Unmanned Ground Vehicle Market

The global Unmanned Ground Vehicle (UGV) market was valued at 14.6 Million USD in 2021 and will grow with a CAGR of 11.32% from 2021 to 2027, based on newly published report.

The prime objective of Unmanned Ground Vehicle Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Unmanned Ground Vehicle Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

The Unmanned Ground Vehicle (UGV) Market is a mechanical machine that moves along the surface of ground whose task is to carry or transport something, it does not carry a human being. The UGV industry provides flexible robotic platform along with providing multipurpose mobility support. The major applications of the vehicles are in the defense sector; it includes providing surveillance information, carry supplies, assists in explosive activation. Moreover, the vehicles are used in emergency services that include police and ambulance.Reduction in risk of human life and impressive vehicle combat performance drive the market. Moreover, increased demand in civilian applications, which includes homeland security and commercial purpose also fuel the growth. The cuts in defense budgets by the developed countries and the restricted battery life of the vehicles limit the market growth. However, rise in demand to increase operational efficiency and demand for autonomous control systems are some of the lucrative market opportunities for the unmanned ground vehicle market. The demand for unmanned ground vehicles is relatively high across North American and European regions while the Asian countries are rapidly incorporating unmanned ground vehicles into their industries and armed forces to maintain their edge both in global market and in geopolitics.

By Market Verdors:

Lockheed Martin

Northrop Grumman

BAE Systems

Horiba MIRA

Oshkosh Defense

Cobham

Aselsan

RE2

Autonomous Solutions

Mechatroniq Systems

By Types:

Micro UGV

Small UGV

Medium UGV

Large UGV

By Applications:

Commercial

Military

Civilian

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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