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Unmanned ground vehicle market worth $2.63Bn by 2021

By Swati Deshpande,

Added 27 February 2017

Asia-Pacific to dominate the unmanned ground vehicle market

Based on application, the UGV market has been segmented into commercial and defense. The commercial segment of the UGV market is projected to grow at the highest CAGR till 2021. This growth is driven by the increasing demand for domestic and industrial UGVs.

Asia-Pacific is projected to grow at the highest growth rate during the forecast period. The rapid growth of the Asia-Pacific market can be attributed to the increasing investments to develop UGVs for defense as well as commercial applications. The investments are mainly driven by the developments in China, India, Japan, and South Korea, which are among the fastest-emerging economies in the world.

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