Posted in | News | Remote Operated Vehicle (ROV)

Unmanned Ground Vehicle Market Forecast to Grow at 32.72% CAGR to Reach $8.26 Billion by 2020

Nov 25 2014

Research and Markets 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.

Report forecasts show the market size of the UGV market to be $1.51 billion in 2014 that is expected to register a CAGR of 32.72% to reach $8.26 billion by 2020.

This report provides a market analysis for the Unmanned Ground Vehicle (UGV) market, which includes a study of UGVs in commercial applications such as: aeronautics and space, transportation, energy, industrial operations, safety, & surveillance, as well as a study of defense applications such as: CBRNE detection, mine & bomb disposal, IED disposals, ISR operations, tactical activities, & homeland security.

The report comprises various UGV types that are based on locomotion, energy sources, weapons, and size over the next six years (2014-2020). The report includes an analysis of the drivers, restraints, challenges that influence the Unmanned Ground Vehicle market, and opportunities for growth during the forecast period. It also discusses the industry, market, technological trends that currently prevail in the market, and technological advancements expected to impact the UGV demand, globally.

The product analysis includes the types of UGVs based on locomotion (wheeled, tracked, legged, articulated, wheeled/tracked), based on energy source (battery, diesel, gasoline, hybrid), weapons (weaponized, non-weaponized), and based on size (mole, micro, small, medium, large). The country-wise breakdown provides an application-level analysis, procurement & integration analysis, along with a technology-level analysis of countries in the Unmanned Ground Vehicle market.

The report provides a competitive landscape with respect to the identification of key players and their market share in this industry. Strategic profiling of key players of the UGV market, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment has been identified. The company profiles include the financial details, developments with respect to the UGV market, and their geographic trends. Key players profiled in the report are iRobot, Northrop Grumman, QinetiQ, Cobham, Lockheed Martin, General Dynamics, Oshkosh Corporation, DOK-ING Ltd, and others.

The North American market contributes largely in terms of procurement and manufacture, among the analyzed regions. The emerging economies in the Asia-Pacific regions, Latin America, and Africa are expected to be the prospective markets during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview Introductions

6 Industry Trends

7 Unmanned Ground Vehicle Market, By Product

8 Unmanned Ground Vehicles Market, By Technology, By Payloads, By Application

9 Geographic Analysis

10 Competitive Landscapes

11 Company Profiles