New Study: Unmanned Ground Vehicles (UGV) Market - Global Forecasts to 2020

From: Fast Market Research, Inc.
Published: Tue Feb 16 2016

Unmanned Ground Vehicles (UGV) Market by Application (Defense, Commercial), Mode of Operation, Size, Mobility, Payload, and Region (North America, Europe, Asia-Pacific, Middle East, Rest of the World) - Global Forecasts to 2020

'Increasing need for operational efficiency is a major factor for increasing procurement of UGV, globally'

The global unmanned ground vehicle market is expected to grow from an estimated USD 6.44 billion in 2015 to USD 18.65 billion by 2020, at a CAGR of 23.7% from 2015 to 2020. The market for UGV is driven by the increasing demand for operational efficiency, rising commercial applications, and minimized human intervention.

Full Report Details at

'Commercial segment to witness higher growth during the forecast period'

The key applications considered for the market study are commercial and defense. The commercial segment market is estimated to grow at a higher CAGR during the forecast period, among applications, owing to increasing use of UGVs for underground mining, strip mine haulage, crop harvesting, and ship cleaning, among several others.

'North America dominates; Europe to grow at the highest rate'

The North American region dominates the global UGV market in 2015, and is expected to continue its dominance during the forecast period of 2015 to 2020. The main functions of UGVs in the North American region have been observed to be ISR (intelligence, surveillance, & reconnaissance), ensuring border security, and minimizing the risks of terrorism on domestic assets and population.

The market in Europe is projected to grow at the highest CAGR during the forecast period. With rapid advancements and adoption of defense technologies in the region, the UGV market in Europe is projected to grow significantly during the forecast period. Another key factor driving the growth of the European market is the increasing investments and development of UGVs for commercial functions such as logistics, transportation, medical support, mining, and so on.

'Break-up of profile of primary participants for the UGV Market'

* By Company Type - Tier 1 - 55 %, Tier 2 - 20% and Tier 3 - 25%
* By Designation - C level - 60%, Director level - 25%, Others - 15%
* By Region - North America - 10%, Europe - 20%, APAC - 40%, RoW - 30%

The major companies profiled in the report include Northrop Grumman (U.S.), Lockheed Martin (U.S.), iRobot (U.S.), QinetiQ Group Plc. (U.K.), Cobham Plc (U.K.), Oshkosh Corporation (U.S.), BAE Systems Plc (U.K.), and General Dynamics Corporation (U.S.), among others.

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