Wednesday, July 17, 2013

Unmanned aerial vehicles market worth $8.35 billion by 2018

The Royal Navy just spent $45 million on the ScanEagle Unmanned Aerial Vehicles (UAV), which is part of a market set to be worth $8.35 billion by 2018, according to a recent market intelligence report published by Defence IQ. “One thing is clear: the role of UAVs in maritime reconnaissance and surveillance is becoming a key area for development and investment right now,” Defence IQ said on Wednesday in press release.

"Continued investment in intelligence, surveillance and reconnaissance systems is essential to keeping our Armed Forces up-to-date with the latest capabilities and this will be a central part of Ministry of Defence's investment in new equipment over the next 10 years,” said Philip Dunne, U.K. Minister for Defence Equipment, Support and Technology.

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