A number of factors such as the surging use of robotics in areas affected by biological, radiological, chemical, and nuclear attacks and the burgeoning demand for autonomous systems in the commercial and defense sectors will facilitate the unmanned ground vehicles market growth during the forecast period (2021–2030). Moreover, the increasing government investments being made in the development of UGVs will also accelerate the market growth in the coming years. According to P&S Intelligence, the market generated a revenue of $2,489.2 million in 2020.
Unmanned Ground Vehicles Market Outlook |
One of the key growth drivers for the market is the booming demand for UGVs from the defense sector. The surging investments being made by governments in upgrading their defense fleets and the mounting military expenditure of several countries will fuel the adoption of UGVs in the defense industry. These vehicles are used for transportation, combat support, and search and rescue operations. For example, in March 2020, HORIBA MIRA secured a $3.25 million (GBP 2.3 million) contract to provide VIKING autonomous UGVs to the U.K. Defence Science and Technology Laboratory (Dstl).
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