Market Overview

Global Autonomous Military Vehicle Market 2018-2022 to Post a CAGR of 16% | Technavio

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Technavio
analysts forecast the global autonomous military vehicle market to grow
at a CAGR of nearly 16% during the forecast period, according to
their latest market research report.

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Technavio has published a new market research report on the global autonomous military vehicle marke ...

Technavio has published a new market research report on the global autonomous military vehicle market from 2018-2022. (Graphic: Business Wire)

Truck platooning is one of the major trends being witnessed in the global
autonomous military vehicle market 2018-2022
. In vehicle
platooning, multiple cars, buses, and trucks travel at an
aerodynamically efficient distance and maintain the distance at high
speeds. For platooning, the autonomous system installed in vehicles uses
ADAS, along with high-end specific platooning algorithms, involving the
use of radar, LiDAR, and cameras. Vehicles in the fleet communicate via
wireless connectivity and automatically synchronize speed and braking
actions, thereby, resulting in better fuel efficiency and improved
traffic congestion control for all vehicles in the platoon.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global autonomous military vehicle market is the
increasing concerns over IED blasts incentivizing government-funded
development:

Global autonomous military vehicle market:
Increasing concerns over IED blasts incentivizing government-funded
development

IEDs are one of the oldest types of weapons used in military warfare.
They are employed to inflict grievous physical injuries and damage
critical infrastructure. The use of IEDs is highly regulated and
necessitate full adherence to international humanitarian law, especially
the rules of distinction, proportionality, and precautions in attack.
Although the indiscriminate use of IEDs against civilians or civilian
objects is strictly prohibited, their unlawful use, particularly by
non-state armed groups and rogue individuals, is rapidly rising.

According to a senior analyst at Technavio for research on defense,
"Researchers have developed an augmented reality system, which will
involve a combination of traditional cameras, thermal infrared sensors,
and ground penetrating radar to track and identify potentially dangerous
objects from up to 30m away. The augmented reality systems will be
deployed on autonomous vehicles, drones, or robots before they are sent
into the field. Complementing technologies installed in autonomous
vehicles will help ensure that in case if an IED is missed by one scan,
it is picked up by another."

Global autonomous military vehicle market:
Segmentation analysis

The global autonomous military vehicle market research report provides
market segmentation by product (semi-autonomous vehicle and fully
autonomous vehicle) and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

The semi-autonomous vehicle segment held the largest market share in
2017, accounting for nearly 72% of the market. This product segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 54%.
The region is expected to dominate the market through 2022, however,
there will be a decrease in its market share of nearly 8%.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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