TechNavio Sees ‘Growing Inclination’ Toward Unmanned Ground Vehicles

Technavio is seeing a growing market appetite for unmanned ground vehicles and has predicted that the UGV market will set a compound annual growth rate of 34 percent from 2015 through 2019.

Technavio’s new report attributes this market trend to a growing preference for the UGV’s functions in rescue operations, detonation of explosives and detection of enemy troops, the market research firm said Wednesday.

Reduced risk of fatalities will also drive the market, according to the report.

The UGV market, however, faces a challenge from battery durability and energy limitation issues, the firm says.

“UGVs face payload problems combined with limited space, thus affecting the power supply of the batteries,” Technavio noted.

The report profiles tier-one market vendors such as Cobham, General Dynamics, iRobot, Lockheed Martin, Northrop Grumman and QinetiQ Group based on their revenues during the financial year 2013.