Stratview Research delivers key insights on the Unmanned Ground Vehicles Market. According to Stratview Research, the market is segmented 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 (Payloads, Controller Systems, Navigation Systems, Power Systems and Others), by Application (Military, Law Enforcement and Commercial) and by Region.
Market Insights
The report suggests that the overall Unmanned Ground Vehicles Market was valued at US$ 2.5 Billion in 2021 and is expected to grow at a CAGR of 5.6% during 2022-2028 to reach US$ 3.7 Billion by 2028.
Regional Analysis
- North America held the highest demand share in 2021 and will continue to lead the market in the foreseeable future.
- The U.S. generated the highest revenue in the region. The sharp increase in the U.S. defense budget along with increased production contracts with UGV OEM is expected to increase demand for Unmanned Ground Vehicles in the country.
- Further, with significant military modernization efforts taking place in countries across the Asia Pacific region, the demand for Unmanned Ground Vehicles is expected to grow in the near future.
Key Players
The following are some of the key players in the unmanned ground vehicles market:
- BAE SYSTEMS
- RHEINMETALL AG
- QINETIQ
- GENERAL DYNAMICS
- THALES GROUP
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for UGVs Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.
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