General Dynamics Corporation, L3Harris Technologies, Inc. and Rheinmetall AG are Dominating the Global Unmanned Ground Vehicle Market in 2019

Global Unmanned Ground Vehicle Market is expected to grow with the CAGR of 13.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Global unmanned ground vehicle market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global unmanned ground vehicle market are introducing advanced unmanned ground vehicles along with smart automation robot deployed for various applications. This has helped companies to maximize the sales with enhanced product portfolio. For instance,

  • In November 2016, Roboteam introduced PROBOT V2 which is going to strengthen the capability of the army by providing Fast, lightweight and quiet. The company is going to enhance the brand image along with profit maximization which is going to generate more income for the company.

General Dynamics Corporation is the dominating player in global unmanned ground vehicle market. The other key players existing in the market are 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 and among others.

Unmanned Ground Vehicle MarketGeneral Dynamics Corporation

General Dynamics Corporation is headquartered in Virginia, U.S. and was incorporated in 1952. The company offers broad portfolio of innovative products and services in business aviation; combat vehicles, weapons systems and munitions, IT and C4ISR solutions and shipbuilding and ship repair. The company offers wide range of product categories such as Aerospace, Combat Systems, Marine Systems, Information technology, Mission System among which Combat Systems is market focused category. Company operates it business through Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems segment among which Mission Systems is market focused segment.

  • 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.

The company has a wide global presence across the globe such as North America, Europe, Asia-Pacific, Africa/Middle East, South America. Company also generates revenue from the subsidiaries such as American Overseas Marine Company, LLC (U.S.), Expro Finance Inc. (Canada), General Dynamics European Land Systems - Denmark ApS (Denmark), General Dynamics Information Technology Limited (U.K.), Vertex Antennentechnik GmbH (Germany) and among others.

L3Harris Technologies, Inc.

L3Harris Technologies, Inc. is headquartered in Florida, U.S. was founded in the year 1997. The company is an agile global aerospace and defense technology innovator providing defense and commercial technologies across air, land, sea, space and cyber domains. The company offers various solution categories such as Air Traffic Management, Antenna Products, Avionics, Broadband Communications, Electronic Warfare, Energy Solutions, Environmental Solutions, Geospatial Solutions, Integrated Battlefield Management, Intelligence, Surveillance and Reconnaissance, Night Vision, Piezoelectric Ceramics, Positioning, Navigation and Timing, Public Safety and Professional Communications, Radar, Robotics, Smallsat Solutions, Space Antennas, Space Payloads and Electronics, Space Superiority, Spaceport Operations, Strategic, Tactical and Maritime SATCOM, Tactical Communications, Undersea Systems, Universe Exploration among which robotics is focused category.

  • In June 2019, L3Harris Technologies, Inc. has been awarded with a contract worth of USD 51 million for providing leading edge tactical communications equipment with Falcon III AN/PRC-158, AN/PRC-160, AN/PRC-152A and AN/PRC-117G. The company is going to enhance its capability of its product through the recognition of this award and enhance its brand image globally.

The company has presence in The Americas, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Harris Asia-Pacific Sdn. Bhd. (Malaysia), Harris Communication Systems (Ireland) Limited (Ireland), Harris International Inc. (Nigeria), Harris S.A. (Belgium) among others.

Rheinmetall AG

Rheinmetall AG is headquartered in Düsseldorf, Germany which was established in 1889. The company main focus is on globalization, digitalization as well as disruption and transformation in various sectors and industries – especially in the field of mobility – as well as the increasing frequency and intensity of conflicts and military disputes. The company has wide product categories such as Vehicle Systems, Weapons And Ammunition, Turret Systems, Weapon Stations, Protection Systems, Air Defence, C4I Systems, Electro-optics, Simulation & Training, Unmanned Vehicles, CBRN Reconnaissance, Infantry, Future Soldier, Naval Applications, Airborne Applications, Aviation Systems, Route Clearance among others in which vehicle systems are market focused category. Company operates the business through Automotive and Defence among which Defence is focused category.

  • In September 2019, Rheinmetall AG launched world’s first unmanned ground vehicle equipped with micro combat unmanned air vehicle mission Master UGV at MSPO. The new product launch is going to enhance the productivity and generate more profit for the company helping the company to grow financially.

The company has a wide global presence in North America, Europe, Asia-Pacific, Middle East and Africa. In addition, company also generates revenue through the subsidiary such as Rheinmetall Landsysteme GmbH (Germany), Rheinmetall MAN Military Vehicles GmbH (Germany), Rheinmetall Military Vehicles GmbH (Germany), Rheinmetall Defence Nederland B.V. (Netherlands), Rheinmetall MAN Military Vehicles Australia Pty Ltd (Australia) and American Rheinmetall Vehicles, LLC (U.S.).