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UAV Market Set for 10 Years

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July 8, 2011

UAV Market Set for 10 Years of Growth

By Steve Zaloga and David Rockwell, Teal Group Corp. (www.tealgroup.com), Fairfax, Va.  Unmanned aerial vehicles (UAVs) make up the aerospace industry’s most dynamic growth sector. UAV spending is on pace to double during the next decade from current worldwide expenditures of $5.9 billion annually to $11.3 billion, totaling just more than $94 billion, as detailed