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News

UAV market to reach over 8 billion dollars by 2018

Research And Markets : 03 March, 2014  (New Product)
Report details the overall growth in the worldwide market for Unmanned Aerial Vehicles (UAV) until 2018
UAV market to reach over 8 billion dollars by 2018

Research and Markets has announced the addition of the "Global Unmanned Aerial Vehicle Market 2013 - 2018" report to their offering.

In today's context Unmanned Aerial Vehicles (UAVs) play an important role in varied missions such as military attacks, border surveillance, mapping, surveying, weather determination and regional law enforcements. This technology has grown at a rapid pace and production companies are emerging across the globe.

UAVs have developed from radio controlled model airplanes to urbane aircraft that today play a unique role in many public missions and also have the potential to do so in civilian situations.

According to industry estimates, UAV operations will increase manifold in a variety of key military and civil areas. In the US an estimated 50 companies, universities, and government organizations are developing over 150 different unmanned aircraft designs. From an operational, infrastructure and safety perspective, this presents a number of challenges due to the diversity of aircraft, control stations, levels of autonomy, and communications methods. UAV's have a wide spectrum of size, endurance, and performance characteristics, often different from manned aircraft.

Key Findings of the Report:

- The global UAV market size can be expected to grow to $8,351.11 million by 2018.
- (HALE/MALE/SUAV) Market has the highest business potential throughout the study period.
- Among the countries manufacturing UAVs, the USA and Israel will be the maximum revenue generators.
- SPUAV (Solar Powered Unmanned Aerial Vehicle) will be one of the major technological advances in the near future.
- General Atomics Aeronautical Systems is the leader in UAV market with 18.78% of the market share.

The report can be purchased directly from Research and Markets here: "Global Unmanned Aerial Vehicle Market 2013 - 2018"

 

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