Global drone market estimated to reach US$14 billion over next decade - study

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The worldwide non-military drone market, dominated by manufacturers in China, will triple in size to US$14.3 billion in sales over the next ...

WASHINGTON: The worldwide non-military drone market, dominated by manufacturers in China, will triple in size to US$14.3 billion in sales over the next decade, a study said on Wednesday, even as U.S. officials warn of national security risks.

Chinese manufacturers supply three-quarters of the world commercial and consumer markets by unit, said Phil Finnegan, a Teal Group analyst who authored the study. Chinese drone manufacturer DJI, which is at the centre of the criticism, was not immediately available for comment but said in a letter to a Senate subcommittee last month that security concerns about its products are"simply wrong" and that DJI customers have"full control of their data."The leading market segment for drones, the study said, is industrial inspection, which includes industries such as construction, energy and mining.

 

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