Jay Clemens
Strategic Defense Intelligence has released a report that predicts the global unmanned aerial vehicle market will achieve a 5.66 percent compound annual growth rate from 2015 to 2025.
The report analyzes global industry values, factors that drive demand, market challenges and key industry players, ReportBuyer said Wednesday.
Strategic Defense Intelligence projects North America and Europe would account for a cumulative market share of more than 67 percent during the forecast period.
The market research firm cites asymmetric warfare and demand for intelligence, surveillance and reconnaissance systems as the key market drivers.
The report also contains details of the spending and modernization patterns of different regions, insights into UAV technological developments, industry trends, programs in each segment and the competitive landscape.
