Unmanned Aerial Vehicle (UAV) Manufacturing
Over the past five years, the Unmanned Aerial Vehicle (UAV) Manufacturing industry experienced volatile growth. With combat operations in the Middle East winding down and congressional focus shifting to reducing the federal debt, funding for defense began to decline. The government began cutting funding for industry projects, and industry revenue declined from its 2008 peak. Outside the defense market, however, industry players have increasingly focused on the development of UAVs for civil and commercial use. Over the five years to 2022, industry revenue is forecast to climb, almost fully recovering from recent defense funding cuts.
Industry operators manufacture and design unmanned aerial vehicles (UAVs) and related control systems for civilian and military applications. UAVs can be either autonomous or remote-controlled and are used in situations where the use of a human pilot is undesirable or dangerous.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.