Unmanned Ground Vehicle Market Trends

Unmanned Ground Vehicle Market size was valued at USD 2.92 Billion in 2023 and is poised to grow from USD 3.18 Billion in 2024 to USD 6.23 Billion by 2032, growing at a CAGR of 8.8% during the forecast period (2025-2032).

To maintain competitiveness, the unmanned ground vehicle market participants are heavily active in mergers and acquisitions. Major market players are concentrating on company development through the introduction of upgraded Unmanned ground vehicle and long-term contracts with military forces. Hanwha Defense will update its multi-purpose Unmanned ground vehicle for export sales in March 2021. The vehicles boosted infantry units' fighting capability and viability. XAG will also deploy the R150 Unmanned Ground Vehicle in June 2021. It is designed specifically for agricultural uses and can carry up to 150 kg (330 lbs).  'Northrop Grumman Corporation   ', 'Lockheed Martin   ', 'BAE Systems   ', 'Rheinmetall AG  ', 'QinetiQ   ', 'General Dynamics  ', 'Thales Group   ', 'Aselsan A.S.  ', 'Teledyne Technologies   ', 'Hexagon AB  ', 'Israel Aerospace Industries   ', 'ST Engineering  ', 'Elbit Systems  ', 'ECA Group  ', 'Mitsubishi Electric   ', 'LIG Nex1   ', 'Oshkosh Corp.   ', 'Hyundai Motor Company   ', 'Horiba Ltd.  ', 'Textron Inc.'

Growing need for autonomous systems for commercial and defence applications drives market expansion, as the broad range of applications for autonomous Unmanned ground vehicle is driving up demand in the defence and commercial sectors. In the agricultural industry, autonomous vehicles are utilised for soil sampling, mechanical weeding, irrigation control, crop harvesting, and precision spraying. Furthermore, these vehicles are commonly used by defence forces for combat support, intelligence, surveillance, and reconnaissance (IS) operations, among other things. As a result, rising defence procurement of sophisticated robotics is propelling market expansion. 

In recent years, significant stakeholders have started to focus the development of next-generation vehicles for efficient and dependable operations. The use of slashing technology, such as artificial intelligence in unmanned aerial vehicles, enhances vehicle performance. Intelligent unmanned autonomous systems are developed by humans and are able to carry out operations or administration without the need for advanced technologies.

Analysis by Mode of Operation