According to the research report titled ‘Unmanned Ground Vehicles (UGV) Market Size By Commutation Type, By Application, By Size, By Operation By Component  Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global unmanned ground vehicles (UGV) market is slated to register significant growth by the year 2026.
 

High application potential of unmanned ground vehicles across commercial sector and in defense operations is a major factor driving the market growth. Rapid technological advancements in order to integrate cutting-edge features in these vehicles will fuel the market size.
 

As per communication type, wheeled UGV market segment is predicted to grow considerably during the forecast period, primarily due to surging demand from commercial applications. Meanwhile, legged UGV segment is reckoned to acquire prominent returns in the forthcoming years. The product can perform various manned and unmanned combined missions making them ideal for both defense and commercial applications. Hybrid UGV market segment is also poised to generate moderate revenues, owing to the vehicle’s capability to operate in various terrains.
 

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Worldwide unmanned ground vehicles industry share from defense application segment is estimated to record a momentous growth rate through 2026. Growing demand for unmanned ground vehicles in combat missions and to conduct various high-risk operations is favoring the market outlook.
 

Alternatively, commercial application segment is expected to generate lucrative growth in the subsequent years. UGVs are widely adopted in fighting operations since they help in reducing human fatalities and lower risk of injuries. Increasing crude oil production and extraction processes will also foster the demand for unmanned ground vehicles.
 

In term of size, medium scale unmanned ground vehicles market segment is anticipated to witness rapid expansion in the ensuing years. Inclination towards using such vehicles for agriculture and mining activities is positively influencing the growth of the segment.
 

By component type, motors/actuators segment is expected to grow significantly by the year 2026, primarily due to shifting focus towards technological advancements in order to enhance the operational efficiency of motors and actuators for UGVs.
 

Citing the regional spectrum, unmanned ground vehicles industry in Latin America is slated to expand considerably during the analysis timeframe, owing to increasing offshore wind farming activities in Mexico and Brazil.
 

The key participants in unmanned ground vehicles market are Howe & Howe Technologies Inc., Textron Systems, Milrem AS, FLIR Systems, iRobot Corp., Oshkosh Corp., Leonardo S.p.A., L3Harris Technologies, Lockheed Martin, Rheinmetall, RE2 Inc., QinetiQ Group Plc, Northrop Grumman Corp., ICOR Technology, HORIBA MIRA Ltd., General Dynamics Corp., Elbit Systems, Endeavor Robotics, DOK-ING, Cobham  Plc., Clearpath Robotics Inc., BAE Systems and Amtrac Ltd.