Industry Analysis & Industry Trends
The Unmanned Aerial Vehicle (UAV) Manufacturing industry has seen its revenue soar, and it will continue to cruise through the next five years. Increases in defense spending and an increase in homeland security propelled the industry to double-digit annualized growth since 2007. As this spending decreases, the industry will not grow at the same pace through 2017 as it did during the previous five years. However, profit margins are expected to increase because the price of inputs like semiconductors and electronics are expected to fall.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals the Unmanned Aerial Vehicle (UAV) Manufacturing industry is in a growth stage of its life cycle. Over the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to rise at an average rate of 5.9% per year. In comparison, US GDP is forecast to rise at an average rate of 1.9% annually during the same period. This type of discrepancy between IVA and GDP usually indicates an industry in the midst of growth, and other factors support this conclusion.
The US government represents the primary market for UAVs. Whether for military uses through the Department of Defense or domestic uses as part of the Department of Homeland Security, drones offer substantial benefits... purchase to read more