Lucintel, a leading globaland market research firm, has analyzed the global UAV industry and presents its findings in .
The global UAV industry is highly consolidated and consists of all types of UAVs such as Mini, Tactical, MALE (Medium Altitude Long Endurance), HALE (High Altitude Long Endurance), and UCAV (Unmanned Combat Ariel Vehicle). A combination of factors such as high standards and technological requirements highly impacts market dynamics.
Lucintels research indicates that in 2011, the industry witnessed a robust growth over 2010 due to the huge contribution made by the US and Europe. UAV spending across the globe received increased attention after the terrorist attack on the World Trade Center in 2001. The US Department of Defense drastically increased its funding for UAV programs after the attack.
APAC and ROW are forecast to see the highest growth over 2012-2017 due to increasing defense procurement budget in emerging economies and geopolitical instability in APAC and ROW countries. APAC is a small market presently, but the region depicts a good positive growth potential with the increase in budgets; companies from other regions are entering APACs market through joint ventures.
Thisprovides an overview of the Global UAV industry. The report tracks three market segments for four geographic regions: thus, it tracks 12 segments of the industry.
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Joseph E. FritzLucintel+1-972-636-5056