There has been a significant increase in demand for UAVs from emerging countries.UAV spending across the globe received increased attention after the terrorist attack on the World Trade Center in 2001. The US Department of Defense drastically increased its funding for UAV programs after the attack.
An increase in home land security system, war against terrorism around the world and alliance and anincrease in demand for UAVs for security threats and safe countries are anticipated to drive the industry. High costs of UAVs, government rules and policies, being a new industry effective business models yet to be developed, and funding are the biggest challenges.
This study provides an overview of the global UAVindustry.The report tracks three market segments for four geographic regions: thus, it tracks 12 segments of the industry.
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