New Study Shows Segment Will Reach $1.33 Billion This Year

In a 553 page forecast report, ASDReports projects that global sales in the small (under 55 lbs) unmanned aerial vehicles (UAV) market sector will reach $1.33 billion in 2014 with strong potential for growth. These findings come at a pivotal time for the industry as technological improvements are unlocking its full potential, with the small UAV market on the cusp of significant growth.

The research is published in a comprehensive new report entitled Small Unmanned Aerial Vehicle (UAV) Market 2014-2024: Micro, Mini, Nano & Hand Held Drones in Military, Law Enforcement, Security & Civil Applications, which details current and projected market size for the 11 largest national and 3 regional markets for small UAVs in all types of applications.

According to the report, the small UAV market "is likely to become one of the most significant economic and technological stories of the modern age. All the key elements are in position to turn this into a highly lucrative market: the technology, the manufacturing, the demand. The final piece of the puzzle – regulation – is set to fall into place in the immediate future, unleashing the full potential of aerial robots across a vast number of sector applications.”

(Image from file)

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