UAV weapon “market” set to soar

By the end of 2012 the market for UAV weaponry reached US$43.7 billion according to this report, which adds that demand will soar to US$68.6 billion by 2022.

Market demand is anticipated to be driven by increased UAV procurement by several countries across the world and continuous requirement formulations in areas such as persistent surveillance, suppression/destruction of enemy air defense (SEAD/DEAD), communications relays and combat search and rescue (CSAR). Another major factor which is expected to drive the market over the forecast period is the increasing incorporation of UAVs in civilian applications such as Homeland Security, disaster management and border surveillance.

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