Global Unmanned Ground Vehicle Market is forecasted to grow with significant CAGR owing to factor such as growing demand of autonomous systems in defence and commercial sectors and adoption of UGVs for counter-insurgency operations.
Growing demand for demand for UGV for agricultural sector is acting as major driver for growth of unmanned ground vehicle market. Lack of advanced visual capabilities in UGVs is acting as major restraint for the market.
Unmanned ground vehicle market has shown an exceptional penetration in countries such as U.S., China, and Germany. Growing demand of smart robots to carry out combat operations to meet the demand of military and commercial sector is increasing the penetration in developed countries. In developing countries, rising usage of unmanned ground vehicles in areas affected by CBRN attacks are creating huge opportunity for the global unmanned ground vehicle market.
Unmanned Ground Vehicle Market Scenario
According to Data Bridge Market Research, the market for unmanned ground vehicle in North America region has the highest market share. Market leader is General Dynamics Corporation which accounts an estimated market share of approximately 49% in the North America region. The company has gained outstanding sales through their Aerospace, Combat Systems, Marine Systems, Information technology, Mission System product offering. The market is witnessing strong investment for the combat system development and supporting unmanned ground vehicle in the market.
For instance,
- In June 2020, General Dynamics Corporation has been awarded with two fully-electric 8×8 Multi-Utility Tactical Transport (MUTT) Unmanned Ground Vehicles (UGV) to the British Army. The business agreement is going to enhance the brand value for the company generating more profit along with new customers in its portfolio.
Trends Impacting the Market
Now the question is which other regions General Dynamics Corporation, L3Harris Technologies, Inc. and Rheinmetall AG are targeting? Data Bridge Market Research has estimated a large growth in North America unmanned ground vehicle market and the market leaders U.S. and Canada to be their next revenue pockets for 2020.
The unmanned ground vehicle market is becoming more competitive every year with companies such as General Dynamics Corporation, L3Harris Technologies, Inc. and Rheinmetall AG as they are the market leaders for unmanned ground vehicle. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the unmanned ground vehicle market.
For more analysis on the unmanned ground vehicle market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-unmanned-ground-vehicle-market
Unmanned Ground Vehicle Market Development
- In December 2020, L3Harris Technologies, Inc. introduced T7 UGV Unmanned Ground Vehicle for British Army at AUSA Defense Exhibition. The company is going to enhance its capability and generate more revenue for the company along with profit maximization.
Scope of the Unmanned Ground Vehicle Market
Global unmanned ground vehicle market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Belgium, Switzerland, Rest of Europe, China, India, Japan, South Korea, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Israel, Saudi Arabia, U.A.E., South Africa, Egypt, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
- All country based analysis of unmanned ground vehicle market is further analyzed based on further segmentation. On the basis of application, the unmanned ground vehicle market is segmented into military, commercial and federal law enforcement. On the basis of size, the unmanned ground vehicle market is segmented into large (500 – 1,000 LBS), medium (200 - 500 LBS), very large (1,000 – 2,000 LBS), extremely large (>2,000 LBS) and small (10 - 200 LBS). On the basis of system, the unmanned ground vehicle market is segmented into payloads, control units, connectors, electrical, wires, actuators and mechanical. On the basis of mobility, the unmanned ground vehicle market is segmented into tracked, wheeled, legged and others. On the basis of mode of operation, the unmanned ground vehicle market is segmented into teleoperated, autonomous and tethered.
To know more about the study https://www.databridgemarketresearch.com/reports/global-unmanned-ground-vehicle-market
Key Pointers Covered in Unmanned ground vehicle Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- COVID 19 Impact on the Market
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- General Dynamics Corporation
- L3Harris Technologies, Inc.
- Rheinmetall AG
- Lockheed Martin Corporation.
- Northrop Grumman Corporation.
- BAE Systems
- Autonomous Solutions Inc.
- Clearpath Robotics Inc.
- DOK-ING d.o.o.
- ICOR Technology.
- Leonardo S.p.A.
- Oshkosh Defense, LLC (A Subsidiary of Oshkosh Corporation, Inc. )
- QinetiQ
- RE2, Inc.
- Roboteam
- SuperDroid Robots, Inc
Above are the key players covered in the report, to know about more and exhaustive list of unmanned ground vehicle companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-unmanned-ground-vehicle-market
Research Methodology: Global Unmanned ground vehicle Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Agriculture Industrialist, Defence Personnel, Industrial Professionals among others
- Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Service Consultants and Regulatory Affairs Managers among others.
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