Market Size of Military Unmanned Ground Vehicle Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.73 Billion |
| Market Size (2029) | USD 2.68 Billion |
| CAGR (2024 - 2029) | 9.07 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Military Unmanned Ground Vehicle Market Analysis
The Military Unmanned Ground Vehicle Market size is estimated at USD 1.73 billion in 2024, and is expected to reach USD 2.68 billion by 2029, growing at a CAGR of 9.07% during the forecast period (2024-2029).
As per the Stockholm International Peace Research Institute (SIPRI), global military spending increased by 2.6% to reach USD 2.2 trillion in 2022. A significant portion of this defense expenditure was used for the procurement of unmanned systems to reduce the threat to the lives of human assets.
There is a growing use of UGVs to carry out counter-insurgency and combat operations. It is primarily to reduce human casualties in such situations. UGVs are also being used in various missions to enhance military situational awareness in urban warfare in conjunction with UAVs. Technological advancements, in terms of payloads and electronics, are expected to augment the rapid growth of the market studied. The market studied is still in the early stages in several developing countries in terms of its mass adoption and usage.
