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Unmanned Ground Vehicle Market Growth Opportunities, Driving Factors by Manufacturers, Regions, Type and Application, Forecast Analysis to 2030

Unmanned Ground Vehicle Market is valued approximately at USD 2.86 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.9% over the forecast period 2020-2027.

UGVs are extensively used in defense sector as they provide flexible robotic platform which helps in multipurpose mobility support. Further, increasing investments in defense sector, increasing demand in civilian applications to save human lives , and increase in the demand for Internet-of-Things (IoT) to use robots in various sectors like chemical, biological, radiological and nuclear defense has led the adoption of Unmanned Ground Vehicle across the forecast period. For Instance: according to the company source, in 2020, Robotics Research has developed the Pegasus Mini, for operation on the ground and air.

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Also, according to nationalinterest.org, in 2019, Russia revealed its combat-tested Uran-9 robot tank in Syria. However, defects in software or hardware, technical and operational failures, high manufacturing costs and high maintenance costs, impedes the growth of the market over the forecast period of 2020-2027. Also, Opportunity with the research & development the use of robotic machines in the difficult terrains and the autonomous mode in the UGVs has led the adoption & demand for Unmanned Ground Vehicle is likely to increase.

The regional analysis of global Unmanned Ground Vehicle Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to various missions of US Army in many countries, advanced research & development coupled with the well-established defense infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising defense budget spending, rising border conflicts, terrorism, hostile situations, difficult terrains, developing Artificial Intelligence, increasing manufacturing industries and improving defense infrastructure would create lucrative growth prospects for the Unmanned Ground Vehicle Market across Asia-Pacific region.

Major market player included in this report are:
Northrop Grumman Corporation
L3 Harris Technologies Inc.
Autonomous Solutions
ICOR Technology
Lockheed Martin Corporation
Cobham PLC
RE2 Inc.
QinetiQ
BAE Systems
Nexter System

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Size:
Small
Medium
Heavy

By Mode of Locomotion:
Tracked
Wheeled
Legged

By Operation:
Teleoperated
Automated

By Application
Commercial
Defence

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Unmanned Ground Vehicle Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

How are the key players in the market assessed?

This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.

The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

Following are the questions answered by the Market report:

What are the goals of the report?

This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market’s growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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Updated : 2022-05-19 04:57 GMT+08:00