Covid-19 acts as a positive element in the demand in Global Unmanned Ground Vehicle Market

Unmanned Ground Vehicle Market - Overview

Unmanned ground vehicles can be maneuvered without the presence of a human inside the cabin of these vehicles to drive or assist them. Moreover, these vehicles are utilized for commercial purposes in various industries such as logistics, defense, and entertainment industry.

The unmanned ground vehicle market is projected to expand significantly during the forecast period owing to its rising application in various industries. Unmanned vehicles do not require continuous involvement of man power, thus reducing operating cost for the organization that owns the vehicle, resulting in higher profit margins. Most unmanned vehicles are integrated with advanced driving assistance systems that enhance the safety features of these vehicles in order to avoid accidents. Furthermore, rise in preference for the application of unmanned vehicles in defense, entertainment, and logistics industries is a key factor that is estimated to drive the market during the forecast period. Applications of unmanned ground vehicles are increasing in the defense sector, as these vehicles reduce the risk of loss of life. High cost of unmanned vehicles is a major factor that is anticipated to hinder the unmanned ground vehicle market during the forecast period.

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Unmanned Ground Vehicle Market - Segmentation

The global unmanned ground vehicle market can be segmented based on operation, size, mobility, application, and region. Based on operation, the remote controlled unmanned vehicle segment is likely to hold a significant share of the market; however, the fully autonomous unmanned ground vehicle market segment is likely to expand at remarkable pace during the forecast period. This is because fully autonomous unmanned vehicles contain artificial intelligence systems that help these vehicles to propagate on the terrain according to the conditions.

In terms of size, currently, micro and small segments are likely to be leading segments of the unmanned ground vehicle market; however, development of unmanned trucks for the logistics industry is likely to boost the large segment of the unmanned ground vehicle market during the forecast period.

In terms of mobility, the tracked segment is likely to hold a major share of the market, as most unmanned ground vehicles are employed by defense organizations for application on different terrains where the tracked segment vehicles can propagate easily and efficiently. Furthermore, expansion of the unmanned ground vehicle market is likely to boost the wheeled segment during the forecast period.

In terms of application, the defense sector is likely to hold a major share of the market; however, development of the fully autonomous trucks is likely to boost the logistics industry at a rapid pace owing to high demand for autonomous trucks in North America and Europe.

In terms of region, the global unmanned ground vehicle market is anticipated to be dominated by North America, followed by Europe. In North America, the U.S. is a key market for unmanned ground vehicles owing to the utilization of a large number of unmanned vehicles by the U.S. Army for surveillance and warfare purposes. Furthermore, the U.S. has a prominent logistics industry, which in turn is likely to boost its share of the market in North America during the forecast period.

Unmanned Ground Vehicle Market - Key Players

Key players operating in the global unmanned ground vehicle market include Roboteam, Lockheed Martin Corporation, Nexter Group, Autonomous Solutions Inc., and ACTIVEROBOTICX.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?