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The Global Unmanned Ground vehicle market is at US$ 3.17 billion during the year 2019 and anticipated to grow at 11.2% CAGR up to USD 8.25 billion by the end of 2028. This market is having extensive importance due to modernization in defense industry. Advancements in the manufacturing capabilities of the emerging economies in the Asia pacific region are top market driver.
Top Driver: Robust Demand for Reduction in Human Intervention with Operational Efficiencies
The factor such as the need for the reduction in human intervention is due to the fact as it reduces the risk of error, drives down cost and result in much swifter processing and hence this factor play a very important role in the unmanned ground vehicle market and expected to drive the market.
There is the need for increasing operational efficiency that is the capability of an enterprise to deliver products or services to its customers in the most cost-effective manner possible while still assuring the high quality of its product, service or support. The growth in terrorist activities around the world is expected to drive the market.
Tethered segment to Make Crucial Contribution to Growth of Global Cognitive Computing Market
The tethered segment is believed to be the highest growing segment during the next forecast period of time, as tethered operated unmanned ground vehicles are expected to be used for the applications where the uninterrupted power supply is needed. Moreover many countries are also investing in the development of autonomous troops for the military to increase their defense control system.
The other factors that contribute in the growth of unmanned ground water market are the autonomous segment, small segment market, tele-operated segment and others. The military segment is also growing due to automation in various military applications like ISR, transport and combat support.
Rising Investments in Unmanned Ground Vehicles and Research to Benefit North America & Asia Pacific Market
North America unmanned ground vehicles market is estimated to reach $909.2 million by the end of 2028, representing the largest regional market with a CAGR of 12.6%. They are spending huge investments on defense budget due to the war on terror and for making peace internationally as a global leader and super power.
Asia Pacific market is also expected to grow at a large percentage and capturing a huge share in the Global Unmanned Ground Vehicles Market. Countries in this region, such as India and China have increased their defense budgets and procurement of advanced systems for military operations. Asia pacific ground vehicle market is estimated to grow at 16.44% over the next years with an addressable market cap of $7.05 billion during the forecast period.
Players to Focus on Expanding Applications in Firefighting, Oil and Gas, and Transportation
The global unmanned ground vehicle market is expected to stay fragmented with the increase in the number of new manufacturers in the coming years. Harris Corporation, Oshkosh Corporation, QinetiQ along with others is major manufacturers and contributed in the growth of unmanned ground vehicles market as described below:
Scope of the report
By Type
By application
By end-users
By regions
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Unmanned Ground Vehicles Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Unmanned Ground Vehicles Market -Industry Snapshots
6.1.1 Global Unmanned Ground Vehicles Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Unmanned Ground Vehicles Market Analysis, by Type
7.2 Key Findings for Unmanned Ground Vehicles Market- By Type
7.2.1 Unmanned Ground Vehicles Market- Tethered
7.2.2 Unmanned Ground Vehicles Market- Teleported
7.2.3 Unmanned Ground Vehicles Market- Autonomous
Chapter 8 Global Unmanned Ground Vehicles Market Analysis, by Applications
8.2 Key Findings for Unmanned Ground Vehicles Market- By Applications
8.2.1 Unmanned Ground Vehicles Market- Commercial
8.2.2 Unmanned Ground Vehicles Market- Military
8.2.3 Unmanned Ground Vehicles Market- Law enforcement
8.2.4 Unmanned Ground Vehicles Market- Federal law enforcement
Chapter 9 Global Unmanned Ground Vehicles Market Analysis, by End User
9.2 Key Findings for Unmanned Ground Vehicles Market- By End User
9.2.1 Unmanned Ground Vehicles Market- Defense
9.2.2 Unmanned Ground Vehicles Market- Commercial
Chapter 10 Unmanned Ground Vehicles Market Analysis by Region
10.1 Key Findings for Unmanned Ground Vehicles Market- By region
10.2.1 Global Unmanned Ground Vehicles Market Analysis, By Type, 2019 – 2028
10.2.2 Global Unmanned Ground Vehicles Market Analysis, By Applications, 2019 – 2028
10.2.3 Global Unmanned Ground Vehicles Market Analysis, By End User, 2019 – 2028
10.3 Unmanned Ground Vehicles Market – North America
10.3.5 North America Market, By Type
10.3.6 North America Market, By Applications
10.3.7 North America Market, By End User
10.4 Unmanned Ground Vehicles Market – Europe
10.4.8 Europe Market, By Applications
10.4.9 Europe market by, End User
10.5 Unmanned Ground Vehicles Market – Asia Pacific
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Applications
10.5.8 Asia Pacific Market, By End User
10.6 Unmanned Ground Vehicles Market – LAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 Latin America, Middle East and Africa Market, By Type
10.6.6 Latin America, Middle East and Africa Market, By Applications
10.6.7 Latin America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.5 Lockheed Martin Corporation
12.6 Israel Aerospace Industries Ltd.
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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