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Commercial unmanned aerial vehicle market to reach $2.8 billion

Press Release   •   Aug 06, 2012 09:42 BST

By 2018 the commercial unmanned aircraft vehicle market promises to achieve a more significant commercial presence which should lead to the market reaching a value of $2.8 billion.

The market is expected to grow significantly as commercial unmanned aerial systems provide a way to automate surveillance of wide areas and implement strategic mapping and first responder support.

Furthermore, growth will come as the lighter and less expensive devices are performing commercial tasks remotely, with less cost and more versatility than is available in any other manner.

Commercial unmanned aerial vehicles (UAVs) are remotely piloted or self-piloted aircraft that can carry cameras, sensors, communications equipment or other payloads. UAVs are smaller than manned aircraft.

They are cost-effectively stored and transported. UAVs make significant contributions to the fighting capability of operational war forces.

Commercial UAVs have a number of core uses including; small unit surveillance, urban monitoring, force protection, and aerial mapping.

Growth within the commercial UAV market has coincided with an increase in endurance limit and an increase in mission capabilities of UAVs. In general, there has been an increase in awareness and mission capabilities of UAVs creating an equation for growth. UAVs can perform missions without risking human life.

For more information on the commercial unmanned aerial vehicle market, see the latest research: Commercial Unmanned Aerial Vehicle Market Report

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