India Unmanned Ground Vehicle Market by Mode of Operation (Teleoperated and Autonomous), by Mode of Locomotion (Tracked, Wheeled, Legged, and Hybrid), by Size (Small, Medium, and Heavy), and by End-User Industry (Military & Defense, Agriculture, Mining, Law Enforcement, and Others) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Aerospace & Defense | Publish Date: 06-Aug-2024 | No of Pages: 129 | No. of Tables: 96 | No. of Figures: 61 | Format: PDF | Report Code : N/A
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India Unmanned Ground Vehicle Market Overview:
The India Unmanned Ground Vehicle Market size was valued at USD 111.2 million in 2023, and is predicted to reach USD 234.5 million by 2030, with a CAGR of 10.0% from 2024 to 2030. In terms of volume, the market size was 1086 units in 2023, and is projected to reach 2791 units by 2030, with a CAGR of 14.4% from 2024 to 2030.
Unmanned ground vehicles (UGVs) represent robotic systems engineered to autonomously operate on land without human intervention. From compact and agile units to larger, rugged models capable of traversing challenging landscapes, UGVs come in diverse sizes to cater to various needs. Some are tailored for specific tasks such as pipeline inspection or hazardous material handling, while others offer versatility for multiple applications. Equipped with sensors, cameras, and specialized equipment, these vehicles are well-equipped to perform a wide range of tasks. UGVs are essential for inspection, surveillance, mapping, and search and rescue missions. Their deployment covers hazardous, repetitive, or contaminated environments, including urban, rural, and off-road terrains.
UGVs find applications across military, search and rescue, agricultural, and transportation sectors. UGVs can operate autonomously, relying on advanced navigation systems, or they can be remotely controlled by human operators. A significant advantage of UGVs is their capability to navigate and execute tasks in environments considered too hazardous or inaccessible for humans, such as bomb disposal, hazardous material inspection, or search and rescue missions in collapsed structures. Moreover, UGVs excel in tasks that are tedious or monotonous for humans, including surveillance and patrolling duties. Furthermore, they play a crucial role in agriculture and forestry, aiding in tasks such as crop monitoring, mapping, and inspection of irrigation systems.
Increased Military Spendings on UGV Procurement Boosts the India Unmanned Ground Vehicle Market Growth
The Indian government's increased military spending has spurred a surge in the procurement of unmanned ground vehicles (UGVs) by the Indian armed forces, contributing significantly to the growth of the UGV market. With a notable 9.8 percent increase in allocations for the Ministry of Defense (MoD) to USD 70.6 billion announced in February 2022, India underscores its commitment to strengthening its defense capabilities. The heightened allocation of funds has translated into the adoption of advanced UGVs, such as Milrem Robotics' Tracked Hybrid Modular Infantry System (The MIS), which offers versatility and functionality for various military missions. The recent procurement of The MIS by the Indian Army exemplifies India's efforts to modernize its military arsenal and leverage cutting-edge technology to enhance operational effectiveness. With applications ranging from surveillance and reconnaissance to transportation and logistics tasks, The MIS and similar advanced UGVs are poised to drive further growth in the UGV market in India.
Rising Government Initiatives Towards the Expansion of UGV Manufacturing Drives the India UGV Market
The increased funding by the MoD also presents an opportunity for the expansion of UGV manufacturing in India, aligning with the government's push to develop a robust domestic defense industry. The promotion of indigenous defense production is expected to attract more companies to enter the UGV market in India, fostering competition and driving innovation. This influx of manufacturers is likely to lead to the development of more advanced UGV technology in India, enhancing the country's defense capabilities and bolstering its position in the UGV market. For instance, the Defense Research and Development Organization (DRDO)'s plans to develop a new combat UGV based on India's Arjun Mk 1A main battle tank (MBT) exemplify India's commitment to indigenous UGV development and innovation, further stimulating market growth.
High Cost and Lack of Standardization of UGVs Restrain the India unmanned ground vehicle Market Growth
The significant expenses associated with developing and deploying Unmanned Ground Vehicles (UGVs) represent a major obstacle to the market's expansion. Typically, UGVs involve substantial investments in both their development and manufacturing phases, discouraging certain companies or organizations from investing in them. These vehicles necessitate advanced technologies and specialized components, resulting in significant costs for production and maintenance. Furthermore, the complex and time-consuming process of integrating UGVs into existing systems and workflows further inflates their overall cost. Moreover, the lack of standardization within the UGV market presents another challenge to its growth. Various UGV types and sizes are available, often tailored for specific tasks or environments, complicating the selection process for companies and the creation of products compatible with diverse systems and applications by manufacturers.
The Convergence of AI and the Advancement of Intelligent UGVs Generate Numerous Opportunities
The infusion of artificial intelligence (AI) into Unmanned Ground Vehicles (UGVs) introduces fresh horizons for the enhancement of intelligent UGVs. Outfitted with state-of-the-art technologies such as machine learning and natural language processing, these vehicles can autonomously execute tasks and make decisions at an advanced level, thereby elevating their precision and reliability and rendering them indispensable assets across a myriad of industries.
The rise of intelligent UGVs holds the promise of revolutionizing diverse sectors by amplifying efficiency, diminishing reliance on human labor, and fortifying safety protocols. Within the military and defense realm, intelligent UGVs fulfill pivotal roles in reconnaissance and surveillance, furnishing invaluable intelligence while mitigating risks to human personnel. Similarly, in agriculture, they contribute to endeavors such as precision farming, augmenting crop yields and curtailing resource usage. Consequently, the progression of intelligent UGVs presents a significant market opportunity, poised to profoundly impact various industries and instigate fresh avenues for growth and innovation.
Competitive Landscape
Several market players operating in the India unmanned ground vehicle industry include QinetiQ Group, Elbit System, Rheinmetall AG, General Dynamics Corporation, Teledyne FLIR LLC, L3Harris Technologies, Inc., Textron Systems (Howe & Howe Technologies), Boston Dynamics, Milrem Robotics, and Clearpath Robotics. These market players are adopting various strategies to maintain their dominance in the market.
India Unmanned Ground Vehicle Market Key Segments
By Mode of Operation
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Teleoperated
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Autonomous
By Mode of Locomotion
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Tracked
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Wheeled
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Legged
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Hybrid
By Size
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Small
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Medium
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Heavy
By End-User Industry
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Military and Defense
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Agriculture
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Mining
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Law Enforcement
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Others
REPORT SCOPE AND SEGMENTATION:
|
Details |
|
|
Market Size in 2023 |
USD 111.2 Million |
|
Revenue Forecast in 2030 |
USD 234.5 Million |
|
Value Growth Rate |
CAGR of 10.0% from 2024 to 2030 |
|
Market Volume in 2023 |
1086 Units |
|
Unit Forecast in 2030 |
2791 Units |
|
Volume Growth Rate |
CAGR of 14.4% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
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QinetiQ Group
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Elbit System
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Rheinmetall AG
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General Dynamics Corporation
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Teledyne FLIR LLC
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L3Harris Technologies, Inc.
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Textron Systems (Howe & Howe Technologies)
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Boston Dynamics
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Milrem Robotics
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Clearpath Robotics
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