Unmanned Ground Vehicle Market Growth Trends Analysis | Emergen Research

4 min read

The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Unmanned Ground Vehicle market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.

The Unmanned Ground Vehicle (UGV) market size reached USD 3.10 Billion in 2021 and is expected to register a revenue CAGR of 7.1% during the forecast period to the latest analysis by Emergen Research. Increased demand for UGVs in civilian applications is one of the key factors driving market revenue growth. Civilian services include home use and rescue missions. Cleaning floors and harvesting crops are examples of home utilization. Unmanned Ground Vehicles (UGVs) are employed in rescue missions, such as in the event of a disaster.

The requirement for perimeter and border protection has raised the demand for civilian applications. In addition, autonomous UGVs are used to detect persons and analyze catastrophe damage during search and rescue operations. The environment can harm humans, such as exposure to hazardous compounds and radioactive radiation during natural disasters. Such dangerous circumstances are effectively dealt with the support of autonomous UGVs, which enable fast location of victims, rapid evaluation of losses, and prompt operations in the affected regions without risking human safety.

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Some Key Highlights from the Report

  • The wheeled segment revenue is expected to increase at a steady rate throughout the forecast period, owing to the increase in demand for wheeled mobile robots for activities where the surface is expected to be relatively even and with fewer impediments
  • Autonomous segment accounted for significant revenue share in 2021. The autonomous mode provides self-sufficiency, allowing them to conduct activities and carry out operations without the need for human interaction, and thus it is expected to drive revenue growth of the segment.
  • The small UGVs segment revenue is expected to register a steady growth rate during the forecast period. Small UGVs can be outfitted with a variety of payloads, including night-vision cameras, Chemical, Biological, Radioactive, and Nuclear (CBRN) sensors, motion detectors, manipulator arms, and grippers.

Some major companies in the market report include Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems plc, QinetiQ Ltd., RE2 Robotics Inc., Cobham PLC., Nexter System, ASI Mining LLC., Autonomous Solutions, Inc., and L3 Harris Technologies Inc.

Market Taxonomy:

Chapter 1: Methodology & Scope

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2:

Executive Summary

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends

Chapter 3:

Industry Insights

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape

Chapter 4:

Company Profile

  • Business Overview
  • Financial Data
  • Product Landscape

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Emergen Research has segmented the unmanned ground vehicle market on the basis of mobility, operation mode, system, size, application, and region:

  • Mobility Outlook (Revenue, USD Billion; 2019–2030)
    • Wheeled
    • Tracked
    • Legged
    • Hybrid
  • Operation Mode Outlook (Revenue, USD Billion; 2019–2030)
    • Autonomous
    • Tethered
    • Remotely-Operated
  • System Outlook (Revenue, USD Billion; 2019–2030)
    • Payloads
    • Navigation System
    • Controller System
    • Power System Others
  • Application Outlook (Revenue, USD Billion; 2019–2030)
    • Military
    • Commercial
    • Law Enforcement

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Geographical Segmentation:

The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Unmanned Ground Vehicle Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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