Unmanned Ground Vehicles Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report, the unmanned ground vehicles market is expected to be valued at USD 2,893.4 million in 2022, growing at a 5.9% CAGR from 2022 to 2028. The primary drivers of the expansion of the global unmanned ground vehicles market include the growing demand for autonomous systems for commercial applications, increasing risk of human life, and the increasing demand for civilian applications including rescue operations, and various military applications.

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Autonomous Segment to Dominate the Unmanned Ground Vehicles Market:
Based on the mode of operation, the global unmanned ground vehicles market is segmented into autonomous, teleoperated, and tethered. The autonomous segment is expected to account for a larger revenue share in the global unmanned ground vehicles market, with a value share worldwide. Demand for autonomous UGVs is increasing at a faster rate and they can be used in various applications such as different military, commercial, and law enforcement applications. With the integration of advanced technology like Artificial Intelligence (AI), Machine learning will boost the growth in this segment. Hence, the autonomous UGVs segment will drive the market worldwide.

North America Unmanned Ground Vehicles Market:
North America is expected to increase in the global unmanned ground vehicles market over the forecast period. North America is expanding as a result of the presence of global players in this region and increasing contracts for unmanned ground vehicles in military applications. Asia Specific held considerable market share during the estimated period owing to the rising investments in the defense sector from China, India, South Korea, and others. Hence, Asia Specific region is expected to grow at a significant CAGR in the upcoming years.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global unmanned ground vehicles market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The unmanned ground vehicles market is segmented based on size, mode of operation, systems, application and geography.
Based on the size, the market is segmented into the following:
• Small
• Medium
• Heavy

Based on the mode of operation, the market is segmented into the following:
• Autonomous
• Teleoperated
• Tethered

Based on the systems, the market is segmented into the following:
• Payloads
• Navigation System
• Controller System
• Power System
• Others

Based on the application, the market is segmented into the following:
• Commercial
• Military
• Law Enforcement
• Federal Law Enforcement
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the unmanned ground vehicles market report are Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corp., L3harris Technologies, HEXAGON AB, Furuno Electric, BAE Systems, Lockheed Martin, General Dynamics Corporation, and Northrop Grumman.

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