Unmanned Ground Vehicle Market by Application (Commercial, Defense, & Homeland Security), Technology (Tethered, Tele-operated, Semi-autonomous, Fully-autonomous), Payload (Fixed, Role Specific), Type (Locomotion, Size, Weapons, Energy Source) & by Geography (North America, Europe, Asia-Pacific, the Middle East, Latin America, Africa) - Forecasts & Analysis 2014–2020

Dallas, TX -- (SBWire) -- 01/29/2015 --According to the new market research report "Unmanned Ground Vehicle Market by Application (Commercial, Defense, & Homeland Security), Technology (Tethered, Tele-operated, Semi-autonomous, Fully-autonomous), Payload (Fixed, Role Specific), Type (Locomotion, Size, Weapons, Energy Source) & by Geography (North America, Europe, Asia-Pacific, the Middle East, Latin America, Africa) - Forecasts & Analysis (2014-2020)", published by MarketsandMarkets, Unmanned Ground Vehicles Market is estimated to be $1.51 Billion in 2014 and is anticipated to reach $8.26 Billion by 2020 at a CAGR of 32.72%, which includes an in-depth analysis of application and geography.

Browse more than 115 market data tables with 69 figures spread through 185 pages and in-depth TOC on "Unmanned Ground Vehicle Market".

You can Speak to Analyst
http://www.marketsandmarkets.com/speaktoanalyst.asp?id=140710720

Early buyers will receive 10% customization on this report.

There will be an increasing demand in offshore drilling activities to serve the global energy needs. The ROV market will show a significant increase in this sector. The need for seabed mapping and oceanographic environmental study for safeguarding the environment will be a key factor in the use of the UUV for scientific research purposes. The driving factor for this market will be the emergence of AIP (Air Independent Propulsion) systems and miniaturization in AUV, and the increased operational efficiency of the ROV to perform complex operations using various payloads.

Stringent market growth will be seen in countries such as Nigeria, Angola, Brazil, Chile, and, New Zealand, for the oil and gas sector and the countries such as China, Japan, and India, for the scientific research sector. The North American and European regions will show a comparatively sluggish growth over the next five years. There will be a slight decline in the global share of advanced markets defense budget cuts and the economic crisis.

The on-board battery endurance constraint will be taken care of by the introduction of the Air Independent Propulsion system (AIP) and solar cells. Miniaturization and better endurance will cause a significant increase the span of the seabed-mapping activities using AUV. The ultra-deepwater exploration activities will definitely prove to be a driver for the ROV market in the near future.

Get the copy of Report
http://www.marketsandmarkets.com/Market-Reports/unmanned-ground-vehicles-market-72041795.html?utm_source=sbwire&utm_medium=Referral&utm_campaign=PaidP

The increasing demand in energy globally, will significantly drive the oil and gas sector. The mine hunting, pipeline inspections, and mine countermeasure (MCM) operations, will require ROV to perform complex tasks. UUV will be primarily used for oil rig construction and maintenance activities.

About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: 888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog
http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn
http://www.linkedin.com/company/marketsandmarkets