Asia Pacific UAV Market Analysis and forecast by 2024

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Asia Pacific Commercial Drone Market to reach USD
5 bn by 2024 Graphical Research
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Key Insights from Asia Pacific Commercial Drone
Market

• Graphical Research says, Unmanned Aerial Vehicle
  Market in APAC is projected to surpass 5 bn by
  2024.
• The Asia Pacific commercial drone market is
  driven by supportive government initiatives
  across the region. The governments across the
  region are constantly working on regulating the
  commercial use of drones and testing new
  applications of UAVs for commercial purposes. For
  instance, in 2017, the Civil Aviation
  Administration of China revised the regulations
  related to drone operation licensing and
  commercial applications of drones.
• Aerial photography is anticipated to be the most
  lucrative application of the drones in the Asia
  Pacific region. It accounted for a stake of over
  30 in the market. The growth of the market is
  credited to the growing adoption of the drones
  for aerial photography and imaging purposes. The
  drones are widely being used for filming,
  videography, and photography in media
  entertainment companies due to their
  cost-effectiveness, convenience, and ease of use.

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Continued...

• The Indian commercial drone market is predicted
  to attain a growth rate of over 32 during the
  forecast timeline. The market is driven by
  government initiatives to legalize the use of
  drones for commercial applications.
• In October 2017, the Directorate General of Civil
  Aviation (DGCA), the countrys aviation
  regulatory body unveiled draft norms for the
  utilization of commercial drones. Furthermore,
  increasing start-ups and venture capital
  investments in the region also foster the market
  growth.
• The key vendors in the Asia Pacific commercial
  drone market are DJI, Walkera, 3D Robotics,
  Xiaomi, Parrot, Yuneec International, Ehang,
  Inc., Hoverfly Technologies, and Intel
  Corporation.
• The players are competing based on products,
  technologies, and services. Strategic
  collaborations are among the major approaches
  used by the market players to increase their
  customer base and expand their product portfolio.
  For instance, in 2017, DJI K-Pop Powerhouse
  Zanybros formed a strategic alliance to enhance
  their product capabilities for the music
  entertainment industry.

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reserved.


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Continued...
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Browse Full Market Research Report Asia Pacific
Commercial Drone Market _at_ https//bit.ly/2Anv326
Request for a Sample of this Research Report
_at_ https//bit.ly/2tW8Eot
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reserved.


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