MQ-4C Triton unmanned aircraft system. Photo: Northrop Grumman Corporation
National Defense: Worldwide Military Drone Production to Swell Over Next Decade
Unmanned aerial vehicles will experience the most dynamic growth in the global aerospace industry over the next 10 years, with military production driving the demand, according to a recent report.
Analysts from the Teal Group predicted that worldwide UAV production will increase from $4.2 billion annually in 2017 to $10.3 billion in 2026, totaling over $80 billion during that period. Military UAV research spending would contribute another $26 billion in that timeframe, according to the firm’s annual World Military Unmanned Aerial Vehicle Systems: Market Profile and Forecast.
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WNU Editor: It is the future.
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