Military drone market to hit $10 billion by 2024
The market for military drones is expected to almost double by 2024 to beyond $10 billion (8.9 billion euros), according to a report published Friday by specialist defense publication IHS Jane’s Intelligence Review.
“The global defense and security market for Unmanned Aerial Vehicles (UAVs) will expand at 5.5 percent per year over this decade, from the current figure of $6.4 billion,” according to the analysis.
“Unmanned systems are here to stay,” said Derrick Maple, principal analyst on unmanned systems for the London-based group.
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