Jay Clemens
ReportsnReports has projected the global unmanned ground vehicle market to be worth $8.26 billion by 2020, a 32.72 percent increase from the firm’s 2014 figure.
The market research firm’s new report analyzes emerging trends and major countries from North America, Europe, Asia-Pacific, the Middle East, Latin America and Africa regions, MarketsnMarkets said Thursday.
ReportsnReports also examines UGV applications in aeronautics and space, transportation, energy, industrial operations, safety surveillance and defense applications.
The product analysis comprises the types of UGVs based on locomotion, energy source, weapons and size.
The report also analyzes market restraints and opportunities for growth between 2014 and 2020, as well as identifies key market players.
ReportsnReports lists Northrop Grumman, Qinetiq Group, Cobham, Lockheed Martin, General Dynamics, BAE Systems and Oshkosh as among the major players in the market.
