The latest market evaluation report on the Unmanned Ground Vehicle market explores how the Unmanned Ground Vehicle market will continue to expand for the forecast period 2020 – 2027. The study further serves as a unique research for stakeholders, product owners, and field marketing executives looking for actionable data and unique resource on market size, share, and growth. The market intelligence report gives business evangelists an authority to review the major trends, opportunities, and challenges expected to shape the future of the industry during the estimated period. Importantly, the study not only helps spot the major vendors but also their winning strategies. The real-time data accumulated through qualitative and quantitative research technique further help business owners determine where they stand in comparison to their region, country, and product category.
The global unmanned ground vehicle market is projected to be worth USD 3,951.1 Million by 2027, according to a current analysis by Emergen Research. The unmanned ground vehicle market is observing high demand owing to its surging demand in commercial applications. Unmanned ground vehicles are deployed in several civilian applications comprising firefighting, crowd control, urban search & rescue, nuclear plant operations, and agricultural spraying & harvesting. The worldwide population is witnessing a rise of about 240,000 individuals per day and is anticipated to reach nearly 9.6 billion by the year 2050. Therefore, sufficient crop production is required to cater to the increasing food demand by the rising population. Unmanned ground vehicles play a vital role in efficiently carrying out agricultural operations and hence increased harvest. For instance, a fertilization-dispersion task may be carried out autonomously by a fueled autonomous tractor, an unmanned ground vehicle, and a similar concept can be applied to plating, as well.
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Key Highlights From The Report
In August 2019, L3Harris Technologies launched an innovative medium-sized unmanned ground vehicle for security operations in space-constrained environments and urban areas.
Small unmanned ground vehicles in the military sector aid in making combat zone safer for humans. These robotic systems have a robust ability to carry out various intense tasks, such as public safety, firefighting, and logistics operations associated with medications to patients in far-flung areas.
Increased R&D activities in the industry drive market growth. For instance, the Minitaur by Ghost Robotics is a medium-sized, lightweight, dynamic, and fast direct-drive-legged platform intended for the development of unmanned ground vehicles for commercial applications, and advanced locomotion & gait research, among others.
The market in the Asia Pacific region is projected to grow at the fastest rate in the forecast period. China, in terms of revenue, contributed to the largest military unmanned ground vehicle market share attributed to increased investment in military & defense sector.
Key participants include Northrop Grumman Corporation, L3 Harris Technologies Inc., Autonomous Solutions, ICOR Technology, Lockheed Martin Corporation, Cobham PLC, RE2 Inc., QinetiQ, BAE Systems, and Nexter System, among others.
Operation Mode Outlook (Revenue, USD Billion; 2017-2027)
Autonomous
Remotely Operated
Tethered
Mobility Outlook (Revenue, USD Billion; 2017-2027)
Wheeled
Tracked
Legged
Hybrid
System Outlook (Revenue, USD Billion; 2017-2027)
Payloads
Navigation System
Controller System
Power System
Others
Size Outlook (Revenue, USD Billion; 2017-2027)
Large
Medium
Small
Application Outlook (Revenue, USD Billion; 2017-2027)
Commercial
Military
Law Enforcement
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Unmanned Ground Vehicle Market Definition
1.2. Unmanned Ground Vehicle Market Research Scope
1.3. Unmanned Ground Vehicle Market Methodology
1.4. Unmanned Ground Vehicle Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Unmanned Ground Vehicle Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Unmanned Ground Vehicle Market Segmentation & Impact Analysis
Continued…
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