In a recent published report, Kenneth Research has updated the market report for Unmanned Ground Vehicle Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Unmanned Ground Vehicle Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Unmanned Ground Vehicle (UGV) Market is estimated to reach $4.1 billion by 2025; growing at a CAGR of 12.3% from 2017 to 2025. Unmanned Ground Vehicle (UGV) is a mechanical machine that moves along the surface of ground to transport or carry something, not a human being. UGV consist of several layers including a power system, a central processor, an emergency halt module and various sensors used for localization. The sensors on board include cameras, an inertial measurement unit, a global positioning module (GPS), quadrature encoders, ultrasonic ranging sensors, and a 2-dimensional laser rangefinder.
Remarkable vehicle combat performance and decrease in risk of person life are the major driver fueling the growth of unmanned ground vehicle (UGV) market. However, restricted battery life of the vehicles may restrict the market from growing. Development of driverless infantry vehicle, rising demand to increase operational efficiency, and demand for self-directed control systems would generate profitable opportunities for the global market.
The major segments of the unmanned ground vehicle (UGV) market are application, size, mode of operation, mobility, component, payload, and geography. Application segment comprises defense and commercial. By size, the market is bifurcated into large, medium, small, and micro. Mode of operation segment consists of tethered, semi-autonomous, autonomous, and tele-operated. Mobility segment is categorized into tracked, and wheeled. Component segment is classified into software, and hardware. Further, by payload, the market is segmented into sensors, lasers, radar, camera, and articulated arm & GPS.
On the basis of geography, global unmanned ground vehicle (UGV) market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The major key market players include Oshkosh Corporation, DOK-ING d.o.o., Nexter Systems, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems PLC, General Dynamics Corporation, iRobot Corporation, RE2, Inc., and HORIBA MIRA Ltd., among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Unmanned Ground Vehicle (UGV) Market with respect to major segments such as application, size, mode of operation, mobility, component, and payload
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Unmanned Ground Vehicle (UGV) Market has been included in the report
Profile of the key players in the Global Unmanned Ground Vehicle (UGV) Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Unmanned Ground Vehicle (UGV) Market:
Application Segments
Defense
Intelligence, surveillance and reconnaissance (ISR)
Physical security
Explosive ordnance disposal (EOD)
Crew integration and automation testing
Others
Commercial
Field
Chemical
Agriculture
Domestic
Oil & gas
Other Commercial Applications
Size Segments
Large
Medium
Small
Micro
Mode of Operation Segments
Tethered
Semi-Autonomous
Autonomous
Tele-Operated
Mobility Segments
Tracked
Wheeled
Component Segments
Software
Hardware
Payload Segments
Sensors
Lasers
Radar
Camera
Articulated Arm & GPS
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Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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