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The global military Unmanned Ground Vehicles (UGV) market will be driven by internal and external security threats, territorial disputes, and modernization initiatives undertaken by armed forces across the world. Significant UGV customers include countries in the North American, European and Asia Pacific region, and the global UGV market will be dominated by the US throughout the forecast period. North America’s share of the global UGV market is projected to increase further, driven by a vision to operate a future army with fewer soldiers and more number of autonomous robots and remote controlled unmanned ground vehicles
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The global military UGV market values US$444.8 million in 2016, and is expected to grow at a CAGR of 4.76%, to value US$707.8 million by 2026
North America is projected to dominate the market with a share of 52.1% over the forecast period, followed Europe at 24.3%, and Asia Pacific at 15.8%.The Middle Eastern market for UGVs is expected to account for a share of 6.8%
Over the forecast period, the Explosive Ordnance Disposal segment is expected to account for 51.3% of the market, while Intelligence, Surveillance and Reconnaissance (ISR) and the Others segments are expected to account for shares of 40.9% and 7.8% respectively.
sample companies are Northrop Grumman Corporation Lockheed Martin iRobot Roboteam QinetiQ Recon Robotics Nexter Robotics ASELSAN Dok-Ing Ltd. Boston Dynamics
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