Subscribe free to our newsletters via your
. Military Space News .




UAV NEWS
Report: drone market to remain strong
by Richard Tomkins
Farnborough, England (UPI) Jul 18, 2013


disclaimer: image is for illustration purposes only

A new study on the unmanned aerial vehicle market forecasts increased spending on the systems and increased civil sector use of the aircraft.

The Teal Group, an aerospace and defense market analysis firm, said it estimates UAV spending will nearly double over the next decade -- from $5.7 billion annually to $9.9 billion annually.

It also predicts changes in usage.

"The UAV market continues to evolve and become an increasingly global market," said Philip Finnegan, Teal Group's director of corporate analysis and an author of the study.

"And our coverage of the civil UAV market continues to grow with each annual report, mirroring the gradual increase in the civil market itself. Our 2014 UAV study calculates the UAV market at 89 percent military, 11 percent civil cumulative for the decade, with the numbers shifting to 86percent military and 14 percent civil by the end of the 10-year forecast."

The Teal Group made its forecasts public at the Farnborough International Air Show.

Among UAV-related topics looked at in its "World Unmanned Aerial Vehicle Systems, Market Profile and Forecast 2014," were UAV payloads, including electro-optic/infrared sensors, synthetic aperture radars, signal intelligence and electronic warfare systems.

Sensor payloads for UAVs, the company said, are forecast to double in value over the next 10 years -- from $2.8 billion to $5.6 billion.

.


Related Links
UAV News - Suppliers and Technology






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








UAV NEWS
US drone strike kills 18 in NW Pakistan
Bannu, Pakistan (AFP) July 16, 2014
A US drone strike on Wednesday killed least 18 people in a suspected militant compound in Pakistan's northwestern tribal belt, as the country's military wages a major offensive against insurgent hideouts. The attack came in North Waziristan, where for the past month the Pakistani military has been fighting to wipe out longstanding bases of Taliban and other militants. "A US drone fired t ... read more


UAV NEWS
US lawmakers boost funding for Israel's Iron Dome

Qatar to buy Patriot missiles in $11 bln arms deal: US

Qatar to buy Patriot missiles in $11 bln arms deal: US

Industries study enhanced missile defense capability

UAV NEWS
Storm Shadow missiles set for integration of RAF Typhoons

AC-235 gunships for Jordan feature missiles, rockets and cannons

Russian-made missile key suspect in MH17 crash

Brazil interested in Russian air defenses: Rousseff

UAV NEWS
Report: drone market to remain strong

Chinese remote sensing drone sets 30-hour flying record

US drone strike kills 18 in NW Pakistan

AgustaWestland's remotely controlled UAV put through paces

UAV NEWS
Third MUOS satellite heads for final checkout

Saab reports U.S. Army order for radio systems

Thales enhancing communications of EU peacekeepers

Exelis enhancing communications for NATO country

UAV NEWS
Lithuania to replace M113 armored personnel carriers

AM General touts Humvee replacement offering

Exelis licenses Belgian technology

Air Force contracts Boeing for continued warhead system work.

UAV NEWS
India clears defence procurement worth $3.5 bn: report

Britain still exporting arms to Russia: MPs

EU to prepare defence sanctions against Russia: Austria FM

Japan, Britain to launch joint missile research: report

UAV NEWS
The X-Gen Men at 1600 and Number 10

China's Xi in Cuba on last stop of Latin America swing

Malaysia Flight 17 and the decline of the West

Britain's Cameron urges military sanctions against Russia

UAV NEWS
NIST shows ultrasonically propelled nanorods spin dizzyingly fast

Low cost technique improves properties of nanomaterials

Researchers demonstrate novel, tunable nanoantennas

Illinois study advances limits for ultrafast nano-devices




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.