News | January 6, 2014

$579.4M Military UGV Market Set For Increased System Diversity

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Military unmanned ground vehicles (UGV) are becoming an increasingly common feature of military operations. Over the past decade their utility has focussed upon explosive ordnance disposal (EOD). However this is set to change. The role of UGV’s in reducing the exposure of troops to Dull, Dirty and Dangerous tasks is a growing feature of modern armed forces. Analysts believe that the capabilities of UGV’s will grow dramatically over the forecast period, providing greater utility and thus greater demand in the coming years.

This new defence report, Military Unmanned Ground Vehicle (UGV) Market 2013-2023: EOD, ISR, Soldier & Mission Support, finds rapid change in the market, as changing requirements and technological advances realise the true potential of unmanned ground vehicles.

The analyst responsible for the research summarised their findings: “The UGV market is set to undergo contraction in the short term, driven by fiscal pressures and the current dependence of the market upon C-IED platforms and US demand. In the medium to long term, increased diversity of systems and emergence of other nations as procurers of UGV’s will lead to a rebounding of spending in the market”

The assessment of the market states that global spending on military UGV will amount to $579.4M in 2013, the start of the forecast period covered by this report. This 217 page report is packed with 147 tables, figures and charts that illustrate key trends in the market at the global level, 4 submarkets, and in 15 leading national markets and includes details of 88 contracts. The report also contains 3 high level interviews with expert members of growing companies within the UGV industry. DOK-ING, Macro USA and RE2 Inc.

The Military Unmanned Ground Vehicle (UGV) Market 2013-2023: EOD, ISR, Soldier & Mission Support report will be of impressive value to current, and future, investors into the industry, as well as to companies and research centres who wish to broaden their knowledge of the military UGV market. 

SOURCE: ASDReports.com

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