Market overview:
Unmanned Ground Vehicles (UGVs) Market is projected to reach USD 8.04 Billion by 2027 and register a CAGR of 14.79%
Unmanned ground vehicles are a powerful range of robotic systems that don’t need any manual assistance throughout the operation; therefore, they are intensively used in crucial operations and applications. They are intensively used in military applications and the industrial verticals that involve the dangerous environment and operations that cannot be carried out by humans. The varied mobility and the advent of new technologies and software are now enabling unmanned ground vehicles to perform the task efficiently while maintaining lower operational and additional costs.
Autonomous vehicles are intensively used in the agricultural sectors, especially for mechanical weeding, soil sampling, irrigation management, and significant others. The increasing adoption of technologies in the agricultural sectors and the increasing investments in the sector are propelling the overall growth of the unmanned ground vehicles market.
Key Players
- AeroVironment Inc.
- ASELSAN AS
- Clearpath Robotics Inc.
- com Inc.
- HORIBA Ltd.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Oshkosh Corp.
- QinetiQ Group Plc
- The Boeing Co.
Segment Overview
Based On Mobility:
- Wheeled
- Tracked
- Hybrid
- Legged
Based on size:
- Small
- Medium
- Large
- Very large
- Extremely large
Based On Mode Of Operation:
- Tethered
- Tele-operated
- Autonomous
Based on The System:
- Payload
- Controller system
- Navigation system
- Power system
- Others
Based On Application:
Military
- Commercial
- Law enforcement
- Federal law enforcement
Regional analysis:
Currently, North America is expected to dominate the unmanned ground vehicles industry as the region held the highest market share since 2019 due to the increasing demand for military services. US military forces are increasingly procuring a large number of unmanned ground vehicles to enhance their security.
The key market players in the regions such as FLIR systems are making contracts with manufacturing units and receiving funding support from other organizations as well. For instance, in the year 2021, FLIR systems had received over USD 70 million for their order centaur robots that are manufactured from US armed services. North America due to the presence of leading market players and economic support, is deploying unmanned ground vehicles to transport suspicious packages across airports or the disposal area from the flight operational region. They are increasingly deployed in Kelowna international airport in British, Columbia, and Canada. Since the demand for unmanned ground vehicles is higher across the region, North America is expected to lead the unmanned ground vehicles market.
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