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Military spending for this technology is expected to grow as an overall percentage of large military budgets such as the United States’ and Chinese defense budget, offering specialized drone manufacturers and software developers a tremendous opportunity.
While drones will never completely replace soldiers, this debate is becoming less important in the current strategic climate.
The Global Military UAV industry, is valued at US$ 30 billion in 2019 and is projected grow at a CAGR of 12.6% by 2027.
Analysts still predict growth in this industry, estimating a total increase to just over $89 billion in the next decade. Not only is the military expected to sustain its backing of UAS technology, but the civil and commercial markets are poised to open up to a host of opportunities for the industry.
Military UAVs are taking over the skies. They are primarily being used by armed forces globally for Intelligence, Surveillance & Reconnaissance (ISR) and for carrying out strike missions.
Popularly known as a drone, the use of this type of aircraft is increasing in all sectors, especially in the defense sector. Consequently, the military UAV-industry is advancing at a rapid pace. The creation and development of military UAVs has provided an opportunity for worldwide military entities to extend their operational capability while performing a number of different tasks and missions.
This opportunity has motivated the creation of projects, worldwide, that studied the potential of military UAVs, resulting in the creation of more such UAVs and on the identification of requirements to implement, according to the task at hand.
Source : Event Website
Source : Event Website
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