Drones from Shenzhen takes the China market by storm
According to statistics, as of the end of 2019, there have been over 600 drone developers in Shenzhen, China. Consumer drones account for 80% of the global market share, and industrial drones account for 60% of the domestic market. The annual transaction scale is nearly $7.3 billion.
Among them, lurks several well-known drone companies, such as DJI, AEE Aviation Technology, and MMC.
Shenzhen has become a major production base for drones in the world.
At the present, the largest market for civilian drones lies in public services, which accounts for 80% of the total demand. In fields such as police, fire protection, plant protection, inspections, meteorology, and surveying and mapping.
China’s civilian drone industry continues to develop. In 2020, the output value will reach $8.8 billion USD, showing an average annual growth rate of over 30%; by the year 2025, the drone output value will increase to $26.5 billion, with an average annual growth rate of over 25%. Among them, the output value of Shenzhen drones is expected to be nearly $7.3 billion in 2020.