27 February 2012

News Story: Drone Makers Cashing in as War Tactics Evolve

IAI Heron (Wiki Info)

SINGAPORE — They are deadly, hard to detect and fast becoming one of the most sought-after weapons in the air defense industry.

Global demand for unmanned aerial vehicles (UAVs), better known as drones, is heating up as armed forces invest in new systems to boost their ability to carry out reconnaissance and strikes without putting soldiers’ lives in danger.

Propelled by a rise in Asian defense budgets, annual global spending on UAVs is forecast to almost double from the current $5.9 billion to $11.3 billion over the next decade, according to U.S.-based defense research firm Teal Group. The Asia Pacific is the second largest buyer after the United States.

“Almost every country in the region is trying to get their hands on drones or develop their own ... Thailand, India, Singapore, Japan, Australia, Korea,” said Jon Grevatt of IHS Jane’s Defence Weekly.

Read the full story at DefenseNews