Over the next five years, NATO nations (especially the US) will considerably reduce their investment in Defense and Security Unmanned Aerial Vehicles (UAVs) while the non-NATO world will move into those military and police UAVs in a relatively big way. The resultant global market will exceed a cumulative $130 billion over the coming eight years, but the funding profile will change considerably.
This is but one of the surprising conclusions reached by the team that researched and composed new forecast report titled: “Unmanned Aerial Vehicles for Defense and Security: Technology & Markets Forecast 2013-2021”.
The US DoD is changing its focus from Counter Insurgency to a more traditional conflict against a near-peer. That move will reduce the need for expensive UAVs, but will increase the need for fast, stealthy, survivable UAVs.
The new forecast provides a triple-scenario analysis, examining the global evolutionary paths of Defense and Security UAVs over three possible futures – displayed by regions, system types and technologies. This unique research effort also presents multiple business opportunities, logical operating concepts and background data on imaging and radio payload coverage. Together, those features equip developers with a clear understanding of evolving markets, buyers with technical insights and sellers with insights into buyer’s needs.
And the situation is forecasted to become even more interesting during the 2017 thorough 2021 period. This is a market in turmoil, full of opportunities and pitfalls.
Source: ASDReports - Market Research
Date: Apr 10, 2013