Teal Group Predicts Worldwide Military UAS Spending of $258 7 Billion Over the Next Decade tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Due in part to increasing use on the battlefield, Unmanned Aerial Systems (UAS) will continue to be one of the most dynamic growth sectors of.
Teal Group Predicts Worldwide Military UAV Production of $95 Billion Over the Next Decade in its 2020/2021 UAV Market Profile and Forecast
News provided by
Share this article
Share this article
WASHINGTON, Dec. 31, 2020 /PRNewswire/ Unmanned Aerial Vehicles (UAVs) will be one of the most dynamic growth sectors of the world aerospace industry this decade, report Teal Group analysts in their latest market analysis.
Teal Group s 2020/2021 market study estimates that UAV production will increase from current worldwide UAV production of $5.6 billion annually in 2020 to $14 billion in 2029, totaling $95.5 billion in the next ten years. Military UAV research spending would add another $64.5 billion over the decade. (For further details and study availability, contact the respective Teal sales representative in your area at http://www.tealgroup.com/).