New Research: Global Large and Mid Size Unmanned Ground Vehicles Market Exceed to $2.9 Billion Till Year 2016
Global Large and Mid Size Unmanned Ground Vehicles Market at $637 million in 2009, sink to $364 million in 2011 as development funds are cut, and grow again to reach $2.9 billion by 2016 as companies leverage existing technology to field military unmanned ground vehicles. As illustrated in the chart, the development phase lasts through 2014. At that time, units become commercially feasible, initially for the military, then later on for commercial markets. These create enormous benefit for the economy,...
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