Unmanned Ground Vehicles Market to Surge at 8.0% CAGR over 2023 to 2030; ADASI Released Two New UGVs and an ARV at IDEX to Gain Competitive Edge

The global unmanned ground vehicles market size stood at USD 2.66 billion in 2022. The market value is slated to rise from USD 3.07 billion in 2023 to USD 5.26 billion by 2030 at a CAGR of 8.0% during 2023-2030. The expansion is propelled by the growing deployment of the product for monitoring surroundings and automatic decision making in unpredictable situations.

Fortune Business Insights™ presents this information in its report titled “Unmanned Ground Vehicles Market Size, Share, Growth, and Russia-Ukraine War Impact Analysis, By Type (Combat UGV, Combat Support UGV, Reconnaissance UGV, ISR UGV, and Explosive Ordnance Disposal UGV), By Mobility (Wheeled, Tracked, Hybrid, and Legged), By Size (Small (10-200Lbs), Medium (200-500Lbs), Large (500-1000Lbs), Very Large (1000-2000Lbs), and Extremely Large (>2000Lbs)), By Mode of Operation (Tethered, Teleoperated, and Autonomous), By System (Payload, Control System, Navigation System, Power System, and Others), By Application (Military, Commercial, Law Enforcement, and Federal Law Enforcement), and Regional Forecasts, 2023-2030”.

Russia-Ukraine War Leads to Rise in Investments toward Strengthening Armed Forces

Numerous countries in Europe focused on expanding their defense expenditures for strengthening their defense forces. The war also led to an upsurge in the deliveries of next-generation remote control UGVs from NATO countries to Ukraine. The rising defense spending is expected to help countries in strengthening the capabilities of their military forces. These aspects are touted to drive market expansion over the forecast period.

ADASI Unveiled an ARV and two new UGVs at IDEX to Secure Competitive Edge

In February 2021, autonomous systems manufacturer ADASI exhibited an ARV (Armed Robotic Vehicle) and two new UGVs. The vehicles were exhibited at IDEX (International Defense Exhibition Conference), which was held from 21^st to 25^th February.

In addition, ADASI rolled out small- and mini-UGVs, dubbed SCORPIO-S and SCORPIO-M, respectively.

Rising AI Adoption to Develop Intelligent UGVs to Strengthen Industry Growth

The unmanned ground vehicles market growth is being propelled by the rising focus on the development of next-generation vehicles for reliable and efficient operations. Latest technologies, such as artificial intelligence, are being used for the development of advanced and intelligent UGVs.

However, the market growth could be restrained by issues pertaining to the reliability of certain systems.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/unmanned-ground-vehicles-market-102525

Key Companies Strike Collaborations to Drive Industry Growth

Leading industry players are striking partnership agreements and collaborations for establishing a strong foothold in the market. These steps are being adopted for strengthening their industry positions. Some of the other initiatives include merger agreements, acquisitions, and the rollout of new products.

Key Players Profiled:

• BAE Systems (U.K.)


• Aselsan A.S. (Turkey)


• Lockheed Martin Corporation (U.S.)


• General Dynamics Corporation (U.S.)


• L3 Harris Technology, Inc (U.S.)


• Oshkosh Defense LLC (An Oshkosh Corporation Company)  (U.S.)


• Rheinmetall AG (Germany)


• Teledyne FLIR LLC. (U.S.)


• QinetiQ (U.K.)


• Northrop Grumman Corporation (U.S.)

Notable Industry Development

• January 2022 – Velodyne Lidar, Inc., and QinetiQ Inc. entered into a five-year sales agreement for its LiDAR sensors. The agreement was focused on deploying Velodyne’s sensors for offering perception across the UGV portfolio of QinetiQ.

Further Report Findings

• The North America unmanned ground vehicles market share is expected to register substantial expansion over the projected period. The growth is propelled by the soaring defense budget in the region.


• The Europe market is estimated to exhibit considerable growth throughout the analysis period. The rise is driven by the escalating defense expenditure from countries such as France, Germany, Russia, the U.K., and others.


• On the basis of type, the market for unmanned ground vehicles is fragmented into combat support UGV, reconnaissance UGV, combat UGV, ISR UGV, and Explosive Ordnance Disposal (EOD) UGV. The EOD UGV segment is anticipated to record appreciable expansion over the analysis period. The upsurge is impelled by the growing demand for explosive disposal.


• Based on mobility, the market for unmanned ground vehicles is subdivided into wheeled, legged, hybrid, and tracked. The tracked segment accounted for the largest market value in 2022 and is set to expand at a considerable rate over the analysis period. The expansion is driven by the rising defense expenditure and surging procurement of next-gen vehicles.

 Table of Segmentation