Posted in | News | Military Robotics

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.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Choi, Andy. (2019, February 20). Visiongain Predicts Government Will Invest Huge Amounts on UGVs in 2011. AZoRobotics. Retrieved on July 14, 2024 from https://www.azorobotics.com/News.aspx?newsID=1951.

  • MLA

    Choi, Andy. "Visiongain Predicts Government Will Invest Huge Amounts on UGVs in 2011". AZoRobotics. 14 July 2024. <https://www.azorobotics.com/News.aspx?newsID=1951>.

  • Chicago

    Choi, Andy. "Visiongain Predicts Government Will Invest Huge Amounts on UGVs in 2011". AZoRobotics. https://www.azorobotics.com/News.aspx?newsID=1951. (accessed July 14, 2024).

  • Harvard

    Choi, Andy. 2019. Visiongain Predicts Government Will Invest Huge Amounts on UGVs in 2011. AZoRobotics, viewed 14 July 2024, https://www.azorobotics.com/News.aspx?newsID=1951.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.