The report "Unmanned Ground Vehicles (UGV) Market
by Application (Defense, Commercial), Mode of Operation, Size,
Mobility, Payload, and Region (North America, Europe, Asia-Pacific,
Middle East, Rest of the World) - Global Forecasts to 2020",
The global unmanned ground vehicle (UGV) market is estimated to reach
USD 18.65 Billion by 2020, at a CAGR of 23.7% from 2015 to 2020. This
growth can be attributed to the rising need for efficient border
surveillance and general ISR functions, combined with the technological
advancements in the field of UGVs, globally.
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Browse 82 market tables and 60 figures spread through 150 pages and in-depth TOC on "Unmanned Ground Vehicles (UGV) Market - Global Forecasts to 2020"
The commercial segment is projected to grow at the
highest CAGR compared to all other application segments during the
forecast period, primarily owing to huge investments made by major
players in the development of UGVs for applications in agriculture,
underground mining, medical, and so on. In Europe, the agriculture
sector dominates the demand for UGVs in the commercial segment, followed
by transportation and medical sectors.
“The laser payload segment to grow the highest during the forecast period”
The global UGV market has been segmented and analyzed
in terms of payloads, namely, sensors, radars, cameras, lasers, and
others. While the overall market is dominated by the sensors segment,
the lasers segment is projected to grow at the highest CAGR during the
forecast period, primarily driven by the increased use of lasers in
defense for target acquisition, guided munitions, electro-optical
countermeasures (EOCM), and for blinding enemy troops, among others.
“Europe and Asia-Pacific to be the game changers in the UGV market”
The global UGV market is dominated by North America,
as of 2015, owing to the technological advancements and rising
incidences of terrorism in the region. However, Europe and Asia-Pacific
are expected to drive the growth of the global UGV market in coming
years, with the European market projected to grow at the highest CAGR
during the forecast period, 2015 to 2020. This rapid growth of the
European market can be attributed to the increasing development and
deployment of UGVs robots for ISR and combat operations in defense
sector; and for crop harvesting, medical, and underground mining, among
others, in commercial sector. The Asia-Pacific market is driven mainly
by the increasing investments by China and India for development of
multifunctional UGVs in defense as well as commercial applications.
The major players in this market have been identified
to be Lockheed Martin (U.S.), Northrop Grumman (U.S.), Oshkosh
Corporation (U.S.), QinetiQ Group Plc. (U.K.), and iRobot (U.S.), among
others.
The report segments and analyzes the UGV market on
the basis of mode of operation (tethered, tele-operated, autonomous),
mobility (wheeled, tracked, legged, others), size (micro, small, medium,
large, others), payload (sensors, lasers, camera, radars, others),
application (defense & commercial), and maps these segments and
subsegments across the major regions of the world, namely, North
America, Europe, Asia-Pacific, the Middle East, and Rest of the World
(constituted by Latin America and Africa).
