What is the key driver of Global Unmanned Ground Vehicle Market?

Growing need for autonomous systems for commercial and defence applications drives market expansion, as the broad range of applications for autonomous Unmanned ground vehicle is driving up demand in the defence and commercial sectors. In the agricultural industry, autonomous vehicles are utilised for soil sampling, mechanical weeding, irrigation control, crop harvesting, and precision spraying. Furthermore, these vehicles are commonly used by defence forces for combat support, intelligence, surveillance, and reconnaissance (IS) operations, among other things. As a result, rising defence procurement of sophisticated robotics is propelling market expansion.

Which region accounted for the largest share in Global Unmanned Ground Vehicle Market?

Global Unmanned Ground Vehicle Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

Unmanned Ground Vehicle Market Size, Share, Growth Analysis, By Mobility(Wheeled, Tracked, Hybrid, Legged), By Size(Small (10 - 200 lbs), Medium (200 - 500 lbs), Large (500 - 1000 lbs), Very Large (1000 – 2000 lbs)), By Mode of Operation(Tethered, Teleoperated, Autonomous (Automatic and Semi-Automatic)), By System(Payloads (Radars, Lasers, Sensors, Cameras), By Application(Military (Intelligence, Surveillance, And Reconnaissance (ISR), Search & Rescue), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Unmanned Ground Vehicle Market?

Unmanned Ground Vehicle Market size was valued at USD 2.68 billion in 2021 and is poised to grow from USD 2.92 billion in 2022 to USD 5.62 billion by 2030, growing at a CAGR of 8.8% in the forecast period (2023-2030).

Q: Who are the key vendors in the Global Unmanned Ground Vehicle Market?

In order to maintain competitiveness, the global unmanned ground vehicle market participants are heavily active in mergers and acquisitions. Major market players are concentrating on company development through the introduction of upgraded Unmanned ground vehicle and long-term contracts with military forces. Hanwha Defense will update its multi-purpose Unmanned ground vehicle for export sales in March 2021. The vehicles boosted infantry units' fighting capability and viability. XAG will also deploy the R150 Unmanned Ground Vehicle in June 2021. It is designed specifically for agricultural uses and can carry up to 150 kg (330 lbs). 'General Dynamics Corporation', 'iRobot Corporation', 'Northrop Grumman Corporation', 'QinetiQ Group plc', 'Lockheed Martin Corporation', 'BAE Systems plc', 'Autonomous Solutions Inc.', 'Clearpath Robotics Inc.', 'ECA Group', 'Endeavor Robotics', 'Roboteam Ltd.', 'Nexter Group', 'SuperDroid Robots Inc.', 'Oshkosh Defense LLC', 'Cobham plc', 'Cobalt Robotics Inc.', 'Milrem Robotics', 'Rheinmetall AG', 'FLIR Systems Inc.', 'Knightscope Inc.'.

Report ID: SQMIG20A2165 | Region: Global | Published Date: September, 2024
Pages: 157 | Tables: 176 | Figures: 79

Unmanned Ground Vehicle Market Competitive Landscape

Unmanned Ground Vehicle Market Top Player's Company Profiles

Northrop Grumman Corporation (US)
Lockheed Martin (US)
BAE Systems (UK)
Rheinmetall AG (Germany)
QinetiQ (UK)
General Dynamics (US)
Thales Group (France)
L3Harris Technologies (US)
Aselsan A.S. (Turkey)
Teledyne Technologies (US)
Hexagon AB (Sweden)
Israel Aerospace Industries (Israel)
ST Engineering (Singapore)
Elbit Systems (Israel)
ECA Group (France)
Mitsubishi Electric (Japan)
LIG Nex1 (South Korea)
Oshkosh Corp. (US)
Hyundai Motor Company (South Korea)
Horiba Ltd. (Japan)
Textron Inc. (US)
Cobham PLC (UK)
RE2, Inc. (US)
Autonomous Solutions, Inc. (US)
ICOR Technology (US)
Nexter Group (France)

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What is the global market size of Unmanned Ground Vehicle Market?

The unmanned ground vehicle market size was valued at USD 2.57 billion in 2022 and is poised to grow from USD 2.92 billion in 2023 to USD 5.73 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

Who are the key vendors in the Unmanned Ground Vehicle Market?

To maintain competitiveness, the unmanned ground vehicle market participants are heavily active in mergers and acquisitions. Major market players are concentrating on company development through the introduction of upgraded Unmanned ground vehicle and long-term contracts with military forces. Hanwha Defense will update its multi-purpose Unmanned ground vehicle for export sales in March 2021. The vehicles boosted infantry units' fighting capability and viability. XAG will also deploy the R150 Unmanned Ground Vehicle in June 2021. It is designed specifically for agricultural uses and can carry up to 150 kg (330 lbs). 'Northrop Grumman Corporation (US) ', 'Lockheed Martin (US) ', 'BAE Systems (UK) ', 'Rheinmetall AG (Germany) ', 'QinetiQ (UK) ', 'General Dynamics (US) ', 'Thales Group (France) ', 'L3Harris Technologies (US) ', 'Aselsan A.S. (Turkey) ', 'Teledyne Technologies (US) ', 'Hexagon AB (Sweden) ', 'Israel Aerospace Industries (Israel) ', 'ST Engineering (Singapore) ', 'Elbit Systems (Israel) ', 'ECA Group (France) ', 'Mitsubishi Electric (Japan) ', 'LIG Nex1 (South Korea) ', 'Oshkosh Corp. (US) ', 'Hyundai Motor Company (South Korea) ', 'Horiba Ltd. (Japan) ', 'Textron Inc. (US) ', 'Cobham PLC (UK) ', 'RE2, Inc. (US) ', 'Autonomous Solutions, Inc. (US) ', 'ICOR Technology (US) ', 'Nexter Group (France) '

What is the key market trend for Unmanned Ground Vehicle Market?

In recent years, significant stakeholders have started to focus the development of next-generation vehicles for efficient and dependable operations. The use of slashing technology, such as artificial intelligence in unmanned aerial vehicles, enhances vehicle performance. Intelligent unmanned autonomous systems are developed by humans and are able to carry out operations or administration without the need for advanced technologies.

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What is the global market size of Unmanned Ground Vehicle Market?

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Which region accounted for the largest share in Unmanned Ground Vehicle Market?

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