Global Military UGV Market to Exceed Value of USD 707 Mln by 2026, Forecasts SDI in Its New Report Recently Added at MarketPublishers.com30 Aug 2016 • by Natalie Aster
LONDON – The worldwide market for military unmanned ground vehicles (UGV) is anticipated to continue keeping to a growth trend in the years to come, spurred by a number of factors including territorial disputes, external and internal security threats and also increasing modernisation, among others. Key consumers of military UGVs are North America, Europe and APAC.
In the years to come, the US is likely to hold dominant position in the world military UGV market. Furthermore, North America is expected to increase its market share, driven by plans to operate army with a greater number of remote controlled UGVs and autonomous robots, and fewer soldiers in the future.
This year, the value of the world military UGV market is estimated at more than USD 444 million. It is predicted to see a 4.76% CAGR through the next decade and by 2026 will exceed USD 707 million.
The North American market is forecast to hold dominance in the world military UGV market through 2026 and account for a share of over 52%. It will be followed by Europe with a share of 24.3% and then by APAC with a share of 15.8%.
In-demand research publication “The Global Military Unmanned Ground Vehicles Market 2016-2026” worked out by Strategic Defence Intelligence (SDI) comprises a comprehensive analysis of the world’s market for military UGVs, uncovers historical and present data on the market performance at the global and regional scales as well as outlines future growth prospects. It explores the market dynamics, examines key growth limiters and drivers and discusses top challenges and opportunities. The research study touches upon regulative initiatives, characterises major competitive pressures, profiles leading companies, reviews the latest industry developments and highlights prevailing and emerging trends. An all-round overview of the world military UGV market through 2026 is at hand in the report.
More research reports by this publisher are provided at the SDI page.