NEWS： The global UAV market will reach 14 billion US dollars in the next decade
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Sales in the global non-military UAV market, now dominated by Chinese manufacturers, will triple to $14.3 billion over the next decade, even as U.S. officials repeatedly warned of national security risks from UAVs, according to a study released Wednesday.
As the Federal Aviation Administration (FAA) gradually opens up American airspace and UAVs are more used for commercial and industrial purposes, the non-military UAV market, estimated to be $4.9 billion this year, will benefit, according to research by Teal Group, an aviation analyst.
The report comes at a time when security concerns among U.S. officials and U.S. private companies are deepening, fearing that the Chinese government may acquire sensitive data and videos from Chinese-made UAVs.
Phil Finnegan, an analyst at Teal Group and author of the study, said that by volume, Chinese manufacturers supply three-quarters of the global commercial and consumer markets for UAVs.
According to a notice seen by Reuters, the U.S. Department of Homeland Security warned U.S. companies in May to be careful about the risks that Chinese-made UAVs pose to corporate data.
At the centre of criticism, Xinjiang Innovation, a Chinese manufacturer of unmanned aerial vehicles, called these security concerns "false" and "misguided".
In a telephone interview, company spokesman Michael Oldenburg said that innovative customers in Xinjiang could "fully and completely" control their data.
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