A new report from Research and Markets  predicts the global market for civilian drones to experience a compound annual growth rate of 28 percent over the next four years. Demand for civilian unmanned aerial systems for use in crop surveillance operations will drive market growth, the firm said Tuesday. Risks of accidents posed by such drones to […] More

A MarketsandMarkets report projects that unmanned aerial vehicles for commercial use will grow from a $15.22 million business in 2014 to a $1.27 billion market by 2020. The compound annual growth rate for the commercial UAV industry is projected to reach 109.31 percent over the next six years, MarketsandMarkets said Wednesday. The research firm also […] More

A new ASDReports study projects the commercial unmanned aerial vehicle market to reach $1.27 billion by 2020 from $15.22 million in 2014, up 109.31 percent year over year during the forecast period. The report indicates that an increase in demand for law enforcement applications contributes a major portion to the market’s growth, ASDReports said Feb. […] More

Lockheed Martin and Raytheon have formed a team to bid for a contract to build the U.S. Air Force‘s future joint surveillance target attack radar system aircraft, Flightglobal reported Wednesday. Stephen Trimble writes the companies could integrate a battle management command and control technology derived from Lockheed’s Project Missouri and a Raytheon-designed active array sensor […] More

Research and Markets forecasts that the military laser systems market for the aerospace, defense and homeland security industries will reach a market value of $2.73 billion within the next six years. This 4.23 percent compound annual growth rate is due to increased research and development activity and a move toward self-sufficiency of some Asia-Pacific and European countries, the firm […] More