Market Size of Military Unmanned Ground Vehicle Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.73 Billion |
Market Size (2029) | USD 2.68 Billion |
CAGR (2024 - 2029) | 9.07 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Military Unmanned Ground Vehicle Market Analysis
The Military Unmanned Ground Vehicle Market size is estimated at USD 1.73 billion in 2024, and is expected to reach USD 2.68 billion by 2029, growing at a CAGR of 9.07% during the forecast period (2024-2029).
As per the Stockholm International Peace Research Institute (SIPRI), global military spending increased by 2.6% to reach USD 2.2 trillion in 2022. A significant portion of this defense expenditure was used for the procurement of unmanned systems to reduce the threat to the lives of human assets.
There is a growing use of UGVs to carry out counter-insurgency and combat operations. It is primarily to reduce human casualties in such situations. UGVs are also being used in various missions to enhance military situational awareness in urban warfare in conjunction with UAVs. Technological advancements, in terms of payloads and electronics, are expected to augment the rapid growth of the market studied. The market studied is still in the early stages in several developing countries in terms of its mass adoption and usage.
Military Unmanned Ground Vehicle Industry Segmentation
Military unmanned ground vehicles are robotic systems that operate on land without a human operator onboard. These vehicles are used for various military applications, particularly in environments that are hazardous or unpleasant to humans and for tasks that are difficult or pose unacceptable risks. They can be autonomous or remotely operated.
The military unmanned ground vehicle market is segmented by application, mobility, and geography. By application, the market is segmented into combat, intelligence, surveillance, and reconnaissance (ISR), and explosive disposal. By mobility, the market is segmented into wheeled and tracked. The report also covers the market sizes and forecasts for the military unmanned ground vehicles market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
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ISR | |
Explosive Disposal |
Mobility | |
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Tracked |
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Military Unmanned Ground Vehicle Market Size Summary
The military unmanned ground vehicle (UGV) market is poised for significant growth, driven by increasing global military expenditures and the rising demand for advanced unmanned systems. This market is characterized by its early-stage development in several developing regions, with a focus on enhancing military situational awareness and reducing human casualties in combat operations. Technological advancements in payloads and electronics are expected to further propel market expansion. The intelligence, surveillance, and reconnaissance (ISR) segment is anticipated to experience the highest growth rate, as defense companies collaborate with government agencies to develop UGVs that provide critical support for military missions. The integration of advanced technologies for improved data acquisition and target identification is also a key area of investment, with companies like Milrem Robotics leading the way in developing autonomous ISR UGVs.
The Asia-Pacific region is projected to witness the highest growth in the military UGV market, fueled by increased defense spending and demand for unmanned systems in countries such as China, India, South Korea, and Japan. Rising geopolitical tensions and cross-border conflicts in the region are driving the procurement of advanced defense systems. Initiatives like India's 'Make in India' are supporting local defense manufacturers in developing advanced UGVs. The market is fragmented, with key players such as QinetiQ Group, Israel Aerospace Industries, General Dynamics, Rheinmetall AG, and L3Harris Technologies actively developing new UGVs and exploring partnerships or acquisitions to enhance their market presence. Recent developments, such as Ghost Robotics' delivery of quadrupedal UGVs to Japan and Teledyne FLIR Defense's substantial order from the U.S. Armed Services, highlight the ongoing advancements and strategic investments in this sector.
Military Unmanned Ground Vehicle Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Combat
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2.1.2 ISR
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2.1.3 Explosive Disposal
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2.2 Mobility
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2.2.1 Wheeled
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2.2.2 Tracked
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 France
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2.3.2.3 Germany
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2.3.2.4 Russia
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Rest of Latin America
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2.3.5 Middle-East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Israel
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2.3.5.5 Rest of Middle-East and Africa
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Military Unmanned Ground Vehicle Market Size FAQs
How big is the Military Unmanned Ground Vehicle Market?
The Military Unmanned Ground Vehicle Market size is expected to reach USD 1.73 billion in 2024 and grow at a CAGR of 9.07% to reach USD 2.68 billion by 2029.
What is the current Military Unmanned Ground Vehicle Market size?
In 2024, the Military Unmanned Ground Vehicle Market size is expected to reach USD 1.73 billion.