Unmanned Ground Vehicles (UGV) Industry 2019
Description:-
The defense forces across the world have been investing into high end equipment, which are capable of neutralizing enemy targets beyond the line of sight. The objective of inducting advanced equipment is to ensure the minimal exposure to the personnel. However, the change in combat environment from traditional open environment to urbanized closed environment has exponentially increased the exposure of personnel to innovative death traps like the IEDs. The increased use of IEDs against personnel across the world have acted as a key driver in the defense segment of the UGV market.
The Unmanned Ground Vehicle Market is estimated at around USD 3.17 Billion in 2019 and is expected to grow to USD 8.25 Billion in 2027. The cumulative market is expected to account to around USD 51.4 Billion and is expected to grow at a CAGR of around 11.20%. The commercial segment is expected to be the fastest growing segment, this is predominantly driven by the procurement of UGV platforms by manufacturing companies, logistics companies and warehouse providers.
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Key Players Analysis
BAE Systems
General Dynamics
Clearpath Robotics
ECA Group
Endeavor Robotics
Milrem Robotics
We conduct a highly comprehensive and consistent research methodology to garner the most precise estimates as well as forecasts about the market. We do this by curbing down the deviance. We utilize a combination of both top-down and bottom-up approaches for segmenting as well forecasting the quantitative areas of the global Unmanned Ground Vehicles (UGV)market. Add to this, the report was curated by undertaking data triangulation to grab a look over the market from three distinctive perspectives.
The objective behind the study of the global Unmanned Ground Vehicles (UGV)market is to accurately describe, define, and estimate the overall size of the market. The report also includes an in-detailed information concerning some of the major driving factors, challenges, and potential opportunities that lies in the market and which can have an influential role on the overall growth of the market. In the report, we properly breakdown the different segments of the global Unmanned Ground Vehicles (UGV)market into different regions and ascertain the size and valuation of each of the mentioned regions. We also highlight the political, societal, and economical influences in each individual regions to grab a better understanding about the geographical presence of the market. We precisely analyze each of the market segments and provide insights to aid investors and stakeholders to make insightful decisions. Furthermore, the competitive landscape of the global Unmanned Ground Vehicles (UGV)market is thoroughly studied by considering the mergers & acquisitions, expansions, latest product developments, and collaborations & agreements undertaking in the market. We profile each of the major and emerging players in the market and provide critical information about the growth strategies they follow and employ.
All the possible and potential parameters that hold the capability to affect the global Unmanned Ground Vehicles (UGV)market were covered in the study. They are accounted for, validated through extensive primary research, viewed in extensive detail, and analyzed to grab a concluding qualitative and quantitative information.
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Table Of Content – Major Key Players
1 Introduction
2 Executive Summary
3 Current Market Overview in the Global Unmanned Ground Vehicle Market
4 Market Segmentation
5 Market Analysis
Continued.…
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