China’s commercial drones market to exceed $9 billion by 2020

Almaty. December 26. Silkroadnews - China’s commercial drones market will exceed $9 billion by 2020, Global Times reports.
“China has released new guidelines on the civilian unmanned aerial vehicle (UAV) industry, with the sector's market value forecast to expand 40 percent year-on-year on average to 60 billion yuan ($ 9.1 billion) by 2020,” the report said.
It is noted, the market’s total value is expected to increase to 180 billion yuan by 2025. This estimate is much higher than the forecast by iResearch report made last year, where it was assumed that the total cost of the UAV market could reach 75 billion yuan by 2025.
Over the recent years the production of drones in the country has been growing rapidly, as they are widely used in geodesy and cartography, as well as for personal purposes. China is already one of the world leaders in UAV manufacturing industry.
Reportedly, the country plans to strengthen its competitive advantages and assist the development of several leading manufacturers of unmanned aerial vehicles by 2020.
“Although the use of drones in agriculture, environmental monitoring and public entertainment has been largely positive, civilian drones have threatened safety of civil aviation on many occasions.
In late April, four drones flew illegally over Chengdu Shuangliu International Airport in Southwest China's Sichuan Province. They forced 58 flights to land at alternative airports, four to return to their points of departure, and many more to be canceled,” the report reads.
China requires that starting from June 1, civilian drones weighing more than 250 grams to be registered to improve safety in civil aviation.