U.S. spending on unmanned aerial vehicles (UAVs) to reach $15 billion by 2020, market researcher says
BOSTON, 24 July 2014. The U.S. market for unmanned aerial vehicles (UAVs) will triple in size over the next five years, and should grow from $5 billion in 2013 to $15 billion in 2020, predict analysts at market researcher Information Gatekeepers Inc. (IGI) in Boston.
The IGI study entitled 2014 UAV Market Research Study takes a look at the total UAV market from large military UAVs to do-it-yourself (DIY) UAVs for amateurs, company officials say.
The study includes the following major market sectors including the U.S. Department of Defense (DOD), civil, commercial, small UAVs, amateur and hobby UAVs, and radio-controlled UAVs.
Major commercial applications are agriculture, real estate, filmmaking, oil and pipeline, electric utility, and specialized package delivery.
There will be a significant growth in 2015 after the FAA decision on UAV access to the National Airspace System, IGI analysts add. The report includes market research on UAV subsystem, components, and other companies unfamiliar with the UAV market.