UNMANNED GROUND VEHICLE MARKET ANALYSIS

Regional Analysis

Global Unmanned Ground Vehicle Market: Regional Insights

North America is projected to show substantial growth of the global unmanned ground vehicle market over the forecast period. This growth can be attributed to factors such as presence of major manufacturers of UGVs in the region, technological advancement, and technologically advanced infrastructure. Moreover, with increasing defense budget and growing use of UGVs in major commercial and defense applications is also expected to drive growth of the market during the forecast period. Along with this, growing R&D activities in Canada to develop unmanned ground vehicle is also likely to fuel the market growth in this region.

Europe is also projected to exhibit significant growth in the global unmanned ground vehicle market over the forecast period. The region is headquarter for major UGV manufacturers such as Roboteam, Elbit, and Milrem Robotics. With increasing competition among market players in the region, the region is witnessing signed contracts for providing UGVs. Moreover, the defense spending are increasing among countries across the region. These countries are majorly focused on developing AI for better use of unmanned ground vehicle system. These factors are thus anticipated to propel growth of the global unmanned ground vehicle market across the region.