The comprehensive study of “Military Unmanned Ground Vehicle Market” report provides deep idea into the market dynamics & overall development of the industry. The report covers growth prospect, current information, market risks involved, cost structure & several other vital information is included in the Military Unmanned Ground Vehicle industry report. The latest market study on the Military Unmanned Ground Vehicle Market applies the best primary and secondary research techniques to bring the growth rate up to 2024.
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Military Unmanned Ground Vehicle Market by Key Players:
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- Industry size & share analysis with industry growth and trends.
- Emerging key segments and regions
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- The research report covers size, share, trends and growth analysis of the Military Unmanned Ground Vehicle Market on the global and regional level.
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Key Market Trends:
Intelligence, Surveillance, and Reconnaissance Segment to Experience the Highest Growth During the Forecast Period
Intelligence, Surveillance, and Reconnaissance segment of the market is expected to grow at the highest CAGR during the forecast period. Intelligence, Surveillance, and Reconnaissance form a vital part of every military complex operations, success of military missions largely depend on platforms for ISR missions and to cater to this need defense companies are working closely with government agencies in development of UGVs that will play a vital role by providing combatants with additional surveillance and reconnaissance support. Also, the integration of advanced in technology with UGVs for better data acquisition and target identification have become another major investment area for the companies. In 2018, Israel Aerospace Industries (IAI) developed a hybrid ground and air robotic system for border patrol, reconnaissance, and surveillance defence system, which combines land and aerial capabilities. The new system supports a variety of complex missions including intelligence, reconnaissance and surveillance, ambushes, target detection, and remote threat neutralization. Such developments in UGVs to support ISR missions are propelling the growth of the segment during the forecast period.
Middle East & Africa Region to Experience the Highest Growth During the Forecast Period
Middle East & Africa region is anticipated to have the highest growth during the forecast period. The Middle East and African countries are investing in modern defense, security, and infrastructure technologies. This has also led to various robotics companies to seize the opportunity for unmanned ground vehicles. Various companies in Israel, Qatar, Iran, Saudi Arabia, and the United Arab Emirates among others are partnering with the major ground vehicle manufacturers to develop autonomous UGVs that will provide explosive devices' removal assistance, help in reconnaissance missions and ammunition transportation and carry weapons to support combat missions. For instance, in early 2017, International Golden Group (IGG), an Abu Dhabi based company, signed a co-operation deal with Milrem Robotics for developing and arming unmanned ground vehicles (UGV). The increasing investments by the governments and companies of the region are acting as a major factor for the highest growth during the forecast period.
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