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Global 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 5.73 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031). 

In order to maintain competitiveness, the global 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). 'General Dynamics Corporation', 'iRobot Corporation', 'Northrop Grumman Corporation', 'QinetiQ Group plc', 'Lockheed Martin Corporation', 'BAE Systems plc', 'Autonomous Solutions Inc.', 'Clearpath Robotics Inc.', 'ECA Group', 'Endeavor Robotics', 'Roboteam Ltd.', 'Nexter Group', 'SuperDroid Robots Inc.', 'Oshkosh Defense LLC', 'Cobham plc', 'Cobalt Robotics Inc.', 'Milrem Robotics', 'Rheinmetall AG', 'FLIR Systems Inc.', 'Knightscope 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.

North America held the largest market share of more than 40% in 2022 and is anticipated to continue to lead the rest of the forecast period. This can be linked to several things, such as the expanding defence budget and rising investments made by many of the region's nations—most notably the United States—in the purchase of next-generation military UGVs. For example, the US Air Force successfully deployed robot dogs, or four-legged unmanned ground vehicles, to patrol the Tyndall Air Base in March 2021.  

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Global Unmanned Ground Vehicle Market

Product ID: SQMIG20A2165