Thursday, June 27, 2013

Unmanned Aerial Vehicle (UAV) market worth $8351.1 million by 2018

Predator-C AvengerAccording to a new market research report, the total global UAV Market (2013-2018) is expected to reach $8351.1 million by 2018.

The report, entitled "Unmanned Aerial Vehicle (UAV) Market (2013 - 2018)", notes that this segment will experience a compound annual growth rate (CAGR) of 3.30%.

The report notes that the US has by far been the superior force when it comes to deployment of UAVs in the world, as European deployment is rather different than in the US, with extensive usage of tactical UAVs (TUAVs) and fewer high altitude long endurance (HALE) and medium altitude long endurance (MALE) systems.

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