Global Unmanned Ground Vehicles Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Unmanned Ground Vehicles Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global unmanned ground vehicles market report has been segmented on the basis of mobility, mode of operation, application, and region.

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Global Unmanned ground vehicles Market: Overview

Unmanned ground vehicles are type of vehicle that operates on the ground without onboard human presence. Unmanned ground vehicles are specially used for operations in hazardous environment. Unmanned ground vehicles are either remotely controlled or autonomously makes decisions on the basis on provided data, gathered information and behavior. They are majorly designed for military applications such as surveillance, target acquisition, reconnaissance, and also applicable for commercial applications such mining, agriculture, construction, transportation, etc. Unmanned ground vehicles gather data by using navigation sensor, algorithms and predictions. Availability of various types of unmanned ground vehicles is making consumers more incline towards its usage.

Global Unmanned Ground Vehicles Market: Dynamics

Growing adoption of unmanned ground vehicles in defence sector is for various applications such as activating or deactivating explosives, carrying supplies, surveillance information, is a major factor driving growth of the global unmanned ground vehicles market. In addition, increasing usage of robots and autonomous systems for military and law enforcement activities is another factor supporting growth of the target market subsequently. Furthermore, increasing investment in R&D activities for development of technologically advanced and more efficient unmanned ground vehicles are some of the other factors expected to boost growth of the global unmanned ground vehicles market over the forecast period.

However, occurrence of hardware or software breakdowns is a major factor that may restrain growth of the global unmanned ground vehicles market. in addition, requirement of uninterrupted power supply to the unmanned ground vehicle is another challenging factor that could affect growth of the target market over the forecast period. Nevertheless, growing adoption of unmanned ground vehicles for commercial applications can create high revenue opportunities for players in the target market.

Global Unmanned Ground Vehicles Market: Segment Analysis

As per mobility, the legged segment is expected to account for major share in terms of revenue in the near future. As per the application, the defense segment dominates the global market in terms of revenue and expected to witness high growth over the forecast period. Use of unmanned ground vehicles for bomb disposal or other tactical operation in hazardous conditions is a key factor supporting growth of the segment in the target market.

Global Unmanned Ground Vehicles Market: Regional Analysis

Currently, market in North America accounts for significant share in terms of revenue and is expected to account for lucrative growth rate over the forecast period. High adoption of new technology coupled with presence of prominent players are major factors propelling growth of the target market in countries in the region. Market in Asia Pacific is expected to witness high growth in terms of revenue in the near future. Increasing military budget in countries such China and India in the region is also supporting growth of the target market. Middle East and Africa and Latin America are at a nascent stage in the global market and expected to register moderate growth rate over the forecast period.

Global Unmanned Ground Vehicles Market Segmentation:

Segmentation by Mobility:

Legged
Tracked
Wheeled
Hybrid

Segmentation by mode of Operation:

Teleoperated
Tethered
Autonomous

Segmentation by Application:

Law Enforcement
Military
Commercial