According to the report—‘Unmanned Ground Vehicle Market by Application (Defense-ISR, EOD, Crew Integration, Commercial-Agriculture, Field, Domestic, Transportation), Mobility (Wheeled, Tracked), Size, Component, Modes of Operation, Payload & Region - Global Forecast to 2021', published by MarketsandMarkets—the market is estimated to be valued at USD 1.49 Billion in 2016 and is projected to reach USD 2.63 Billion by 2021, at a CAGR of 12.14 percent during the forecast period. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.
The increasing demand for UGVs in the commercial and defense sectors and technological innovations that have created a demand for UGVs to perform complex operations with minimal human intervention and better safety are the major factors driving the UGV market.
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