As an efficient and safe aircraft, UAVs can replace manual work to better complete data collection, high-altitude shooting, geological telemetry, remote monitoring and other operations. In recent years, with the rapid development of flight control and navigation technology, UAVs have the conditions of miniaturization, intelligence and low cost, and the UAV industry has developed rapidly and matured. From January 1, 2024, the "Interim Regulations on the Flight Management of Unmanned Aircraft" will be officially implemented. This is China's first regulation on the full-chain management of unmanned aircraft flight and related activities, marking a new stage in China's management of UAVs. 
Overview
Drones are called"Aerial robots"It is an unmanned aircraft operated by radio remote control equipment and its own program control device, including unmanned fixed-wing aircraft, multi-rotor aircraft, unmanned airships, unmanned paragliders, etc. According to different fields of use, drones can be divided into three categories: military, civilian and consumer. 
Classification and use characteristics of UAVsAccording to the classification of aerodynamic layout, UAVs are mainly divided into fixed-wing UAVs, multi-rotor UAVs, and unmanned vertical take-off and landing fixed-wing UAVs. Due to the characteristics of vertical take-off and landing fixed-wing unmanned aerial vehicle (VTOL) with convenient take-off and landing, flight time, etc., and has application advantages, the number of shares in the industrial UAV market has gradually increased, and the market share has gradually increased, and it has become one of the main layout forms of industrial UAVs. 
Types and characteristics of drones 02
Industrial chain map
The upstream of the UAV industry chain mainly covers the design, research and development and raw materials of UAVs**. In terms of raw materials, it involves metal materials such as steel, aluminum alloys, titanium alloys, etc., as well as composite materials, such as resin-based, ceramic-based and metal-based. This link is the basis of UAV manufacturing and has an important impact on the quality and performance of UAVs. The midstream includes the development and manufacture of unmanned aerial systems, covering two major areas: military and civilian drones. Civilian drones are further divided into consumer and industrial grades, depending on their use. In this link, the hardware and software systems of the drone are integrated to meet the needs of various applications. Downstream is the field of application of drones. This includes a wide range of applications in the field of defense and security, agriculture and forestry plant protection, aerial photography, environmental monitoring, logistics and transportation, geographic mapping, and emergency inspection. Drones are used in this link to perform specific tasks and solve practical problems. 
The structure of the UAV industry chain
Panorama of the UAV industry 03
Industry Competitive Landscape
Military drones: the United States, Israel and China are leading, and the domestic concentration is concentrated in military industrial groups and universities
The United States, Israel, Europe, etc. are the leaders of military drones, and China started late but has a rapid development momentum. According to the technical level, the United States, Israel, the United Kingdom and France have a leading level of UAV development and production, and the type spectrum is basically complete, and it is the main competitor in the international military UAV market; China, Russia, Japan and other countries have the ability to engage in independent research and development of military UAVs, but the development is slightly slower than that of leading countries. The United States is one of the first countries in the world to develop and use unmanned aerial vehicles, with advanced technology and rich variety, and has formed a complete UAV system covering high, medium and low altitude, long, medium and short range, large, medium and small, strategic, tactical, attack and confrontation. The main manufacturers of military drones are Northrop Grumman, Boeing, Lockheed Martin, General Atomics Aeronautical Systems, and Textron Systems. Israel's UAV technology mainly originates from the United States, relying on imitation, transformation, and independent innovation to gradually develop, and has become the world's second largest power after the United States in UAV technology. After decades of accumulation, the core technology and product performance keep up with the forefront of international development, basically meet the domestic military needs, and go to the international market with cost-effective advantages. However, China's existing pedigree is mainly medium and high-altitude, long-range, and heavy-duty UAVs, and there is still room for improvement in the field of medium- and low-altitude, small, and light UAVs. At present, the research funds for UAV research mainly come from national capital investment, and the research and development work is dominated by Beihang University, China Southern Airlines and Northwestern Polytechnical University, and the research institutes and units under the Aviation Industry Corporation of China, China Aerospace Science and Industry Corporation, and China Aerospace Science and Technology Corporation actively participate in the research and development work. 
China's major military drone manufacturers Source: Qianzhan Industry Research InstituteCivil UAVs: Diversified application scenarios lead to competitive differentiation, and downstream application enterprises penetrate into body manufacturingThe abundant downstream application scenarios have led to an increasingly significant trend of competition and differentiation in the field of civil UAVs. According to the classification of application scenarios, the downstream application scenarios of civil UAVs include aerial surveying and mapping, industry and energy, entertainment and **, forest fire prevention, high-altitude imaging, geographic mapping, disaster early warning, precision agriculture, retail express delivery, security and monitoring, etc. The market size of industrial drone segments continues to grow, industry solutions are becoming more and more mature, and industrial drone market participants are actively expanding application scenarios, resulting in an increasingly significant trend of industry competition differentiation. In many and scattered application scenarios, there are a large number of enterprises in the industrial drone industry, except for DJI's high market share of drones, the market share of other industrial drone companies is relatively low. There are certain differences in the competitive landscape of the industrial drone market with different pneumatic layouts. From the perspective of classification, the product types of industrial UAV enterprises are mainly divided into multi-rotor UAVs, fixed-wing UAVs and vertical take-off and landing fixed-wing UAVs. In the field of multi-rotor UAVs, DJI, Corbett, Pegasus Robotics, XAG, Zhonghaida, Yiwatt, etc. are the main players in China, among which DJI occupies more than 70% of the global market share by virtue of its first-mover advantage and technical strength, presenting a dominant competitive pattern. In the field of fixed-wing vertical take-off and landing fixed-wing UAVs, the main players currently include Zongheng Co., Ltd., Guandian Defense, Corbett, Aerospace Hongtu, etc. 04
Industrial drones are the driving force for the development of the civil drone market in the future
According to the "General Aviation Industry Development *** 2022)", the global civil UAV market will exceed 160 billion yuan in 2021, of which industrial-grade UAVs account for about 60%. With the continuous expansion of downstream application fields, it is expected that the civil UAV market will reach 500 billion yuan in 2025, with a compound growth rate of 329%, of which the proportion of industrial-grade drones has increased to 80%, about 400 billion yuan. Global Civil Drones Market Size** in USD billions
In 2024, the domestic industrial-grade drone market is expected to reach 150 billion yuan
According to Frost & Sullivan data, it is estimated that by 2024, the market size of China's industrial-grade drones will be about 150 billion yuan, with a five-year compound growth rate of about 58%, of which the geographic surveying and mapping, agriculture, forestry and plant protection, express logistics, police security, and power inspection markets will be about 448 318 255 200 20 billion yuan respectively. It is estimated that by 2024, the market size of China's industrial drones will be 4059.9 billion yuan, of which the market size of vertical take-off and landing fixed-wing UAVs is 1242.6 billion yuan, accounting for 1012% to 3061%, and the market share of multi-rotor drones is from 805% dropped sharply to 572%。China's industrial drone market size: by downstream application field (100 million yuan).
At present, China's industrial drones are mainly used in surveying and mapping and geographic information, inspection, security monitoring, agriculture and forestry plant protection and other fields. In recent years, the market share in the fields of inspection, surveying and mapping and geographic information, and security monitoring has increased significantly. According to Frost & Sullivan data, from 2015 to 2019, the size of China's industrial drone market increased from 300.3 billion yuan increased to 1517.9 billion yuan (including UAV complete machines and UAV services), it is estimated that by 2024, the market size of industrial-grade UAVs will be about 150 billion yuan, with a five-year compound growth rate of about 58%, including about 31.8 billion yuan for agriculture, forestry and plant protection, about 20 billion yuan for the police security market, about 20 billion yuan for power inspection, about 25.5 billion yuan for express logistics, and about 44.8 billion yuan for geographic surveying and mapping.
The concentration of the industrial drone market is low, and the industry differentiation is obviousThe degree of standardization of industrial-grade UAVs is low, and there are a large number of enterprises in the industry, and there has not yet been a dominant competitive situation. Except for DJI, which has a high market share, other industrial drone companies have a low market share. The reason for this, we believe, first of all, is that unlike the consumer drone market, which focuses on application effects, industrial drones pay more attention to technical indicators and customization capabilities. The customization capability is reflected in the secondary development of different UAV subsystems to achieve customized functions in different application fields, with a low degree of industry standardization and weak large-scale replication capabilities. Secondly, industrial drone manufacturers are actively expanding application scenarios, at this stage, many companies only focus on a certain industry for in-depth mining, there are few cross-industries with each other, and the industry as a whole is differentiated. The application fields of industrial-grade drones include agricultural plant protection, power inspection, aerial surveying and mapping, police security, environmental monitoring, etc. In 2022, the most widely used field of industrial drones in China is geographic surveying and mapping, accounting for 29%, followed by agriculture, forestry, plant protection, patrol and inspection. China has a vast land area, as a large agricultural country, with the increase of urbanization, the need for industrial drones is gradually increasing. In addition, China is vigorously developing smart cities, and industrial drones are expected to improve the level of urban management with their platform, unmanned and intelligent characteristics. According to Frost &Sullivan, China's industrial drone market will reach 320.8 billion yuan in 2024, with a compound growth rate of 56% from 2020 to 2024.