Posted in | News | Remote Operated Vehicle (ROV)

Global Unmanned Ground Vehicle Market Forecast to Grow at 31.34% CAGR from 2015-2019

Mar 25 2015

Technavio has announced the publication of a new report on the Global Unmanned Ground Vehicle (UGV) Market, which is expected to grow at a CAGR of 31.34 percent from 2015-2019.

About the Report

The latest report by Technavio draws attention towards the increased use of long-wave infrared radiation (LWIR) uncooled cameras in the market. Autonomous navigation is a significant requirement for the operation of UGVs, which are actually developed for both military and commercial purposes to perform tasks in difficult situations.

“Currently, LWIR cameras are the most innovative thermal imaging devices available on the market that use uncooled microbolometers to produce high-quality thermal images both during day and night,” says Faisal Ghaus, Vice President of Technavio.

The new Technavio report also emphasizes the growing inclination towards autonomous UGVs, as defense departments focus on improvements to the technology. The changing nature of military engagements and increased use of reconnaissance collected from teleoperated and semi-autonomous UGVs are driving the market to manufacture and deploy autonomous vehicles.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and the growth prospects of the Global UGV Market from 2015-2019. To calculate the market size, the report considers revenue generated globally from the sale of UGVs.

Information Covered in the Report:

Key Vendors in the UGV Market:
- Cobham plc
- General Dynamics Corp.
- iRobot Corp.
- Lockheed Martin Corp.
Market Growth Drivers in the UGV Market:
- Reduced Risk of Fatalities
- For a full detailed list, view our report.
Market Challenges in the UGV Market:
- Battery Durability Issues
- For a full detailed list, view our report.
Trends in the UGV Market:
- Increased Usage of LWIR Uncooled Cameras
- For a full detailed list, view our report.