Worldwide UAV Market to Triple in Ten Years

Global spending on unmanned aerial vehicle (UAV) programs is expected to triple over the next decade in military, commercial, and consumer markets, according to analysts at Teal Group in a new market analysis. They estimate that UAV production will rise from current worldwide UAV production of $4 billion annually to about $14 billion, totaling $93 billion over the next ten years. Military UAV research spending would add another $30 billion over the same decade. Continue reading