FEATURED COMPANIES
- BAE Systems
- Clearpath Robotics Inc.
- ECA Group
- General Dynamics
- Harris Corporation
- Oshkosh Corporation
Key Questions Answered in this Report:
- What are the trends in the global unmanned ground vehicle market across different regions?
- What are the major driving forces for increasing the demand for the global unmanned ground vehicle market during the forecast period 2019-2024?
- What are the major challenges inhibiting the growth of the global unmanned ground vehicle market?
- Which end-user (defense and commercial) of the global unmanned ground vehicle market dominated in 2018, and what would be the expected scenario by 2024?
- What was the revenue generated by the global unmanned ground vehicle market by mobility type in 2018, and what would be the anticipated estimates by 2024?
- What was the aggregate revenue generated by the global unmanned ground vehicle market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) in 2018, and what would be the anticipated estimates by 2024?
- Who are the key players in the global unmanned ground vehicle market, and what are the new strategies adopted by the market players to make a mark in the industry?
- What major opportunities do the unmanned ground vehicle companies foresee in the next five years?
- What is the competitive strength of the key leading players in the unmanned ground vehicle market?
Global Unmanned Ground Vehicle Market Forecast, 2019-2924
The Global Unmanned Ground Vehicle Market report projects the market to grow at a significant CAGR of 19.26% on the basis of value during the forecast period from 2019 to 2024. North America dominated the global unmanned ground vehicle market with a share of 35.23% in 2019. North America, including the major countries such as the U.S., is the most prominent region for the unmanned ground vehicle market. In North America, the U.S. acquired a major market share in 2019 due to the major deployment of countermeasures in defense in the country.
The global unmanned ground vehicle market has gained widespread importance owing to rising expenditure and modernization of defense industry. However, legal challenges surrounding the technology and challenge of navigating unmapped environment are some of the factors that are restraining the market growth.
Expert Quote
“The increasing demand for unmanned ground vehicle across different end-users is forcing the UGV manufacturer to develop the products with more advanced technologies. Moreover, the increasing demand for operational efficiency, growth in terrorist activities around the world and demand for an autonomous control system are expected to drive the market.”
Scope of the Global Unmanned Ground Vehicle Market
The market research provides detailed market information for segmentation such as mobility, mode of operation, size, system, end-users, and regions. The purpose of this market analysis is to examine the unmanned ground vehicle market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market.
Market Segmentation
The unmanned ground vehicle market is further segmented into mobility type, mode of operation, size, system, end-users, and region. The defense and security system dominated the global unmanned ground vehicle market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2024).
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that is analyzed. The report also analyzes different end-user that includes defense and security and commercial. In the mobility segment, the market is segmented into wheeled, tracked, hybrid, and legged. In the mode of operation segment, the market is segmented into teleoperated and autonomous.
The unmanned ground vehicle market is segregated by region under four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided.
Key Companies in the Global Unmanned Ground Vehicle Industry
The key market players in the global unmanned ground vehicle market include General Dynamics, Lockheed Martin Corporation, Northrop Grumman Corporation, Rheinmetall Group, Israel Aerospace Industries Ltd., ECA Group, Endeavor, Harris Corporation, Thales Group, QinetiQ Group, Clearpath Robotics, Oshkosh Corporation, RedSquared, and Seegrid.
FEATURED COMPANIES
- BAE Systems
- Clearpath Robotics Inc.
- ECA Group
- General Dynamics
- Harris Corporation
- Oshkosh Corporation
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FEATURED COMPANIES
- BAE Systems
- Clearpath Robotics Inc.
- ECA Group
- General Dynamics
- Harris Corporation
- Oshkosh Corporation
According to the market intelligence report titled "Global Unmanned Ground Vehicle Market - Analysis and Forecast 2019-2024", the unmanned ground vehicle market registered a revenue of $1.01 billion in 2018 and is projected to grow at a CAGR of 19.26% during the forecast period from 2019 to 2024. The market is expected to reach $2.86 billion by 2024.
The market is currently witnessing a high growth rate, owing to the rising expenditure and modernization of the defense industry. Furthermore, the increasing capital investment for robotics technologies, especially in the developing economies, is propelling their demand. Defense and security and commercial end-users have witnessed an increase in demand for unmanned ground vehicles due to the rising number of terrorist activities around the globe.
In addition, the acceleration in venture capital investment for robotics technologies and the introduction of Industry 4.0 across multiple sectors are some of the major factors expected to create lucrative opportunities for the global unmanned ground vehicle market in the coming five years.
According to Sudheer Uniyal, Lead Analyst, “The increasing demand for unmanned ground vehicle across different end-users is forcing the UGV manufacturers to develop products with more advanced technologies. Moreover, the increasing demand for operational efficiency, growth in terrorist activities around the world, and demand for autonomous control systems are expected to drive the market.”
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of future trends and technological developments. It also includes a competitive analysis of the leading players in the industry, including company overview, financial summary, and SWOT analysis. The overall market has been segmented into technology, applications, platforms, end-users, and region. The report also includes a comprehensive section on the regional analysis for North America, Europe, Asia-Pacific, and Rest-of-the-World.
Some of the key players in the global unmanned ground vehicle market are General Dynamics, Lockheed Martin Corporation, Northrop Grumman Corporation, Rheinmetall Group, Israel Aerospace Industries Ltd., ECA Group, Endeavor, Harris Corporation, Thales Group, QinetiQ Group, Clearpath Robotics, Oshkosh Corporation, Redsquared, and Seegrid.
Key Questions Answered in the Report:
- How much revenue was generated by the global unmanned ground vehicle in 2018, and how much is it expected to reach by 2024?
- What are the major trends, market drivers, challenges, and opportunities that are influencing the global unmanned ground vehicle market?
- What are the key strategies and developments that are being undertaken by the companies operating in the market?
- What is the patent scenario in the global unmanned ground vehicle market, as on date?
- How much revenue was generated by the segments and sub-segments of the global unmanned ground vehicle market during the forecast period from 2019 to 2024:
1. on the basis of mobility type, including wheeled, tracked, hybrid, and legged
2. on the basis of mode of operation, including teleoperated and autonomous
3. on the basis of size, including small (10-200 lbs), medium (200-500 lbs), large (500-1000 lbs), and very large (above 1000 lbs)
4. on the basis of system, including payloads, navigation, and control system, power system, and others
5. on the basis of end-user, including defense and security, and commercial
6. on the basis of region, including North America, Europe, Asia-Pacific, Rest-of-the-World (RoW)
- Which are the key players in the global unmanned ground vehicle market, and what are the new strategies adopted by them to make a mark in the industry?
- What is the competitive strength of the key leading players in the unmanned ground vehicle market?
- BAE Systems
- Clearpath Robotics Inc.
- ECA Group
- Endeavor (Now a part of FLIR system)
- General Dynamics
- Harris Corporation
- Israel Aerospace Industries Ltd.
- John Bean Technologies Corporation
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Oshkosh Corporation
- QinetiQ Group
- RedSquared (RE2) Robotics
- Seegrid Corporation
- Thales Group
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