Published on : Sep 07, 2016
ALBANY, New York, September 07, 2016: A new market intelligent report, titled “The Global Military Unmanned Ground Vehicles Market 2016-2026,” has recently been added by ResearchMoz.us to its comprehensive collection of research reports. The 123-page research study offers a thorough overview, including information on the key growth factors and challenges in the global market for military unmanned ground vehicles (UGV). The product segmentation, current trends, key geographical segments, and the competitive scenario of the global market have also been discussed in the research study.
According to the research study, in 2016, the global market for military unmanned ground vehicles was worth US$444.8 mn. This market is projected to register a 4.76% CAGR between 2016 and 2026, reaching a value of US$707.8 mn by the end of 2026.
The rising number of external and internal security threats and increasing territorial disputes worldwide are the primary factors expected to bolster the overall military unmanned ground vehicles market’s growth in the forecast period. In addition, the initiatives that are carried by armed forces across the globe for modernization of vehicles and equipment are projected to encourage the growth of the market in the near future. Technological developments and introduction of innovative products are some of the other factors driving the global market.
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Among the key geographical segments, North America is anticipated to lead the global military UGV market, with a 52.1% share by the end of 2026. This region is projected to remain in the leading position throughout the forecast period, owing to their vision to establish an army with fewer soldiers and a large number of remote controlled UGVs and autonomous robots. North America is expected to be followed by Europe and Asia Pacific, which will hold a 24.3% and 15.8% share respectively by 2026. Furthermore, the Middle East region is projected to witness a significant growth in the next few years.
The research study further analyzes the key players operating in the global military UGV market and covers the competitive scenario of the market. Some of the prominent players operating in the military unmanned ground vehicles market across the globe are ST Kinetic, Macro USA, ECA Robotics, Mesa Robotics, Thales, Nexter, Poly Technologies, MED-ENG, Oto Melara, BAE Systems, Aselsan, RE2, and Oshkosh. The products and services, financial overview, including operating profit, revenue, and net profit, and recent alliances and contracts have been mentioned in the research study.
The global military UGV market has been categorized on the basis of product type into intelligence, surveillance, and reconnaissance, border patrol and logistics, explosive ordnance disposal, and others. As per the study, the explosive ordnance disposal segment is anticipated to hold a share of 51.3% in the global military UGV market by the end of 2026. On the other hand, by 2026, the intelligence, surveillance, and reconnaissance segment is estimated to account for a 40.9% of the global market.
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