U.S. Drone Market: 15 Billion Dollars by 2020

U.S. Drone Market: 15 Billion Dollars by 2020

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9566486_m featureThe U.S. UAV market will triple in size over the next five years, growing to $15 billion * Watch out for the U.S. Air Force MQ-9 Reaper UAV – it’s a killer!

The U.S. UAV market will triple in size over the next five years, growing from $5 billion in 2013 to $15 billion in 2020.

Boston’s IGI conducted an extensive survey of the U.S. unmanned aerial vehicles market, covering every type of aircraft – from the largest military vehicles to the smallest civilian UAVs built by amatuers. The report covers UAV users such as the Pentagon and civilian manufacturers, including manufacturers of vehicles for facility security, agriculture, filming, energy infrastructure security and maintanence, and package delivery.

Unmanned Vehicle Event 2014 – Israel

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Additional data from the IGI report, as published by Military & Aerospace:

  • 10 years from now China will be the world’s largest manufacturer of unmanned vehicles
  • By 2018 the U.S. Army will spend $6.5 billion on UAVs
  • In 2015 the Pentagon will spend about $2.5 billion on development and production of UAVs for surveillance, intelligence gathering and attack missions
  • The U.S. Department of Defense will spend more than $600 million on the continued development of the Air Force’s MQ-9 Reaper, known as a “hunter-killer”.