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Unmanned Ground Vehicles (UGV) Market Share

Report ID: GMI4590
Published Date: Sep 2023
Report Format: PDF

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Unmanned Ground Vehicles Market Share

Major players operating in the UGV market are :

BAE systems
Cobham plc
Elbit Systems
FLIR Systems
General Dynamics Corporation
Hexagon AB
HORIBA MIRA Ltd.
Howe & Howe Technologies Inc.
L3harris Corporation
Leonardo S.p.A
Lockheed Martin Corporation
Northrop Grumman Corporation
QinetiQ Group Plc
Reheinmetall AG
Textron Systems.

These players heavily invest in research to introduce innovative products and garner the maximum market revenue.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The UGV industry was valued at over USD 2.8 billion in 2022 and is anticipated to grow at a CAGR of over 8% between 2023 and 2032, backed by the military's continued demand for UGVs for tasks such as reconnaissance, surveillance, and logistics.

The communication system segment is expected to grow at a CAGR of over 9% through 2032. The increasing complexities and capabilities of UGVs require more sophisticated communication components to support data transmission, remote operation, and coordination with other UGVs or control centers.

North America Unmanned Ground Vehicles (UGV) market held over 30% revenue share in 2022 and is slated to grow further as the U.S. has a robust defense sector with increased investments in autonomous technologies.

HORIBA MIRA Ltd., Howe & Howe Technologies, Inc., L3harris Corporation, Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, QinetiQ Group Plc, Reheinmetall AG, Textron Systems among others.