(PharmaNewsWire.Com, July 12, 2017 ) According to Publisher, the Global Unmanned Ground Vehicle market is estimated at $1.95 billion in 2015 and is expected to reach $14.55 billion by 2022 growing at a CAGR of 33.3% from 2015 to 2022. The robust growth of the unmanned ground vehicle (UGV) market is because of the technological advancements and other added advantages from the UGV's. Unmanned Ground Vehicles (UGV's) works in contact with the ground, with or without human involvement. The factors that are influencing the growth of the market are escalating demand from non-defense applications such as homeland security & commercial purposes, optimal performance of the unmanned ground vehicles and reduced risk of human lives. The constraints for the market are low battery life which impacts on the vehicles durability and the strength of frequency modulations which can be altered. UGVs encounter payload problems pooled with limited space, thus distressing the power supply of the batteries which affects their operational range by hindering the supply of onboard accessible energy.
Commercial segment in Application segment holds the largest share and is expected to grow at highest CAGR during forecast period owing to its usage in logistics, agriculture and more. Europe region is anticipated to show lucrative growth in unmanned ground vehicle market.
Some of the key players in the market include Northrop Grumman Corporation, Cobham PLC, General Dynamics Corporation, Oshkosh Corporation, Aselsan A.S, Dok-Ing Ltd, Nexter Group, G-NIUS Unmanned Ground Systems Ltd, Qinetiq Group PLC, Irobot Corporation, Lockheed Martin Corporation, BAE Systems, PLC, Boston Dynamics and Robotics Engineering Excellence (RE2) Inc.
Sizes Covered: - Large UGV - Medium UGV - Small UGV - Micro UGV - Other Sizes
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
Company Profiling 12.1 Northrop Grumman Corporation 12.2 Cobham PLC 12.3 General Dynamics Corporation 12.4 Oshkosh Corporation 12.5 Aselsan A.S 12.6 Dok-Ing Ltd 12.7 Nexter Group 12.8 G-NIUS Unmanned Ground Systems Ltd 12.9 Qinetiq Group PLC 12.10 Irobot Corporation 12.11 Lockheed Martin Corporation 12.12 BAE Systems, PLC 12.13 Boston Dynamics 12.14 Robotics Engineering Excellence (RE2) Inc.
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