Unmanned Ground Vehicles Market Growth Opportunity
Market Overview: Unmanned Ground Vehicles (UGVs) Market is expected to grow USD 3.6 Billion at a CAGR 5.7% by 2022-2027 Factors such as increasing d emand for autonomous systems in defense and commercial sectors and the advancements in UGVs systems are expected to drive the growth of the market. Additionally, increasing product launches by companies such as BAE Systems is also expected to drive the growth of the market. For example, in 2017, BAE Systems launched a single and double-tracked UGV named Ironclad that assists in performing combat, reconnaissance, and casualty evacuation roles. Moreover, the growing adoption of UGVs for commercial applications such as physical security, oil & industry, and agriculture industry is also expected to drive the growth of the segment. However, issues related to the absence of advanced visual capabilities and the need for continuous and uninterrupted power supply in UGVs might hamper the growth of this market....