Asia Pacific UAV Market Analysis and forecast by 2024 - PowerPoint PPT Presentation

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Asia Pacific UAV Market Analysis and forecast by 2024

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The APAC commercial drone market growth is driven by the increasing investments by the venture capitalists in the drone space. The investment is led by the Chinese players. – PowerPoint PPT presentation

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Title: Asia Pacific UAV Market Analysis and forecast by 2024


1

Asia Pacific Commercial Drone Market to reach USD
5 bn by 2024 Graphical Research
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
2

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.

2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
3

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.

2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
4

Continued...
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
5

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
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
6

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