Unmanned Ground Vehicle Market Share

Market Share of Unmanned Ground Vehicle Industry

The unmanned ground vehicle market is highly fragmented, with several regional and global players holding significant shares in the market. Some of the prominent players in the market are Teledyne FLIR LLC, General Dynamics Corporation, Rheinmetall AG, QinetiQ, and Israel Aerospace Industries Ltd. Most of the UGV procurements and developments involve local players in developing countries. To gain technological expertise, some smaller local companies are also entering partnerships with global players. In a relatively new market like the UGV market, the number of start-ups and smaller companies with unique technological capabilities is high. In this regard, mergers and acquisitions are also expected to help players develop their capabilities.

In May 2021, Teledyne Technologies announced the successful completion of the acquisition of FLIR Systems. Also, in May 2021, AeroVironment Inc., a robotic systems manufacturer for military and public-safety applications completed its acquisition of Telerob GmbH for USD 45.4 million. Telerob GmbH develops unmanned ground vehicles and other mobile systems. Such acquisitions will help the companies develop their product portfolios and improve their share in the market. In addition to this, product innovation will also play a vital role in the success of the players, as the capabilities and applications of UGVs are constantly increasing.

Unmanned Ground Vehicle Market Leaders

1. Teledyne FLIR LLC

2. General Dynamics Corporation

3. QinetiQ

4. Rheinmetall AG

5. Israel Aerospace Industries Ltd.

*Disclaimer: Major Players sorted in no particular order