Posted Oct 27, 2011, by J VanDomelen
The U.S. Department of Defense (DOD) is reported to possess more than 7,000 aerial drones, to date. The DOD boasted less than 50 such drones just a decade ago; and, Pentagon officials have asked Congress for nearly $5 billion, to be used for drones in 2012.
Industry analysts are again predicting a strong unmanned aerial vehicle (UAV) market–and not just for the remainder of 2011 or throughout … Read More
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Teal Group
Posted Oct 26, 2011, by J VanDomelen
The unmanned aerial vehicle (UAV) market sector has experienced the most dynamic growth of any sector in the global aerospace industry this decade, according to a 2011 market study. Analysts at Teal Group, an aerospace and defense market analysis firm based in Fairfax, Va., predict UAV spending to nearly double over the next decade. Current worldwide UAV expenditures total $5.9 billion annually—a figure … Read More
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Posted Oct 23, 2011, by J VanDomelen
The business aviation market was the hardest hit of all the aerospace market segments, revealed Richard Aboulafia, vice president of analysis at Teal Group in Fairfax, Va. In fact, at Mentor’s mil/aero IESF, he described the business aircraft as “a cyclical market that is completely torn in half.”
The top half of the market blazed ahead with a 2009/2010 compound annual growth rate (CAGR) of 6.5%. At … Read More
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