China 'to Become World's Biggest Drone Producer' by 2023
China's state-owned drone manufacturer could take the lead in unmanned aerial vehicle production in less than 10 years, a recent report reveals.
Data published by the Forecast International, a private market researcher, suggests the company will provide drones mostly for domestic consumers, according to the World Bulletin.
By 2023, the Aviation Industry Corporation of China (AVIC) is expected to have the world's biggest share in an industry that is expected to grow from USD 942 M in 2014 to USD 2.3 B in 2023, or more than twofold.
- » Farmers Agree on Maximum EU Agriculture Subsidies of EUR 300,000
- » Bulgarian Car Market Grew 15% from January 2014
- » Retail Trade Volume Decreases Throughout EU in May 2014
- » Chinese Consortium to Invest BGN 20 M in Bulgaria's Karlovo
- » 50% of Bulgarian Food Comes From Grey Market – Producers
- » Bulgaria's Industrial Production Up By 5% in April – Eurostat