Unmanned Ground Vehicles (UGV) Market: Global Size, Share, Growth, Analysis & Demand 2025
The demand for increased efficiency in commercial and defense operations is the key factor influencing the growth of the Unmanned Ground Vehicles (UGVs) Market.
The UGVs market is estimated to be USD 2.7 billion in 2018 and is projected to reach USD 7.0 billion by 2025, at a CAGR of 14.81% during the forecast period. The increasing demand for enhanced efficiency, human safety, and the growth of terrorist activities are expected to drive the market. However, limited reliability of UGVs during missions and the inability to predict the external environment are projected to hinder the growth of this market.
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The military segment is expected to lead the UGVs market during the forecast period.
Based on application, the military segment expected to lead the UGVs market during the forecast period. The demand for unmanned ground vehicles in the military segment is increasing due to the growing number of applications of UGVs in the defense sector for activities such as EOD, ISR, combat support, and transportation, among others.
The legged segment is expected to grow at the highest CAGR during the forecast period.
Based on mobility, the legged segment is expected to lead the UGVs market during the forecast period. Legged land robots are more versatile and can be successfully used at rough and unpredictable terrains for defense and commercial applications. Legged land robots are capable of legged locomotion, and can access traverse irregular and uneven tracks by establishing a foot contact with the ground at selected points according to terrain conditions and without great difficulty resulting in increasing demand for legged robots.
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Last Update : Jan 30, 2019
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