Unmanned Aerial Vehicle (UAV) Manufacturing in the US Industry Market Research Report from IBISWorld Has Been Updated

New York, NY (PRWEB) August 01, 2014

“Outside the defense market, industry players have increased the focus on the development of UAVs for domestic use,” says Soshkin. Potential domestic uses for drones include border enforcement, humanitarian relief, search and rescue, scientific research, meteorology, firefighting, precision agriculture, infrastructure surveying, police surveillance, freight delivery, and communication signals relaying. However, domestic operations of drones is highly restricted by the Federal Aviation Administration (FAA). As a result, in 2012, Congress ordered the FAA to establish rules by which UAVs can be integrated into domestic airspace by 2015.

In the five years to 2019, industry revenue is forecast to climb, almost recovering from recent defense funding cuts. While the defense spending situation is only projected to improve towards the end of the next five years, the DoD is still anticipated to pour billions into industry projects. In particular, the government will seek to develop and procure next generation UAVs that will be able to operate in “contested” airspace. With the FAA anticipated to establish regulations for the domestic use of drones, demand from the civil market is projected to boom. Consequently, the number of industry enterprises is set to continue rising.

For more information, visit IBISWorld’s Unmanned Aerial Vehicle (UAV) Manufacturing in the US industry report page.

IBISWorld industry Report Key Topics

Industry firms manufacture and design unmanned aerial vehicles (UAVs) and related control systems for civilian and military applications. UAVs can be either autonomous or remote controlled, and are used in situations where the use of a human pilot is undesirable or dangerous.

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