively by these agencies for critical missions and have resulted in saving countless lives. The increasing threats from terrorist activities have made it imperative to adopt and use UGVs on a wider scale, thus resulting in the growth of the unmanned ground vehicle market during the forecast period.

The North America market is projected to contribute the largest share from 2020 to 2030

North America is projected to be the largest regional share for the unmanned ground vehicle market during the forecast period. The US is one of the largest developers, operators, and exporters of unmanned military systems, globally, and thus accounts for a large share of the North American region in the global unmanned ground vehicle market.

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North American countries are awarding several contracts to major players of the unmanned ground vehicle market for the delivery of UGVs with combat capabilities, thus driving the growth of the unmanned ground vehicle market in the region. For instance, the US has deployed several unmanned systems along the Mexican border to ensure that the gang-related violence and conflicts in Northern Mexico do not spill over to American soil. Canada has also undertaken several measures for the development of ground robotic vehicles for military functions. Major players, such as iRobot, QinetiQ, Lockheed Martin, and others, have developed unmanned systems for commercial as well as homeland security applications.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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