Proof Point
Goldman Sachs estimated cumulative military drone spending to be significantly driven by U.S. from 2017 to 2021 at $17.5 billion
Estimated Cumulative Military Drone Spending
2017F – 2021F (US$ billion)
| Note: | Data was collected by Goldman Sachs Research from United States Department of Defense (DoD), Government of the U.K., Stockholm International Peace Research Institute (SIPRI), and Defense News |
Proof Point Findings
- U.S Lead – U.S. forecasted to massively lead total military drone spending from 2017 to 2021, with $17.5 billion
- Following Countries – Other leading countries include China ($4.5 billion), Russia ($3.9 billion), U.K. ($3.5 billion) and Australia ($3.1 billion)
- Key Growth Drivers – Include rapidly increasing advancements in drone technology, easing regulatory frameworks for drone usage, and proliferation of military applications enabled by drone technology
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Accelerator |
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Sector |
Military and Security
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Source |
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Date Last Updated |
February 28, 2018
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