Chinese companies are taking the wing
According to Drone Industry Insights
, there were 199 investment deals involving drone manufacturing companies in 2021 worth $7 billion. Market analysts expect the global Unmanned Aerial Vehicle (UAV) market to reach $30 billion by the end of 2022. Within ten years, it is expected to grow by an average of 25 %.
It includes all applications: children's toys, professional photography and TV sectors, aeronautics fans, drones and, of course, the military.
China accounts for more than 70 % of the global civilian drone market, with about 70,000
firms operating in the country that are in one way or another connected with the UAV industry. Not surprisingly, it is the Chinese DJI
that owns up to 80 % of the world market. The company started back in 2006 selling drones for $6,000, and now it is her to thank for the affordable price of drones for the wider audience.
In the EU, the largest manufacturer is the French Parrot
. The company was founded back in 1994, but since 2017 it has specialized exclusively in drones. She is ranked second largest in the world by UAV coach
leads the way in the US. Founded by MIT alumni who worked on Google's drone project, it's already worth a billion dollars. But in the ranking, it still lets other manufacturers from different countries go.