Allied Market Research
Loading...
0

Unmanned Ground Vehicle Market Expected to Reach $3,358 Million, Globally, by 2023

 

Report Code : A02134

quote Reduction in risk of human life and impressive vehicle combat performance. Increased demand in civilian applications which includes homeland security and commercial purpose majorly drive the market. quote

Amrut Kulkarni
Lead Analyst, ICT at AMR.

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report by Allied Market Research, titled, Unmanned Ground Vehicle Market by size, by mode of locomotion, by operation, by application Type: Global Opportunity and Forecast, 2017-2023, the unmanned ground vehicle market was valued at $1,497 million in 2016, and is projected to reach at $3,358 million by 2023, growing at a CAGR of 11.1% from 2017 to 2023. This is attributed in reference to reduction in risk of human life, increased demand of UGVs in civilian application, and impressive vehicle combat performance.

Access Full Summary at: https://www.alliedmarketresearch.com/unmanned-ground-vehicle-UGV-market

The size segment includes small, lightweight, medium, and heavy. By mode of locomotion, the market is divided into tracked, wheeled, and legged. Operation segment is bifurcated into automated and teleoperated. Based on application, the market is categorized into defense and commercial.

Reduction in risk of human life and increased demand of unmanned ground vehicle in civilian applications consisting of homeland security and commercial purpose a fuel the growth of the market. However, the restricted battery life of vehicles limit the growth.

The small size UGV segment is projected to grow at the CAGR of around 12.4% during the forecast period. Increased demand of UGVs in civilian application and high operational efficiency favor market growth.

The wheeled type mode of locomotion of UGVs segment dominated the market in 2016, followed by tracked type. Furthermore, these segments collectively accounted for around 96.6% share of the overall unmanned ground vehicle market revenue in 2016. The agriculture sectors providing lucrative options for the wheeled unmanned ground vehicles. In addition, increased use of the unmanned vehicles in the mining industry favors unmanned ground vehicle market growth.

By application, the commercial segment is expected to grow at CAGR of around 18.6% followed by defense segment. These vehicles are used to move material at a mining site, assist in snow removal on road side in winter season, and patrolling thereby favoring market growth.

The global unmanned ground vehicle market is characterized by the presence of international market players. These companies tend to expand their market presence by adopting strategies, such as strategic alliance and product development. Some of the key players operating in the unmanned ground vehicle industry include Armtrac Limited, Northrop Grumman Corporation, DOK-ING, Cobham plc., HORIBA MIRA Ltd., ICOR Technology, General Dynamics Corporation, RE2, Inc, Clearpath Robotics Inc and ENDEAVOR ROBOTICS.

Key Findings of the Unmanned Ground Vehicle Market:

  • The small size UGV segment is expected to grow at the highest CAGR during the forecast period.
  • The wheeled type segment dominated the unmanned ground vehicle market growth in 2016.
  • North America was the highest contributor in the overall unmanned ground vehicle market size in 2016; however, in terms of growth, the market in Asia-Pacific is estimated to grow at the highest rate.
  • U.S. led in terms of expenditure on unmanned ground vehicle in 2016.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Unmanned Ground Vehicle Market by Size (Small, Medium and Heavy), Mode Of Locomotion (Tracked, Wheeled, and Legged), Operation (Teleoperated and Automated) and Application (Commercial and Defense) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,718 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Unmanned Ground Vehicle Market"
Purchase Enquiry