By Kalwinder Kaur
Global Information has released new market research describing the future potential of UAS market. Along with research on military hardware, this market research will provide insight into the emerging UAS market.
A new report has been published by WinterGreen Research, titled “Commercial Unmanned Aerial Systems (UAS) Market Shares, Strategy, and Forecasts, Worldwide (2012 to 2018)”. This study enables foreseeing the opportunities for UAS in worldwide markets. UAS bring about strategic mapping and first responder support in addition to automating surveillance of wide areas.
Besides being effectively deployed for military applications, drones can also serve as an aircraft having multiple commercial uses. Drones are capable of rising over news events for capturing images that are sometimes unfeasible for reporters.
UAS markets have expected to grow from $363.7 M to $2.8 B by 2018. The growth will however be challenged by the cost-effective devices that are remotely carrying out commercial tasks.
Internal and external security threats, worldwide aging military equipment, territorial disputes and modernization initiatives by armed forces, and technological innovations in the industry have led to the demand for armored vehicles MRO services. During forecast, North America will spend more, followed by Asia Pacific and Europe. The share of the global market for Europe will grow during the forecast period.
A study on budget spending forecasts for the U.S. Department of Defense (DoD) Ground Combat Vehicles (GCV) market also shows the projection on the market's restraints, drivers, and general trends from 2012 to 2017.
Four training GCV within the U.S. DoD GCV market include tracked vehicles, amphibious vehicles, wheeled vehicles, and miscellaneous components and services. GCVs offer ground fire support, armored vehicle recovery, and beyond for combatant commanders.
Source: http://www.giiresearch.com/