South Korea 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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South Korea Unmanned Ground Vehicle Market Overview:
The South Korea Unmanned Ground Vehicle Market size was valued at USD 35.6 million in 2023, and is predicted to reach USD 80.0 million by 2030, with a CAGR of 11.0% from 2024 to 2030. In terms of volume, the market size was 434 units in 2023, and is projected to reach 1186 units by 2030, with a CAGR of 15.4% from 2024 to 2030.
Unmanned ground vehicles (UGVs) are robotic platforms designed to function autonomously on land without direct human involvement. Available in various sizes, from compact and agile to large and rugged, UGVs are tailored to suit different operational requirements. While some are specialized for tasks such as pipeline inspection or hazardous material handling, others offer flexibility for multiple applications. Equipped with sensors, cameras, and specialized equipment, these vehicles are well-equipped to perform a wide range of tasks. UGVs are employed in inspection, surveillance, mapping, and search and rescue operations. They are deployed in hazardous, repetitive, or contaminated environments, spanning urban, rural, and off-road terrains.
UGVs provide invaluable support in military, search and rescue, agricultural, and transportation sectors. They can operate autonomously, leveraging 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 dangerous or inaccessible for humans, such as bomb disposal, hazardous material inspection, or search and rescue missions in collapsed structures. Additionally, UGVs excel in tasks that are repetitive or monotonous for humans, including surveillance and patrolling duties. Moreover, they play a crucial role in agriculture and forestry by assisting in tasks such as crop monitoring, mapping, and inspection of irrigation systems.
Growing Technological Advancements in UGVs Drives the South Korea UGV Market
South Korea's reputation for advanced technology and innovation, particularly in robotics and automation, provides a fertile ground for the development of unmanned ground vehicle (UGV) technology. The country's robust engineering and manufacturing base has empowered companies to pioneer advanced UGV systems, fostering a culture of innovation and continuous improvement. Ongoing programs and initiatives fuel a high level of innovation in UGV technology, with companies continually developing new and enhanced UGV systems for diverse applications. This relentless pursuit of innovation is poised to propel the growth of the UGV market in South Korea, positioning the country as a leader in UGV technology advancement.
Rising Government Investments Propels the South Korea Unmanned Ground Vehicle Market
South Korea's strong government backing for the development and deployment of UGV technology further accelerates market growth. The government's substantial investments in UGV research and development provide funding and resources to companies and institutions engaged in UGV projects, fostering an environment conducive to technological advancement and competitiveness. The deployment of new multi-purpose UGVs by the South Korean military, developed by Hyundai Rotem, exemplifies the government's commitment to advancing UGV technology for defense and security applications. Equipped with state-of-the-art features such as long-range cameras and remote-controlled weapon stations, these UGVs demonstrate South Korea's technological prowess and readiness to leverage UGVs for various strategic purposes. The government's unwavering support underscores South Korea's position as a key player in the UGV market, driving continued growth and innovation in the industry.
High Cost and Lack of Standardization of UGVs Restrain the South Korea Unmanned Ground Vehicle Market Growth
The significant costs associated with the development and deployment of Unmanned Ground Vehicles (UGVs) represent a major hindrance to market growth. Typically, UGVs require substantial investments in both their development and production stages, which may discourage some companies or organizations from investing in them. These vehicles rely on advanced technologies and specialized components, leading to high production and maintenance expenses. Furthermore, integrating UGVs into existing systems and processes can be complex and time-consuming, further driving up costs. Additionally, the lack of standardization in the UGV market inhibits growth. With various types and sizes of UGVs available, often customized for specific tasks or environments, companies may struggle to choose the right UGV for their needs, while manufacturers face challenges in producing products compatible with different systems and applications.
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 South Korea 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.
South Korea 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:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 35.6 Million |
|
Revenue Forecast in 2030 |
USD 80.0 Million |
|
Value Growth Rate |
CAGR of 11.0% from 2024 to 2030 |
|
Market Volume in 2023 |
434 Units |
|
Unit Forecast in 2030 |
1186 Units |
|
Volume Growth Rate |
CAGR of 15.4% 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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