Global Unmanned Aerial Vehicles & Systems Market to Reach $5.6 Billion by 2015, According to New Report by Global Industry Analysts

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Global market for Unmanned Aerial Vehicles witnessed remarkable growth in the recent past, and is expected to sustain the growth during the forthcoming years. There appears to be no let up in the appetite for UAVs across the world. Moreover, several countries are seeking for a wide range of UAVs with enhanced capabilities for military as well as civilian applications.

Unmanned Aerial Vehicles (UAV) & Systems: A Global Strategic Business Report

Unmanned aerial vehicles represent a major force in the modern day battlefield, and have a crucial position, especially in military arsenals from the US and Europe to the Middle East and Asia. UAVs represent the fastest growing and the most dynamic growth segment within the aerospace industry. Global UAV funding is expected to witness growth in the near future, primarily driven by the rapid technological changes and developments, particularly in the information technology industry.

Unmanned Aerial Vehicles are known for their proven performance in areas such as surveillance, intelligence, and reconnaissance and have become a key element in today's military warfare. The new areas of application such as hunter-killer operations are supporting the UAV market to gain further ground. Research, development, test and evaluation aimed at developing new generation UAVs is prevalent in several countries across the world.

Market for unmanned aerial systems in the US gained substantial momentum in the recent past as a result of increased mission roles and operational successes. Post September 2001 attacks the ISR (intelligence, surveillance and reconnaissance) requirements in the US have become highly crucial. The military leads the US market in terms of number of unmanned aerial systems, and mission variety. Two manufacturers, General Atomics, and Northrop Grumman, dominate the US unmanned aerial systems market, with several smaller companies offering small and tactical UAVs.

Key players dominating the global unmanned aerial vehicles and systems market include AAI Corporation, Aeronautics Defense Systems Ltd., AeroVironment, Inc., Alenia Aeronautica S.p.A., Aurora Flight Sciences Corporation, BAE Systems Plc, Bell Helicopters Textron, Inc., CybAero AB, Cyber Defense Systems Inc., EADS NV, Elbit Systems Ltd., General Atomics Aeronautical Systems, Inc., Honeywell Aerospace, Israel Aerospace Industries Ltd., Northrop Grumman Corporation, QinetiQ Group Plc, Raytheon Company, Sagem D¥nse Sõrit Science Applications International Corporation (SAIC), Thales SA, The Boeing Company, and V-TOL Aerospace Pty Limited.

The report titled "Unmanned Aerial Vehicles (UAV) & Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of world market trends and drivers, market sizing data, industry issues and challenges. The study presents extensive commentary on the product overview, new product introductions, recent industry activity and key player profiles. The study offers market data analytics in dollar terms for R&D spending and Procurement spending, for major regional markets such as United States, Europe, Asia-Pacific, Middle East, and Rest of World.

For more details about this research report, please visit http://www.strategyr.com/Unmanned_Aerial_Vehicles_UAV_and_Systems_Market_Report.asp.

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com

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