Global Autonomous Military Vehicle Market 2021-2025

Global Autonomous Military Vehicle Market 2021-2025

Technavio has been monitoring the autonomous military vehicle market and it is poised to grow by $ 457.09 mn during 2021-2025, progressing at a CAGR of 11.10% during the forecast period. Our report on the autonomous military vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing concerns over improvised explosive device (IED) blasts incentivizing government-funded development and the preference for retrofitting commercial vehicles with specialized remote driving technology. In addition, increasing concerns over improvised explosive device (IED) blasts incentivizing government-funded development is anticipated to boost the growth of the market as well.

The autonomous military vehicle market analysis includes the product segment and geographic landscape.

Technavio's autonomous military vehicle market is segmented as below:

By Product

• Semi-autonomous vehicle
• Fully autonomous vehicle

By Geographical Landscape

• North America
• APAC
• Europe
• MEA
• South America

This study identifies the increasing competition in the appliqué robotic kit spaceas one of the prime reasons driving the autonomous military vehicle market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on autonomous military vehicle market covers the following areas:

• Autonomous military vehicle market sizing
• Autonomous military vehicle market forecast
• Autonomous military vehicle market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading autonomous military vehicle market vendors that include BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., Kratos Defense and Security Solutions Inc., Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., Polaris Inc., Rheinmetall AG, and RUAG International Holding Ltd. Also, the autonomous military vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., Kratos Defense and Security Solutions Inc., Lockheed Martin Corp., Northrop Grumman Corp., Oshkosh Corp., Polaris Inc., Rheinmetall AG, RUAG International Holding Ltd.