Feb 27, 2018   SOURCE: BusinessWire

AIA/Avascent Report Projects $30 Billion Annual Large UAS Market by 2036

The Aerospace Industries Association, in partnership with Avascent, today released a study projecting explosive growth in the global market for large unmanned aerial systems (UAS) over the next two decades. The report, “Think Bigger: Large Unmanned Systems and the Next Major Shift in Aviation,” shows large UAS represent a cornerstone of future aviation, changing the nature of travel, technology and transport, and the economies surrounding those markets.

Specifically, spending on large UAS is expected to rise from the low hundreds of millions today to $30 billion annually by 2036, driven by manufacturing and services for long-haul cargo and passenger aircraft. The report also shows that spending will sustain up to 60,000 research, manufacturing and service jobs annually by the end of that timeframe.

“We have got to think bigger when it comes to the future of unmanned aviation,” said AIA President and CEO Eric Fanning. “The future unmanned systems market will change the way we travel and transport products. We could see entirely new economic centers where they don’t exist today. It’s an incredible opportunity, if government and industry start now on the regulations and technology to realize that potential.”

This new market requires U.S. regulators to adopt a posture that both ensures safety and fosters commercial innovation. Recommendations for maintaining U.S. leadership in this developing market include codifying near-term needs for detect-and-avoid operations, autonomous certification and spectrum allocation; international harmonization of regulations and performance-based consensus standards; and modifications of civilian UAS-related export and trade restrictions.

“The biggest barrier to growth is the regulatory framework,” Fanning said. “Global competitors are working to seize the market from the United States, the country that invented this technology. These are American jobs and American opportunities. But we must start now on certification standards, exports, and spectrum to ensure they stay American.”

The report is available at: https://www.aia-aerospace.org/uasreport2018.

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The Aerospace Industries Association is The Voice of American Aerospace & Defense. Founded in 1919, AIA has long served as America’s premier aerospace and defense association, convening government and industry partners to advance the industry at the heart of America’s competitive advantage. AIA proudly represents companies across the full spectrum of the supply chain of America’s aerospace and defense industry – a sector that generated $872B in sales in 2016, is underpinned by a patriotic workforce of 2.4 million strong, and is responsible for the Strength, Security, and Prosperity of the nation.