ASD: The global drone market is expected to reach US$8.351 billion in 2018 with a compound annual growth rate of 3.30%

According to a report by the U.S. Aerospace and Defense News on June 25, 2013, according to ASD's latest market research report "UAV Market 2013-2018", the global UAV market will reach US$8.351 billion by 2018, with a compound annual growth rate of 3.30%.

When it comes to drone deployments around the world, the United States has an absolute advantage. Unlike European deployments, the United States uses tactical drones extensively and uses medium-altitude and high-altitude long-endurance drone systems less frequently. Due to the widespread use of small drones, the market is growing strongly. In addition to the United States, countries with a high focus on drones include: Brazil and Argentina in Latin America, the United Kingdom, France and Germany in Europe, South Africa, Israel and the United Arab Emirates in the Middle East, and India, Australia, Japan and South Korea in the Asia-Pacific region. Although Russia also has an in-depth drone program, its successful implementation is limited by the level of technology. In addition to the military market, drones are also gradually growing in the civilian and commercial markets. The civilian drone market refers to the use of drones by non-military government organizations. Currently, countries using civilian drones include Australia, France, South Africa, Sweden and the United States. According to the Federal Aviation Administration (FAA) of the United States, by 2015, the civilian drone market will grow at a slower rate than the drone market in military and security applications. The United States and the European Union are seeking policies to allow the use of drones in national airspace.

Between 2013 and 2018, the total revenue of the global drone market is expected to grow from US$7.098 billion in 2013 to US$8.351 billion in 2018. The main driving force of the drone market comes from the growth of homeland security needs, in addition to maritime patrols and anti-privacy also drive the development of the market.

The report analyzes the global drone market from 2013 to 2018 from the perspectives of drone type, region, and country. In addition to market size and forecast, the report also provides detailed market trend analysis and factors affecting market growth by deeply analyzing the drone markets in Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa. The report describes the competitive landscape of the global drone industry and provides an in-depth comparative analysis of key technologies and market strategies.