Unmanned Ground Vehicles (UGV) Market to Rise at 14.95% CAGR till 2026; Increasing Number of Company Collaborations Will Provide Impetus to Market Growth, says Fortune Business Insights™
Key players covered are ASELSAN A.S, Autonomous Solutions Inc, BAE Systems, Clearpath Robotics Inc, Cobham Limited, FLIR Systems, Inc, General Dynamics Corporation, L3Harris Technologies, Inc, Northrop Grumman Corporation, QinetiQ, Oshkosh Defense, LLC An Oshkosh Corporation Company, Rheinmetall AG, Roboteam and more players profiled in unmanned ground vehicles market research report
Pune, May 15, 2020 (GLOBE NEWSWIRE) -- The global unmanned ground vehicles market size is projected to reach USD 7.45 billion by the end of 2026. Applications in the defense sector have caught the eye of several investors from across the world. According to a report published by Fortune Business Insights, titled “Unmanned Ground Vehicles Market Size, Share and Industry Analysis, By Mobility (Wheeled, Tracked, Hybrid, and Legged), By Size (Small, Medium, Large, Very Large, and Extremely Large), By Mode of Operation (Tethered, Teleoperated, and Autonomous), By System (Payload, Controller System, Navigation System, Power System, and Others), By Application (Military, Commercial, Law Enforcement, and Federal Law Enforcement) and Regional Forecast, 2019-2026,” the market was worth USD 2.57 billion in 2018 and will exhibit a CAGR of 14.95% during the forecast period, 2019-2026.
Global COVID-19 Impact on Unmanned Ground Vehicles Industry:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To Get The Short-Term and Long-Term Impact of COVID-19 on UGV Market,
Please Visit:
Unmanned ground vehicles are automobiles that do not require a human presence inside the vehicle. These vehicles are incorporated with modern technologies that are integrat6ed with sensors and similar peripherals. Applications of UGVs in diverse industry verticals including agriculture, transport, and military & defense. Technological advancements have been pivotal to the growth of the market. Accounting to this, several companies are looking to invest huge sums towards developing technologically sound UGVs. The demand for these products is rising constantly, owing to the exceptional properties that they possess. The presence of several large scale companies across the world has opened up a massive potential for the growth of the market in the foreseeable future.
FLIR Systems Received a $152 Million Contract from the US Army Manufacturing of 350 UGVs
The report encompasses several factors that have contributed to the growth of the market in recent years. Owing to the increasing applications of UGVs in diverse industry verticals, governments of several countries across the world are looking to approach UGV manufacturers with custom requirements. In March 2019, FLIR Systems announced that it has bagged a contract from the US Army. The contract was worth USD 152 million and is aimed at the development of 350 unmanned grounded vehicles. FLIR’s latest collaboration with the US Army will not just benefit the company but will have a direct impact on the growth of the market in the coming years.
Browse Detailed Research Insights with Table of Content:
https://www.fortunebusinessinsights.com/unmanned-ground-vehicless-market-102525
North America to Emerge Dominant; Presence of Several Large Scale Companies to Aid Growth
The report analyzes the ongoing unmanned grounded vehicles market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in North America is likely to account for the highest unmanned ground vehicles market share in the coming years. The presence of several large scale companies in several countries across this region will aid the growth of the market. As of 2018, the market in North America was worth USD 899.5 million and this value is likely to increase further in the coming years. The market in Asia Pacific will also witness considerable growth rate in the coming years, accounting to the growing applications of the product in the defense sector.
List of Key Companies Profiled in the Unmanned Ground Vehicles Market Research Report are:
- ASELSAN A.S.
- Autonomous Solutions Inc.
- BAE Systems
- Clearpath Robotics Inc.
- Cobham Limited
- FLIR Systems, Inc.
- General Dynamics Corporation
- L3Harris Technologies, Inc.
- Northrop Grumman Corporation
- QinetiQ
- Oshkosh Defense, LLC An Oshkosh Corporation Company
- Rheinmetall AG
- Robote qam
Quick Buy - Unmanned Ground Vehicles Market Research Report:
https://www.fortunebusinessinsights.com/checkout-page/102525
Detailed Table of Content:
-
Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
-
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
-
Key Insights
- Key Industry Developments –Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
-
Global Unmanned Ground Vehicles Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
-
Market Analysis, Insights and Forecast – By Mobility
- Wheeled
- Tracked
- Hybrid
- Legged
-
Market Analysis, Insights and Forecast – By Size
- Small
- Medium
- Large
- Very Large
- Extremely Large
-
Market Analysis, Insights and Forecast – By Mode of Operation
- Tethered
- Tele-Operated
- Autonomous
-
Market Analysis, Insights and Forecast – By System
- Payload
- Controller System
- Navigation System
- Power System
- Others
-
Market Analysis, Insights and Forecast – By Application
- Military
- Commercial
- Law Enforcement
- Federal Law Enforcement
-
Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- The Middle East
- Rest of the World
TOC Continued…!
Get your Customized Research Report:
Industry Developments:
March 2019: QinetiQ announces that it has signed a contract with the United States Army for the development of new small unmanned ground vehicles. The contract is said to be worth USD 152 million.
Have a Look at Related Research Insights:
Unmanned Underwater Vehicles (UUV) Market Size, Share and Industry Analysis, By Type (Remotely Operated Vehicle (ROV), and Autonomous Underwater Vehicle (AUV)), By Application (Commercial Exploration, Scientific Research, Defense), By Product Type (Small Vehicle, High-Capacity Electric Vehicle, Work-Class Vehicle), By Propulsion System (Electric System), By Payload (Camera, Sensors, Inertial Navigation System), and Regional Forecast 2019-2026
Unmanned Aerial Vehicle Market Size, Share & Industry Analysis, By Application (Military, Commercial & Civil, and Recreational), By System (Airframe, Payload, Avionics, Propulsion), By Technology (Remotely Operated, Semi-Autonomous, Fully-Autonomous), By Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), and Regional Forecast 2019-2026
Military Aircraft Market Size, Share & Industry Analysis, By Type (Fixed-Wing, and Rotary-Blade), By Application (Combat, Multirole Aircraft, Military Transport, Maritime Patrol, Tanker, Reconnaissance & Surveillance, and Others), By System (Airframe, Engine, Avionics, Landing Gear System, and Weapon System), and Regional Forecast, 2019-2026
About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand current competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blog
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/unmanned-ground-vehicles-ugv-market-9896
