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Unmanned Ground Vehicle (UGV) Market Size to Grow by USD 1.57 Bn| AeroVironment Inc., ASELSAN AS, and Clearpath Robotics Inc. Emerge as Potential Players | TechnavioNEW YORK, Oct. 8, 2021 /PRNewswire/ -- Technavio's latest offering, Unmanned Ground Vehicle (UGV) Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions. The unmanned ground vehicle (UGV) market value is anticipated to grow by USD 1.57 billion between 2021 and 2025, accelerating at a CAGR of over 12% during the forecast period. Market Dynamics Factors such as increasing demand for autonomous systems in commercial sectors and defense and rise in demand to increase operational efficiency will be crucial in driving the growth of the market. But the restricted battery life of the unmanned ground vehicle will hinder the market growth. Also, the reduction in risk of human life will be crucial in driving the growth of the market. On the other hand, the economic challenges faced by the aviation industry due to COVID-19 will restrict the growth. Company Profiles Some of the companies covered in this report are AeroVironment Inc., ASELSAN AS, Clearpath Robotics Inc., DevelopmentEx.com Inc., HORIBA Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., QinetiQ Group Plc, and The Boeing Co. Competitive Analysis The unmanned ground vehicle (UGV) market report includes the competitive analysis which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Market Segmentation
Related Reports: Global Counter Unmanned Aerial Vehicle (UAV) Defense System Market - Global counter unmanned aerial vehicle defense system market is segmented by type (detection systems and detection and disruption systems) and geography (North America, APAC, Europe, South America, and MEA) Global Unmanned Combat Aerial Vehicle (UCAV) Market - Global unmanned combat aerial vehicle market is segmented by type (medium-altitude UCAV and high-altitude UCAV) and geography (North America, Europe, APAC, MEA, and South America).
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