Teal Group Forecasts Doubling of UAV Spending

Paris Air Show » 2009
June 16, 2009, 10:07 AM

The Teal Group’s latest Market Profile and Forecast for the unmanned aerial vehicle concludes that expenditure on UAVs will rise from an annual $4.4 billion in 2009 to $8.7 billion by 2018. At the same time, the aerospace analysis group forecasts a rise in UAV payload expenditure from $2 billion to nearly $5 billion. The market overview acknowledges the UAV arena as a growth area for acquisitions, with major primes buying up UAV programs from small companies to strengthen their unmanned portfolios.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.