Product ID: SQMIG20A2165
Global Unmanned Ground Vehicle Market Size, Share, Growth Analysis, By Mobility(Wheeled, Tracked), By Size(Small (10 - 200 lbs), Medium (200 - 500 lbs)), By Mode of Operation(Tethered, Teleoperated), By System(Payload, Controller System), By Application(Military, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2165 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
150 |
Figures:
78
Global Unmanned Ground Vehicle Market Regional Insights
Global Unmanned Ground Vehicle Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).
During the projected period, North America will have the largest market share and a prominent position in the global unmanned ground vehicle market. Growth in this region is primarily related to increased defence expenditure and R&D activity in the market, as well as the strong presence of leading market competitors. According to the most recent Stockholm International Peace Research Institute (SIPRI) figures, the United States' defence budget increased by $22 billion between 2020 and 2021. In addition, the United States Department of Defence (DoD) has set aside approximately $7.5 billion in fiscal year 2021 for a variety of robotic platforms and associated technologies. Department of Defence expenditure on unmanned systems technology is expected to drive growth in the North American market. In addition, the US military is aggressively procuring modern unmanned aerial vehicles (UNMANNED GROUND VEHICLEs) to combat chemical, biological, radiological, and nuclear (CBRN) threats.
Asia-Pacific is the fastest expanding region in the global unmanned ground vehicle market. China, India, Japan, South Korea, and the rest of the world are included in this region. Massive defence expenditure in China, India, and Japan is a primary driver driving the growth of the Asia-Pacific global market. Furthermore, these countries are working hard to create indigenous military systems in order to boost their defence equipment production capabilities.
The market in Europe will expand significantly as a result of increased defence spending in Russia, the United Kingdom, Germany, and other countries. Furthermore, significant players like as BAE Systems, HORIBA MIRA Ltd, QinetiQ Group Plc, and others are present. The Russian Ministry of Defense stated in April 2021 that the Russian military will deploy its first strike robot unit, five Uran-9 robotic units. The vehicle is armed with a 7.62mm PKTM machine gun, a 30mm 2A72 cannon, and two Ataka and six or twelve Shmel-M thermobaric flamethrowers.
The Middle East is expected to rise significantly as a result of increased defence spending by Saudi Arabia, Turkey, Israel, and others. A growing number of military modernization initiatives and emerging partnerships with unmanned ground vehicle manufacturers for next-generation robotic systems drive market growth in the area. During the projection period, the remainder of the globe will have moderate growth. This increase is attributable to increased defence spending and military force strengthening by various countries.
Global Unmanned Ground Vehicle Market Report Snapshots
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