|   | | | Israel is the world's largest exporter of unmanned aerial vehicles (drones) in terms of volume, variety of systems and countries exported to, according to a study ... | Israel is the world's largest exporter of unmanned aerial vehicles (drones) in terms of volume, variety of systems and countries exported to, according to a study released Monday.
Drone exports have amounted to some $4.6 billion over the last eight years and make up nearly 10 percent of Israel's total defense exports, international consulting firm Frost & Sullivan said. The firm projects that UAV exports will continue to grow by some 5%-10% per year until at least 2020.
Most of the exports, which include the drones themselves or licenses for their construction abroad, as well as service and consultation agreements, go to European and Asian-Pacific countries.
Around 20 Israeli companies participate in the UAV market, the study said.
Israel's robust defense industry is one of the main drivers of the country's economy. According to a US congressional report from September 2012, Israel ranks eighth among countries in terms of military and arms exports, after the United States, Russia, France, Britain, Germany, China and Italy
| | 21.05.13 - 07:17 | | Print |  |
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