Unmanned Ground Vehicle Market Share, Size, Value, Trends, Demand, Dynamics, Business Growth, Revenue and Forecasts (2020 – 2027)

The study methodologies used to examine the Unmanned Ground Vehicle market for the forecast period, 2020 – 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

Rising demand in commercial applications is a significant factors driving the market growth.

The global unmanned ground vehicle market is expected to be valued at USD 3,951.1 million by 2027 from USD 2,343.1 million in 2019, registering a CAGR of 6.7% through the forecast period, according to the latest report by Emergen Research. As a result of its growing demand in commercial applications, the unmanned ground vehicle market is experiencing high demand. In many civilian applications, unmanned ground vehicles are deployed, including firefighting, crowd control, urban search & rescue, nuclear plant operations, and agricultural spraying & harvesting.

The global population is registering an increase of around 240,000 people every day and is projected to hit about 9.6 billion by 2050. Therefore, adequate crop production is required to meet the rising demand for food from the growing population. Unmanned ground vehicles play a crucial role in carrying out agricultural operations effectively and thus in growing the harvest. For example, a fertilization-dispersion task can be performed autonomously by a fuelled autonomous tractor, an unmanned ground vehicle, and it is also possible to apply a similar principle to plating.

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Key Highlights From Report

In August 2019, L3Harris Technologies launched an advanced medium-sized unmanned ground vehicle in space-restricted environments and urban areas for security operations.

Tiny unmanned ground vehicles help make war areas safer for humans in the military sector. These robotic systems have a robust capacity to perform various intense tasks for patients in far-flung areas, such as public safety, firefighting, and medication-related logistics operations.

Increased R&D activities are driving business growth in the sector. For example, Ghost Robotics’ Minitaur is a medium-sized, lightweight, dynamic and fast direct-drive-legged platform designed for the production of unmanned ground vehicles for commercial applications and advanced locomotion & gait research.

The Asia Pacific market is expected to expand at the fastest pace over the forecast period. In terms of sales, China contributed to the largest market share of military unmanned ground vehicles due to increased investment in the military & defence industry.

Key participants include Northrop Grumman Corporation, L3 Harris Technologies Inc., Autonomous Solutions, ICOR Technology, Lockheed Martin Corporation, Cobham PLC, RE2 Inc., QinetiQ, BAE Systems, and Nexter System, among others.

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Emergen Research has segmented the global unmanned ground vehicle market on the basis of operation mode, mobility, system, size, application, and region:

Operation Mode Outlook (Revenue, USD Billion; 2017-2027)

Autonomous

Remotely Operated

Tethered

Mobility Outlook (Revenue, USD Billion; 2017-2027)

Wheeled

Tracked

Legged

Hybrid

System Outlook (Revenue, USD Billion; 2017-2027)

Payloads

Navigation System

Controller System

Power System

Others

Size Outlook (Revenue, USD Billion; 2017-2027)

Large

Medium

Small

Application Outlook (Revenue, USD Billion; 2017-2027)

Commercial

Military

Law Enforcement

Others Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

Europe

Asia Pacific

Latin America

MEA

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Unmanned Ground Vehicle Market Segmentation & Impact Analysis

    4.1. Unmanned Ground Vehicle Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Surging demand in commercial applications

                    4.2.2.2. Growing demand in homeland security

                    4.2.2.3. Growing demand in ISR operations

                    4.2.2.4. Increased R&D investment

          4.2.3. Market restraints analysis

                    4.2.3.1. High cost of unmanned ground vehicle

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Unmanned Ground Vehicle Market By Operation Mode Insights & Trends, Revenue (USD Million)

    5.1. Operation Mode Dynamics & Market Share, 2019 & 2027

          5.1.1. Autonomous

          5.1.2. Remotely Operated

          5.1.3. Tethered

Continued…

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