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

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).

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) '

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.

Analysis by Mode of Operation