Teal Group Sees Global Missile & UAV Market Hitting $103.7 Bn

(click to go there) Teal Group analysts predict that an estimated 600,000 missiles valued at $103.7 billion are expected to be built throughout the world between 2006-2015. They released their forecast at Asian Aerospace 2006, in Singapore’s Changi Exhibition Centre. Surface-air missiles (SAMs) still constitute the largest single missile market (48,194 missiles/ $24.3 billion/ 23.4%), followed by air-to-surface attack missiles headed in the other direction (41,610/ $16.3 billion/ 15.7%). They’ll be accompanied by the third-place category smart munitions, which have rocketed upward to a forecast of 273,635 guided bombs and 38,615 smart AT munitions ($13.8 billion/ 13.3%)… F-16 & Maverick(click to view full) Surface-to-surface missiles, which includes ballistic missiles, land-launched cruise missiles, et. al., were in fifth place (6,206/ $9.8 billion/ 9.4%); followed by anti-armor missiles (140,759/ $10.9 billion/ 10.6%), air-to-air dogfighting missiles (41,470/ $9.6 billion/ 9.3%); and anti-ship missiles (5,050/ $6.4 billion/ 6.2%). Finally, unmanned aerial vehicles (UAVs), which comprised only 5,382 forecasted units ($2.9 billion/ 2.5%) in 1997, now rank fourth with 17,976 projected units valued at $12.5 billion, or 12.l%. We asked Teal why UAVs were part of this study, and author Steve Zaloga replied with some thoughts and comments: “For a variety of reasons, Teal Group […]