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JERUSALEM - According to a report published by a business consulting firm, Israel is the world's largest exporter of unmanned aerial vehicles (UAVs) in terms of number of systems sold, earning a whopping USD 4.6 billion in sales during the last eight years, excluding a major deal with India for the upgrade of unmanned aircrafts.
According to details, Frost and Sullivan business consulting firm in a study have noted that UAVs, or drones, sales constitute nearly 10 percent of Israel's total military exports. Unmanned equipment exports were a relatively volatile market, the report noted.
Israel had USD 150 million in UAV exports in 2008, a figure which increased substantially in 2009 to USD 650 million.
Exports of the small surveillance planes peaked in 2010, a record year for drone sales, to USD 979 million.
The sales since then has dropped with UAV exports in 2011 slumping to USD 627 million, and in 2012 further to USD 260 million, the report said.
Frost and Sullivan noted that this last figure did not factor in a major deal signed with India for the upgrade of unmanned aircraft.
If that deal were to be included, it would boost the average annual export figures in the sector by about USD 100 million, it added.
Israel's average overall military exports over the past eight years have been about USD 6.1 billion a year.
Israel is considered a powerhouse in the field of unmanned aircraft, primarily due to the Israel Air Forces' impressive squadrons of UAVs.
This fleet includes Eitan, which boasts a wingspan of up to 26 meters, and the Hermes 450, which according to foreign reports, can be armed to carry out targeted killings from the air.
A third of the exports from 2005 to 2012 were destined for the Asia-Pacific region, including Azerbaijan and India.
The United States accounted for a mere 3.9 percent of Israel's UAV export sales from 2005 to 2012.
According to a report published by a business consulting firm, Israel is the world's largest exporter of unmanned aerial vehicles (UAVs) in terms of number of systems sold, earning a whopping USD 4.6 billion in sales during the last eight years, excluding a major deal with India for the upgrade of unmanned aircrafts.
According to details, Frost and Sullivan business consulting firm in a study have noted that UAVs, or drones, sales constitute nearly 10 percent of Israel's total military exports. Unmanned equipment exports were a relatively volatile market, the report noted.
Israel had USD 150 million in UAV exports in 2008, a figure which increased substantially in 2009 to USD 650 million.
Exports of the small surveillance planes peaked in 2010, a record year for drone sales, to USD 979 million.
The sales since then has dropped with UAV exports in 2011 slumping to USD 627 million, and in 2012 further to USD 260 million, the report said.
Frost and Sullivan noted that this last figure did not factor in a major deal signed with India for the upgrade of unmanned aircraft.
If that deal were to be included, it would boost the average annual export figures in the sector by about USD 100 million, it added.
Israel's average overall military exports over the past eight years have been about USD 6.1 billion a year.
Israel is considered a powerhouse in the field of unmanned aircraft, primarily due to the Israel Air Forces' impressive squadrons of UAVs.
This fleet includes Eitan, which boasts a wingspan of up to 26 meters, and the Hermes 450, which according to foreign reports, can be armed to carry out targeted killings from the air.
A third of the exports from 2005 to 2012 were destined for the Asia-Pacific region, including Azerbaijan and India.
The United States accounted for a mere 3.9 percent of Israel's UAV export sales from 2005 to 2012.
- See more at: Israel is the world's largest exporter of drones | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia
According to details, Frost and Sullivan business consulting firm in a study have noted that UAVs, or drones, sales constitute nearly 10 percent of Israel's total military exports. Unmanned equipment exports were a relatively volatile market, the report noted.
Israel had USD 150 million in UAV exports in 2008, a figure which increased substantially in 2009 to USD 650 million.
Exports of the small surveillance planes peaked in 2010, a record year for drone sales, to USD 979 million.
The sales since then has dropped with UAV exports in 2011 slumping to USD 627 million, and in 2012 further to USD 260 million, the report said.
Frost and Sullivan noted that this last figure did not factor in a major deal signed with India for the upgrade of unmanned aircraft.
If that deal were to be included, it would boost the average annual export figures in the sector by about USD 100 million, it added.
Israel's average overall military exports over the past eight years have been about USD 6.1 billion a year.
Israel is considered a powerhouse in the field of unmanned aircraft, primarily due to the Israel Air Forces' impressive squadrons of UAVs.
This fleet includes Eitan, which boasts a wingspan of up to 26 meters, and the Hermes 450, which according to foreign reports, can be armed to carry out targeted killings from the air.
A third of the exports from 2005 to 2012 were destined for the Asia-Pacific region, including Azerbaijan and India.
The United States accounted for a mere 3.9 percent of Israel's UAV export sales from 2005 to 2012.
According to a report published by a business consulting firm, Israel is the world's largest exporter of unmanned aerial vehicles (UAVs) in terms of number of systems sold, earning a whopping USD 4.6 billion in sales during the last eight years, excluding a major deal with India for the upgrade of unmanned aircrafts.
According to details, Frost and Sullivan business consulting firm in a study have noted that UAVs, or drones, sales constitute nearly 10 percent of Israel's total military exports. Unmanned equipment exports were a relatively volatile market, the report noted.
Israel had USD 150 million in UAV exports in 2008, a figure which increased substantially in 2009 to USD 650 million.
Exports of the small surveillance planes peaked in 2010, a record year for drone sales, to USD 979 million.
The sales since then has dropped with UAV exports in 2011 slumping to USD 627 million, and in 2012 further to USD 260 million, the report said.
Frost and Sullivan noted that this last figure did not factor in a major deal signed with India for the upgrade of unmanned aircraft.
If that deal were to be included, it would boost the average annual export figures in the sector by about USD 100 million, it added.
Israel's average overall military exports over the past eight years have been about USD 6.1 billion a year.
Israel is considered a powerhouse in the field of unmanned aircraft, primarily due to the Israel Air Forces' impressive squadrons of UAVs.
This fleet includes Eitan, which boasts a wingspan of up to 26 meters, and the Hermes 450, which according to foreign reports, can be armed to carry out targeted killings from the air.
A third of the exports from 2005 to 2012 were destined for the Asia-Pacific region, including Azerbaijan and India.
The United States accounted for a mere 3.9 percent of Israel's UAV export sales from 2005 to 2012.
- See more at: Israel is the world's largest exporter of drones | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia
