The study on the Global Unmanned Ground Vehicle Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Unmanned Ground Vehicle Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Unmanned Ground Vehicle industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Unmanned Ground Vehicle industry
The Unmanned Ground Vehicle (UGV) market size reached USD 3.10 Billion in 2021 and is expected to register a revenue CAGR of 7.1% during the forecast period to the latest analysis by Emergen Research. Increased demand for UGVs in civilian applications is one of the key factors driving market revenue growth. Civilian services include home use and rescue missions. Cleaning floors and harvesting crops are examples of home utilization. Unmanned Ground Vehicles (UGVs) are employed in rescue missions, such as in the event of a disaster.
The requirement for perimeter and border protection has raised the demand for civilian applications. In addition, autonomous UGVs are used to detect persons and analyze catastrophe damage during search and rescue operations. The environment can harm humans, such as exposure to hazardous compounds and radioactive radiation during natural disasters. Such dangerous circumstances are effectively dealt with the support of autonomous UGVs, which enable fast location of victims, rapid evaluation of losses, and prompt operations in the affected regions without risking human safety.
The wheeled segment revenue is expected to increase at a steady rate throughout the forecast period, owing to the increase in demand for wheeled mobile robots for activities where the surface is expected to be relatively even and with fewer impediments
Autonomous segment accounted for significant revenue share in 2021. The autonomous mode provides self-sufficiency, allowing them to conduct activities and carry out operations without the need for human interaction, and thus it is expected to drive revenue growth of the segment.
The small UGVs segment revenue is expected to register a steady growth rate during the forecast period. Small UGVs can be outfitted with a variety of payloads, including night-vision cameras, Chemical, Biological, Radioactive, and Nuclear (CBRN) sensors, motion detectors, manipulator arms, and grippers.
Some major companies in the market report include Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems plc, QinetiQ Ltd., RE2 Robotics Inc., Cobham PLC., Nexter System, ASI Mining LLC., Autonomous Solutions, Inc., and L3 Harris Technologies Inc.
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Unmanned Ground Vehicle Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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