Chinese City Of Shenzhen Responsible For 70% Of Global Drone Market

Posted: Jun 20 2016, 2:32am CDT | by , in News | Latest Business News

 

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Chinese City of Shenzhen Responsible for 70% of Global Drone Market
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A single city in China accounts for 70 percent of the global civilian UAV market share.

China owns the drone market. A new report says that a single city in China handles 70% of the global civil drone market.

According to the Chinese National Business Daily, Shenzhen has more than 300 drone companies. Among them is category leading DJI.

The Shenzhen drone makers generate combined annual sales exceeding 20 billion yuan (~$3 billion).

"More than 90 percent of the UAV worldwide come from the city, especially consumer drones, said Yang Jincai, president of Shenzhen UAV association to the National Business Daily, via people.cn. "At the CES 2016, UAV companies from Shenzhen make for half of the domestic drone exhibitors," Yang added.

China is home to 400 drone companies as of 2015. Over 100 of them are focusing on the growing market of agricultural drones.

Fast growing Shenzhen is near Hong Kong. It is home to over 7 million people.

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<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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