Unmanned Ground Vehicles Market Analysis | 2023-2028

Market Insights

The unmanned ground vehicles market was estimated at USD 2.72 billion in 2022 and is likely to grow at a CAGR of 5.66% during 2023-2028 to reach USD 3.78 billion in 2028. 

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Market Dynamics

Introduction

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.

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.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Mobility Type

Based on mobility, the market is segmented into tracked, wheeled, hybrid, and legged. The tracked segment held the largest share in 2022 and 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.

By Size Type

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 arms.

By Mode of Operation Type

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

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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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s unmanned ground vehicles market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our unmanned ground vehicles market report from the industry stakeholders, we have tried to further accentuate our research scope to the unmanned ground vehicles market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

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 1000 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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

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)

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Report 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.