How big is the Unmanned Ground Vehicle Market?

The Unmanned Ground Vehicle Market size is expected to reach USD 2.46 billion in 2024 and grow at a CAGR of 9.77% to reach USD 3.93 billion by 2029. Read More

What is the current Unmanned Ground Vehicle Market size?

In 2024, the Unmanned Ground Vehicle Market size is expected to reach USD 2.46 billion. Read More

Who are the key players in Unmanned Ground Vehicle Market?

Teledyne FLIR LLC, General Dynamics Corporation, Rheinmetall AG, Israel Aerospace Industries Ltd. and QinetiQ Group plc are the major companies operating in the Unmanned Ground Vehicle Market. Read More

Which is the fastest growing region in Unmanned Ground Vehicle Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Unmanned Ground Vehicle Market?

In 2024, the North America accounts for the largest market share in Unmanned Ground Vehicle Market. Read More

What years does this Unmanned Ground Vehicle Market cover, and what was the market size in 2023?

In 2023, the Unmanned Ground Vehicle Market size was estimated at USD 2.22 billion. The report covers the Unmanned Ground Vehicle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Unmanned Ground Vehicle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Unmanned Ground Vehicle Market Size & Share Analysis - Industry Research Report

Unmanned Ground Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Unmanned Ground Vehicle Market Report is Segmented by Application (Military and Civil and Commercial), Mobility (Wheeled, Tracked, and Legged), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Unmanned Ground Vehicle Industry Overview

The unmanned ground vehicle market is semi-consolidated. Some prominent players in the market are Teledyne FLIR LLC, General Dynamics Corporation, Rheinmetall AG, QinetiQ, and Israel Aerospace Industries Ltd. Most of the UGV procurements and developments involve local players in developing countries.

Some smaller local companies are also partnering with global players to gain technological expertise. In a relatively new market like the UGV market, the number of start-ups and smaller companies with unique technological capabilities is high. In this regard, mergers and acquisitions are also expected to help players develop their capabilities. In May 2021, Teledyne Technologies announced the successful completion of the acquisition of FLIR Systems. Also, in May 2021, AeroVironment Inc., a robotic systems manufacturer for military and public safety applications, completed its acquisition of Telerob GmbH for USD 45.4 million.

Such acquisitions will help the companies develop their product portfolios and improve their share in the market. Product innovation will also play a vital role in the players' success, as the capabilities and applications of UGVs are constantly increasing.