19 Oct '15, 2pm

UAV Market Expected to Fly Higher Over the Next Decade

UAV Market Expected to Fly Higher Over the Next Decade

Over the last several years, unmanned aerial vehicles (UAVs) have penetrated into every market level, ranging from the military and into the commercial and consumer sectors. The development of unmanned combat systems and consumer-grade models will ensure that the market continues its upward trajectory over the next decade, according to a recent report from the Teal Group , an aerospace and defense research firm. The report estimates that UAV production will increase to $14 billion annually over the next 10 years, up from the $4 billion in revenues that the market earned last year. The result is that the market will earn total revenues of approximately $93 billion over the course of the next decade, according to the Teal Group report. Related UAV Nav Systems Moves Into Consumer Markets Autonomous Drone Flies with Centimeter-Level Accuracy UAE Accepting Submissions For Secon...

Full article: http://electronicdesign.com/systems/uav-market-expected-f...

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