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Study: Northrop, Qinetiq, iRobot Collectively Hold 50% UGV Market Share

Study: Northrop, Qinetiq, iRobot Collectively Hold 50% UGV Market Share - top government contractors - best government contracting event

Military vehicleA Research and Markets report says Northrop Grumman, Qinetiq and iRobot represent more than 50 percent of the global market share in unmanned ground vehicles.

The worlwide UGV market has an estimated value of $1.51 billion in 2014 and is projected to reach $8.26 billion in value by 2020, the research firm said Thursday.

Growth will be driven by demand for UGVs defense and industrial applications and an increasing adoption of the platform to limit human risks during critical situations, according to Research and Markets.

The research firm expects Asian-Pacific nations to invest in unmanned land vehicles for military use over the next six years.

Large-scale UGV production in the U.S. and Canada could help grow the countries’ market share through 2020, the report states.

The report also cited Cobham, Lockheed Martin, ST Engineering, G-Nius and DOK-ING as several major players in the UGV market.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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