Unmanned Ground Vehicles Market Size, Business Challenges and Overall Outlook
Market overview:
Unmanned Ground Vehicles (UGVs) Market is projected to reach USD 3.6 Billion by 2027 and register a CAGR of 5.7%
Unmanned ground vehicles are a powerful range of robotic systems that don’t need any manual assistance throughout the operation; therefore, they are intensively used in crucial operations and applications. They are intensively used in military applications and the industrial verticals that involve the dangerous environment and operations that cannot be carried out by humans. The varied mobility and the advent of new technologies and software are now enabling unmanned ground vehicles to perform the task efficiently while maintaining lower operational and additional costs.
Autonomous vehicles are intensively used in the agricultural sectors, especially for mechanical weeding, soil sampling, irrigation management, and significant others. The increasing adoption of technologies in the agricultural sectors and the increasing investments in the sector are propelling the overall growth of the UGV Market.
Regional analysis:
Currently, North America is expected to dominate the unmanned ground vehicles industry as the region held the highest market share since 2019 due to the increasing demand for military services. US military forces are increasingly procuring a large number of unmanned ground vehicles to enhance their security.
The key market players in the regions such as FLIR systems are making contracts with manufacturing units and receiving funding support from other organizations as well. For instance, in the year 2021, FLIR systems had received over USD 70 million for their order centaur robots that are manufactured from US armed services. North America due to the presence of leading market players and economic support, is deploying unmanned ground vehicles to transport suspicious packages across airports or the disposal area from the flight operational region. They are increasingly deployed in Kelowna international airport in British, Columbia, and Canada. Since the demand for unmanned ground vehicles is higher across the region, North America is expected to lead the UGV Market.
Key Players
QinetiQ (UK), Northrop Grumman Corporation (US), Endeavor Robotics (US), Cobham plc (UK), ICOR Technology (Canada), Aselsan AS (Turkey), Re2 Inc (US), Nexter Group (France), Lockheed Martin Corporation (US), Superdroid Robots Inc (US), iRobot Corp (US)
Market Segmentation
Military segment to register the highest CAGR: The military segment is projected to exhibit the highest CAGR during the forecast period. The rising adoption of UGVs by the armed forces of countries such as the US and China is expected to drive the growth of the segment.
Legged segment dominated the market: The legged segment dominated the market in 2019. Legged UGVs offer various benefits such as convenience, mobility, and adaptability. These features enable these UGVs to be used in critical missions.
Payloads segment expected to register the highest CAGR: The payloads segment is projected to register the highest CAGR during the forecast period as payloads assist army personnel in experiencing enhanced situational awareness and real-time information about the battlefield.
Autonomous segment dominated the market in 2019: The autonomous segment dominated the market in 2019. Autonomous UGVs assist soldiers in surveillance and reconnaissance missions, target tracking, and offer convenience. Thus, driving the growth of the segment.
Small segment dominated the market in 2019: The small segment dominated the market in 2019. These UGVs offer benefits such as compact size and durability, thus making them suitable for commercial applications such as physical security, land mowing, and household chores.
Full report @ https://www.marketresearchfuture.com/reports/unmanned-ground-vehicles-market-10120
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