𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐆𝐫𝐨𝐮𝐧𝐝 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
The global unmanned ground vehicles market size was valued at USD 2.66 billion in 2022. The market is anticipated to expand from USD 3.07 billion in 2023 to USD 5.26 billion by 2030, exhibiting a CAGR of 8.0% over the study period. The surge is on account of the growing product adoption in carrying supplies, assisting in explosive deactivation, and in the defense sector.
Fortune Business Insights™ provides this information in its research report, titled “Unmanned Ground Vehicles Market, 2023-2030”.
Get a Free Sample Research Report:
List of Key Players Mentioned in the Report:
- BAE Systems (U.K.)
- Aselsan A.S. (Turkey)
- Lockheed Martin Corporation (U.S.)
- General Dynamics Corporation (U.S.)
- L3 Harris Technology, Inc (U.S.)
- Oshkosh Defense LLC (An Oshkosh Corporation Company) (U.S.)
- Rheinmetall AG (Germany)
- Teledyne FLIR LLC. (U.S.)
- QinetiQ (U.K.)
- Northrop Grumman Corporation (U.S.)
Russia-Ukraine War Impact:
Market Growth Propelled by Soaring Investments in Strengthening Armed Forces
The Russia-Ukraine war led various countries to strengthen their defense forces. Several countries in Europe enhanced their defense expenditure. The war also recorded an upsurge in the deliveries of next-generation remote control UGVs to Ukraine from NATO countries. These factors are expected to augur well for the market, propelling industry expansion over the forthcoming years.
Get a Quote Now:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/unmanned-ground-vehicles-market-102525
Segments:
EOD UGVs Segment to Register Notable Upsurge Considering Rising Product Deployment
Based on type, the market is categorized into combat UGV, combat support UGV, reconnaissance UGV, ISR UGV, and Explosive Ordnance Disposal (EOD) UGV. The Explosive Ordnance Disposal (EOD) UGV segment is estimated to register a dominating share, exhibiting substantial expansion over the study period. The surge is impelled by the increasing explosive disposal demand across various regions.
Tracked UGVs Segment to Record Considerable Expansion Owing to Growing Number of Procurement Contracts
By mobility, the market for unmanned ground vehicles is fragmented into wheeled, legged, tracked, and hybrid. The tracked segment is poised to register appreciable expansion over the study period. The upsurge is credited to the soaring defense expenditure and procurement of next-generation tracked UGVs.
Small (10-200 lbs) Segment to Depict Substantial Surge Driven by Soaring Product Demand
On the basis of size, the market is subdivided into small (10-200 lbs), medium (200 - 500 lbs), large (500 - 1000 lbs), very large (1000- 2000 lbs), and extremely large (>2000 lbs). The small (10-200 lbs) segment is estimated to register considerable expansion over the projected period. The surge is driven by the escalating demand for small and lightweight robots for commercial and military applications.
Based on geography, the market for unmanned ground vehicles is segmented into Europe, Asia Pacific, North America, and the rest of the world.
Report Coverage:
The report gives an analysis of the vital trends driving the global business scenario over the forecast period. It further provides an insight into the major drivers augmenting the market share over the coming years. In addition, the report gives an overview of the key strategies adopted by leading companies for establishing a strong market footing.
Ask for Customization:
Drivers and Restraints:
Soaring Autonomous Systems Demand for Commercial and Defense Applications
One of the major factors boosting the unmanned ground vehicles market growth is the soaring product demand from the commercial and defense sectors. Autonomous vehicles are deployed in the agriculture sector for irrigation management, mechanical weeding, soil sampling, precision spraying, and crop harvesting.
However, reliability and bandwidth related issues and reduction in the defense budgets of some countries could hamper market growth to a considerable extent.
Regional Insights:
North America to Ace the Market Impelled by Rising Military Spending
North America accounted for a dominating share in the market. The region has recorded the highest defense budget, owing to which the North America unmanned ground vehicles market share is expected to exhibit lucrative expansion over the projected period.
The Asia Pacific market is poised to grow at a commendable rate over the study period. The upsurge is due to an escalation in the defense budgets of China and India.
Speak to Our Expert:
Competitive Landscape:
Major Market Players Formulate New Strategies to Gain Strong Footing
Eminent market participants are devising new strategies for establishing a strong foothold in the industry. Some of the adopted initiatives comprise merger agreements, collaborations, and the formation of alliances. Besides, companies are also keen to invest in research and development activities for securing a competitive edge in the market.
Key Industry Development:
January 2022 – QinetiQ signed a five-year sales agreement with Velodyne Lidar, Inc. for its sensors. QinetiQ selected Velodyne’s sensors to provide perception and mapping capabilities across its Unmanned Ground Vehicle (UGV) portfolio. QinetiQ will use Velodyne Lidar’s next-generation sensors as part of its open architecture approach to unmanned systems.
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner,
Mahalunge Road, Baner, Pune - 411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Follow Us: LinkedIn | Facebook | Twitter
The global aerostructures market size was USD 44.93 billion in 2020. The market is projected to grow from USD 47.40 billion in 2021 to USD 80.48 billion in 2028 at a CAGR of 7.86% in the 2021-2028 period.
This information is brought to you by Fortune Business Insights™, in its report, titled, “Aerostructures Market, 2021-2028.”
According to our research experts, the upsurge in aircraft deliveries by the chief aircraft manufacturers is projected to assist in market growth. For example, in 2019, the Boeing Company supplied a total of 380 aircraft, while, Airbus SE set a novel record by delivering a total of 863 fleets.
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aerostructures-market-101663
List of the Companies Profiled in the Global Market:
- AAR Corporation (Illinois, U.S.)
- Bombardier Inc. (Montreal, Canada)
- Cyient Ltd. (Hyderabad, India)
- GKN plc (Redditch, U.K.)
- Leonardo S.P.A. (Italy)
- RUAG International Holding AG (Bern, Switzerland)
- Saab AB (Sweden)
- Spirit AeroSystems Holdings Inc. (Wichita, U.S.)
- STELIA Aerospace Group (France)
- Triumph Group, Inc. (Berwyn, U.S.)
- Collins Aerospace (Charlotte, U.S.)
- Elbit Systems Ltd. (Haifa, Israel)
COVID-19 to Decline Amount of Commercial Aircraft Deliveries
The COVID-19 pandemic has created a major influence on the aerospace and defense industry. In the first quarter of 2020, The Boeing Company and the Airbus SE recorded the delivery of 70 and 196 aircraft, correspondingly.
Furthermore, in 2019, during the same timeframe, approximately 389 aircraft were supplied by both the involved companies. This demonstrates that there is a deterioration in aircraft deliveries owing to the pandemic across the world. The weakening in aircraft deliveries and fresh orders has impacted the market. These factors are expected to impact the aerostructures space in a negative manner.
What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market.
SEGMENTATION
On the basis of component
- Wings
- nose
- fuselage,
- nacelle
- pylon
- empennage
Based on material
- Alloys
- composite
- metals
In terms of platform
- fixed-wing aircraft
- rotary-wing aircraft
DRIVING FACTORS
Rising Demand for Unmanned Aerial Vehicles to Endorse Growth
The rising emphasis on advancing the defense services by the countries across the world is augmenting the demand for UAVs. These unmanned vehicles are extensively being implemented owing to the rising border disputes and conflicts.
The rising acceptance of UAVs is thrusting the demand for advanced aerostructures components to safeguard stringent alertness and security along the boundaries. This, combined with technological progressions in manufacturing is projected to bolster the aerostructures market growth during the forecast period.
REGIONAL INSIGHTS
North America to Lead Market due to an Expansive Aviation Sector
North America held the highest aerostructures market share and is projected to lead the global market during the forecast period. This is accredited to the surging business and commercial aviation industry in the region that has the biggest aerospace and defense aircraft demand worldwide.
Asia Pacific is estimated to display the fastest growth in the region during the forecast period. The growth can be accredited to the augmenting emphasize on the development of the aircraft manufacturing units in the region.
Europe held the second largest market share in 2020. This is credited to the increasing aircraft component demand from key aircraft manufacturing divisions of Airbus SE and ATR from nations such as Germany, Italy, France, and the U.K, among others.
COMPETITIVE LANDSCAPE
Partnerships among Companies to Secure Their Brand Values in Global Market
Important players in this market are incessantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering up with other companies to extend their reach to end-users.
Industry Development:
March 2021: Magellan aerospace corporation declared an agreement with Boeing commercial airplanes for expansion of supply of landing gear kit and other compound structural components for the 737, 767, as well as 777 airplanes.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/aerostructures-market-101663
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights-Impact of COVID-19 Pandemic on Global Aerostructures Market
- Impact of COVID-19 Pandemic on Global Aerostructures Market
- Steps Taken by Industry/Companies/Government to Overcome the Impact
- Potential Opportunities due to COVID-19 Outbreak
- Global Aerostructures Market Analysis, Insights and Forecast, 2017-2028
- Segmental Definitions
- Market Analysis, Insights and Forecast – By Component
- Wings
- Nose
- Fuselage
- Nacelle and Pylon
- Empennage
- Others
- Market Analysis, Insights and Forecast – By Material
- Alloys
- Metal
- Composite
TOC Continued…!
Speak to Our Expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/aerostructures-market-101663
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Comments
Post a Comment