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1. Experts introduce the global and Chinese market space and growth of military, industrial, and consumer drones. For military use,
is mainly used for war systems and defense systems. It is a very independent system.
generally does not put military aircraft or military equipment, military equipment and civilian equipment in the same dimension, because the two markets are completely independent, and there is no direct relationship, including this Technology, including this capital, including upstream and downstream cooperation methods, are completely independent systems.
We generally divide it into industrial and consumer categories. As for the industrial consumer category, this is what we can see and engage in more often. One is the models that we usually come into contact with, model aircraft.
also has a class that can complete some functions and complete some tasks. This is also a consumer class that everyone can afford. It is not for the B-side or the G-side. We call it It's consumer.
Another type is collectively called the industrial category, which is used for this kind of measurement, or logistics and transportation, or aviation monitoring, which we collectively call the industrial field.
started using industrial drones in 2015-16. At that time, it began to highlight its space advantages, quick return advantages and technology platform integration capabilities in various industry fields.
1 Around 2014, the consumer drones that were and DJI were just in a breakthrough mode. We had actually paid attention to
at that time and had begun to engage in industrial applications. The earliest industrial category of
1 was in the field of security. Shenzhen was called the security capital at that time.
Most companies have begun to turn to drones because they are all hardware terminals. What type of companies turn to drones is to make security monitoring equipment, such as cameras or chips. Many of them are not originally made to make aircraft. Yes, it has a lot of genes.
started out as an aircraft manufacturer. This is one category; there is another category that is an aircraft manufacturer, which is those who come from aerospace institutes or scientific research institutions. Their earliest entry was model aircraft.
If model airplanes were first mapped to the market, they would be toys. What we call more commonly known as model airplane toys is that this industry is relatively mature and the market has exploded overseas.
In fact, the model airplane toys they sell every year are relatively new in the toy market, but the entire toy industry chain is very mature in overseas markets, so this volume is very guaranteed.
So many factories that make model aircraft toys started in Shenzhen and Guangdong, so these people have more or less aviation or aerospace-related backgrounds.
Then there is the other category I just mentioned. One is Shenzhen. There were many such security companies at the earliest. They are doing research and development of various hardware terminals, and the entire industry chain is very, very mature.
There are many companies in China that make drones, industrial drones, artificial intelligence , or intelligent transportation. Many of them are related to security companies.
Because these companies are gathered here, when the industry is affected and fluctuates, if they want to seek new growth and new markets, they will choose to make drones.
also has algorithm companies and data companies such as artificial intelligence.
is more representative of the wave that was first started in Shenzhen. Some of them also came from DJI. For some companies like Corbett and Aite, in fact, you will find that they were actually the first to land. It is also in the field of security and public security, because many of their foundations are related to this.When it comes to the global growth of
, in terms of the industrial field, its application coverage in overseas markets is not as frequent as we imagined.
consumer applications are actually quite popular in overseas markets, and its coverage is likely to even exceed that of China in some countries.
Of course, Asia is still the main battlefield for consumer drones or industrial drones, and its future growth trend and even market share.
Asian countries are Southeast Asian countries. They actually account for a very large proportion, and I also have statistics on this growth rate. Southeast Asian countries may still account for 60 to 70%.
As for the industrial sector, judging from this growth trend, some big brands may go abroad earlier and more easily. Maybe these small and medium-sized enterprises may have certain technologies, but many will not easily expand overseas markets; Especially without the help of a large amount of capital or the integration of market resources, and before that situation has been reached, this kind of investment is heavy asset , so they generally will not easily expand overseas markets.
In the short term, these companies will not have much growth overseas. We will pay more attention to some big international brand companies.
2. Question and answer exchange.
1. Question: The application of industrial drones in different downstream industries in China.
answer: The first is engineering mapping , which is a very big piece.
Engineering surveying and mapping actually focus more on some of the more traditional natural resources. One is the natural resource system, such as land survey, land engineering survey, surveying and mapping survey, these are major types of services. It actually occupies even more than 60 to 70% of the total applications in our current drone market.
is like many companies. If they say they don't do this business, they will basically have few projects throughout the year.
Many of the projects are scattered projects, from land to houses to farmland to oceans to forests. These are all natural resources, so the inspection around this natural resource system, or the smart test, is They all belong to this measurement, or it is called line testing, or it is called line testing planning, etc. For the
series, I think it accounts for a very large proportion.
3 As for security and emergency response, Zhiqian has this demand, but the demand and budgetary allocation in each region and province are different, which directly determines the amount of this demand. There may be some There are many places, some may not have any at all, or even fewer, and some may just sell a few devices.
But as I just mentioned, there is one piece of engineering services, and the other piece is hardware.
Because some companies have been prominent in the form of hardware since 2014 or 2015, but in fact, after that, they have actually entered two waves of reshuffle, and many hardware companies cannot continue to do so. , then they will transform into data services and engineering services, so some companies have become information companies.
is an information company built around this data, but its main tool and platform is drones.
These are two parts, and then the third category is that I separate it separately, which is logistics. Logistics involves many factors, but the current drone scene is really unfolding or is about to be implemented. , General traditional drone companies actually do not have this capability.
is more about serving other types of companies from its applications, such as e-commerce companies and traditional logistics companies.
It has the capital, ability, and network to build such a system, and then adopt some hardware or software services from the drone supplier or manufacturer, or even some software dispatching platform these functions.
So when it comes to the potential of traditional drone companies, I think if they only passively provide an algorithm, or provide a software, or provide a hardware, or provide a flight service, then its The advantage may not be as great as we think, so this depends on its ability to integrate upstream and downstream resources in other industries. Where will the biggest demand for
come from in the future?
I personally think that in terms of logistics, there are many factors and conditions, policy factors, technical factors, human factors, and ethical factors. I think these things can all be solved together in an inseparable process. Then these Once all the problems are solved, we may see a very large increase in the field of logistics later, and this increase may be a subversion, that is, when you transport ground objects, a large part of it is carried out through space. This transformation and this imagination space are very large; but there are still many factors for its implementation, so we can only wait and see, and then look at the development of technology and market. This is one, because there are too many problems in this. Only by solving the problem in advance can we have the second step, the third step and the fourth step, and finally reach a big market.
In addition to the one mentioned just now, I think the biggest demand in the future is agricultural quality assurance. Agricultural quality assurance is actually currently being done by many companies, including some representative companies, which have also formed a certain scale.
But more may be in the hardware. In terms of services, it is still relatively fragmented. However, the current volume in this direction should continue to grow relatively speaking, because everyone has begun to accept such a new Tools and platforms are used for applications in this industry, so I think agricultural quality assurance should be considered second.
But relatively speaking, if you compare industrial drones with military drones , the proportion of military drones is very large.
Civilian drones , whether for consumption or industry combined, are far inferior to military drones, and the difference is N orders of magnitude.
5 So from the perspective of industrial drones alone, the demand may increase significantly. One is agricultural quality assurance and the other is logistics. I think these two are more imaginative.
Such traditional surveying and mapping, because what we are currently doing in this country is called multi-measurement integration, which may have some impact, but the entire environment is actually shrinking.
is in the process of rectifying the business environment. In fact, it is to optimize the entire process, that is, I will test it once and it will be done. I will spend less money to do more things, and then reduce the pressure on the enterprise.
is in the field of surveying and mapping. In fact, it has a relatively good and stable business demand, but I think this demand will shrink to a certain extent in recent years, and then its growth rate may not be so fast and will become one thousand. Stable, at this time, it is a very big pain for many drone companies. They will not be able to get jobs, have no business, or have less business. I personally think that the third largest increase in
is in Nengyang. In the context of carbon neutrality and 3.0t machine automation in industrial manufacturing, I think a very interesting part of this is Nengyong resource monitoring.
Because with the deployment of energy resources, there is no problem in the construction of wind, solar, hydropower, but now we are encountering a big pain point. Operation and maintenance is a very big problem, and there is a big incremental point. I personally think these three areas of
have great potential.
2. Question: Logistics has a long way to go. Is it mainly related to some issues, such as airspace supervision and corresponding qualifications?
Perhaps it would be easier for logistics companies to take the lead, because for example, Aerospace Electronics and SF Express have also cooperated to set up companies to do drone logistics. What do you think? ?
Answer: The airspace is a block. Because of China’s institutional environment, it takes time to settle and solve some problems in each link.
In fact, the biggest problem here, I personally think, is security and stability.
is why everyone is not doing this now. Although it has been applied in many aspects and the industrial application sector has actually done very well and has a very good market share, why is it not deployed so quickly?
One is that the time has not arrived, and the other is that the policy is still unclear.
Because drones will be classified into different categories based on their functions, weight, flight altitude, speed, and some of their attributes. These categories are strictly defined by the aviation bureau, and this definition is straightforward. Determines the upper limit of its development and the scope of its development.
So in the short-term big policy environment, there are still many things that are restricted by policies.
Secondly, I think technology is not as optimistic as we imagined. We use large 6 drones or small drones for transportation, and small drones for transportation. In fact, there are many problems, and this network Even if you haven't set up one yet, will these machines be useful no matter how many times you use them?
is useless.
is actually its fundamental source. It solves policy issues first and network problems second.
network problem, I mean the network, the flight network, this kind of flight network, why are big companies now fighting for this network, we call it a route, then if this route is won, then you can try it Whether it is , JD.com, or SF Express, SF Express has actually done something in this area and indeed set an example.
But in fact, this matter is not that simple. I think there is still a process, the technology, the policy, and the upstream and downstream. Your price and ability to transport, you are definitely not an ordinary consumer. When it comes to drones, it must be more industrial, but it can also produce in a quantified manner. At the same time, it can solve some problems in all aspects. This kind of company can do it.
3. Question: As for military drones, in addition to domestic use, because the Wing Loongs they sell to China Aviation Drones include some military drones, what is the future of foreign trade?
Answer: Military drones have several advantages and disadvantages compared to civilian drones. The advantage of
is that once the military drones are implemented and started, the incremental space is very large. I think there is no ceiling in the short term.
For large-scale battles, its demand will largely replace the traditional war system or defense system.
has a very large space, but ordinary companies cannot participate.
The market size of military drones has far exceeded the civilian market, and its demand is also very large.
As long as your product's price/performance ratio is good enough, it will be very advantageous in overseas markets. Currently, the price-performance ratio of
's normal monitoring and typing is not simply a price, but the quality of the function it does and some potential resources it exchanges for. In the process of selling products of this type,
is actually more of an exchange of resources, a replacement of a large strategy and policy. It is not a completely simple sales behavior.
Because some countries have a strategic plan, some countries really want to make money, and some countries have to replace the right to speak in international politics and other factors.
, so it cannot completely use a pure market economy to price a product of , so what I am talking about is more cost-effective. He sells this machine and gets back some resources, which happens to be in the A very good balance. The price of
is cheaper than that in similar markets. The so-called similar markets are nothing more than the foreign markets. One is the United States, one is Israel, and then there is Europe I and Japan. Therefore, , AVIC, , this kind of drone with long endurance is very has potential.
However, there are very few companies that do this. Basically, they all come from the traditional aviation industry. The traditional airline identity is scientific research institutes and some related military-industrial institutes. The technical barriers for them to do this are very high, just - Ordinary civilian companies basically can't do it.
now has several companies, one is the Aerospace Science and Technology Group, and the 10th Aerospace Institute is working on Rainbow; and the 3rd Aerospace Institute is equivalent to a newly established institute, which seems to only last two or three years. For companies like
, they are actually divided into the aviation department and the aerospace department. In the aerospace department, there are Aerospace Science and Industry, and Aerospace Science and Technology Group. Caihong did it earlier. One is its cost-effectiveness. You are doing this traditionally. What started things off is that the country’s positioning of this system determines its business development in this field, as well as its technological reserves and its foundation.
So the things made by the aviation system, which are pure aviation things, are definitely more stable. The 8 factors it considers are more from the perspective of the aircraft.
But a drone is a comprehensive payload platform or flight platform, which involves avionics systems, material processes, dynamics, and space engineering. I think there are actually several parts to this. Aerospace also has its advantages.
Just looking at the stability of this aircraft, I think the Pterosaur might have some advantages.
Rainbow used to be in , Saudi Arabia, , including some in the Middle East, which had a certain degree of competitiveness; I think its competitiveness may not have been particularly many companies promoting such products at that time, and its prices were sufficiently comparable. , so at that time his fame was established in all aspects.
But its advantages may only last for a few years. In the past two years, there has been a trend of switching to civilian use.
Rainbow Group is currently deployed more in civilian applications, but there are also more problems related to quality and some feedback from customers.
So in the past two years overseas, it may still be more dominated by Pterosaur.
Then there are two others, one is Tengdun, which is a civilian company. I have seen that this company has built several medium-endurance and long-endurance aircraft, and they have also launched a few in overseas markets. This company is considered a rising star.
Then the third hospital has also done some in the past two years, as well as the Seahawks.
In terms of the overall share in these two years, we still have to look at the proportion of national key procurement. Basically, only one company,
, is doing slightly better, and the others are just some competitors that have just entered, so basically the advantages of Pterosaur are still very obvious. Although some new companies have come in, in the short term, I think the aviation industry has There is still an absolute advantage.
4, Q: The demand for government procurement, security, and emergency surveying and mapping has been very strong in recent years.
is like some subdivided fields, such as Zongheng Co., Ltd., which is a fixed-wing vertical take-off and landing company, and Guandian Defense, , which is also engaged in anti-drug subdivisions. Can you give a rough introduction to these two companies?
9 Answer: Let me talk about the second one first. The second one belongs to a special field, called anti-drug monitoring or Qingsu monitoring. It is a new point in terms of functions and business.
But there is a problem in this. I don’t think it is a problem with the aircraft. It is with data and data algorithms. In fact, the application development in this area has not been solved yet. Is the demand for
that big?
Let me put a question mark first. The maturity of
technology depends on whether the interpretation algorithm can complete recognition or achieve accurate recognition, or complete an accurate search or accurate extraction of its entire process. In fact, many companies cannot achieve this at present. of.
I think that currently, most companies may just make it a pilot. Solve 0 to 1 first, and then have this function. As for whether its accuracy can be recognized, I think it has a process.
So for the accuracy of this data, it has very high requirements, especially the requirements for equipment mounted on thousands of aircraft and even the cost of technology platforms like Qingsuhua. High.
is that if you just use ordinary things to complete it, you may be able to cover the cost, but the things you make may be poor. But if you use high-cost and high-precision equipment and instruments, then the overall This cost is very high, and whether it can support the continuation of this project is a question mark.
I still have a wait-and-see attitude towards this matter.
must use algorithms for this. The
algorithm is called database analysis. It is the analysis of the data I collected. There is also another type called real-time analysis. For real-time analysis of
, we use this small microcomputer or single-chip microcomputer to embed it on the aircraft to do this algorithm; it is possible that few units have actually implemented it, because this is really implemented. The investment is relatively large, and ordinary companies may not do this easily.
Zongheng did not make vertical take-off and landing fixed-wing at first. It started with a project, that is, in this flight control system, they invested some energy, and then got some word-of-mouth reputation.
Many companies that make fixed-wing drones are looking for some alternative flight controllers in the market. At this time, there are actually very few domestic suppliers in the fixed-wing sector, and there are not many choices.
I think it was the era and time that pushed it forward at that point.
Because there was a lot of demand and a lot of industrial applications at that time, it was very expensive to buy off-the-shelf equipment. This was because at that time, you either purchased a lot of equipment hardware from outside or integrated and developed it yourself. Regardless of the difficulty, stability, security and price of
, in fact, many companies have problems all the time, so they would rather use something that is relatively safe and stable, even if it is more expensive, as long as the quality is good, then this time Many companies have begun to choose to use Zongheng.
Then the other one is Zongheng, which has chosen a better direction in industrial applications, and it continues to expand some new application directions. The larger the
10 flight platform is, the more complex the things you integrate on the flight platform will be, from power to materials to its computer, to its mounts, and to its entire hardware integration end. This integrated thing may be more complex, so the investment may be higher and the security requirements will be higher.
So in the past two years, I think Zongheng has actually encountered some problems in its development. I think it still has some competitors.
is not only a problem with its product, I think it also has a problem with the market being impacted.
But overall, after all, it specializes in vertical takeoff and landing fixed-wing, I think there is still no problem with this idea, but there must be some fluctuations due to the environment and market policies. The unit price of the drone mentioned by
should be from 100,000 to close to more than 1 million.
This kind of fixed-wing drone is not based on a single unit, it is based on a project. For a project, it basically has a customized price, its function, selection of materials and equipment Mounting these things directly determines its cost and its price.
5. Question: Who are Zongheng’s competitors?
Answer: Competitors, for example, in front-line applications, DJI is still a competitor; but in terms of fixed-wing applications, DJI is not its competitor, and Pegasus is more commonly used.
Because this thing is for the people you want to work on, whatever they are willing to use can truly reflect its actual value. The higher the cost-effectiveness of
, the more choices you have for small teams working outside, which actually represents their products, and there are many other machines that you can integrate and install by yourself.
6. Question: I heard that they have recently signed a lot of orders regarding power inspections. Do you think this is helpful?
Or has the matter been cleared up a long time ago?
11 Answer: Electricity inspection refers to the electric power system. I actually include electric power in energy. In terms of electric power, it is included in the entire energy system.
In fact, strictly speaking, it is relatively rich. They were very early in using this kind of equipment. Ewatt was the first to do it and formed a large scale in the field of electricity.
Electricity is very mature, but the entire market is a bit chaotic. There are too many participants, and there are also more subcontractors. The entire industry has not formed a relatively benign approach, but is a bit involuntarily integrated into and . serious. Compared with other energy applications, the
power grid is very mature. Its inspection mode, inspection method, price, and this kind of route have not yet been built, but it has been built, passed, and tested. He has to inspect it every time. In fact, its demand is very fixed.
means that after you finish everything, you still have to inspect it. From under construction to after construction, to normal operation, it has such a normal state, which is a hard requirement.
I think the power grid has a grid side and a power generation side. Each side has demand, but the grid side of the power grid is the most mature, and the market in this area is very mature.
So if there is new business growth, in this case, I think it may not be on the power grid side, because the business cooperation model on the power grid side has actually already established this chain. In the short term, you have to rob others. Of cakes, creating something new is a little difficult.
7, Q: In the past year or two, the probability of drones used by in the Middle East and being shot down seems to be increasing. Then another one is the Russia-Ukraine war, where a large number of drones were also shot down.
Will this cause some obstacles to the development and application of this kind of drone, such as overseas procurement needs? And then there is another question: Will this kind of military drone in the future be as reliable as it is now? , or will it become a low-cost strike solution?
answer: The first question is the strategic strike you mentioned, which may have been reflected in the war we encountered.
But when something like this happens, it actually represents the attention of public opinion in the world, or there are some waves of public opinion in this industry. I think it is a way to educate the market. When
comes out, it will cause other countries or countries that have this demand but not the production capacity, then their demand may be stimulated in the opposite direction. I personally think it is actually a kind of Education may be a means of educating the market. I think it is a positive thing, that is, it will not affect the entire market. On the contrary, it may pay more attention.
Then the second question, I think it is like this.
Think of it as a sort of systems war flying platform.
can be big or small, and it can also be low-cost. The effect of low-cost is different from that of high-cost. The functionality and needs of
are different and cannot be generalized. That is to say, it must be low-cost and consumable. We call it consumable products or consumable system platforms or consumable functions. There is another kind of sustainability of
. The cost may be higher. I think this will not all turn into low cost. That is, with the quantitative production, its price will drop, but the global competition will The pattern will not change easily. There are still only a few countries that can study this thing.
Therefore, these countries directly determine the overall market performance. It cannot be reduced too much, but the cost it reduces is only partially reduced, but in the end it is reduced to a certain extent. A balance will be formed.
8, Q: Because the cost of the high-altitude and long-endurance integrated surveillance and attack aircraft we see now is still relatively high, will the demand for such high-altitude and long-endurance aircraft be relatively increased in the future? The growth rate is not that fast, or it is relatively shrinking, but with this low-cost attack plan, will the growth rate be faster, or the market space will be larger?
answer: You said this is possible.
I think in the short term, if its countermeasure capabilities or its flight platform have not yet reached that level, it is possible 13 that is, for some third or fourth world countries, they may I am willing to use some of these readily available low-cost ones to do a part of it, but it has many functions that it cannot do. I think
is large, medium, small, and micro. Its function, positioning load capacity, and load equipment are all very different. I think it is irreplaceable. Each has its own advantages, each has its own capabilities, and each has its own functions. I don’t think
will turn to this low-cost, but the low-cost may increase in a certain period of time, when it has a product that it has not iterated on, but it does not mean that it is permanent, because I think it will have different positioning in different types of categories over time.
9. Question: How important is this kind of flight control system for military drones in the future? In your opinion, the difference in capabilities or products between different manufacturers is very big. Or is it actually not particularly obvious.
And then there are the Air Force, Army and Navy that we see now. Their selections are all different.
In the future, due to differences in usage environments and flight control systems, for example, will military drones be divided and governed according to different military services, or will this be gradually integrated in the future?
Answer: I think most people currently use open source flight control. Except for DJI and consumer products, other industrial products are basically modified based on open source.
is basically a closed system when it comes to military use. There are very few companies that can make units like this for large machines, but can actually make this kind of underlying flight control system.
is generally a traditional aerospace agency, not an aviation agency, it has the ability to do it. As for which department purchases and adopts
, I think this actually has no special impact on its actual functions or its actual stability, including the stability of its underlying control system. 14 big.
10, Q: And what I just mentioned is that in the future, different military services will have different suppliers, or will it be a large and comprehensive leading manufacturer?
answer: There may be competition from this supplier. This depends on the country’s overall positioning and deployment in this area.
Because I think this cake is not simply divided by a market economy, I think it is the result of a decision-making by the upper level.
means that the upper management hopes that we will trade. For example, I am in different sectors. I think the division of the market has certain triggers and requirements, or a strategic deployment orientation, that is, I deploy you. You do aviation, you do aviation, you do aerospace, whichever business you do, you do that.
I don’t think we can simply use the market economy thinking to look at this problem. I think there will definitely be competition in the future, but this competition only remains on the surface. At a deeper level, it is still a strategic deployment, or It's called strategic positioning.
11. Question: Will drones have the largest market space or demand in the future? What will be more urgent in the future is products like this kind of mid-range wingman? Will this type of product still be the mainstay of aviation in the future? Factory, will they have a comparative advantage, rather than being made by these companies that are currently making drones?
Answer: The answer is definitely yes.
Ordinary civilian companies do not have this technology, cannot do it, and the confidentiality cannot be achieved. This is actually a bit similar to the question I just asked above, that is, this thing is strategic. The technical difference between
and the basic integration level of this technology is very large, and ordinary companies cannot do it.
1512. Question: In the aerospace department, there aren’t many possibilities in this regard?
Answer: I think the aerospace department may have some competition with aviation, because they all belong to similar systems, and each has its own advantages, strategic significance and deployment.
But in the end, everyone has the ability to develop this thing and produce this thing. But fundamentally speaking, I think what the aviation system makes, its maturity and the positioning of its product are Already have it.
But in the aerospace department, what it has to do may be more different.
But now you have the Third, Ninth, Eleventh, and CATIC, each of which has its own advantages and starting point.
But if you look at it from a product perspective, I think there is no comparability between them.
Because if we just look at the market, channels, product functions, flight platform stability, suppliers, and their needs, I think the differences are quite big. Although they are in the same system, although they provide similar products, but I think it may really become a highlight in the future. I think there should be some new things made at different levels, different functions, or at different levels.
The more you divide
into finer details, then if it creates something within a certain segmentation level, then it may be unique, and then it will be competitive in the market and have a competitive advantage. .
If the same type of products is still made according to the current system, if everyone is doing long-endurance or everyone is working on the same type of machine or in the same position, there will not be much competitive advantage, and there will be no such iteration motivation.
So I think from a competitive perspective, the aerospace system will have a certain impact on aviation, but I don’t think the impact is particularly big in the short term.
13, Q: In terms of machine materials for drones, they are a proportion of materials such as aluminum alloy, carbon fiber, glass fiber, etc., and especially for general applications, the proportion of carbon fiber, and then in the The supplier that may have a comparative advantage in the field of human-machine carbon fiber.
16 answered: If it is a large machine, then it may use internal structures and some aluminum materials. For example, Zhongwang Group originally specialized in this. I think they may have aluminum aviation materials. For some opportunities, if it is for small industrial applications, most of them currently use aluminum or steel. There will be more use of composite materials and carbon fiber. Then there are too many manufacturers of this kind. Basically, no matter what Agents like those in Japan and New Zealand are doing better.
is basically like a small airplane, which basically uses more carbon fiber and more composite materials, so it is relatively cheaper.
14, Jian: What I mentioned just now is in the area of logistics, and I just want to ask you a question. I saw the news a while ago about the first flight of a TPS OO unmanned transport aircraft. I just want to ask - what is the status of this unmanned transport aircraft of yours?
answer: TPS OO seems to have been reported recently, but in fact, there have been various types of this kind of conversion for a long time or similar companies have actually done it, that is, it can be made possible. The qualifications have not been obtained, but in fact it is not the same company.
15. Question: In China, as for civilian drones, there are many market participants. So you just mentioned something about how you view the competitive landscape. In the future, will there be one price for the entire market? It's quite powerful, and then the profit margin will also go down.
Answer: I think overall in this environment, it should still be an incremental process. I think it is just a slowdown in growth, which may be affected by the epidemic or other factors.
But I think the impact is on enterprises. Enterprises are now developing in many aspects, whether it is data, hardware, terminal applications, or engineering services. In fact, they
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