Drone sales will double, even as Defense budgets shrink in US

The makers of unmanned aerial vehicles will continue to rake in big money from drone sales even as annual U.S. and global defense budgets shrink, according to a new report from the Teal Group, a defense-analysis and consultancy shop.

“The market will double over the next decade from current worldwide UAV [research and development] and procurement expenditures of about $5.9 billion to $15.1 billion,” the report states.

Teal projected that the U.S. military will largely drive the growth it expects in global drone aircraft sales.

The outfit projects “the U.S. will account for 77 [percent] of the R&D spending on UAV technology over the next decade, and about 69 [percent] of the procurement. These represent higher shares of the market than for defense spending in general, with the U.S. accounting for about 64 [percent] of total worldwide defense R&D spending and 38 [percent] of procurement spending.”

Source.

Advertisements
This entry was posted in Military Industrial Complex and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s