Unmanned Ground Vehicles Market Size Report, Shares, Growth, Demand Analysis to 2026
The global unmanned ground vehicles market size is projected to reach USD 7,452.2 million by the end of 2026. Applications in the defense sector have caught the eye of several investors from across the world. According to a report published by Fortune Business Insights, titled “Unmanned Ground Vehicles Market Size, Share and Global Trend by Mobility (Wheeled, Tracked, Hybrid, and Legged) By Size (Small, Medium, Large, Very Large, and Extremely Large) By Mode of Operation (Tethered, Tele-operated, and Autonomous), By System (Payload, Controller System, Navigation System, Power System, and Others) By Application (Military, Commercial, Law Enforcement, and Federal Law Enforcement), and Regional Forecast, 2019-2026,” the market was worth USD 2,570.2 million and will exhibit a CAGR of 14.95% during the forecast period, 2019-2026.
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FLIR Systems Received a $152 Million Contract from the US Army Manufacturing of 350 UGVs
The report encompasses several factors that have contributed to the growth of the market in recent years. Owing to the increasing applications of UGVs in diverse industry verticals, governments of several countries across the world are looking to approach UGV manufacturers with custom requirements. In March 2019, FLIR Systems announced that it has bagged a contract from the US Army. The contract was worth USD 152 million and is aimed at the development of 350 unmanned grounded vehicles. FLIR’s latest collaboration with the US Army will not just benefit the company but will have a direct impact on the growth of the market in the coming years.
Information source: https://www.fortunebusinessinsights.com/unmanned-ground-vehicles-market-102525