Unmanned Vehicles Industry in Australia
July 1, 2019
As one of the richest nations in the world, Australia is currently in a strong economic position. Over the last quarter century, Australia’s medium-sized AU$1.7 trillion economy (ranked 14th in the world), has proven exceptionally resilient, recording 27 years of uninterrupted economic growth.
As part of the larger autonomous systems sector, Australian industry and government have identified unmanned vehicles as a critical component in the nation’s future economic success, and the sector offers Australia an important opportunity to drive the next wave of economic growth.
For the purpose of this report, the Australian unmanned vehicles sector has been split into three sub-categories:
- Unmanned Aerial Vehicles
- Unmanned Land Vehicles
- Autonomous Road Vehicles
Australia is well-placed to capitalize on the global growth in unmanned vehicles, and the Australian unmanned vehicles sector offers compelling opportunities for Virginia-based companies looking to do business in the market. Over the next five years, the Asia-Pacific region is forecast to be the fastest growing sector of the global unmanned vehicles market.