Dublin, July 23, 2024 (GLOBE NEWSWIRE) -- The "Unmanned Ground Vehicles (UGV) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Unmanned Ground Vehicles (UGV) is estimated at US$2.5 Billion in 2023 and is projected to reach US$3.4 Billion by 2030, growing at a CAGR of 4.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The market for UGVs is poised for significant expansion, driven by several key factors including the integration of emerging technologies like IoT, advancements in sensor technology, and the development of regulatory standards which enhance their operational trust and safety. Military modernization programs worldwide incorporate UGVs to boost effectiveness while minimizing risks to human life.
Additionally, the adoption of UGVs is increasing in public safety, emergency response, and commercial sectors like mining and logistics, reflecting a broader trend towards automation that promises increased efficiency and reduced operational costs. Enhanced connectivity solutions such as 5G technology also play a crucial role in improving the control and reliability of UGVs in remote or challenging environments.
Collectively, these factors propel the sophistication and adoption of UGVs, heralding a future where their strategic and commercial applications significantly influence both military operations and civilian industries.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Wheeled UGV segment, which is expected to reach US$1.3 Billion by 2030 with a CAGR of a 4.6%. The Tracked UGV segment is also set to grow at 3.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $679.4 Million in 2023, and China, forecasted to grow at an impressive 7.3% CAGR to reach $713.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aselsan A.S., Autonomous Solutions, Inc., BAE Systems PLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 407 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.5 Billion |
| Forecasted Market Value (USD) by 2030 | $3.4 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Unmanned Ground Vehicles (UGV) - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Increased Defense Budgets Throws the Spotlight on UGV Market
- Rising Demand for Autonomous Military Operations Propels Growth
- Advancements in AI and Machine Learning Strengthen Business Case for UGV Deployment
- Growing Use of UGVs in Disaster Management Expands Addressable Market Opportunity
- Enhanced Sensor Technologies Drive Adoption of Sophisticated UGV Systems
- Integration of UGVs with Unmanned Aerial Vehicles (UAVs) Generates Demand
- Development of Hybrid UGVs Spurs Market Innovations
- Enhanced Communication and Control Systems Sustain Growth of UGV Market
- Rising Investments in Robotics and Automation Impacts Growth
- Increased Adoption in Agricultural Applications Expands Market Reach
- Urban Security and Surveillance Needs Strengthen Market Demand
- Advancements in Battery Technology Drives Longer Operational Time for UGVs
- Public Safety and Law Enforcement Applications Propel UGV Market Growth
- Commercialization of UGVs for Industrial Inspections Supports Growth Prospects
- Growing Need for Mine Countermeasures Drives Adoption in Military Operations
- Demand for UGVs in Environmental Monitoring Expands Addressable Market
- Improved Navigation and Mapping Capabilities Generate Market Demand
- Challenges in Cybersecurity and Data Privacy Affect Market Dynamics
- Rising Focus on Human-Machine Teaming Strengthens Business Case for UGV Integration
- Cost Reductions in UGV Manufacturing and Maintenance Spur Market Adoption
- Emerging Applications in Space Exploration Generates New Market Opportunities
- Increased Use of UGVs for Cargo and Logistics Operations Expands Market Potential
- Advancements in Terrain Adaptability and Mobility Features Sustain UGV Market Growth
FOCUS ON SELECT PLAYERS (Total 96 Featured)
- Aselsan A.S.
- Autonomous Solutions, Inc.
- BAE Systems PLC
- Boston Dynamics
- Clearpath Robotics, Inc.
- Cobham PLC
- Dok-Ing D.O.O.
- ECA Group
- Endeavor Robotics
- General Dynamics Corporation
- Howe & Howe Technologies, Inc.
- ICOR Technology
- L3Harris Technologies, Inc.
- Leonardo DRS
- Lockheed Martin Corporation
- Magforce International
- Nexter Group
- Northrop Grumman Corporation
- Oshkosh Corporation
- QinetiQ North America, Inc.
- RE2, Inc.
- ReconRobotics, Inc.
- Rheinmetall AG
- Roboteam
- SuperDroid Robots Inc.
For more information about this report visit https://www.researchandmarkets.com/r/tlo1kh
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