AI drone market analysis: drones in precision spraying and crop monitoring
Posted By: Yan | Published Date: May 06,2024
China's AI drone market is undergoing rapid development and has demonstrated a wide range of application potential in several fields, such as agriculture, monitoring, and logistics. The maturity of the market and technological advancements provide attractive opportunities for domestic and foreign investors.
In the domestic market, several brands and vendors have achieved significant market share growth through innovative technologies and service models. DJI Innovation Technology Limited (DJI) has emerged as a leader in the global drone market with its products widely used in both consumer and commercial markets. Apart from DJI, Yihang Intelligence and Shenzhen Hi-Tech Investment UAV Company have also gained a significant position in the market.
In 2023, Yihang Intelligence grew its market share in the agriculture sector by 20%, mainly due to the application of its drones in precision spraying and crop monitoring. Gaoxinvest UAV, on the other hand, focuses on the security monitoring market, and its products are used in the public security systems of several cities, effectively improving the efficiency of urban security management.
The key drivers of market demand include technological innovation, policy support and growing industry demand.
Technological advancements, such as the enhancement of automated flight control and image recognition technologies, have greatly expanded the application scope and performance of UAVs.
Government support for emerging technologies has also provided policy support for market growth, such as the application of UAVs in agriculture, environmental protection, and security, which has received a policy boost.
The growth in industry demand cannot be ignored either, especially in the field of e-commerce logistics and intelligent transportation where drones provide an efficient solution.
Major regions for production and consumption include the Pearl River Delta (PRD), Yangtze River Delta (YRD), and Beijing-Tianjin-Hebei (BTH) regions. The PRD region has become an important base for drone manufacturing due to its well-established electronics manufacturing infrastructure and technical talent pool. UAV applications in the YRD region are mainly focused on agriculture and environmental monitoring. The Beijing-Tianjin-Hebei region, on the other hand, has become a hotspot for R&D and testing of UAV technology due to its geographical location and policy advantages.
Taking DJI Technology as an example, its global market sales reached RMB 15 billion in 2023, with a growth rate of more than 25%. DJI's agricultural drones have been used in large-scale wheat fields in Henan Province, helping farmers realize early diagnosis of crop pests and diseases and precise spraying, saving an average of RMB 50 per acre and increasing crop yields by about 5%.
China's AI drone market is expected to continue to grow at a high rate, and the continuous advancement of technology and the expansion of application scenarios will drive the market to expand further.
Branded AI Drone Manufacturers
In the domestic market, several brands and vendors have achieved significant market share growth through innovative technologies and service models. DJI Innovation Technology Limited (DJI) has emerged as a leader in the global drone market with its products widely used in both consumer and commercial markets. Apart from DJI, Yihang Intelligence and Shenzhen Hi-Tech Investment UAV Company have also gained a significant position in the market.
In 2023, Yihang Intelligence grew its market share in the agriculture sector by 20%, mainly due to the application of its drones in precision spraying and crop monitoring. Gaoxinvest UAV, on the other hand, focuses on the security monitoring market, and its products are used in the public security systems of several cities, effectively improving the efficiency of urban security management.
AI Drone Market Demand Factors
The key drivers of market demand include technological innovation, policy support and growing industry demand.
Technological advancements, such as the enhancement of automated flight control and image recognition technologies, have greatly expanded the application scope and performance of UAVs.
Government support for emerging technologies has also provided policy support for market growth, such as the application of UAVs in agriculture, environmental protection, and security, which has received a policy boost.
The growth in industry demand cannot be ignored either, especially in the field of e-commerce logistics and intelligent transportation where drones provide an efficient solution.
AI Drone Regional Market Trends
Major regions for production and consumption include the Pearl River Delta (PRD), Yangtze River Delta (YRD), and Beijing-Tianjin-Hebei (BTH) regions. The PRD region has become an important base for drone manufacturing due to its well-established electronics manufacturing infrastructure and technical talent pool. UAV applications in the YRD region are mainly focused on agriculture and environmental monitoring. The Beijing-Tianjin-Hebei region, on the other hand, has become a hotspot for R&D and testing of UAV technology due to its geographical location and policy advantages.
Taking DJI Technology as an example, its global market sales reached RMB 15 billion in 2023, with a growth rate of more than 25%. DJI's agricultural drones have been used in large-scale wheat fields in Henan Province, helping farmers realize early diagnosis of crop pests and diseases and precise spraying, saving an average of RMB 50 per acre and increasing crop yields by about 5%.
China's AI drone market is expected to continue to grow at a high rate, and the continuous advancement of technology and the expansion of application scenarios will drive the market to expand further.