Unmanned Aerial Vehicle (UAV) did a very impressive job in this summer’s emergency rescue and disaster relief missions. According to those sent on such missions, UAV substantially shortened the emergency rescue and disaster relief time, saved the lives of the disaster victims and protected relief workers from danger.
The UAV sector is deemed one of the most sought-after emerging industries among investors. Teal Group, an American aerospace and defense consulting company, forecasts that the global UAV market size will grow to USD11.5bn by 2024, from USD6.4bn in 2015. Other statistics show that by 2020 China is expected to sell 290,000 UAVs, and more than 300 companies will be engaged in UAV-related services.
It was only three years ago that camera-equipped UVVs made their debut. Now, this sector sees fierce red sea competition as a result of lack of regulation, technical bottlenecks, a flood of products with identical or similar quality and functions, and price wars. China’s civil-use UAV sector attracted RMB 2bn worth of financing through 25 deals in 2015, rising by 400% from 4 financing deals recorded in 2014. The sector continues to attract massive financing in 2016. In the future, investors will shift their focus from consumption grade UAV to industrial grade UAV, however the entire UAV sector is set to grow significantly. Investing in the UAV sector in a scientific manner will help to secure sound growth. UAVs are also well placed to integrate into traditional sectors, and their broad applications ensure the substantial prospects of this sector.
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