Unmanned Ground Vehicles (UGV) Market to Rise at 14.95% CAGR till 2026; Increasing Applications in Defense and Military Sector to Aid Growth, says Fortune Business Insights

By Globe Newswire4 days ago

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Pune, India, April 08, 2021 (GLOBE NEWSWIRE) -- The global unmanned ground vehicles (UGV) market size is projected to reach USD 7,452.2 million by the end of 2026. Applications in defense sector have caught the eye of several investors from across the world. According to a report published by Fortune Business Insights, titled “Unmanned Ground Vehicles Market Size, Share and Global Trend by Mobility (Wheeled, Tracked, Hybrid, and Legged) By Size (Small, Medium, Large, Very Large, and Extremely Large) By Mode of Operation (Tethered, Tele-operated, and Autonomous), By System (Payload, Controller System, Navigation System, Power System, and Others) By Application (Military, Commercial, Law Enforcement, and Federal Law Enforcement), and Regional Forecast, 2019-2026,“ the market was worth USD 2,570.2 million and will exhibit a CAGR of 14.95% during the forecast period, 2019-2026.

Report Coverage-

We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parents market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates.

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