Visiongain Predicts Government Will Invest Huge Amounts on UGVs in 2011

The latest report from Visiongain about the defence sector titled ‘The Unmanned Ground Vehicles (UGV) market 2011-2021: Military Robots for EOD & Counter-IED’ provides a comprehensive overview on the UGV markets worldwide and also provides useful guidelines on how to exploit business opportunities.

The report predicts that the Government will spend approximately US $ 702 million in the year 2011 on UGVs. The major part of the expenses is the purchase of bomb disposal robots that are to be deployed with the troops stationed in Iraq and Afghanistan. Over the next few years it is expected that the volume of such urgent military requirements will reduce the explosive ordnance disposal (EOD) robots sector.

Even with the EOD platform being the predominant expense in the global UGV market, robots that are used for other roles like the border security forces or logistic support are also slowly gaining prominence. The other points dealt by the report are commercial prospects for the players who supply robotic systems and subsystems and prospects for those who seek funding for research and development of future UGVs. The report presents the global UGV market as a place that offers commercial gains for companies by working on government contracts. The companies contesting for these contracts range from prominent global defence and security system providers and integrators to exclusive autonomy software developers. The report provides an in-depth analysis and answers to questions such as how funding for robotic research will be affected by budget constraints faced by the Europe Government.

Source: http://www.visiongain.com