The global Unmanned Ground Vehicle (UGV) market was valued at US$ 2080.3 million in 2020 and it is expected to reach US$ 3352.5 million by the end of 2027, growing at a CAGR of 7.0% during 2021-2027.
The Unmanned Ground Vehicle (UGV) Market is a mechanical machine that moves along the surface of ground whose task is to carry or transport something, it does not carry a human being. The UGV industry provides flexible robotic platform along with providing multipurpose mobility support. The major applications of the vehicles are in the defense sector; it includes providing surveillance information, carry supplies, assists in explosive activation. Moreover, the vehicles are used in emergency services that include police and ambulance.
Reduction in risk of human life and impressive vehicle combat performance drive the market. Moreover, increased demand in civilian applications, which includes homeland security and commercial purpose also fuel the growth. The cuts in defense budgets by the developed countries and the restricted battery life of the vehicles limit the market growth. However, rise in demand to increase operational efficiency and demand for autonomous control systems are some of the lucrative market opportunities for the unmanned ground vehicle market.
Global Unmanned Ground Vehicle (UGV) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Unmanned Ground Vehicle (UGV) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Lockheed Martin, Northrop Grumman, BAE Systems, Horiba MIRA, Oshkosh Defense, Cobham, Aselsan, RE2, Autonomous Solutions, Mechatroniq Systems and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-unmanned-ground-vehicle-ugv-market-outlook
Segment by Type
- Micro UGV
- Small UGV
- Medium UGV
- Large UGV
Segment by Application
- Commercial
- Military
- Civilian
Table of Content:
1 Unmanned Ground Vehicle (UGV) Market Overview
2 Unmanned Ground Vehicle (UGV) Market Competition by Manufacturers
3 Unmanned Ground Vehicle (UGV) Retrospective Market Scenario by Region
4 Global Unmanned Ground Vehicle (UGV) Historic Market Analysis by Type
5 Global Unmanned Ground Vehicle (UGV) Historic Market Analysis by Application
6 Key Companies Profiled
7 Unmanned Ground Vehicle (UGV) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Unmanned Ground Vehicle (UGV) Market Dynamics
10 Global Unmanned Ground Vehicle (UGV) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.