Dublin, April 18, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Unmanned Ground Vehicle Market - Analysis and Forecast (2016-2023) (Focus on Major Locomotion Types, Mode of Operations & Applications)" report to their offering.

The global unmanned ground vehicle market was estimated at $2,535.36 million in 2016 and is expected to reach $9.06 billion by 2023

The market is projected to grow at a fast pace with increasing adoption of the unmanned ground vehicles across different commercial and defense applications. In commercial applications, material handling has been one of the most labor intensive tasks in any manufacturing or warehouse facility. They consume both labor and time leading to cost overruns. However, in case of defense and security applications, operations like explosive handling are challenging and life threatening tasks.

The changing dynamics of global economy and geopolitics are acting as obstacles to the development of both businesses as well as the overall security environment as the countries try to maintain economic growth and political stability. Hence the demand for unmanned ground vehicles is projected to grow over the forecast period.

North America is currently dominating the unmanned ground vehicle market; however, the geographical analysis of this market unveils a great potential for growth in the Asian countries.

According to analysis, the U.K will grow at a faster rate; comprising a majority of the revenue followed by Germany and France. However, the demand across the Asian economies like China, India, Japan and South Korea will set the pace of the global unmanned ground vehicle market in APAC region.

Key players in the global unmanned ground vehicle market have been following both organic and inorganic strategies to strengthen their businesses and expand their product portfolio. Interestingly, inorganic strategies like acquisitions maintain a fine balance with organic strategies such as product launches owing to demand for products.

Egemin Automation, Swisslog, Seegrid, Lockheed Martin, Northrop Grumman, General Dynamics, IROBOT, Robo-Team, SMP Robotic etc. are some of the key players in the global unmanned ground vehicle market.

Key Topics Covered:

Executive Summary

1 Research Scope & Methodology
1.1 Scope of the Report
1.2 Global Unmanned Ground Vehicle Market Research Methodology

2 Market Overview
2.1 Mobile Robots
2.2 Global Unmanned Ground Vehicle Market
2.2.1 Market Definition
2.3 Market Dynamics
2.3.1 Drivers
2.3.1.1 Reduced Human Intervention
2.3.1.2 Increasing Operational Efficiency and Flexibility
2.3.1.3 Increasing use Across Commercial Applications
2.3.2 Restraints
2.3.2.1 Reliability Issues
2.3.2.2 Ethical and Legal Challenges
2.3.3 Opportunities
2.3.3.1 Fourth Industrial Revolution and Growth of Smart UGVs
2.3.3.2 Demand for Ugvs in Agriculture and Ecommerce

3 Competitive Insights
3.1 Key Market Developments and Strategies in the Global Unmanned Ground Vehicle Market
3.1.1 Share of Key Market Developments and Strategies
3.1.2 Product Launches
3.1.3 Collaborations
3.1.4 Business Expansion
3.1.5 Acquisitions
3.1.6 Contracts
3.1.7 Others
3.2 Key Industry Standards and Patent Analysis for Unmanned Ground Vehicles
3.2.1 Industry Standards
3.2.2 Patent Analysis
3.3 Value Chain Analysis
3.3.1 Product Mapping With Respect to Payloads

4 Global Unmanned Ground Vehicle Market Analysis and Forecast
4.1 Assumptions and Limitations
4.2 Market Overview

5 Global Unmanned Ground Vehicle Market by Locomotion Type
5.1 Market Overview
5.1.1 Wheeled Unmanned Ground Vehicle
5.1.2 Tracked Unmanned Ground Vehicles
5.1.3 Others

6 Global Unmanned Ground Vehicle Market by Mode of Operation
6.1 Market Overview
6.1.1 Remotely Controlled/Semi-Autonomous UGV
6.1.2 Autonomous UGV

7 Global Unmanned Ground Vehicle Market by Application
7.1 Market Overview
7.1.1 Defence & Security Application
7.1.2 Commercial Application

8 Global Unmanned Ground Vehicle Market by Geography

9 Company Profiles

- Clearpath Robotics Inc.
- ECA Group
- Endeavor Robotics (Formerly iRobot Defense and Security)
- General Dynamics
- Israel Aerospace Industries (IAI)
- John Bean Technologies Corporation
- KION Group
- Lockheed Martin
- Northrop Grumman
- Oshkosh Corporation
- QinetiQ Group plc
- Redsquared (RE2) Robotics
- SEEGRID Corporation
- Swisslog Holding AG

For more information about this report visit http://www.researchandmarkets.com/research/vgl957/global_unmanned

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         Related Topics: Military Unmanned Systems

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