(MENAFN- PR Newswire)
Asia Pacific is known as a global leader in technology and innovation. In recent times, it has been the fastest-growing Technology companies based on percentage revenue growth over three years. China, Malaysia, South The growth of the small drone market in Asia Pacific can be attributed to the rise in military spending (both in defense and homeland security) of countries in the region to enhance their defense capabilities. Moreover, political tensions in Asia Pacific have led to the deployment of drones to ensure the security of national borders. This serves to be one of the most significant factors driving the growth of the small drone market in the region.
The small drone market in Asia Pacific has witnessed significant growth, which can be attributed to innovations in UAV technology, low-cost manufacturing of UAV parts, and increased demand for doorstep deliveries. China, India, Japan, Australia, and South Korea contribute to the growth of the small drone market in Asia Pacific.
The major players include DJI (China), Parrot Drone SAS (France), Israel Aerospace Industry Ltd. (Israel), AeroVironment, Inc. (US), and Lockheed Martin Corporation (US).
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