The global drone industry is developing

The global UAV market has maintained a high growth trend. In recent years, the development of UAV industry has been accelerating, and gradually extended from the military field to the civil field. According to Mordor Intelligence, the global UAV market size reached $25.4 billion in 2019, growing by 28.93% year on year. The market size is expected to maintain a high growth rate to $74 billion in 2025, at a CAGR of 15.3% during 2021-2025.

China is a country where all components of UAV industrial chain can be produced by itself. With the help of a complete domestic supply chain system of electronic components, it can produce UAV electronic components and other parts at a lower cost. In addition, domestic UAV enterprises lead foreign enterprises in technology by virtue of their reserves of software and algorithm technology. In 2020, the scale of China’s UAV industry accounted for about 80% of the world, far ahead of the second and third place, the United States and Europe

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