Market study: Defense industry responsible for growth in UGV market
NewsOctober 27, 2017
AMSTERDAM. The highest demand for unmanned ground vehicles (UGVs) has come from the defense industry in the last several years, according to a recent market analysis from BIS Research titled "Global Unmanned Ground Vehicle Market - Analysis and Forecast (2016-2023)," a comprehensive study of the of the key development strategies and market-trend dynamics occurring in the UGV market.
According to the report, the global UGV market is expected to reach $9.06 billion by 2023. While the study found that the North American UGV market will increase in size during the period 2017-2023, that trend is expected to change in the coming years, with the market shifting towards Asian economies showing major demand for the UGVs in the coming future.
The study found that the major factors influencing the growth in the UGV market are the need for enhanced operational efficiency and flexibility and the desire for reduced human intervention in various skilled tasks like logistics, bomb handling, and intelligence-gathering.
