All Press Releases for April 11, 2010

U.S. Military Unmanned Aerial Vehicles (UAV) Market to Generate $86.5 Billion Revenue over 2013-2018

The U.S. military UAV market is projected to grow at an 12% CAGR reaching $18.7 billion in 2018. The report finds that the U.S. military UAV market will generate $86.5 Billion revenues over the period 2013 - 2018.

    SAN FRANCISCO, CA, April 11, 2010 /24-7PressRelease/ -- Updated January 2012: The U.S. military Unmanned Aerial Vehicles (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.

The U.S. military UAV market is projected to grow at a CAGR of 12% between 2013 and 2018, says "U.S. Military Unmanned Aerial Vehicles (UAV) Market Forecast 2013-2018", a new research report from Market Research Media said. The report finds that the U.S. military UAV market will generate $86.5 billion revenues over the period 2013-2018.

The report provides detailed year-by-year (2013-2018) forecasts for the following 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.

"More aircraft help us manage their maintenance, but do not affect the number of Predators we can fly at any given time. More ground control stations would be helpful, and the system is trying to produce more. But even if we had more ground control stations and aircraft, we would not be able to employ them without more pilots and sensor operators," said Lieutenant General Walter E. Buchanan III, Commander U.S. Central Command Air Forces. "The effectiveness of UAVs as surveillance systems is unmatched, and has had great effect in both theaters of operation."

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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