UAV Market on Rise -- U.S Market Alone Will Generate $86.5 Bln in 2013-2018

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Unmanned vehicles are going to be the future not only of the Air Force, but also an increasing amount of aviation activity in the decades ahead

(PRWEB) June 26, 2010

Updated December 2011 -- The U.S. military UAV market is projected to grow at a CAGR of 12% between 2013 and 2018, these are conclusions of recently released U.S. Military Unmanned Aerial Vehicles (UAV) Market Forecast 2013-2018, a new research report of Market Research Media Ltd. The report finds that the U.S. military UAV market will generate $86.5 billion revenues over the period 2013-2018.

The UAV market has witnessed a meteoric growth over the past decade. UAS development went through a quantum leap, from lab concept to battle-tested proven technology. Unmanned aerial vehicles (UAVs) have proven their worth in operations around the world. Unmanned Aerial Systems (UAS) are considered today a key component of U.S. defense transformation and an integral part of U.S. military doctrine.

"Unmanned vehicles are going to be the future not only of the Air Force, but also an increasing amount of aviation activity in the decades ahead," said Senator Byron L. Dorgan.

The report provides detailed year-by-year (2013-2018) forecasts for the following U.S. U.S. Military Unmanned Aerial Vehicles (UAV) market segments:

• R&D, tests and evaluation
• Unmanned Air Vehicles
• Payloads
• Ground Control Systems
• Service, support and maintenance
• Training
• Data management
• Revenues by UAV Groups (by vehicle airspeed, weight, and operating altitude)

Market Research media analysts have found that there is a widening gap between growing UAV fleet and UAV infrastructure development, especially in such sectors as training; service, support and maintenance; and data management. This gap creates a number of market opportunities for UAV vendors, both large defense contractors and small technology companies.

Military procurement of UAS, including unmanned aircrafts, payloads, CGS makes the DoD the single largest consumer of UAV technology in the world. We can predict with a great deal of confidence that the U.S. Government will continue to invest in UAS as much as needed to keep its dominance, both technological and pure force factor, in the next decades.

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