Drone makers see soaring growth but dark clouds circle industry
Updated: 2016-01-26 11:23
By Zhou Mo(China Daily)
As the industry becomes more regulated and mature, market players and analysts believe it is technology that will finally decide the fate of drone companies.
"Adjustment and knock-out are the natural laws in any industry," said Lin Weidong, president of Shenzhen Art-Tech R/C Hobby Co Ltd. "Only those with core technologies and a precise positioning (of their products) can survive."
Lin expects the percentage of drone companies with manufacturing and operational capability would decrease to 2 percent, or less, of the current number within five years.