Unmanned Ground Vehicle Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR70991
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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?

Unmanned-Ground-Vehicle-(UGV)-Market-Market-Size-2020-2025

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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?

Unmanned-Ground-Vehicle-(UGV)-Market-Market-Share-by-Region-2020-2025

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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?

Unmanned-Ground-Vehicle-(UGV)-Market-Market-Share-by-Application-2020-2025

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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.

 

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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

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 12.20%

Market growth 2021-2025

$ 1.57 billion

Market structure

Fragmented

YoY growth (%)

11.36

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 44%

Key consumer countries

US, China, India, Russian Federation, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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.

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,

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.

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Military - Market size and forecast 2020-2025
  • Commercial - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The unmanned ground vehicle (ugv) market growth will increase by $1572.32 million during 2020-2025.
The unmanned ground vehicle (ugv) market is expected to grow at a CAGR of 12.20% during 2020-2025.
Technavio has segmented the unmanned ground vehicle (ugv) market by application (Military, Commercial, and Others) and geographic (North America, Europe, APAC, MEA, and South America).
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. are a few of the key vendors in the unmanned ground vehicle (ugv) market.
North America will register the highest growth rate of 43.68% among the other regions. Therefore, the unmanned ground vehicle (ugv) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the unmanned ground vehicle (ugv) market growth are:
  • Increasing demand for autonomous systems in commercial sectors and defense
The unmanned ground vehicle (ugv) market vendors should focus on grabbing business opportunities from the military segment as it accounted for the largest market share in the base year.
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