Unmanned Aerial Vehicle Systems Industry Overview
While unmanned vehicle systems have been providing useful services for decades, more recent advances in computing, power and materials technologies are fueling rapid growth in unmanned systems capabilities and applications development.
It is anticipated that unmanned aerial vehicle (UAV) spending will nearly double over the next decade, growing from current worldwide UAV expenditures of $5.9 billion to $11.3 billion annually. These annual totals are projected to reach more than $94 billion in the next 10 years according to a study presented at the Association for Unmanned Vehicle Systems International. Spending levels in the older manned-platforms and outdated war-fighting technology will likely reduce; however, world governments will continue to spend money on cutting-edge defense technology. UAVs, related hardware, and specialized services are set to dominate military spending growth in the coming decade.
Alberta has emerged as Canada’s leader in the development of unmanned vehicle systems with more than 70 Alberta companies, military agencies and educational institutions working in various forms of UVS research, testing, development and manufacturing. The UVS industry is especially strong in Eastern Alberta. This innovative niche is expected to grow tremendously in the coming years because of its wide-ranging applications for both military and commercial use. Alberta is home to a host of companies that have significant expertise in various facets of UVS development, with especially strong skills in:
- Systems Integration
- Wireless Communications
- Commands and Control Systems
- Remote Sensing
- Avionics Navigation Systems
- Global Positioning Systems
Profile courtesy of the Eastern Alberta Trade Corridor