Unmanned Ground Vehicles (UGV) Market Development Trends and Key Vendors Analysis during 2020 - 2026

Unmanned Ground Vehicles (UGV) Market Scenario: • Reports estimate that North America unmanned ground vehicles market will register notable CAGR of more than 10% through 2026. The presence of prominent industry players in North America will support regional industry growth. Interest taken by the market players to improve the defense offerings will outline UGV landscape over the period of study • Increasing political instability and cross border tension is a major factor propelling advancements in unmanned ground vehicle market trends. Rise in defense expenditure and heavy investments made towards upgrading defense fleet by the governments across the globe will also support the industry outlook. • Many countries are considerably investing towards the improvement in their defense capabilities, influencing the need for a robust military sector. The unmanned ground vehicle or UGV is used in several defense applications ranging from search and rescue and transportation to combat support, among various others. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Continue:- • The government is heavily investing towards R&D of innovative, reliable and advanced unmanned ground vehicles. The total budget allocation to carry out R&D of UGV in the region was recorded at USD 343 million in the year 2019 which accounts for close to 70% of the total UGV budget. Various crucial sectors of the economy such as, healthcare, education, construction and transportation across the globe are undergoing technological advancements in order to render enhanced outputs. • Recent introduction of cloud computing technology, IoT and AI which is supported by strong software systems is increasingly being deployed in the defense sector. The deployment of latest technologies in the UGV to enhance navigation and communication systems will positively influence the industry outlook. Request for sample copy of this Report @https://www.gminsights.com/request-sample/detail/4590 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Regional Analysis: • Countries like Russia, China, France, the U.S. and Saudi Arabia account for more than 50% of the global defense spending. While, New Zealand, Japan and Australia are leading the commercial UGV industry. The combination of several communication technologies and the development in sensor systems will complement UGV market forecast. • Competitive Analysis: • Unmanned ground vehicles manufacturers are constantly aiming at advancing their product portfolios to increase their customer base as well as maximize their profit margin. Prominent companies include, General Dynamics Corporation, BAE Systems, Rheinmetall, Elbit Systems and Northrop Grumman Corporation, among various others. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/3771 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Latest Research Report on Unmanned Ground Vehicles (UGV) Market @ https://www.gminsights.com/industry-analysis/unmanned-ground-vehicles-ugv-market Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/4590 Request for customization: https://www.gminsights.com/inquiry-before-buying/4590 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Unmanned Ground Vehicles (UGV) Market Development Trends and Key Vendors Analysis during 2020 - 2026