Close this Advertisement

New numbers on global market for UAVs

  • By Defense Systems Staff
  • Aug 10, 2012

Analysts say the global unmanned aircraft market will continue to expand over the next 10 years as many nations increase spending on autonomous systems, reports Defense News.

About $81.3 billion will be spent globally on unmanned aircraft procurement, services, and research and development over the next 10 years, Derrick Maple, an analyst with HIS, is quoted as saying in the story.

“We are very much still at the early stages of the life cycle of this market,” Maple said Aug. 7 at the Association for Unmanned Vehicle Systems International’s annual North America Unmanned Systems conference."

The global unmanned aircraft market is about $11 billion, with the U.S. share totaling about $4.5 billion, the story said.

“We’re predicting the market to drop back in the U.S. over the next five years and then a resurgence as new programs come on stream,” Maple said.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Your Name:(optional)
Your Email:(optional)
Your Location:(optional)
Comment:
Please type the letters/numbers you see above

Webcast

  • Improving Performance Management and Project Control to Meet Cost/Schedule Milestones in DoD Procurement

    It can be nearly impossible to build annual budgets that consider forecasted project and program work plans along with detailed cost data, particularly when attempting to reconcile actual and projected program costs with actual schedule performance. In this webcast, a defense IT program manager will share best practices and hard-won lessons aligning critical data on project performance, cost systems and schedules for truly big picture program management insight. Read more