Unmanned Ground Vehicles Market 2019
The Unmanned Ground Vehicles are the vehicle which works while in contact with the ground, and the vehicle doesn’t require any human presence. This can be used for a different purpose. In general, the vehicles are used in the place which is dangerous, inconvenient, and humans can’t reach the place. They come in two different classes. One is autonomous, and another one is a remote-operated vehicle. Talking more about the vehicles, they come with some sensors which can effectively detect the surrounding environment.
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The vehicles autonomously take the decisions about the action or can pass the obtained information to the operators who are controlling the UGV. The autonomous UGVs can accurately collect the critical information of the environment. Besides, it can even detect different objects, such as people and other vehicles. It can travel to its destination point without any help from a human. So, these vehicles are now used in both commercial and security sectors. This will drive the growth of the market.
The report suggests the Global Unmanned Ground Vehicles market is expected to reach USD 3,358 million by the end of 2023. In the year 2016, the market value was USD 1.497 billion. The experts have predicted that the Compound Annual Growth Rate will be 11.1 % during the forecasting period, i.e., from 2018 to 2023. The growing demand for UGVs in both the defense and commercial sectors and massive technological innovations are some of the significant factors which will drive the growth of the market.
Market Segmentation of UGV
The Global Unmanned Ground Vehicles market is segmented based on Application, Type, and Regions. Based on the type, the market is split into Semi-autonomous, autonomous, and teleoperated.
Considering its Application, the market is divided into Commercial, Defence or Military and Civil. As per the report, the defense or military segment is expected to grow an impressive CAGR from 2018 to 2023. The reason is demand for military UGVs to carry out operations under a hostile environment. They are largely used for conduct EOD, ISR and provide safe combat support. After that, in the next place, there will be the commercial sector.
Geographical Market Segmentation of the UGV Market
The Global Unmanned Ground Vehicles Market is segmented into different regions and countries. The major regions who are greatly influencing the growth of the market are Europe, North America, South America, Asia Pacific, and Middle East & Africa.
Talking about the major countries included in this report are United States, Canada, Mexico, UK, Russia, Germany, Italy, France, Japan, India, China, Southeast Asia, Korea, Argentina, Colombia, Brazil, UAE, Nigeria, South Africa, Saudi Arabia and
Rest of the World.
As per the report, the Asia Pacific region market is expected to grow at a higher CAGR during the forecast period. The primary reason is tremendous growth of commercial UGVs manufacturing units in this region.
Latest Market News
In September 2013, Seegrid Corp, a leading self-driving vehicle provider, launched its new vision-guided vehicle to automate the material handling process for distribution, manufacturing and e-commerce industries.
iRobot Corp, the leader in consumer robots, in June 2019 informed about the addition of the Root coding robot. The company has acquired Root Robotics.
Table of Contents –Analysis of Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Unmanned Ground Vehicles Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Unmanned Ground Vehicles Market Analysis by Regions
5 North America Unmanned Ground Vehicles by Country
6 Europe Unmanned Ground Vehicles by Country
7 Asia-Pacific Unmanned Ground Vehicles by Country
8 South America Unmanned Ground Vehicles by Country
9 Middle East and Africa Unmanned Ground Vehicles by Countries
10 Global Unmanned Ground Vehicles Market Segment by Type
11 Global Unmanned Ground Vehicles Market Segment by Application
12 Unmanned Ground Vehicles Market Forecast (2019-2025)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
List of Tables and Figures
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