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:

• Harris Corporation They have merged with L3 to become L3 Harris technologies which is now America’s sixth largest defense firm. The combined company is valued at US 33.5 billion. Therefore, they are considering a huge player in Global Unmanned Ground vehicle market and expected to grow during the forecast period of time.
• Oshkosh Corporation They signed a contract worth USD 6.7 billion with the US army to manufacture joint light tactical vehicle (JLTV).
• QinetiQ They received a contract worth USD 429 million from the US army for its common robotic system individual (CRS-I program).

Scope of the report

By Type

• Tethered
• Teleported
• Autonomous

1. Semi-autonomous
2. Fully autonomous

By application

1. commercial

• Firefighting
• Oil& gas
• CBRN
• Physical security
• Agriculture
• Domestic

2. Military

• Intelligence, surveillance, and reconnaissance (ISR)
• Search and rescue
• Combat support
• Transportation
• Explosive ordnance disposal
• Mine clearance
• Firefighting
• Others (counter CBRN, Hazmut)

3. Law enforcement
4. Federal law enforcement

By end-users

• Defense
• commercial

By regions

• North America
• Asia pacific
• Europe
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.