Unmanned Ground Vehicles Market Expected to reach $3.6 billion by 2027

The report on the Unmanned ground vehicle market provides a detailed trend analysis from 2018 to 2027. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market.

MarketsandMarkets: The Unmanned ground vehicle market is estimated to be USD 2.7 billion in 2022 and is projected to reach USD 3.6 billion by 2027, at a CAGR of 5.7% from 2022 to 2027. The market is driven by various factors, such as use of advanced payloads in UGVs for several military & commercial applications, increased defense budgets of different countries for unmanned systems, and technological advancements in Unmanned ground vehicle.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72041795

Based on mobility, Wheeled UGVs segment is expected to lead the unmanned ground vehicles market in for the forecast period. Based on mobility, the wheeled vehicles segment is projected to grow from USD 1.14 billion in 2022 to USD 1.51 billion by 2027, at a CAGR of 5.8% during the forecast period.

Military application segment is estimated to grow at a highest CAGR during the forecast period
Based on application, the military application segment of unmanned ground vehicles market is projected to grow from USD 1.28 billion in 2022 to USD 1.70 billion by 2027. The growth of this segment can be attributed to the significant increase in UGV based military applications.

Autonomous segment is estimated to dominate the Unmanned ground vehicle market by mode of operation, during the forecast period

Based on the mode of operation, the autonomous UGVs segment accounted for a share of 85.4% in 2022. This segment is projected to grow from USD 2.32 billion in 2022 to USD 3.07 billion by 2027, at a CAGR of 5.7% during the forecast period.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=72041795

North America is expected to lead the unmanned ground vehicles market in 2022, with the US accounting for the largest share of the regional market. The growing demand for unmanned ground vehicles in the US and Canada and the development of new and technologically advanced payloads for a wide range of applications are key factors driving the market in North America.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.