Exports of China's drones soared in 2015

Image
Press Trust of India Beijing
Last Updated : Jan 10 2016 | 4:42 PM IST
Civilian drones have become another of China's hot-selling tech products in global markets, with exports accounting for USD 412 million last year, in a nearly 10-fold increase from the previous year.
According to customs in the southern city of Shenzhen, where 99 per cent of China's civilian drones are exported from, exports amounted to 2.7 billion yuan (USD 412 million) between January and November, which was 9.2 times of the same period in 2014.
The Shenzhen-based technology firm DJI, a leading manufacturer of commercial and recreational drones for aerial photography and videography, has gained control of almost 70 per cent of the civilian drone market share worldwide, with Europe and North America its biggest customers, state-run Xinhua news agency reported.
The customs figures showed that 43 per cent of the exports were sent to Hong Kong before being shipped to the Americas and Europe.
While, 18 per cent of the export was shipped directly to the US.
Civilian drones are being used more and more for security and agriculture.
Founded in 2006, DJI's international fame started off in Hollywood where its drones were widely used in filming movies and TV shows.
China now has 400 firms involved in making drones.
DJI International hit the headlines last year when Pakistan claimed to have shot down a drone made by the firm along Line Of Control (LoC), saying it was India's.
New Delhi dismissed the claim, saying that the the type of drone was not part of the inventory of its forces.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2016 | 4:42 PM IST

Next Story