Analyst: Worldwide UAV Market Will Total $89 Billion In 10 Years | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.27.15

Airborne 01.27.15

Wednesday

Airborne 01.28.15

Airborne 01.28.15

Thursday

Airborne 01.29.15

Airborne 01.29.15

Friday

Airborne 01.30.15

Airborne 01.30.15

Fri, Apr 13, 2012

Analyst: Worldwide UAV Market Will Total $89 Billion In 10 Years

Teal Group Releases 2012 UAV Market Profile And Forecast

Unmanned Aerial Vehicles (UAVs) continue as the most dynamic growth sector of the world aerospace industry this decade, report Teal analysts in their latest integrated market analysis. Teal Group's 2012 market study estimates that UAV spending will almost double over the next decade from current worldwide UAV expenditures of $6.6 billion annually to $11.4 billion, totaling just over $89 billion in the next ten years.

"The UAV market will continue to be strong despite cuts in defense spending," said Philip Finnegan, Teal Group's director of corporate analysis and an author of the study. "UAVs have proved their value in Iraq, Afghanistan and Pakistan and will continue to be a high priority for militaries in the United States and worldwide."

The ninth edition of the sector study, World Unmanned Aerial Vehicle Systems, Market Profile and Forecast 2012, examines the worldwide requirements for UAVs, including UAV payloads and companies, and provides ten-year forecasts by country, region, and classes of UAVs. "The Teal Group study predicts that the U.S. will account for 62% of the worldwide RDT&E spending on UAV technology over the next decade, and 55% of the procurement," said Teal Group senior analyst Steve Zaloga, another author of the 574-page study.

The 2012 study provides 10-year funding and production forecasts for a wide range of UAV payloads, including Electro-Optic/Infrared Sensors (EO/IR), Synthetic Aperture Radars (SARs), SIGINT and EW Systems, C4I Systems, and CBRN Sensors, worth $2.7 billion in Fiscal Year 2012 and forecast to increase to $6.0 billion in Fiscal Year 2021.  The UAV electronics market will grow steadily, with the fastest growth and opportunities in SAR and SIGINT/EW, according to Dr. David Rockwell, third author of the new study. "Few now question that ISR is 'the centerpiece of our global war on terrorism', with production beginning for major endurance UAV systems such as MP-RTIP, new development programs such as wide angle EO/IR systems, a variety of ground and foliage-penetrating radars and an ongoing 'sensor drift' as more sophisticated non-EO sensors are developed for smaller and smaller UAVs," Rockwell said. "The payload portion of the 2012 study includes many new systems and system types, including a new section on UAV self-defenses.  Overall, UAV SIGINT and EW markets will see a massive 20.2% CAGR (Compound Annual Growth Rate) from FY12 to FY17."

The study also includes a UAV Manufacturers Market Overview that reflects the worldwide UAV market "again continuing as one of the prime areas of growth for defense and aerospace companies," said Finnegan.  The new study reflects the rapid growth of interest in the UAV business by increasing the number of companies covered to some 40 U.S., European, South African and Israeli companies, and reveals the fundamental reshaping of the industrial environment. All companies have been updated including their involvement and strategy in UAVs and five new companies have been included:  Canada's Aeryon and CAE, Inc., South Africa's Denel, US-based Griffon Aerospace and France's Dassault Aviation.

As prime contractors and small companies compete in the dynamic UAV market, they are adopting widely different strategies.  "Our overview tracks the widely varying approaches being taken by these key companies, ranging from outright acquisitions to teaming arrangements and internal development of new UAV systems," said Finnegan.

The 2012 edition increased 25% in size, and, for the first time, includes UAV market forecast spreadsheets, permitting data manipulation and offering a powerful strategic planning mechanism.

FMI: www.tealgroup.com


Advertisement

More News

Citizen Scientists Lead Astronomers To Mystery Objects In Space

'Yellow Balls' Discovered By Volunteers Studying Spitzer Images Sometimes it takes a village to find new and unusual objects in space. Volunteers scanning tens of thousands of star>[...]

Aero-News: Quote Of The Day (02.01.15)

"While this star formed a long time ago, in fact before most of the stars in the Milky Way, we have no indication that any of these planets have now or ever had life on them. At th>[...]

ANN's Daily Aero-Term (02.01.15): Final Approach Fix

Final Approach Fix The fix from which the final approach (IFR) to an airport is executed and which identifies the beginning of the final approach segment. It is designated on Gover>[...]

Air Ambulance Market Size, Vendor Landscape Analyzed In New Report

New Global Air Ambulance Research Report Shows Projected Growth Of Nearly Ten Percent The Global Air Ambulance market is expected to grow at a CAGR (Compound Annual Growth Rate) of>[...]

US Navy Approves F/A-18 IRST System For Production

Long-Range Sensor System Demonstrated Production Readiness On Super Hornet The F/A-18 Super Hornet infrared search and track (IRST) system, developed and integrated by Boeing and L>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC