Research and Markets has released a new report that forecasts smart commercial drones markets will grow to $27.1 billion by 2021 from $3.4 billion in 2014. The report predicts commercial-grade consumer video drones will take the largest chunk of revenue throughout the forecast period, Research and Markets said Sept. 11. According to the data services provider, the growth […] More

Boeing has offered an invite-only trailer of its conceptual design for a T-X military trainer platform during a recent Air Force Association event, Defense News reported Tuesday. Aaron Mehta writes Boeing and Saab designed the platform as their joint offering for the U.S. Air Force‘s T-38 replacement program. A Lockheed Martin–Korea Aerospace Industries partnership and […] More

A Grand View Research report predicts the use of unmanned aerial vehicles for law enforcement and agricultural activities will put the commercial UAV industry on track to hit $2.07 billion in value by 2022. The research firm said Thursday it found that drone applications in the government sector accounted for more than 40 percent of […] More

A new Visiongain report forecasts the global military aircraft maintenance, repair and operations market will hit $49 billion in value in 2015. Visiongain said Friday the increasing adoption of new fighter aircraft among tier-one market players would spur growth in the industry. The 2015-2025 forecast covers maintenance aspects in operations and field, heavy airframe, heavy engine, […] More

A new Radiant Insights report predicts the worldwide market for commercial unmanned aircraft systems to be worth $4.8 billion by 2021, a compound annual growth rate of 21.5 percent from 2014 figures. The market research firm said Friday demand for UAS’ navigation and visualization functions will drive growth in the commercial drone market over the next six years. The […] More

A new RnR Market Research report has predicted the unmanned aerial systems market’s value to increase almost seven-fold over the next six years to $4.8 billion by 2021. RnR Market Research said Monday that oil and gas mapping, utility line inspection, package delivery and agricultural applications would account for the majority of sales. The report […] More

U.S. Air Force Maj. Gen. Dwyer Dennis has said a budget-related postponement of the T-X trainer replacement initiative allowed the military service to rethink the program’s acquisition and requirements process, Aviation Week reported Monday. Amy Butler writes Dennis, director of global reach programs in the Air Force’s office of the assistant secretary for acquisition, told […] More

A new Research and Markets report forecasts the U.S. military expenditure to reach $597 billion by 2020 from $560 billion in 2015, driven by the government’s efforts to retain military dominance through weapons modernization. The market analysis sets a 0.51 percent compound annual growth rate for U.S. military spending over the forecast period, noting that expenditure declined by […] More

A new Research and Markets report predicts the global military rotorcraft market to hit $27.3 billion by 2025 from $21.1 billion in 2015, with Asia-Pacific countries to dominate the spending landscape. Investments from the Asia Pacific will account for 33 percent of rotorcraft spending worldwide during the forecast period, followed by North America with a 29-percent share, Research and […] More

Bell Boeing has delivered two MV-22 Osprey flight training simulators to the U.S. Marine Corps’ HMX-1 presidential airlift squadron. The simulators have been installed at the squadron’s Quantico, Virginia-based headquarters, where aircrews will rehearse operations in a virtual setting, Boeing said Tuesday. Randy Deidrick, director of Boeing’s tactical training systems, said the training device is […] More

The Northrop Grumman-led team of contractors in a competition to build a new trainer jet for the Air Force will offer a new airplane design for the $1 billion program, Aviation Week reported Friday. Amy Butler writes Northrop’s Scaled Composites subsidiary will work on the design for the intended T-38 replacement jet and aims to conduct the first flight […] More

A new Transparency Market Research report states that air-to-ground and surface-to-air missiles dominated the global smart weapons market in 2012, with further growth projected to give the market a value of $66.91 billion by 2019. The company said Thursday the market will achieve a compound annual growth rate of 10.3 percent from $34 billion in 2012 to reach the projected […] More