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Asia Pacific Unmanned Aerial Vehicle (UAV) Market Analysis and forecast by 2024

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.

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Asia Pacific Unmanned Aerial Vehicle (UAV) Market Analysis and forecast by 2024

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  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 country’s 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 @ https://bit.ly/2Anv326 Request for a Sample of this Research Report @ https://bit.ly/2tW8Eot ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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