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Drone market takes off in China

CCTV.com

06-07-2016 17:10 BJT

Turning to one of the fastest growing market in China and around the world: drones. Analysts say the investment growth in the sector dropped in the first quarter of this year from three months ago, after sales revenues doubled in the forth quarter of 2015. Would those investors look at China for future growth in the drone industry?

The Chinese sky will soon be filled with drones. Consultancy iResearch says the drone industry in China will become an 11 billion US dollar market by 2025. Top jobs for drones will be bird's-eye view photo shoots, agricultural spraying and security services.

"I think the market will stretch further to downstream businesses, such as video shooting and toys. This is a new buzz for comsumers. It will also go industrialized, to replacing low-end factory drones," said Xu Zhiguo chief defense analyst, Haitong Securities.

The Shenzhen-based technology firm DJI accounts for almost 70 percent of the market share worldwide, with Europe and North America its biggest customers.

That's a driving force behind the civilian drone market in China, which has grown more than 50 percent in recent years.

But new ideas continue to develop, just like this Hover Camera.

"To make it possible for our drones to hover in the air, we tried a lot to reduce the drones' weight and increase the elevating force of the engines and wings. That's why we created this kind of unique texture for our drones," said Wang Mengqiu CEO, zero zero robotics.

The only downside for investors in the sector is a lack of adequate regulations for low-altitude flying zones in China and around the world. Poor durability of some drones and compatibility problems also are issues.

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