Unmanned Aerial Vehicles (UAVs)

Billions Earmarked for UAV Procurement Through 2013

"More unmanned air vehicles will be bought in the next 10 years than in the previous four decades combined, according to a recent analysis by Forecast International.  “The Market for UAV Reconnaissance Systems Through 2013” predicts that the world’s military forces will spend $11 billion procuring reconnaissance/surveillance unmanned air vehicles (UAVs) through 2013. 

“The U.S.-led invasion of Iraq, as well as military operations in Afghanistan, has helped to raise the profile of unmanned air vehicles to heights undreamed of just a few years ago,” said Larry Dickerson, senior unmanned vehicle analyst at Forecast International.  “Program managers in the United States have said for the first time they are actually getting more money than requested.  Around the world, planned funding for UAVs is skyrocketing and a greater number of production orders are being awarded than ever in the history of this market,” Dickerson said.

More than 6,000 UAVs are expected to be purchased over the next 10 years by countries in every region of the world.  “Our analysis does not include funding for RDT&E and operations and maintenance, but as procurement increases money spent in these areas is also likely to increase,” said Dickerson."

Read more at Billions Earmarked for UAV Procurement Through 2013

Posted by Darren at August 22, 2004 10:52 PM | More from UAV News |