That’s right, the UAV market is doing well. This will almost double in the next 10 years from 6.4 billion a year in 2014 in $ 11.5 billion in 2024.
A cake of $ 91 billion to share between manufacturers who will negotiate this bend in the aerospace market. But beware, it is the military which remain the main market of this market. In 2014, they represented 89% of the budget, which will be predominantly barely dented by the civilian applications of UAVs since in 10 years, the past still weigh only 14% of this market.
The civil market evolves in the shadow of military orders
Over the next 10 years, the armies of developed countries will, like the United States to equip themselves heavily in drones. It is essentially this wave of buying that will explain the takeoff market, since the $ 91 billion that will be spent in this sector during the next 10 years, between 89% and 86% will come from military budgets.
Nevertheless, this doubling of the UAV market will see civil applications also take flight. In addition to hobbyists in recent months and recent years have seen many civilians professional practice, whether in the maintenance of infrastructure, agriculture, telecoms or archeology.
The market is still far from mature and Teal Group analysts expect to see new players such as Google, Facebook or Amazon reshuffle the cards.
Source : “Teal Group Predicts Worldwide UAV Market Will Total $91 Billion in Its 2014 UAV Market Profile and Forecast”, Teal Group Press release, July 17, 2014