China's Drone Industry Grows To $11.5 Billion By 2025

Posted: Jun 5 2016, 12:43pm CDT | by , Updated: Jun 6 2016, 12:56am CDT, in News | Latest Business News

 

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China's Drone Industry Grows to $11.5 Billion by 2025
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A new research report predicts the revenue Chinese drone makers generate in 10 years to exceed 75 billion Yuan ($11.5 Billion).

Chinese companies own the world-wide drone market. DJI alone has about 70% marketshare in camera drones world-wide. iResearch estimates the total market revenue of Chinese drone makers to reach 75 billion Yuan ($11.5 Billion) in 2025.

This number is comprised by 30 billion Yuan generated by aerial photography drones. Civilian drones in the agriculture, forestry and plant protection, security and power inspection are predicted to generate 20 billion, 15 billion and 5 billion Yuan respectively. The research firm does not include military drones in their drone market forecast.

The market share forecasts for drones vary widely. The main reason for this are the definitions of which kind of drones are part of a forecast. Another issue is the difference in the optimism how many industries drones will change. Drones could change the transport industry and the farming, besides how we do selfies in the future.

PricewaterhouseCoopers LLP forecasts that the global drone market will reach $127 billion by 2020. In report this month Grand View Research estimates the consumer drone market to reach $4.19 billion by 2024.

The complete 2016 China's Drone Industry Report is available on iResearch. Via Xinhua.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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