Unmanned Ground Vehicles Market Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2026
The global unmanned
ground vehicles (UGV) market size is
projected to reach USD 7,452.2 million by the end of 2026. Applications in
defense sector have caught the eye of several investors from across the world.
According to a report published by Fortune Business Insights, titled “Unmanned
Ground Vehicles Market Size, Share and Global Trend by Mobility (Wheeled,
Tracked, Hybrid, and Legged) By Size (Small, Medium, Large, Very Large, and
Extremely Large) By Mode of Operation (Tethered, Tele-operated, and
Autonomous), By System (Payload, Controller System, Navigation System, Power
System, and Others) By Application (Military, Commercial, Law Enforcement, and
Federal Law Enforcement), and Regional Forecast, 2019-2026,” the market was
worth USD 2,570.2 million and will exhibit a CAGR of 14.95% during the forecast
period, 2019-2026.
Report Coverage-
We employ iterative and comprehensive research
techniques focusing on minimizing deviance. We use a combination of top-down
and bottom-up approaches for estimating and segmenting quantitative aspects of
the parents market. At the same time, data triangulation is used to look at the
market from three perspectives. Simulation models were used to gather data
about the market forecasts and estimates.
List of Companies Profiled
in Unmanned Ground Vehicles (UGV) Market Report
are:
- ASELSAN
A.S.
- Autonomous
Solutions Inc.
- BAE
Systems
- Clearpath
Robotics Inc.
- Cobham
Limited
- FLIR Systems,
Inc.
- General
Dynamics Corporation
- L3Harris
Technologies, Inc.
- Northrop
Grumman Corporation
- QinetiQ
- Oshkosh
Defense, LLC An Oshkosh Corporation Company
- Rheinmetall
AG
- Roboteam
Industry Developments:
March 2019: QinetiQ
announces that it has signed a contract with the United States Army for the
development of a new small UGV. The contract is said to be worth USD 152
million.
Unmanned ground vehicles are automobiles that do
not require a human presence inside the vehicle. These vehicles are
incorporated with modern technologies that are integrat6ed with sensors and
similar peripherals. Applications of UGVs in diverse industry verticals
including agriculture, transport, and military & defense. Technological
advancements have been pivotal to the growth of the market. Accounting to this,
several companies are looking to invest huge sums towards developing
technologically sound UGVs. The demand for these products is rising constantly,
owing to the exceptional properties that they possess. The presence of several
large scale companies across the world has opened up massive potential for the
growth of the market in the foreseeable future.
FLIR Systems Received a
$152 Million Contract from the US Army Manufacturing of 350 UGVs
The report encompasses several factors that have
contributed to the growth of the market in recent years. Owing to the
increasing applications of UGVs in diverse industry verticals, governments of
several countries across the world are looking to approach UGV manufacturers
with custom requirements. In March 2019, FLIR Systems announced that it has
bagged a contract from the US Army. The contract was worth USD 152 million and
is aimed at the development of 350 unmanned grounded vehicles. FLIR’s latest
collaboration with the US Army will not just benefit the company but will have
a direct impact on the growth of the market in the coming years.
North America to Emerge
Dominant; Presence of Several Large Scale Companies to Aid Growth
The report analyzes the ongoing unmanned
grounded vehicles market trends across North America, Latin America, Asia
Pacific, the Middle East and Africa, and Europe. Among these regions, the
market in North America is likely to account for the highest UGV market share
in the coming years. The presence of several large scale companies in several
countries across this region will aid the growth of the market. As of 2018, the
market in North America was worth USD 899.5 million and this value is likely to
increase further in the coming years. The market in Asia Pacific will also
witness a considerable growth rate in the coming years, accounting to the
growing applications of the product in the defense sector.
Browse Detailed Summary of
Research Report:
https://www.fortunebusinessinsights.com/unmanned-ground-vehicles-market-102525
About Us:
Fortune Business Insights™ delivers accurate
data and innovative corporate analysis, helping organizations of all sizes make
appropriate decisions. We tailor novel solutions for our clients, assisting
them to address various challenges distinct to their businesses. Our aim is to
empower them with holistic market intelligence, providing a granular overview
of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media
Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/unmanned-ground-vehicles-ugv-market-9896
Read Related News:
Comments
Post a Comment