UGV market to grow exponentially
The global military unmanned ground vehicles (UGV) market is expected to grow at a CAGR of 4.29% with a cumulative value of US$10.7 billion over the forecast period according to the Global Military Unmanned Ground Vehicle Market Report 2021-2031. .
The demand for military UGV is anticipated to be seen in the North American and European regions, particularly, in countries such as the US, Russia, France, Spain, Poland and the UK. The European region will hold the largest position globally, exhibiting a solid pace of growth over the forecast period with a CAGR of 4.76%.
Europe-led growth
The growth of the global military UGV market is expected to be led by Europe, with a revenue share of 46.5%, followed by North America and Asia-Pacific. UGVs have proven track record of being exceedingly useful during peacekeeping missions and in the global war on terror. Their applications have been found useful across Intelligence, Surveillance, and Reconnaissance (ISR) missions and combat roles.
In addition, military UGV enhanced the capabilities in areas such as endurance, data processing, and communications has broadened the use of UGVs in both defense and intelligence roles.
Combat UGV is expected to occupy the largest segment of the global military UGV market over the forecasted period. As of now, there are number of major Combat UGV acquisition programs being implemented around the world; the US’ Robotic Combat vehicles (Light & Medium), Ukraine’s Camel UGV, Russia’s Kapitan robotic complex UGV, Marker UGV, Nakhlebnik UGV and Soratnik UGV.
The Combat UGV segment is anticipated to claim for 42.3% of the total market over the forecast period, principally driven by procurement programs in countries such as the US, the UAE, Russia, Turkey, Italy and Ukraine. Asia-Pacific is expected to become the foremost market for Combat UGVs throughout this decade. This will be followed by North America and Europe responsible for the second and third largest markets in this segment.
