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Unmanned Ground Vehicles (UGV) Market Trends

Report ID: GMI4590
Published Date: Sep 2023
Report Format: PDF

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Unmanned Ground Vehicles Market Trends

The unmanned ground vehicles market is experiencing growth due to several key factors. Increased adoption in defense & military applications including surveillance, reconnaissance, and logistics continues to drive demand. Technological advancements in AI, Machine Learning (ML), and sensor technologies are enhancing the capabilities of UGVs, making them more versatile and efficient. Additionally, these vehicles are finding expanded roles in civilian applications, such as agriculture, mining, and last-mile delivery, further fueling market growth. Regulatory frameworks are also evolving to accommodate unmanned ground vehicles, increasing their acceptance and utilization. These trends collectively contribute to the growing prominence and market expansion of unmanned ground vehicles across various industries.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The UGV industry was valued at over USD 2.8 billion in 2022 and is anticipated to grow at a CAGR of over 8% between 2023 and 2032, backed by the military's continued demand for UGVs for tasks such as reconnaissance, surveillance, and logistics.

The communication system segment is expected to grow at a CAGR of over 9% through 2032. The increasing complexities and capabilities of UGVs require more sophisticated communication components to support data transmission, remote operation, and coordination with other UGVs or control centers.

North America Unmanned Ground Vehicles (UGV) market held over 30% revenue share in 2022 and is slated to grow further as the U.S. has a robust defense sector with increased investments in autonomous technologies.

HORIBA MIRA Ltd., Howe & Howe Technologies, Inc., L3harris Corporation, Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, QinetiQ Group Plc, Reheinmetall AG, Textron Systems among others.