Explosive Ordnance Disposal (EOD) can be defined as the tools and equipment used to detect, dispose and provide protection during explosive disposal operations.
0 notes
Military Ground Vehicle Propulsion System | Key Market Insights
As per Triton Market Research, the Global Military Ground Vehicle Propulsion System Market report is segmented by Vehicle Type (Fighting Vehicles, Combat Tanks, Self-Propelled Artillery, Small UGV Robots), Technology (Conventional Propulsion System, Electric Propulsion System, Hybrid Propulsion System, Plug-In Hybrid Electric Propulsion System), Application (Mining, Explosive Ordnance Disposal (EOD), Intelligence, Surveillance, and Reconnaissance (ISR), Logistics and Support, Combat Support, Other Applications), and Regional Outlook (Asia-Pacific, Europe, North America, Middle East and Africa, Latin America).
The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
According to Triton’s research report, the global market for military ground vehicle propulsion system is expected to progress with a CAGR of 5.25% in revenue over the forecasting period 2024-2032.
Military ground vehicle propulsion systems are important components that generate the required power to propel tactical and armored military vehicles. These systems impact the agility, mobility, and overall performance of military ground vehicles in harsh operational surroundings.
Amidst rising geopolitical tensions, an increasing need for modern warfare techniques and technological advancements in electric and hybrid propulsion systems drive the growth of the studied market. Moreover, improving fuel efficiency to reduce the environmental impact and integrating AI to enhance the autonomous operations of military ground vehicles together influence the market progress.
However, the acquisition and development costs regarding advanced propulsion technologies obstruct the market growth. The biggest obstacle for manufacturers is the need for standardization across versatile military platforms, stringent regulations, and export limitations on defense technologies also hampers the expansion of the military ground vehicle propulsion system market.
In spite of these challenges, there is an increasing demand for electric and hybrid propulsion systems, which creates opportunities for the market players. As the military forces prioritize unmanned ground vehicles, there is a need to develop propulsion systems with highly advanced automation.
The major competitive companies in the studied market are Bae Systems, L3harris Technologies Inc, Cummins Inc, Caterpillar Inc, Oshkosh Corporation, Rheinmetall AG, Epsilor-Electric Fuel Ltd, General Dynamics, Northrop Grumman Corporation, Daimler AG, Israel Aerospace Industries Ltd, Lockheed Martin Corporation, General Motors Company, and Qinetiq Group.
Additionally, the need for developing strategic partnerships and improving defense forces provide new avenues for emerging market players to diversify their products. Similarly, tapping into regional markets can be another competitive edge for the stakeholders.
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Global Military Robotic and Autonomous System (RAS) Market Analysis 2024 – Estimated Market Size And Key Drivers
The Military Robotic and Autonomous System (RAS) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Military Robotic and Autonomous System (RAS) Global Market Report 2024, The military robotic and autonomous system (ras) market size has grown steadily in recent years. It will grow from $18.62 billion in 2023 to $19.05 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%.
The military robotic and autonomous system (ras) market size is expected to see marginal growth in the next few years. It will grow to $20.45 billion in 2028 at a compound annual growth rate (CAGR) of 1.8%.
The rise in the defense budget is expected to propel the growth of the military robotic and autonomous systems (RAS) market going forward. A defense budget refers to the financial plan and resources allocated to a country's military forces for various purposes, such as research, development, acquisition, and sustainment of military equipment, technologies, and capabilities. The defense budget includes funding for the development, integration, and procurement of RAS technologies to enhance military capabilities and improve operational efficiency.
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The military robotic and autonomous system (ras) market covered in this report is segmented –
1) By Platform: Unmanned Aircraft Systems, Unmanned Ground and Robotic Systems, Unmanned Maritime Systems
2) By Operation: Remote Controlled, Semi-Autonomous, Fully Autonomous
3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Combat Operation, Target Acquisition, Logistics, Mine Clearance, Explosive Ordnance Disposal (EOD), and Chemical, Biological, Radiological, and Nuclear (CBRN), Infantry Support, Other Applications
Major companies operating in military robotic and autonomous systems (RAS) are investing in various fields of military including robotic and autonomous systems to gain a competitive edge in the market. Military RAS can enhance operational effectiveness by performing tasks that are dangerous, tedious, or time-consuming for human soldiers. Investments in RAS can lead to the creation of systems that can conduct surveillance, reconnaissance, and other critical missions with increased efficiency and reduced risk to human personnel.
The military robotic and autonomous system (ras) market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Unmanned Ground Vehicles Market Analysis 2030
The global unmanned ground vehicles market size was valued at USD 2.66 billion in 2022. The market is anticipated to expand from USD 3.07 billion in 2023 to USD 5.26 billion by 2030, exhibiting a CAGR of 8.0% over the study period. The surge is on account of the growing product adoption in carrying supplies, assisting in explosive deactivation, and in the defense sector.
Fortune Business Insights™ provides this information in its research report, titled “Unmanned Ground Vehicles Market, 2023-2030”.
List of Key Players Mentioned in the Report:
BAE Systems (U.K.)
Aselsan A.S. (Turkey)
Lockheed Martin Corporation (U.S.)
General Dynamics Corporation (U.S.)
L3 Harris Technology, Inc (U.S.)
Oshkosh Defense LLC (An Oshkosh Corporation Company) (U.S.)
Rheinmetall AG (Germany)
Teledyne FLIR LLC. (U.S.)
QinetiQ (U.K.)
Northrop Grumman Corporation (U.S.)
Browse Detailed Summary of Research Report:
Russia-Ukraine War Impact:
Market Growth Propelled by Soaring Investments in Strengthening Armed Forces
The Russia-Ukraine war led various countries to strengthen their defense forces. Several countries in Europe enhanced their defense expenditure. The war also recorded an upsurge in the deliveries of next-generation remote control UGVs to Ukraine from NATO countries. These factors are expected to augur well for the market, propelling industry expansion over the forthcoming years.
Segments:
EOD UGVs Segment to Register Notable Upsurge Considering Rising Product Deployment
Based on type, the market is categorized into combat UGV, combat support UGV, reconnaissance UGV, ISR UGV, and Explosive Ordnance Disposal (EOD) UGV. The Explosive Ordnance Disposal (EOD) UGV segment is estimated to register a dominating share, exhibiting substantial expansion over the study period. The surge is impelled by the increasing explosive disposal demand across various regions.
Tracked UGVs Segment to Record Considerable Expansion Owing to Growing Number of Procurement Contracts
By mobility, the market for unmanned ground vehicles is fragmented into wheeled, legged, tracked, and hybrid. The tracked segment is poised to register appreciable expansion over the study period. The upsurge is credited to the soaring defense expenditure and procurement of next-generation tracked UGVs.
Small (10-200 lbs) Segment to Depict Substantial Surge Driven by Soaring Product Demand
On the basis of size, the market is subdivided into small (10-200 lbs), medium (200 - 500 lbs), large (500 - 1000 lbs), very large (1000- 2000 lbs), and extremely large (>2000 lbs). The small (10-200 lbs) segment is estimated to register considerable expansion over the projected period. The surge is driven by the escalating demand for small and lightweight robots for commercial and military applications.
Based on geography, the market for unmanned ground vehicles is segmented into Europe, Asia Pacific, North America, and the rest of the world.
Report Coverage:
The report gives an analysis of the vital trends driving the global business scenario over the forecast period. It further provides an insight into the major drivers augmenting the market share over the coming years. In addition, the report gives an overview of the key strategies adopted by leading companies for establishing a strong market footing.
Drivers and Restraints:
Soaring Autonomous Systems Demand for Commercial and Defense Applications
One of the major factors boosting the unmanned ground vehicles market growth is the soaring product demand from the commercial and defense sectors. Autonomous vehicles are deployed in the agriculture sector for irrigation management, mechanical weeding, soil sampling, precision spraying, and crop harvesting.
However, reliability and bandwidth related issues and reduction in the defense budgets of some countries could hamper market growth to a considerable extent.
Regional Insights:
North America to Ace the Market Impelled by Rising Military Spending
North America accounted for a dominating share in the market. The region has recorded the highest defense budget, owing to which the North America unmanned ground vehicles market share is expected to exhibit lucrative expansion over the projected period.
The Asia Pacific market is poised to grow at a commendable rate over the study period. The upsurge is due to an escalation in the defense budgets of China and India.
Competitive Landscape:
Major Market Players Formulate New Strategies to Gain Strong Footing
Eminent market participants are devising new strategies for establishing a strong foothold in the industry. Some of the adopted initiatives comprise merger agreements, collaborations, and the formation of alliances. Besides, companies are also keen to invest in research and development activities for securing a competitive edge in the market.
Key Industry Development:
January 2022 – QinetiQ signed a five-year sales agreement with Velodyne Lidar, Inc. for its sensors. QinetiQ selected Velodyne’s sensors to provide perception and mapping capabilities across its Unmanned Ground Vehicle (UGV) portfolio. QinetiQ will use Velodyne Lidar’s next-generation sensors as part of its open architecture approach to unmanned systems.
0 notes
Global Military Robots Market Insights
Military Robots Market size was valued at USD 19.08 billion in 2021 and is
poised to grow from USD 20.63 billion in 2022 to USD 38.79 billion by 2030,
growing at a CAGR of 8.2% in the forecast period (2023-2030).
Military robots are self-driving or remotely controlled robots that are used for
military purposes ranging from transportation to search and rescue to attack.
Some of these systems are already in use, and many more are being
developed. The evolving nature of combat, as well as the monetary value
placed on war losses, have bolstered the use of robots in recent wars. Because
of the high number of casualties in previous wars, most governments have
invested in new unmanned systems to keep a fleet of UAVs, UUVs, and UGVs on
hand for critical missions. Countries are collaborating to develop new vehicles
capable of overcoming obstacles and assisting ground troops in future
warfare using advanced robotics technology.
Furthermore, the industry's major players are supported by government
agencies that make significant investments, allowing them to spend more on
R&D, allowing corporations to consistently develop and create more efficient
and advanced technology. The growing trend of combining humans and
robots on the battlefield is expected to hasten the development of unmanned
military weapons. Robots can perform tasks more quickly and precisely,
reducing the number of casualties during combat. The incorporation of
technology in military robots such as artificial intelligence, real-time data
monitoring, and the Internet of Things (IoT) has significantly changed the
dynamics of modern combat. Soldiers' unpredictable threat can be easily
identified and tracked by AI-integrated robots on air, ground, and sea
platforms.
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Analysis:
Global Military Robots Market Segmental
Analysis
Military Robots Market is segmented based on type, platform, system,
deployment method, range, end user, mode of operations, propulsion. Based
on type, Military Robots Market is segmented as Land, Marine, and Airborne.
Based on platform market is segmented as Land Robots (Wheeled, Tracked,
Legged, Wearable), Marine Robots (Unmanned Surface Vehicles (USV),
Autonomous Underwater Vehicles (AUV), Remotely Operated Vehicles (ROV)),
Airborne Robots (Small UAV, Tactical UAV, Strategic UAV, Unmanned Combat
Aerial Vehicle (UCAV)), Land (Intelligence, Surveillance, and Reconnaissance
(ISR), Search and rescue, Combat support, Transportation, Explosive ordnance
disposal (EOD), Mine clearance, Firefighting, Others), Marine (Intelligence,
Surveillance, and Reconnaissance (ISR), Search and Rescue, Combat Support,
Mine Clearance, Firefighting, Others), Airborne (Intelligence, Surveillance and
Reconnaissance (ISR), Search and Rescue, Combat Support). Based on system
market is segmented as Land (Payloads (Sensors, Radars, Lasers, Cameras,
Manipulator Arms, Land Combat systems), Controller Systems, Navigation
Systems, Power Systems, Others) Marine (Cameras, Sensors and Radars,
Lighting Systems, Navigation Systems, Power Systems, Naval Combat Systems,
Others), Airborne (Payloads (UAV Cameras, UAV CBRN Sensors, UAV Electronics
Intelligence Payloads, UAV Radar, UAV Combat Systems), Sensors, Navigation
Systems, Communication Systems, Propulsion Systems, Power Systems,
Others). Based on deployment method Military Robots Market is segmented as
Land (Hand-Tossed, Ground Launched, Air dropped), Marine (Tube Launched,
Surface Deployed, Air Dropped), Airborne (Catapult Launched, Hand Launched,
Air Launched, Runway Launched). Based on range Military Robots Market is
segmented as Land (< 1 KM, 1–5 KM, > 5 KM), Airborne (Visual Line of Sight (VLOS),
Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), Marine (< 5
KM, 5–10 KM, > 10 KM). based on end use Military Robots Market is segmented
as Intelligence, Surveillance, reconnaissance (ISR), Search and rescue, Combat
support, Transportation, Explosive ordinance disposal (EOD), Mine clearance,
Firefighting. Based on mode of operations market is segmented as Human
Operated (Tethered, Untethered), Autonomous (Fully Autonomous, Semi-
Autonomous). Based on propulsion Military Robots Market is segmented as
electric, mechanical, hybrid. Based on region Military Robots Market is
segmented into North America, Asia Pacific, Europe, Latin America and Middle
East Africa.
Military Robots Market Analysis by End Use:
ISR activities to dominate the global market. Based on end use, the market is
divided into intelligence, surveillance and reconnaissance, search and rescue,
combat support, transportation, and others.
The intelligence, surveillance, and reconnaissance market segment is
expected to be the largest in 2019. During the forecast period, the segment is
also expected to be the fastest-growing. The increase is attributed to an
increase in ISR activities in North America and Asia. For aerial and ground
operations, the major countries' defence forces in these regions rely heavily on
unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVS).
Similarly, for naval operations, unmanned surface vehicles (USVS),
autonomous underwater vehicles (AUVs), and remotely operated vehicles
(ROVS) are used.
Top Players in the Global Military Robots Market
• Lockheed Martin Corporation
• General Dynamics Corporation
• BAE Systems plc
• Northrop Grumman Corporation
• Boeing Company
• iRobot Corporation
• QinetiQ Group plc
• AeroVironment, Inc.
• SAAB AB
• Elbit Systems Ltd.
• Boston Dynamics, Inc.
• FLIR Systems, Inc.
• Raytheon Company
• Turkish Aerospace Industries Inc.
• Leonardo S.p.A.
• Rheinmetall AG
• Thales Group
• Textron Inc.
• Kongsberg Gruppen ASA
• Roboteam Ltd
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U.S Programmable Oscillators Market 2022 trends: with Descriptive Analysis { Cypress, Maxim Integrated, Silicon Labs, SiTime Corporation }
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Unmanned Ground Vehicle Market is projected to expand at a steady CAGR over the forecast by 2031 | Armtrac Inc., Autonomous Solutions Inc. (ASI), Clearpath Robotics Inc.
Global Unmanned Ground Vehicle Market report from Global Insight Services is the single authoritative source of intelligence on Unmanned Ground Vehicle Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An unmanned ground vehicle (UGV) is a vehicle that operates while in contact with the ground and without an onboard human presence. UGVs can be used for many applications including mine detection, explosive ordnance disposal (EOD), and reconnaissance.
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Key Trends
The key trends in Unmanned Ground Vehicle technology are miniaturization, autonomy, and electrification.
Miniaturization is necessary for unmanned ground vehicles (UGVs) to be able to operate in constrained environments such as urban areas and indoors. This trend is also driven by the need for UGVs to be lighter and more portable so that they can be deployed in a wider range of scenarios. Autonomy is another key trend in UGV technology. This is necessary for UGVs to be able to operate independently and without constant supervision from a human operator. This trend is driven by the need for UGVs to be able to operate in dangerous or difficult environments where it is not possible or safe for a human operator to be present.
Key Drivers
Some of the key drivers of the Unmanned Ground Vehicle (UGV) market include the increasing demand for UGVs in military applications, the growing demand for UGVs in commercial applications, and the increasing investments in the development of UGVs. The military is the largest end-user of UGVs, and the demand for UGVs in military applications is driven by the need for increased situational awareness, improved force protection, and increased accuracy of weapons systems. The U.S. military is the largest market for UGVs, followed by the militaries of China, Russia, and Israel.
Market Segments
By Application
Defense
By Size
Small
By Mode of Locomotion
Tracked
Wheeled
By Operation
Teleoperated
Autonomous
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Key Players
Armtrac Inc.
Autonomous Solutions Inc. (ASI)
Clearpath Robotics Inc.
DOK-ING Ltd.
General Dynamics Corporation
GESAR INC.
Horiba Mira Ltd.
ICOR Technology
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In-depth segmentation which can be customized as per your requirements
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Robust and transparent research methodology
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
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Military Ground Vehicle Propulsion System | Key Market Insights
As per Triton Market Research, the Global Military Ground Vehicle Propulsion System Market report is segmented by Vehicle Type (Fighting Vehicles, Combat Tanks, Self-Propelled Artillery, Small UGV Robots), Technology (Conventional Propulsion System, Electric Propulsion System, Hybrid Propulsion System, Plug-In Hybrid Electric Propulsion System), Application (Mining, Explosive Ordnance Disposal (EOD), Intelligence, Surveillance, and Reconnaissance (ISR), Logistics and Support, Combat Support, Other Applications), and Regional Outlook (Asia-Pacific, Europe, North America, Middle East and Africa, Latin America).
The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
According to Triton’s research report, the global market for military ground vehicle propulsion system is expected to progress with a CAGR of 6.45% in revenue over the forecasting period 2024-2032.
Military ground vehicle propulsion systems are important components that generate the required power to propel tactical and armored military vehicles. These systems impact the agility, mobility, and overall performance of military ground vehicles in harsh operational surroundings.
Amidst rising geopolitical tensions, an increasing need for modern warfare techniques and technological advancements in electric and hybrid propulsion systems drive the growth of the studied market. Moreover, improving fuel efficiency to reduce the environmental impact and integrating AI to enhance the autonomous operations of military ground vehicles together influence the market progress.
However, the acquisition and development costs regarding advanced propulsion technologies obstruct the market growth. The biggest obstacle for manufacturers is the need for standardization across versatile military platforms, stringent regulations, and export limitations on defense technologies also hampers the expansion of the military ground vehicle propulsion system market.
In spite of these challenges, there is an increasing demand for electric and hybrid propulsion systems, which creates opportunities for the market players. As the military forces prioritize unmanned ground vehicles, there is a need to develop propulsion systems with highly advanced automation.
The major competitive companies in the studied market are Bae Systems, L3harris Technologies Inc, Cummins Inc, Caterpillar Inc, Oshkosh Corporation, Rheinmetall AG, Epsilor-Electric Fuel Ltd, General Dynamics, Northrop Grumman Corporation, Daimler AG, Israel Aerospace Industries Ltd, Lockheed Martin Corporation, General Motors Company, and Qinetiq Group.
Additionally, the need for developing strategic partnerships and improving defense forces provide new avenues for emerging market players to diversify their products. Similarly, tapping into regional markets can be another competitive edge for the stakeholders.
0 notes
Unmanned Ground Vehicles Market Share, Industry Analysis 2030
The global unmanned ground vehicles market size was valued at USD 2.66 billion in 2022. The market is anticipated to expand from USD 3.07 billion in 2023 to USD 5.26 billion by 2030, exhibiting a CAGR of 8.0% over the study period. The surge is on account of the growing product adoption in carrying supplies, assisting in explosive deactivation, and in the defense sector.
Fortune Business Insights™ provides this information in its research report, titled “Unmanned Ground Vehicles Market, 2023-2030”.
List of Key Players Mentioned in the Report:
BAE Systems (U.K.)
Aselsan A.S. (Turkey)
Lockheed Martin Corporation (U.S.)
General Dynamics Corporation (U.S.)
L3 Harris Technology, Inc (U.S.)
Oshkosh Defense LLC (An Oshkosh Corporation Company) (U.S.)
Rheinmetall AG (Germany)
Teledyne FLIR LLC. (U.S.)
QinetiQ (U.K.)
Northrop Grumman Corporation (U.S.)
Browse Detailed Summary of Research Report:
Russia-Ukraine War Impact:
Market Growth Propelled by Soaring Investments in Strengthening Armed Forces
The Russia-Ukraine war led various countries to strengthen their defense forces. Several countries in Europe enhanced their defense expenditure. The war also recorded an upsurge in the deliveries of next-generation remote control UGVs to Ukraine from NATO countries. These factors are expected to augur well for the market, propelling industry expansion over the forthcoming years.
Segments:
EOD UGVs Segment to Register Notable Upsurge Considering Rising Product Deployment
Based on type, the market is categorized into combat UGV, combat support UGV, reconnaissance UGV, ISR UGV, and Explosive Ordnance Disposal (EOD) UGV. The Explosive Ordnance Disposal (EOD) UGV segment is estimated to register a dominating share, exhibiting substantial expansion over the study period. The surge is impelled by the increasing explosive disposal demand across various regions.
Tracked UGVs Segment to Record Considerable Expansion Owing to Growing Number of Procurement Contracts
By mobility, the market for unmanned ground vehicles is fragmented into wheeled, legged, tracked, and hybrid. The tracked segment is poised to register appreciable expansion over the study period. The upsurge is credited to the soaring defense expenditure and procurement of next-generation tracked UGVs.
Small (10-200 lbs) Segment to Depict Substantial Surge Driven by Soaring Product Demand
On the basis of size, the market is subdivided into small (10-200 lbs), medium (200 - 500 lbs), large (500 - 1000 lbs), very large (1000- 2000 lbs), and extremely large (>2000 lbs). The small (10-200 lbs) segment is estimated to register considerable expansion over the projected period. The surge is driven by the escalating demand for small and lightweight robots for commercial and military applications.
Based on geography, the market for unmanned ground vehicles is segmented into Europe, Asia Pacific, North America, and the rest of the world.
Report Coverage:
The report gives an analysis of the vital trends driving the global business scenario over the forecast period. It further provides an insight into the major drivers augmenting the market share over the coming years. In addition, the report gives an overview of the key strategies adopted by leading companies for establishing a strong market footing.
Drivers and Restraints:
Soaring Autonomous Systems Demand for Commercial and Defense Applications
One of the major factors boosting the unmanned ground vehicles market growth is the soaring product demand from the commercial and defense sectors. Autonomous vehicles are deployed in the agriculture sector for irrigation management, mechanical weeding, soil sampling, precision spraying, and crop harvesting.
However, reliability and bandwidth related issues and reduction in the defense budgets of some countries could hamper market growth to a considerable extent.
Regional Insights:
North America to Ace the Market Impelled by Rising Military Spending
North America accounted for a dominating share in the market. The region has recorded the highest defense budget, owing to which the North America unmanned ground vehicles market share is expected to exhibit lucrative expansion over the projected period.
The Asia Pacific market is poised to grow at a commendable rate over the study period. The upsurge is due to an escalation in the defense budgets of China and India.
Competitive Landscape:
Major Market Players Formulate New Strategies to Gain Strong Footing
Eminent market participants are devising new strategies for establishing a strong foothold in the industry. Some of the adopted initiatives comprise merger agreements, collaborations, and the formation of alliances. Besides, companies are also keen to invest in research and development activities for securing a competitive edge in the market.
Key Industry Development:
January 2022 – QinetiQ signed a five-year sales agreement with Velodyne Lidar, Inc. for its sensors. QinetiQ selected Velodyne’s sensors to provide perception and mapping capabilities across its Unmanned Ground Vehicle (UGV) portfolio. QinetiQ will use Velodyne Lidar’s next-generation sensors as part of its open architecture approach to unmanned systems.
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Explosive Ordnance Disposal (Eod) Equipment Market Expected To Exhibit A 4.6% CAGR Over 2015 – 2023 The global market for explosive ordnance disposal equipment is predicted to witness a positive growth over the coming years.
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Unmanned Ground Vehicles Market Size, Key Company Analysis, Regional Estimates and Global Trend Outlook
The global Unmanned Ground Vehicles Market size is projected to grow from USD 2.3 billion in 2020 to USD 4.5 billion by 2030, at a CAGR of 7.0% from 2020 to 2030. The market is driven by various factors, such as the growing demand for autonomous systems in commercial and military sectors, increasing use of robots in areas affected by chemical, biological, radiological, and nuclear defense (CBRN) attacks.
The unmanned ground vehicle market includes major players Lockheed Martin (US), QinetiQ (UK), Cobham (UK), Northrop Grumman (US), and RE2 (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect unmanned ground vehicle production by 7–10% globally in 2020.
Increasing demand for wheeled robots is driving the growth of Wheeled UGVs
The wheeled segment is expected to be the largest market by value. The growth of the wheeled segment of the unmanned ground vehicle market can be attributed to the growing demand for wheeled robots for applications where the terrain can be expected to be relatively even with fewer obstacles.
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The small UGV segment is projected to witness a higher CAGR during the forecast period
Based on the size, the small UGV segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. These UGVs are provided with capabilities to carry out missions related to Explosive Ordnance Disposal (EOD), counter IED, Intelligence, Surveillance and Reconnaissance (ISR) missions, Toxic Industrial Chemicals (TIC), and Toxic Industrial Materials (TIM) reconnaissance missions. Small UGVs can be fit with various payloads, such as night-vision camera, Chemical, Biological, Radioactive, and Nuclear (CBRN) sensors, motion detectors, manipulator arms, and grippers.
The autonomous segment is projected to witness a higher CAGR during the forecast period
Based on the mode of operation, the autonomous segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. The autonomous mode enables self-sufficiency, and thus they can perform tasks and execute operations without any human intervention. Advanced capabilities, such as secure communications and control, autonomous path following and obstacle avoidance, automatic target tracking, and data compression in UGVs, are expected to aid the military in Reconnaissance, Surveillance and Target Acquisition (RSTA) missions.
Based on the application, the federal law enforcement segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. Various federal law enforcement agencies around the world such as Federal Bureau of Investigation (FBI) (US), Police of Russia (politsiya) (Russia), Ministry of Defence Police (UK), Central Bureau of Investigation (CBI) (India), and, Ministry of Public Security (China), among others are using UGVs for Intelligence, Surveillance, and Reconnaissance (ISR) and Explosive Ordnance Disposal (EOD) activities. UGVs are used extensively by these agencies for critical missions and have resulted in saving countless lives. The increasing threats from terrorist activities have made it imperative to adopt and use UGVs on a wider scale, thus resulting in the growth of the unmanned ground vehicle market during the forecast period.
North America is projected to be the largest regional share for the unmanned ground vehicle market during the forecast period. The US is one of the largest developers, operators, and exporters of unmanned military systems, globally, and thus accounts for a large share of the North American region in the global unmanned ground vehicle market.
QinetiQ is one of the leading defense technology-based companies. It develops and produces innovative defense products, including unmanned systems, survivability solutions, and maritime systems, along with products for the commercial markets. QinetiQ develops robots in a variety of sizes and with varying capabilities for military, first responder, and civilian applications. In August 2018, QinetiQ North America was selected by the US Department of Defense to supply route clearance and interrogation system type 1 robotics for the US Army.
RE2 has already raised USD 6.0 million in funding over four rounds. This shows the strong position it holds in the unmanned ground vehicle market. The company has also been awarded various new contracts by the US Army, the US Navy, the US Airforce, and the University of California, Los Angeles (UCLA), which demonstrates the company’s ability to deliver state-of-the-art products to its customers. The company is focused on the development of new products based on market demand and has a strong commitment to the same. In March 2020, The company announced that it had received USD 2.5 million in funding from the Office of Naval Research to continue the development and commercialization of its technology under the Dexterous Maritime Manipulation System (DM2S) program.
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