Global $2.63 Billion Unmanned Ground Vehicle (Defense-ISR, EOD, Crew Integration, Commercial-Agriculture, Field, Domestic, Transport) Market 2017 - Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Unmanned Ground Vehicle Market by Application (Defense-ISR, EOD, Crew Integration, Commercial-Agriculture, Field, Domestic, Transport), Mobility (Wheeled, Tracked), Size, Component, Modes of Operation, Payload & Region - Global Forecast to 2021" report to their offering.

The unmanned ground vehicle market is estimated to be valued at USD 1.49 billion in 2016 and is projected to reach USD 2.63 billion by 2021, at a CAGR of 12.14% during the forecast period.

The increasing demand for enhanced efficiency, human safety, and the growth of terrorist activities are driving the unmanned ground vehicle market. Limited reliability of UGVs during missions and inability to predict the external environment are the restraints for this market.

The Asia-Pacific region led the unmanned ground vehicle market in 2015. The increasing terrorist activities and increasing spending by emerging economies on defense operations in this region have led to the highest share of this region in the unmanned ground vehicle market. This region is projected to grow at the highest rate during the forecast period. The Asia-Pacific region is the one of the prime centers for the increasing manufacturing base and hence the unmanned ground vehicles market for commercial applications is expected to grow during the forecast period.

Market Dynamics

Drivers

  • Demand for Enhanced Efficiency
  • Demand for Reduced Human Intervention
  • Increased Terrorist Activities Around the World

Restraints

  • UGV Reliability
  • Unpredictable External Conditions

Opportunities

  • Development of Fully Autonomous UGVs
  • Increased Military Spending By Developing Nations
  • Development of Driverless Infantry Vehicle

Challenges

  • Continuous Power Supply for UGVs

Companies Mentioned

  • Aselsan A.S.
  • Autonomous Solutions Inc.
  • BAE Systems, Inc.
  • Cobham PLC
  • Dok-Ing D.O.O.
  • General Dynamics Corporation
  • Horiba Mira
  • ICOR Technology Inc.
  • Irobot
  • Lockheed Martin Corporation
  • Mechatroniq Systems
  • Nexter Group
  • Northrop Grumman Corporation
  • Oshkosh Corporation
  • Qinetiq Group PLC.
  • RE2 Inc.
  • Robosoft

For more information about this report visit http://www.researchandmarkets.com/research/34tqwq/unmanned_ground

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Military Unmanned Systems

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Military Unmanned Systems