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‘Global UAV market expected to cross $8,000 mn by 2018’

US: The global Unmanned Aerial Vehicle (UAV) market size can be expected to grow to $8,351.11 million by 2018, according to a report published by MarketsandMarkets. USA and Israel will be the maximum revenue generator, among the countries manufacturing UAV’s.

In today’s context UAV’s play an important role in varied missions such as military attacks, border surveillance, mapping, surveying, weather determination and regional law enforcements. This technology has grown at a rapid pace and production companies present across the globe, as the country want to showcase their military strength in order to wade off potential attacks.

According to industry estimates, UAS operations will increase manifold in a variety of key military and civil areas. About 50 US companies, universities, and government organizations in the US are developing over 150 different unmanned aircraft designs.

Source: Report Linker