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Unmanned Systems

Report: Global UAV Market Could Reach $14 Billion Within A Decade

Dan Parsons By
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Report: Global UAV Market Could Reach $14 Billion Within A Decade

The global market for unmanned aerial vehicles (UAV) will continue its meteoric expansion from $4 billion annual expenditures to $14 billion by 2025, according to the Aerospace Analyst Teal Group’s 2015 UAV market profile.UAVs are expected to generate $93 billion over the next 10 years, while military research and development of unmanned aircraft will likely add another $30 billion, the report said.The global market for unmanned, or remotely-piloted aircraft, already has exploded since the technology first became relatively widespread in…

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