Research and Markets: Manufacturing Tech Advancement to Drive Global Drone Market

Research and Markets has projected that technological advancements in the production of military and commercial drones will help fuel the worldwide drone market’s growth to $16.7 billion in value by 2022.

The company said Wednesday that efforts by the Federal Aviation Administration and other regulatory agencies to formulate policies that support use of military unmanned aerial vehicles and drones work to increase demand for the platforms.

The report also examines market trends by drone type, application and payload.

Developers featured in the report include:

  • 3D Robotics
  • Aerovironment
  • Boeing
  • China Aerospace Science and Technology
  • General Atomics
  • Lockheed Martin
  • Northrop Grumman
  • Parrot
  • SZ Dajiang Innovations Technology
  • Yuneec International

You may also be interested in...

Dawne Hickton Jacobs

Dawne Hickton, Critical Mission Solutions Business EVP & COO at Jacobs, Named to 2021 Wash100 for Expanding Cyber Capabilities; Driving Company Growth

Executive Mosaic is honored to present Dawne Hickton, executive vice president and chief operating officer of Critical Mission Solutions at Jacobs, as an inductee into the 2021 edition of the Wash100 Award for expanding the company's cybersecurity business and driving significant growth through contract awards. This marks Hickton’s second consecutive Wash100 Award.

Duncan Greene Akima

Akima Subsidiary Wins Spot on $114M Navy Contract for IT, Engineering Services; Duncan Greene Quoted

Aperture, an Akima subsidiary, has secured a position on a five-year, $113.8 million contract to support the Naval Information Warfare Center Atlantic’s Command Wide 8(a) Programmatic Engineering Logistics Support Incubator program. “We are excited to continue Akima’s work with the Naval Information Warfare Systems Command,” said Duncan Greene, president of Akima’s Mission Systems, Engineering & Technology Group.

L3Harris

DARPA Selects L3Harris to Design Unmanned Surface Vessel Concept for Long Missions

L3Harris Technologies was tasked by the Defense Advanced Research Projects Agency to present a design concept for an autonomous surface ship under the first phase of a DARPA program that seeks to enable lengthy operation of unmanned ships at sea.