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Unmanned Ground Vehicles Market Synopsis By Future Scope, Recent Trends, Profit Margin and Sales Channels

The global unmanned ground vehicle market size is projected to grow from USD 2.3 billion in 2020 to USD 4.5 billion by 2030, at a CAGR of 7.0% from 2020 to 2030. The market is driven by various factors, such as the growing demand for autonomous systems in commercial and military sectors, increasing use of robots in areas affected by chemical, biological, radiological, and nuclear defense (CBRN) attacks.

Lockheed Martin (US), QinetiQ (UK), Cobham (UK), Northrop Grumman (US),  and RE2 (US), among others, are some of the leading players operating in the unmanned ground vehicle market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the unmanned ground vehicle market.

Lockheed Martin Corporation specializes in the research, design, development, manufacturing, and integration of advanced technology systems and related products and services in the aerospace, defense, security, and advanced technologies sectors. The company offers Squad Mission Support System (SMSS) and Autonomous Mobility Applique System (AMAS) which are under UGVs used in a variety of life-saving military applications. The company has been selected by the US Army’s Tank Automotive Research, Development and Engineering Center (TARDEC) as the Integrated Systems Developer for its Expedient Leader Follower (ExLF) program. The company will lead a three-year effort to develop, integrate, and test unmanned prototype systems for supporting leader/follower convoy activities within an asymmetric threat environment.

Northrop Grumman is one of the leading players in the unmanned ground vehicle market. The company maintains its presence in about 25 nations and has different offices in Australia, Europe, Japan, Saudi Arabia, South Korea, and the UAE. Some of its key subsidiaries include Northrop Grumman Aviation, Inc. (Canada), Northrop Grumman Electronic Systems International Company (UK), Northrop Grumman Overseas Holdings Inc. (Ireland), Northrop Grumman Space Operations (US), and Northrop Grumman Tactical Systems (US). It has more than 2,300 unmanned ground vehicle systems in operation around the world. The company generates the majority of its business through long-term contracts with the US Government. In April 2015, it received a contract worth USD 10.2 million from the US Navy to build open-systems man-packable ground robots to help infantry units neutralize Improvised Explosive Devices (IEDs) and other roadside bombs.

QinetiQ is one of the leading defense technology-based companies. It develops and produces innovative defense products, including unmanned systems, survivability solutions, and maritime systems, along with products for the commercial markets. QinetiQ develops robots in a variety of sizes and with varying capabilities for military, first responder, and civilian applications. In August 2018, QinetiQ North America was selected by the US Department of Defense to supply route clearance and interrogation system type 1 robotics for the US Army.

RE2 has already raised USD 6.0 million in funding over four rounds. This shows the strong position it holds in the unmanned ground vehicle market. The company has also been awarded various new contracts by the US Army, the US Navy, the US Airforce, and the University of California, Los Angeles (UCLA), which demonstrates the company’s ability to deliver state-of-the-art products to its customers. The company is focused on the development of new products based on market demand and has a strong commitment to the same. In March 2020, The company announced that it had received USD 2.5 million in funding from the Office of Naval Research to continue the development and commercialization of its technology under the Dexterous Maritime Manipulation System (DM2S) program.

Cobham plc is a leader in providing unmanned systems. Its offerings serve the demands of customers across the commercial, defense, and security markets. In March 2018, The company in partnership with EPE successfully completed the first phase of an innovation project awarded under the Defence Innovation Hub to integrate a Ground Penetrating Radar (GPR) capability (Amulet) that can be deployed remotely using Talon. 

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