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Demand from Europe and Asia-Pacific Sustains Military Unmanned Aerial Vehicles Market Says Frost & Sullivan - Offering rental and lease equipment will help vendors foray into cost-conscious countries - Frost.com
Demand from Europe and Asia-Pacific Sustains Military Unmanned Aerial Vehicles Market Says Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2014/10/08 - Offering rental and lease equipment will help vendors foray into cost-conscious countries - Frost.com.

   
 
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The global market for military unmanned aerial vehicles (UAVs) is expected to witness a slight decline in the medium term due to the reduction in spending by the United States. Europe and Asia-Pacific will partially compensate for this reduction in revenues as the perceived benefits of UAVs in terms of both cost and capability drive adoption. The launch of next-generation UAVs, with longer endurance and advanced propulsion systems such as fuel cells and solar power, will cement the future of the global UAV market.

New analysis from Frost & Sullivan, Global Military Unmanned Aerial Vehicles Market Assessment, finds that the market earned revenues of $3.87 billion in 2013 and estimates this to reach $5.26 billion in 2022. The study covers vehicle platforms (>25kg MTOW) and support in service, however does not include RDT&E spending.

For complimentary access to more information on this research, please visit: corpcom.frost.com/forms/EU_PR_EGrabowska_M8E5-16_29Sept14.

“The successful deployment of unmanned systems in Iraq and Afghanistan has generated global awareness on UAVs, triggering investments in R&D, and in turn, widening the spectrum of UAV applications,” said Frost & Sullivan Aerospace & Defence Principal Consultant Aman Pannu. “Demand, especially for tactical and tactical small UAVs, will primarily emerge from countries that are new to developing and employing UAV capabilities.”

Medium-altitude, long-endurance UAVs continue to be the most lucrative segment. Although high-altitude, long-endurance (HALE) UAVs are on the wish list of many countries, they remain unaffordable for most. This lack of commercially feasible technologies curbs large-scale UAV purchases.

Budget cuts that often lead to programme delays or even cancellations also hamper UAV procurements. The recent termination of the German HALE programme, EuroHawk, is a prime example. To sustain profits, suppliers must diversify their portfolios to include sub-systems and services.

“Equipment vendors need to scout for opportunities in high-potential regions such as the Middle East and Asia-Pacific to strengthen their position on a world scale,” suggested Pannu. “Using the equipment rental and leasing model to market their products in sceptical and cost-conscientious countries will help UAV manufacturers generate further revenues in the global arena.”

Global Military Unmanned Aerial Vehicles Market Assessment is part of the Defence (defence.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: US Airport Screening Technologies, Global Military Unmanned Aerial Vehicles Systems and Sensors Market Assessment, Global Military Unmanned Maritime Systems Market, United Kingdom Critical National Infrastructure Security Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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Global Military Unmanned Aerial Vehicles Market Assessment (M8E5-16)

 
 
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Demand from Europe and Asia-Pacific Sustains Military Unmanned Aerial Vehicles Market Says Frost & Sullivan

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Publisher Contact: Edyta Grabowska - Frost.com 
+48 22 481 62 03 edyta.grabowska[.]frost.com
 
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