China’s drone industry crossed the RMB 100 billion ($14 billion) mark for the first time last year, as market expansion into areas such as low-altitude logistics helped drive domestic demand, reports the South China Morning Post. The industry’s annual output reached RMB 117 billion last year, up more than 34% from RMB 87 billion in 2021, according to Yang Jincai, chairman of the Shenzhen Unmanned Aerial Vehicle Industry Association, in his presentation at the 7th Drone World Congress that was held from June 2 to 4, 2023, in Shenzhen.Drone-related enterprises in the country surged to more than 15,000 at the end of last year, a 25% increase from 12,000 in 2021, according to a report on the event by sznews.com, which is affiliated with the state-backed Shenzhen Press Group.Registered drones across the country, meanwhile, totalled 95,000 in 2022, the report said. (ICE PECHINO)

Fonte notizia: China Economic Review