08:44 GMT, September 26, 2012 NEWTOWN, Conn. | According to Forecast International’s senior unmanned vehicles analyst, Larry Dickerson, the world’s appetite for unmanned aircraft systems (UAS) appears insatiable. “Just when you think the UAS market cannot go any higher, it does,” he said. “No matter how many systems are built, operators want more.”
The UAS market has seen unprecedented growth since 2001, with current projected value over the next 10 years estimated at $70.9 billion, according to Forecast International.
“Million-dollar UAS contracts used to be big news,” Dickerson said. “Awards are now in the billions and climbing.” He notes that sales are growing in Asia even as purchases by the United States have slowed. Still, the U.S. will spend some $13.7 billion on UAS procurement and $11.6 billion for research programs through 2021.
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