DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ccbvrw/unmanned_ground) has announced the addition of the "Unmanned Ground Vehicle Market by Application, Technology, Payload, Type & by Geography - Forecasts & Analysis (2014-2020)" report to their offering.
The global Unmanned Ground Vehicle (UGV) market is valued at $1.51 billion in 2014 and is expected to show a robust growth to reach $8.26 billion by 2020 to register a CAGR of 32.72% up to 2020.
This market research report provides the market analysis for UGVs over the next six years (2014 - 2020). It discusses the industry, market, and technology trends that are currently prevailing in the market. The UGVs are categorized on the basis of type, technology, payloads, applications, and geography. The market is also segmented based on locomotion, energy sources, weapons, and UGV size.
The unmanned ground vehicles market is moved by the reduced risks associated with the use of UGVs, increasing demand for UGVs in the commercial and defense sectors, and better technological innovations have created a demand for UGVs performing complex operations with the least amount of human intervention possible and better safety.
The success of UGVs in combat performances proves the reliability of UGVs in emergency situations. This is expected to be adopted by the Military for activities in the countries of the Asia-Pacific region. Reduced defense budgets in the North American and European countries in the recent years are expected to hamper the growth of this market. The limited endurance for batteries and its incapability to perform longer duration missions is expected to restrain the market. There is huge scope for research and development of UGVs in increasing the operational efficiency and providing complete autonomy. Investments are made by growing regions to adopt autonomous control systems for various applications.
North America accounted for 50.3% of the Unmanned Ground Vehicle Market in 2014. Large scale UGV production and demand in the U.S. and Canada will continue to influence the share of these countries in the UGV market over the forecast period.
iRobot, Northrop Grumman, and Qinetiq are the key players for the UGVs globally and account for more than 50% of the total market share. Companies such as Lockheed Martin, Cobham (U.S.), ST engineering (Singapore), G-Nius (Russia), and DOK-ING (U.K) are other prominent players in the Unmanned Ground Vehicle market.
- Homeland Security
- Role Specific
- Energy Source
- Aselsan A.S.
- BAE Systems Plc
- Cobham PLC
- Dok-Ing Ltd
- G-NIUS Unmanned Ground Systems Ltd
- General Dynamics Corporation
- Irobot Corporation
- Lockheed Martin Corporation
- Nexter Group
- Northrop Grumman Corporation
- Oshkosh Corporation
- Qinetiq Group PLC
- RE2 Inc.
- Singapore Technologies Engineering Ltd (St Engineering)
For more information visit http://www.researchandmarkets.com/research/ccbvrw/unmanned_ground