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Global Unmanned Aerial Vehicles Market Is Set To Reach $8.35 Billion By 2018

LONDON, July 17, 2013 /PRNewswire/ --

The Royal Navy just spent $45 million on the ScanEagle UAV, which is part of a market set to be worth $8.35 billion by 2018, according to a recent market intelligence report. One thing is clear: the role of UAVs in maritime reconnaissance and surveillance is becoming a key area for development and investment right now.

Captain Ian Annett, RN, confirmed that " ScanEagle represents an important addition to the Royal Navy ' s intelligence, surveillance and reconnaissance capability. "

Philip Dunne, UK Minister for Defence Equipment, Support and Technology, also backed the development, saying that " continued investment in intelligence, surveillance and reconnaissance systems is essential to keeping our Armed Forces up-to-date with the latest capabilities and this will be a central part of MOD ' s investment in new equipment over the next 10 years. "

Download Defence IQ's article: Demand for Maritime UAV's to remain sky high into 2018, to find out more about worldwide investments into maritime UAVs.

The 11th annual Maritime Reconnaissance and Surveillance conference coincides with these emerging market opportunities - it will be the only place you can hear from and talk to the key decision makers in this growing market.

The event will hear from key industry experts including:

  • Rear Admiral Giorgio Gomma, Director of Naval Aviation and Commander of the Fleet Air Arm, Italian Navy
  • Rear Admiral Matthew J. Carter, Commander, Patrol and Reconnaissance Group, US Navy
  • Rear Admiral Georg Kristinn Làrusson, Director General, Icelandic Coast Guard
  • Rear Admiral Jesus C Millan, Chief of Staff, Philippines Navy

Speakers will discuss the challenges they face and future requirements as they seek to improve their maritime domain awareness and maritime security capabilities.

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