According to the latest report by IMARC Group, titled “Unmanned Ground Vehicles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global unmanned ground vehicles market reached a strong growth in 2019 .Unmanned ground vehicles (UGVs) operate outdoors over a wide variety of terrain without an onboard human presence. They have a set of sensors that help in observing the environment and navigating from one place to another. These vehicles either take decisions autonomously or pass the information to human operators, who are present at different locations and control the vehicle through teleoperation. UGVs are widely utilized in inconvenient, dangerous or impossible situations, especially in the military and defense sector.
Some of the key players being ASELSAN A.S. IST: (ASELS), Boston Dynamics, Cobham Plc, DOK-ING D.O.O., Endeavor Robotics, General Dynamics Corporation, Harris Corporation, ICOR Technology, Lockheed Martin Corporation, Nexter Systems, Northrop Grumman Corporation, Oshkosh Corporation, QinetiQ Group Plc, RE2 Inc., Robo-Team Ltd., etc.
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Increasing investments in the defense and military sector is one of the key factors driving the market growth across the globe. Significant growth in insurgency and terrorist activities has led governments to implement stringent regulations for ensuring national security, which is accelerated the demand for UGVs significantly. Advancements in the field of vehicle automation to undertake crucial counter-terrorist operations are acting as another major growth-inducing factor. Apart from this, the rising need for improved operational efficiency and reduced human intervention in military operations is anticipated to strengthen the market growth in the upcoming years. Looking forward, IMARC Group expects the market to register a CAGR of around 12% during 2020-2025.
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