Unmanned Ground Vehicles Market Analysis | 2023-2028

Unmanned Ground Vehicles Market Analysis | 2023-2028

Unmanned Ground Vehicles Market Analysis | 2023-2028
Report code - SR2027 Delivery - 2 Weeks
Unmanned Ground Vehicles Market Size, Share, Trend, Forecast, Competitive Analysis, and Gr See more...

Market Insights

The unmanned ground vehicles market is estimated to grow from US$ 2.72 Billion in 2022 to US$ 3.78 Billion by 2028 at a CAGR of 5.66% during the forecast period. 

Unmanned Ground Vehicles Market Size

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What are unmanned ground vehicles (UGVs)?

Unmanned ground vehicles (UGVs) are vehicles that do not require manual assistance for operation, and therefore, can be employed in crucial operations where the presence of a human operator would be dangerous and inconvenient.

UGVs find major applications in the defense sector for surveillance information, explosive activation, and carrying supplies. These vehicles also find use in commercial applications such as nuclear power plant operations, firefighting, agricultural harvesting & spraying, and crowd control.

Unmanned Ground Vehicles Market Report Overview

Market Size in 2022

USD 2.72 billion

Market Size in 2028

USD 3.78 billion

CAGR (2023-2028)

5.66%

Base Year of Study

2022

Trend Period

2016-2021

Forecast Period

2023-2028

Market Drivers

The unmanned ground vehicles market is driven by a host of factors, some of which are noted below:

Growing demand for autonomous systems for defense & commercial applications along with the development of smart robots to take part in combat operations.

Concerns related to bandwidth & reliability, decreasing defense budgets in developed economies, and limited battery life of vehicles.

Continuous efforts towards increasing operational efficiency combined with a growing demand for autonomous control systems.

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Key Players

The following are the major players in the unmanned ground vehicles market:

  • Northrop Grumman Corporation
  • Lockheed Martin
  • Bae Systems
  • Rheinmetall Ag
  • Qinetiq
  • General Dynamics
  • Thales Group
  • L3harris Technologies
  • Aselsan A.S.
  • Teledyne Technologies
  • Hexagon Ab
  • Israel Aerospace Industries
  • St Engineering
  • Elbit Systems
  • Eca Group
  • Mitsubishi Electric
  • Log Nex 1
  • Oshkosh Corp.

Segment Analysis

Mobility Insights

Based on mobility, the market is segmented into tracked, wheeled, hybrid, and legged. The tracked segment held the largest share in 2022 & is expected to grow at a fast pace during the forecast period, owing to the high-power output as compared to all other vehicle types. However, the wheeled segment is forecast to grow at the fastest rate in the near future due to its growing use in critical operations that involve operating on rough and unpredictable terrains.

Size Insights

Based on size, the market is segmented into small, medium, large, very large, and extremely large. Small UGVs weigh more than 10 lbs to 200 lbs but less than 200 lbs. The small-size UGVs accounted for a significant share of the market in 2022 and are expected to dominate the market demand during the forecast period. Small UGVs can be equipped with various payloads such as Chemical, Biological, Radioactive & Nuclear (CBRN) sensors, night-vision cameras, motion detectors, grippers, and manipulator's arms.

Mode of Operation Insights

Based on the mode of operation, the market is segmented into autonomous, teleoperated, and tethered. The autonomous segment is projected to grow with the fastest CAGR by 2028 due to the capability and potential to be integrated with different military and commercial applications.

Regional Insights

Based on region, North America accounted for the largest market share in 2022 and will continue to lead the market in the foreseeable future. The U.S. generated the highest revenue in the region. The sharp increase in the U.S. defense budget along with increased production contracts with UGV OEM is expected to increase demand for Unmanned Ground Vehicles in the country. Further, with significant military modernization efforts taking place in countries across the Asia Pacific region, the demand for Unmanned Ground Vehicles is expected to grow shortly.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Unmanned Ground Vehicles Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional and country level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

 

The unmanned ground vehicles market is segmented into the following categories:

By Mobility Type:

  • Wheeled
  • Tracked
  • Hybrid
  • Legged

By Size Type:

  • Small
  • Medium
  • Large
  • Very Large
  • Extremely large

By Mode of Operation Type:

  • Tethered
  • Teleoperated
  • Autonomous

By System Type:

  • Payloads
  • Controller Systems
  • Navigation Systems
  • Power Systems
  • Others

By Application Type:

  • Military
  • Law Enforcement
  • Commercial

By Region:

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Recent Developments

There have been several developments in the defense industry directed at Unmanned Ground Vehicles in recent years, which would boost the overall market. Some of them are:

In January 2022, Defense Advanced Research Projects Agency (DARPA) announced to conduct Robotic Autonomy in Complex Environments with Resiliency (RACER) off-road UGV program with the goal to develop and demonstrate the ability of autonomous platforms to travel at the speed that maintains pace with crewed vehicles in complex terrain

In September 2021, Russia’s equivalent of DARPA, the Foundation for Advanced Studies (FPI) developed the marker UGV. Marker UGV is a Russian combat robot patrolling without human assistance, navigating its way across a 100-kilometer route, and working with a swarm of drones.

Frequently Asked Questions (FAQs)

Unmanned ground vehicles (UGVs) are vehicles that do not require manual assistance for operation, and therefore, can be employed in crucial operations where the presence of a human operator would be dangerous and inconvenient. UGVs find major applications in the defense sector for surveillance information, explosive activation, and carrying supplies. These vehicles also find use in commercial applications such as nuclear power plant operations, firefighting, agricultural harvesting & spraying, and crowd control.

The unmanned ground vehicles market is expected to grow at a CAGR of 5.66% during the forecast period.

The market was valued at US$ 2.72 Billion in 2022 & is estimated to reach US$ 3.78 Billion by 2028.

The major players in the unmanned ground vehicles market are Northrop Grumman Corporation, Lockheed Martin, Bae Systems, Rheinmetall Ag, Qinetiq, General Dynamics, Thales Group, L3harris Technologies, Aselsan A.S., Teledyne Technologies, Hexagon Ab, Israel Aerospace Industries, St Engineering, Elbit Systems, Eca Group, Mitsubishi Electric, Log Nex 1, Oshkosh Corp.

Growing demand for autonomous systems for defense & commercial applications along with the development of smart robots to take part in combat operations is expected to boost the market growth. However, concerns related to bandwidth & reliability, decreasing defense budgets in developed economies, and limited battery life of vehicles are expected to hind market growth in the near future. Nonetheless, continuous efforts towards increasing operational efficiency combined with a growing demand for autonomous control systems are some of the lucrative market opportunities in the market.

The market is segmented into tracked, wheeled, hybrid, and legged. The tracked segment held the largest share in 2022 owing to the high-power output as compared to all other vehicle types.

North America held the highest demand share in 2022 and will continue to lead the market in the foreseeable future.

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