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India Expected to be ‘Booming’ Market for UAVs
Tags: Unmanned Aerial Vehicle, Drone, UAV Market
Publication: UPI.com
Publication Date: 03/19/2013
Boeing A160T UAV
Image credit: Boeing
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Advanced Defense Technologies (ADTI) has predicted India to be the "booming" market for micro- and mini Unmanned Aerial Vehicles (UAVs) for civilian and military use.
They attribute this prediction to the fact that surges in sales occur when UAVs become a common tool for not only the military, but civilians as well. ADTI predicts that the Indian marketplace will use these drones and UAVs for reconnaissance and mapping to surveillance, border or maritime patrol, and therefore expects these markets to grow steadily.
The defense industry consultant Teal Group recently named the UAV sector the fastest-growing sector in the aerospace industry. Global UAV sales are expected to double over the next decade, where current sales approximate to be around $6.6 billion annually.
According to ADTI President and CEO R.S. Tahim, the global drone and UAV market is becoming the greatest portion of aircraft sales worldwide. He also says that the UAV systems are often safer and cheaper than manned aircraft, causing an increase in the humanitarian, environment and agricultural sectors’ exploration of less controversial uses for UAVs.
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