November 18, 2020
According to the recent research report titled ‘Unmanned Ground Vehicles (UGV) Market Size By Commutation Type (Tracked, Wheeled, Legged, Hybrid), By Application (Defense [Search and Rescue (SAR), Special Mission, Combat Support, Explosive Ordnance Disposal (EOD) System], Commercial [Fire Fighting, Oil & Gas, Agriculture]), By Size (Small, Medium, Large, Extra Large), By Operation (Teleoperated, Semi-automatic, Automatic) By Component (Navigation System, Communication System, Motors/Actuators, Power Systems) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global unmanned ground vehicles market is expected to accrue notable returns through 2026.
Rapid industrialization, formulation of several government bodies for UGV acquisition, incorporation of centralized ground control system, growing share of defense budget allocation in R&D of UGV, and rising focus towards decreasing risks of army personnel are the key factors driving the growth of global unmanned ground vehicles market.
Based on communication type, wheeled UGV segment is slated to grow substantially over the assessment period owing to surging demand across commercial applications. Meanwhile, hybrid UGV segment is gaining popularity, on account of their capability to operate across various surfaces.
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Speaking of application segment, global unmanned ground vehicles market from search & rescue (SAR) segment is anticipated to record considerable growth in the coming years, creditable to surging demand for UGVs for supporting combat missions. While, special segment is likely to witness increased UGV adoption in order to perform high-risk operations.
As per size, medium scale segment is poised to accrue notable gains by 2026, attributable to its growing adoption in mining and agriculture activities. Moreover, escalating demand for medium size UGVs weighing between 401 lb. and 2,500 lb. to perform combat as well as search & rescue operations is boosting the segmental share.
Meanwhile, extra-large segment is expected to register decent growth rate by 2026, owing to increasing demand for fully autonomous UGVs that can perform heavy-duty and automated operations. Moving on to operation type, global unmanned ground vehicles industry from teleoperated segment is slated to gain traction in the forthcoming years, attributable to product benefits like easy operation, maintenance, and manufacturing.
With respect to component type, motors/actuators segment is anticipated to register considerable growth in the ensuing years, creditable to current developments to improve operational efficacy of the products.
From a regional perspective, Latin America unmanned ground vehicles industry will gain momentum in the near-future on account of increasing offshore wind farming activities in Brazil and Mexico.
Major contenders influencing global unmanned ground vehicles market dynamics are Elbit Systems Ltd., Northrop Grumman Corp., RE2 Inc., Leonardo S.p.A., iRobot Corp., Howe & Howe Technologies, Inc., Textron Systems Corporation, Milrem AS, FLIR Systems Inc., and Oshkosh Corp. among others.
Question and Answer: Global Unmanned Ground Vehicles Market
Q1) What are the growth stimulants of global unmanned ground vehicles market?
Answer: Rapid industrialization, formulation of several government bodies for UGV acquisition, incorporation of centralized ground control system, growing share of defense budget allocation in R&D of UGV, and rising focus towards decreasing risks of army personals are stimulating the industry growth.
Q2) How will Latin America contribute to global unmanned ground vehicles market remuneration?
Answer: Increasing offshore wind farming activities in Brazil and Mexico are significantly boosting the demand and sales of unmanned ground vehicles in Latin America, consequently enhancing the overall market remuneration.
Q3) Which are the major contenders in global unmanned ground vehicles market?
Answer: Major contenders influencing global unmanned ground vehicles market dynamics are Elbit Systems Ltd., Northrop Grumman Corp., RE2 Inc., Leonardo S.p.A., iRobot Corp., Howe & Howe Technologies, Inc., Textron Systems Corporation, Milrem AS, FLIR Systems Inc., and Oshkosh Corp. among others.