Press Release

Global UAV Market set to grow significantly Asia to be a key sector

Apr 20, 2013 Publisher: Global Energy Pvt.Ltd

The market for Unmanned Aerial Vehicles (UAV) is expected to witness a quantum leaping demand in the next decade. As per marketresearch.com, the global market for UAVs is expected to increase to around $6 billion by 2022 from $3.9 billion in 2012. According to Lucintel, a prominent US based market research company, the demand for UAVs will be for both military and civilian uses. Civilian applications will include information gathering for tackling natural disasters, weather storm tracking, managing humanitarian relief programmes as well as environment management. Likewise there will be extensive use of UAVs in defence and counter insurgency operations primarily in the areas of battlefield surveillance, border security, precision strikes and reconnaissance. With conflicts tending to be small scale, unconventional and low intensity operations in difficult terrains, UAVs have critical role in counterinsurgency operations be it in Afghanistan or in the central heartland of India as well as in aerial surveillance of critical infrastructure and coastal regions.

As per a report by Frost & Sullivan, in 2011 the Asia Pacific region was the highest buyer of unmanned systems after the USA with a combined expenditure of around $1.4 billion. It is likely that Asian countries will continue to invest heavily on UAS for both combat and non-combat roles in the years to come. One of the key reasons for this is the cost effectiveness when compared to capital intensive reconnaissance aircrafts. Furthermore, most Asian countries face some kind of insurgency problem or are involved in border disputes for which UAVs are very useful. For example, India has implemented the National Technical Research Organisation to, amongst other things, develops technology capabilities in aviation and remote sensing and has been spending extensively to improve the UAV capability of both its armed forces and the central police forces involved in counterinsurgency operations. Whilst the


 

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