Unmanned Ground Vehicles (UGV) Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Global Unmanned Ground Vehicle Market Is Expected To Reach USD 2.7 Billion By 2022 And Is Expected To Reach USD 3.6 Billion By 2030, Growing At A CAGR Of 5.7% From 2023 To 2030.
Unmanned Ground Vehicles (UGV) Market Overview:
Unmanned ground vehicles provide flexible robotic applications and support for multiple applications and mobility. The main applications of these vehicles are in the defense sector, delivering materiel, monitoring and assisting in explosive activation. It reduces the risk to human life and achieves impressive vehicle combat performance in civilian applications. These are the key market drivers for this market. In addition, unmanned ground vehicles are used in civilian applications such as nuclear power plant operations, urban research and rescue, agricultural harvesting and spraying, firefighting, and crowd control.
Unmanned Ground Vehicles (UGV) market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Unmanned Ground Vehicles (UGV) market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Segments Covered in the Global Unmanned Ground Vehicles (UGV) Market:
Market Key Players:
Lockheed Martin, Northrop Grumman, BAE Systems, General Dynamics, Irobot, Qinetiq, Cobham, Nexter Group, Dok-Ing, Oshkosh, And Others.
Unmanned Ground Vehicles (UGV) Market by Types:
- Radar, Lasers
- Articulated ARM & GPS
Unmanned Ground Vehicles (UGV) Market by Applications:
- Oil & Gas
Unmanned Ground Vehicles (UGV) Market by Regions:
The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.
North America dominated the global market in 2021 with a value of USD 1.02 billion in 2021 and is expected to hold the dominant position throughout the forecast period. The dominance of the region is attributed to the highest defense budget and rising spending on procurement of next-generation military robots for numerous applications. For example, in April 2021, the U.S. Army awarded FLIR Systems a $31.6 million contract to build the Man Transportable Robot System Increment II (MTRS Inc II). It detects, identifies, confirms and disposes of concealed explosives.
Asia Pacific is expected to witness the highest market growth throughout the forecast period. The dominance of the region is attributed to the highest defense budget and increasing spending on procurement of next-generation military robots for numerous applications. This increase is due to increased defense budgets in India and China. Moreover, rapid expansion of military power, rising political strife among neighboring countries, and rise in terrorism have led to growing demand for UGVs.
Europe also exhibits a significant growth rate over the forecast period. Its growth is attributed to increasing defense spending in countries such as the UK, Russia, Germany, France, and others. In August 2021, the Russian Ministry of Defense signed a contract for the prototype of the Shturm unmanned ground vehicle system based on the T-72 main battle tank (MBT).
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
Using UGVs in combat situations can be critical. UGVs can perform multiple tasks in combat by attaching weapon systems as payloads, such as providing medical assistance, weapons, surveillance, tracking and actual combat. The application field of UGV has a wide range and is developing rapidly. This application area holds a considerable share of the overall UGV market as it covers some of the most important military operations. Therefore, the rapid development of this application area is expected to drive the growth of the unmanned ground vehicles market.
Fully autonomous UGVs are the latest innovation in the unmanned ground vehicle market. Using AI and ML techniques, a fully autonomous UGV was developed designed to operate without any human interference. Autonomous UGVs are designed to complete any assigned task without any human assistance. Currently, these UGVs are used in applications such as intelligence, surveillance and reconnaissance (ISR) and security operations. With the advancement of advanced research, the broadening of the application field of fully automatic UGV will propel the market upward.
UGVs are used in mission critical operations such as Explosive Ordnance Disposal (EOD), Intelligence, Surveillance and Reconnaissance (ISR), where timely operation is critical. Since the entire operation is highly dependent on one UGV, these operations require an uninterrupted and reliable power source. Therefore, developing a power solution that is compact in size and highly reliable becomes a challenge.
Report Scope of Global Unmanned Ground Vehicles (UGV) Market:
CAGR of 5.7% from 2022 to 2030.
Sensors, Radar, Lasers, Camera, Articulated ARM & GPS
Agriculture, Chemical, Oil & Gas, Defense
Lockheed Martin, Northrop Grumman, BAE Systems, General Dynamics, Irobot, Qinetiq, Cobham, Nexter Group, Dok-Ing, Oshkosh
Regions and Countries Covered
2017 to 2022
2023 to 2030
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of Unmanned Ground Vehicles (UGV) market?
The Unmanned Ground Vehicles (UGV) Market is growing at a CAGR of 5.7% During Forecast Period.
What are the key types and applications of Unmanned Ground Vehicles (UGV) market?
- Sensors, Radar, Lasers, Camera, Articulated ARM & GPS
- Agriculture, Chemical, Oil & Gas, Defense
Who are the key players in Unmanned Ground Vehicles (UGV) market?
Lockheed Martin, Northrop Grumman, BAE Systems, General Dynamics, Irobot, Qinetiq, Cobham, Nexter Group, Dok-Ing, Oshkosh, And others.
Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.