China accounts for 80% of the global market for commercial drones, the report said
BEIJING / BERLIN: China, a German drone research company, Drone Industry Insights, said in a recent report that China accounts for about 80 percent of the global market for commercial drones (UAVs or unmanned aerial vehicles). Top of the list worldwide.
In recent years, China’s civilian drone industry has grown rapidly, reaching about 80% of the global market.
A similar report by Mordor Intelligence last year said China’s share of the global commercial drones market was more than 70 percent, with 130 drone manufacturers in China as of 2013, up nine times in 2019. With an increase of more than 1,200.
In the global market for commercial UAVs (commercial and civilian aircraft), China’s DJI Innovation Technology Co., Ltd., in particular, is considered to be the largest company in the world. Drones alone have a 70% share of the market.
According to the UAV Market Report 2020-2025, released by Drone Industry Insights, the total volume of the global UAV, the drone market, in 2019 was about ارب 18 billion.
This volume is expected to steadily increase to .8 42.8 billion by 2025, more than double that.
Bai Ming, deputy director of the International Market Research Institute at the Chinese Academy of Commerce, believes that the drone industry in China could become a new economic growth industry.