3.07 billion In 2023 and is projected to grow to USD 6.35 8.6% in supply transport, explosive disposal, and military applications.
Key Players in the Market
The report from Fortune Business Insights™ highlights several major companies in the UGV sector:
BAE Systems (U.K.)
Salesman A.S. (Turkey)
Lockheed Martin Business for sale Oregon (U.S.)
General Dynamics Business for sale Oregon (U.S.)
L3 Harris Technology, Inc (U.S.)
Oshkosh Defense LLC (U.S.)
Rheinmetall AG (Germany)
Teledyne FLIR LLC (U.S.)
QinetiQ (U.K.)
Northrop Grumman Business for sale Oregon (U.S.)
Market Segmentation
EOD UGV Segment: This segment, focused on Explosive Ordnance Disposal, is expected to grow significantly due to rising demand for explosive disposal services.
Tracked UGVs Segment: Growth in this segment is driven by increased defense spending and contracts for next-generation tracked UGVs.
Size Segmentation: The small UGV segment (10-200 lbs) is anticipated to grow substantially, fueled by the rising demand for lightweight robots in both commercial and military sectors.
Geographic Insights
The UGV market is divided into regions, including North America, Europe, Asia Pacific, and others. North America is leading the market thanks to its high defense budget. The Asia Pacific region, especially China and India, is also expected to grow significantly due to rising defense expenditures.
Market Drivers and Challenges
The demand for autonomous systems in commercial and defense sectors is a major driver of market growth. Agriculture increasingly uses these vehicles for tasks like irrigation and crop management. However, challenges such as reliability issues and budget cuts in some defense sectors may hinder market progress.
Competitive Landscape
Key market players are implementing various strategies, including mergers, collaborations, and increased investment in research and development, to strengthen their positions.
Recent Developments
In January 2022, QinetiQ entered a five-year sales agreement with Teledyne Liar, Inc. to enhance its UGV portfolio with advanced perception and mapping capabilities using Teledyne’s sensors. This report comprehensively overviews the trends and strategies shaping the unscrewed ground vehicles market from 2024 to 2032.
