October 2023
The global unmanned ground vehicles market size accounted for USD 3.73 billion in 2022 and it is projected to attain around USD 7.8 billion by 2030, expanding at a CAGR of 9.67% between 2022 and 2030.
An unmanned ground vehicle (UGV) is a remotely controlled robotic vehicle that operates autonomously with the help of a fixed or handheld control station. It is considerably safer in hazardous situations without the need of direct input from a human. These vehicles are rapidly being used for mission-critical operations where timely operation is essential. Such operations include Intelligence, Surveillance, and Reconnaissance (ISR) and Explosive Ordinance Disposal (EOD). There is a need of reliable and uninterrupted power supply due to the significance of UGVs in critical applications. As the demand for such vehicles increases in defense and civic applications.
UGVs are seeing rapid demand from civic applications including crowd control, urban search and rescue, nuclear plant operations, firefighting, and agricultural spraying & harvesting. Also, there is wide adoption of UGVs in the defense sector for equipment carrying, manned-unmanned teaming, mobile weapons platforms, and forward reconnaissance.
Report Highlights:
Regional Snapshots:
North America held a dominant position and is predicted to be in the dominating state during the forecast period. Increasing use of UGVs for surveillance and warfare purposes coupled with continued growth in the defense budget of the U.S. mainly drives the growth of the unmanned ground vehicles market. The defense sector in this region is implementing UGVs applications such as surveying, transportation, and mapping. For instance, in July 2022, ZeroEyes, an AI-based gun detection video analytics company won a contract worth $1.2 million from the U.S.
Air Forces AFWERX directorate for the R& D of UGV automated threat detection. However, Asia-Pacific is considered as the highest-growing region in the unmanned ground vehicles market. The growth of the market in this region is mainly driven by considerable defense spending in China, India, and Japan. In addition, the rapid trend of indigenous defense systems development in the region is projected to create lucrative growth opportunities for the market.
Unmanned Ground Vehicles Market Report Scope:
Report Coverage | Details |
Market Revenue in 2023 | USD 4.09 Billion |
Projected Forecast Revenue in 2030 | USD 7.8 Billion |
Growth Rate from 2022 to 2030 | CAGR of 9.67% |
Largest Market | North America |
Base Year | 2022 |
Forecast Period | 2022 To 2030 |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Market Dynamics:
Drivers:
The increasing risk of chemical, biological, radiological, and nuclear (CBRN) threats has boosted demand for UGVs to ensure effective detection and identification. Also, in upcoming years, artificial intelligence (AI), the Internet of Things (IoT), nanotechnology, advanced materials, and remote sensing is projected to be used for speeding up reaction time in CBRN threat identification. For instance, UGVs equipped with remote sensors can detect, identify, and monitor threats rapidly and manages the consequences of CBRN attacks.
Restraints:
Unmanned ground vehicles enable remote sensing and actions in hazardous environments at a safe distance. However, there is a significant lack of advanced visual capabilities in most of the UGVs. This is due to visual information received from optical sensors which has limited fields of view and lack of depth. This factor is expected to hamper the growth of the global unmanned ground vehicles market to some extent.
Opportunities:
Ongoing research and development in the defense sector is expected to create lucrative growth opportunities for the global unmanned ground vehicles market in the upcoming years. According to the data from the Stockholm International Peace Research Institute (SIPRI), U.S. funding for military research and development increased by 24% between 2012 and 2021. This spending significantly focuses on development of next-generation technologies such as advanced military unmanned ground vehicles, thus creating lucrative growth opportunities for the market.
Challenges:
Timely operation if essential for UGVs as they are rapidly being used in mission-critical operations such as Intelligence, Surveillance, & Reconnaissance (ISR) and Explosive Ordinance Disposal (EOD) among others. In such operations, there is a significant reliance on UGV which necessitates uninterrupted and consistent power supply. Hence, the need for uninterrupted and continuous power supply in UGVs is one of the major challenges for manufacturers and end users.
Recent Developments:
Major Key Players:
Market Segmentation:
By Application
By Mobility
By Size
By Mode of Operation
By System
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