A new report from consulting firm Frost & Sullivan notes that the U.S. UAV industry’s immediate growth actually is dependent on federal research spending, which is dropping and could fall further under the automatic budget cuts known as sequestration. Frost said the UAV market earned almost $5 billion in revenue last year, and analysts say it could reach $6.53 billion in 2018. But a “large part” of the projected increase is due to research, development, test and evaluation ...


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