Unmanned Ground Vehicle Market to Grow at 10.9% CAGR by 2030
Increasing need for autonomous systems in the defense and commercial sectors is the major factor driving the UGV market growth.
The Unmanned Ground Vehicle (UGV) market was valued at USD 2.03 billion in 2019 and is predicted to reach USD 6.33 billion by 2030 with a CAGR of 10.9% from 2020-2030, according to Next Move Strategy Consulting.
Unmanned ground vehicles (UGVs) are robotic systems that operate on land without an onboard human operator. Factors such as wide range of applications, reduced risk of human life and imposing combat performance are the factors expected to propel the growth of unmanned ground vehicles market growth. However, high expenditure associated with the unmanned vehicles and their limited battery life are the factors expected to hinder the growth of UGV market to some extent.
Browse Key Insights from the Report, “Unmanned Ground Vehicle Market by Size (Small, Medium and Heavy), Mode of Locomotion (Tracked, Wheeled, and Legged), Operation (Tele-operated and Automated) and Application (Commercial and Defense) - Global Opportunity Analysis and Industry Forecast, 2020-2030.”
KEY INSIGHTS:
- The study provides an in-depth analysis of the unmanned ground vehicle market, with current and future trends to elucidate the imminent investment pockets.
- Information regarding key drivers, restraints, and opportunities coupled with their impact analysis is provided.
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About Next Move Strategy Consulting
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