Showing posts with label Unmanned Ground Vehicles Market. Show all posts
Showing posts with label Unmanned Ground Vehicles Market. Show all posts

How Is Defense Sector Fueling Unmanned Ground Vehicles Market Growth?

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).

Globally, North America will account for the largest share in the unmanned ground vehicles market during the forecast period, with the U.S. contributing the highest revenue to the regional market. The presence of the world's leading manufacturers, users, and exporters of unmanned military systems in the U.S. contribute to the growth of the market in the region. Both North American countries are awarding major contracts to the leading unmanned ground vehicle manufacturers for procuring combat-capable UGVs. For instance, the U.S. has deployed numerous unmanned systems along the Mexico border to ensure that civilians don’t get hurt in gang-related disputes and violence.

Thus, the surging use of UGVs in the defense sector and rising advancements in autonomous UGV technology will support the market growth in the coming years. 


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