The Unmanned Ground Vehicles (UGVs) market worldwide is projected to grow by US$4.3 Billion, driven by a compounded growth of 14.7%
Wheeled, one of the segments analyzed and sized in this study, displays the potential to grow at over 15.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$2.1 Billion by the year 2025, Wheeled will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 13% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$167.8 Million to the region's size and clout in the next 5 to 6 years. Over US$139.9 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Wheeled will reach a market size of US$85 Million by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 18.8% over the next couple of years and add approximately US$1.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Competitors identified in this market include:
Aselsan A.S.
Autonomous Solutions Inc.
BAE Systems PLC
Boston Dynamics
Clearpath Robotics Inc.
Cobham PLC
Dok-Ing D.O.O.
ECA Group
Endeavor Robotics
General Dynamics Corporation
Howe & Howe Technologies, Inc.
ICOR Technology
L3Harris Technologies, Inc.
Leonardo DRS
Lockheed Martin Corporation
Magforce International
Nexter Group
Northrop Grumman Corporation
Oshkosh Corporation
QinetiQ North America, Inc.
RE2, Inc.
ReconRobotics, Inc.
Rheinmetall AG
Roboteam
SuperDroid Robots Inc.
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