The unmanned ground vehicle (UGV) market has the potential to grow by USD 1.57 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.20%.
This unmanned ground vehicle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (military, commercial, and others) and geography (North America, Europe, APAC, MEA, and South America). The unmanned ground vehicle market report also offers information on several market vendors, including AeroVironment Inc., ASELSAN AS, Clearpath Robotics Inc., DevelopmentEx.com Inc., HORIBA Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., QinetiQ Group Plc, and The Boeing Co. among others.
What will the Unmanned Ground Vehicle (UGV) Market Size be in 2021?
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Unmanned Ground Vehicle (UGV) Market: Key Drivers and Trends
The increasing demand for autonomous systems in commercial sectors and defense is notably driving the UGV market growth, although factors such as the restricted battery life of the unmanned ground vehicle may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the unmanned ground vehicle industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This unmanned ground vehicle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Unmanned Ground Vehicle (UGV) Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AeroVironment Inc.
- ASELSAN AS
- Clearpath Robotics Inc.
- DevelopmentEx.com Inc.
- HORIBA Ltd.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Oshkosh Corp.
- QinetiQ Group Plc
- The Boeing Co.
The vendor landscape of the unmanned ground vehicle market entails successful business strategies deployed by the vendors. The UGV market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the unmanned ground vehicle market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Unmanned Ground Vehicle (UGV) Market?
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44% of the market’s growth will originate from North America during the forecast period. The US is a key market for unmanned ground vehicles in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rise in demand to increase operational efficiency will facilitate the unmanned ground vehicle market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
What are the Revenue-generating Application Segments in the Unmanned Ground Vehicle (UGV) Market?
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The unmanned ground vehicle market share growth by the military segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the UGV market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
What are the Key Factors Covered in this Unmanned Ground Vehicle (UGV) Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive unmanned ground vehicle market growth during the next five years
- Precise estimation of the unmanned ground vehicle market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the UGV industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of UGV market vendors
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Unmanned Ground Vehicle (UGV) Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.20% |
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Market growth 2021-2025 |
$ 1.57 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
11.36 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 44% |
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Key consumer countries |
US, China, India, Russian Federation, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AeroVironment Inc., ASELSAN AS, Clearpath Robotics Inc., DevelopmentEx.com Inc., HORIBA Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., QinetiQ Group Plc, and The Boeing Co. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |