Global demand for unmanned ground vehicles (UGVs) to grow five-fold over next six years

DALLAS, 5 Sept. 2014. The worldwide market for unmanned ground vehicles (UGVs) will grow five-fold over the next six years, reaching $8.26 billion in 2020 compared to this year's $1.51 billion, predict analysts at market researcher MarketsandMarkets in Dallas.

Global demand for unmanned ground vehicles (UGVs) to grow five-fold over next six years
Global demand for unmanned ground vehicles (UGVs) to grow five-fold over next six years
DALLAS, 5 Sept. 2014. The worldwide market for unmanned ground vehicles (UGVs) will grow five-fold over the next six years, reaching $8.26 billion in 2020 compared to this year's $1.51 billion, predict analysts at market researcher MarketsandMarkets in Dallas.

Driving the UGV market through the end of this decade are technological advancements used to improve the UGV functionality and autonomic decision making capabilities for complex remote operations, analysts say.

In a report titled Unmanned Ground Vehicle Market, analysts break down the global UGV into three applications: defense, homeland security, and commercial. Further, they break down the market by technology, payload, type, and geography.

Related: Army considers artificial intelligence and machine learning for unmanned ground vehicles (UGVs)

UGV technologies covered are tethered, tele-operated, semi-autonomous, and fully autonomous. Payloads are fixed and role specific. Types are locomotion, size, weapons, and energy sources. Geographic submarkets covered are North America, Europe, Asia-Pacific, the Middle East, Latin America, and Africa.

The U.S. and United Kingdom account for nearly 53 percent of the global UGV supply. The U.S., U.K., Germany, and Japan contribute largely to the UGV demand, analysts say. China and India in the Asia-Pacific region are emerging markets.

Related: Army to buy TALON unmanned ground vehicles from QinetiQ for military robotic applications

The report includes leading companies, products &services, and key developments for competitor analysis. The company analysis of key players includes companies such as iRobot, Northrop Grumman, QinetiQ, Cobham, Lockheed Martin, General Dynamics, and others.

For more information contact MarketsandMarkets online at www.marketsandmarkets.com.

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