Report

Global Unmanned Ground Vehicle Market Size Study, by Type, by Mobility, by Size, by Mode of Operation, by System, by Application and Regional Forecasts 2022-2032

  • Publish Date: Sep,2024
  • Report ID: 03-02-1943
  • Page : 200
  • Report Type : PDF (Email)
Global Unmanned Ground Vehicle (UGV) Market is valued at approximately USD 3.07 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.6% over the forecast period 2024-2032. Unmanned Ground Vehicles, functioning autonomously or via remote control, are transforming various sectors, particularly defense, where they perform tasks, such as carrying supplies, conducting surveillance, and deactivating explosives. These capabilities reduce risks to human lives and enhance operational performance, driving the demand for UGVs.

The surge in demand for autonomous systems in both defense and commercial applications is a significant driver of market growth. In the agricultural sector, UGVs are utilized for soil sampling, weed control, irrigation management, and precision spraying. In defense, they are indispensable for combat support, intelligence, surveillance, and reconnaissance missions. The versatility and advanced capabilities of UGVs are leading to increased procurement by military and commercial sectors, thus fueling market expansion. Moreover, technological advancements and increasing adoption in civilian applications present various lucrative opportunities over the forecast years. Despite the promising growth prospects, the UGV market faces challenges such as reductions in defense budgets and issues related to bandwidth and reliability.

The key regions considered for the Global Unmanned Ground Vehicle (UGV) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Unmanned Ground Vehicle (UGV) Market in terms of revenue. The market growth in the region is being attributed to factors including significant investments in defense technology and a strong focus on integrating advanced robotics within military and security operations. The United States, in particular, leads in both the development and deployment of UGVs, driven by extensive research and development initiatives and collaborations between the government and key industry players. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by increased defense spending in countries like China, India, and South Korea, as well as a growing emphasis on modernizing military capabilities. The region's focus on enhancing border security and managing regional conflicts also fuels the demand for UGVs.

Major market players included in this report are:
BAE Systems (U.K.)
Aselsan A.S. (Turkey)
Lockheed Martin Corporation (U.S.)
General Dynamics Corporation (U.S.)
L3 Harris Technology, Inc (U.S.)
Oshkosh Defense LLC (An Oshkosh Corporation Company) (U.S.)
Rheinmetall AG (Germany)
Teledyne FLIR LLC. (U.S.)
QinetiQ (U.K.)
Northrop Grumman Corporation (U.S.)
Boston Dynamics, Inc.
Clearpath Robotics, Inc.
Cleo Robotics, Inc.
Endeavor Robotics Holdings, Inc.
Roboteam, Inc.
The detailed segments and sub-segment of the market are explained below:
By Type
Combat UGV
Combat Support UGV
Reconnaissance UGV
ISR UGV
Explosive Ordnance Disposal UGV
By Mobility
Wheeled
Tracked
Hybrid
Legged
By Size
Small (10-200 lbs)
Medium (200 - 500 lbs)
Large (500 - 1000 lbs)
Very Large (1000- 2000 lbs)
Extremely Large (>2000 lbs)
By Mode of Operation
Tethered
Teleoperated
Autonomous
By System
Payload
Controller System
Navigation System
Power System
Others
By Application
Military
Commercial
Law Enforcement
Federal Law Enforcement
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.