Global UAV market is expected to reach USD 30 Billion by 2024 from USD 7.9 Billion in 2017

Global UAV market is expected to reach USD 30 Billion by 2024 from USD 7.9 Billion in 2017

Global and Chinese markets for drones 2019 – 2024
MarketResearchReports.com has announced the addition of “Market research report on the Global and Chinese markets for drones 2019-2024” research report to their website www.MarketResearchReports.com

Unmanned Aerial Vehicles (UAV) or Drones are machines capable of flight without a pilot and are capable of automatic flight or remote-controlled flight. These UAVs are designed for multiple uses and are also capable of completing missions with various payloads. According to publisher estimates, there are at least 1200 companies in the UAV business in China.

 

The Global UAV market and the potential in the market has attracted the attention and participation of various international military industrialists and development teams from across the world. The Global UAV market size in 2017 was at USD 7.9 billion, and as UAVs continue to undergo technological development and diversification along with developments in consumer drones, the Global UAV market is projected to reach a size of USD 30 billion by the end of 2024.

 

The national bureau of statistics indicate that the Chinese consumer drone market was developing at a fast pace throughout 2017. A total of 2.9 million drones were manufactured in 2017, a year-on-year growth of 67%. Growth in the drone market was much higher than that of some of the hottest industries in the country, such as the EV, railcar, lithium battery and solar battery industries. The Chinese UAV market reached a total of CNY 13.6 billion by the end of 2017, with the consumer drone market reaching a total of CNY 7.9 billion, while the military UAV market reached a total of CNY 5.7 billion.

 

The Chinese UAV industry has formed an ecosystem with research, manufacturing, sales and services. The industry is expected to reach a total size of CNY 107.3 billion by the end of 2024, with the military UAV and consumer drone market expected to reach sizes of CNY 17.3 billion and CNY 90 billion respectively.

 

Spanning over 141 pages Market research report on the Global and Chinese markets for drones 2019-2024” report covers Global UAV industry developments, Chinese UAV developments, Chinese military UAV market demand analysis, Chinese consumer drone market demand projections, Global UAV exports and competitive analysis, Global UAV companies, Global and Chinese UAV investment barriers and risks, 2019-2024 Global and Chinese UAV development trends and market projections.

 

Please visit this link for more details: https://www.marketresearchreports.com/askci/market-research-report-global-and-chinese-markets-drones-2019-2024

 

Find all Unmanned Aerial Vehicle (UAV) Reports at:  https://www.marketresearchreports.com/unmanned-aerial-vehicle-uav

 

Read our Interactive Market Research Blog

 

About MarketResearchReports.com

MarketResearchReports.com is world’s largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global & regional markets which comprise key industries, leading market players, new products and latest industry analysis & trends.

 

Press Contact:
Mr. Sudeep Chakravarty
Director – Operations
MarketResearchReports.com

USA: +1-302-703-9904

 

Contact us for your market research requirements: https://www.marketresearchreports.com/contact

Media Contact
Company Name: MarketResearchReports.com
Contact Person: Sudeep Chakravarty
Email: Send Email
Phone: +1-302-703-9904
Address:16192 Coastal Hwy
City: Lewes
State: Delaware
Country: United States
Website: www.marketresearchreports.com