Unmanned Ground Vehicle (UGV) Market Analysis, Revenue, Share, Demand, Growth Rate and Forecast to 2030

The Global Unmanned Ground Vehicle (UGV) Market size was valued at USD 2.03 billion in 2019 and is predicted to reach USD 6.33 billion by 2030 with a CAGR of 10.9% from 2020-2030.

Unmanned ground vehicle is a remotely operated vehicle used for operations where it is inconvenient, dangerous, or impossible for a human operator to be present. UGVs can also transport materials and goods from one place to another. These vehicles are majorly used for surveillance, carrying supplies in difficult places, and in emergency services. They also assist in conducting controlled explosions in mountains and mines.

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Top Companies: Armtrac Limited, DOK-ING, Cobham plc, Northrop Grumman Corporation, HORIBA MIRA Ltd., ICOR Technology, General Dynamics Corporation, RE2 Inc., Clearpath Robotics Inc., and Endeavor Robotics

Market Dynamics and Trends:

Countries around the world are investing heavily in the upgradation of their defense capabilities. UGVs are useful in various defense applications including search and rescue, combat support, and transportation of supplies among others. They not only provide better operational efficiency, but also reduces the risk of human casualty. Therefore, major military powers across the globe are allocating budgets and setting timelines for acquiring and deploying UGVs in their defense arsenal, which in turn is boosting the demand for unmanned ground vehicles.

Other factors such as reduced human efforts, advancements in technologies and military modernization are also expected to augment the market growth. However, limited battery life and low defense budget of developing economies are expected to hamper the market growth to some extent. On the other hand, increasing demand of automation and innovation is further expected to create ample opportunities for the unmanned ground vehicles market players in the coming years.

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Market Segmentations and Scope of the Study:

The global unmanned ground vehicle market share is analyzed on the basis of size, mode of locomotion, operation, application, and geography. On the basis of size, the market is segmented into small, medium, and heavy. On the basis of mode of locomotion, the market is divided into tracked, wheeled, and legged. On the basis of operation, the market is divided into teleoperated and automated. On the basis of application, the market is divided into commercial and defense. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America has been witnessing increased adoption of unmanned ground vehicle and is anticipated to hold the major market share throughout the forecast period. This is attributed to the factors such as growth in defense budget and increase in utilization of UGV’s for warfare and surveillance purposes in this region. Moreover, the U.S. is one of the largest operators as well as exporters of military unmanned systems around the world, which is also one of the major factors propelling the growth of the market in this region.

However, Asia Pacific region is expected to register substantial gains till 2030 due to rapid technological advancement and experimentation undertaken by major industry players. These players are also getting substantial support from the governments. For instance, in November 2019, Australian Defense Force (ADF) developed two fully automated armored vehicle at Majuro Training Site in conjunction with BAE systems. The demonstrated combat UGVs were an upgrade to existing M113 armored vehicle and is a part of Robotics and Autonomous Systems Strategy of the government.

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