Analyst: UAV Market Will Total Over $80 Billion This Decade

http://www.aero-news.net/news/military.cfm?ContentBlockID=7f856ba3-8d16-4fe0-aa2c-8c181808d14b&Dynamic=1

 

In a news release, Teal Group says its 2010 market study estimates that UAV spending will more than double over the next decade from current worldwide UAV expenditures of $4.9 billion annually to $11.5 billion, totaling just over $80 billion in the next ten years. "With striking examples in Afghanistan and Pakistan, the most significant catalyst to this market has been the enormous growth of interest in UAVs by the U.S. military, tied to the general trend toward information warfare and net-centric systems," said Teal senior analyst Steve Zaloga, one of the authors of the new, over 400-page study. "UAVs are a key element in the intelligence, surveillance, and reconnaissance (ISR) portion of this revolution, and they are expanding into other missions as well with the advent of hunter-killer UAVs."