The market for unmanned aerial vehicles (UAVs) has continued to expand, triggering demand for upstream parts and components, according to Digitimes Research.
A number of US-based companies, including Amazon, Google, Facebook and GoPro all have announced their respectively UAV development plans.
Google beat Facebook to take up the solar UAV maker Titan Aerospace in April 2014 and then Google X lab's Project Wing was made public in August in the year.
China-based express delivery company SF Express has begun trial operations of delivering cargos by UAVs , while DHL has started delivering goods by UAVs in remote islands in Germany since September 2014. Meanwhile, Amazon plans to begin trial delivery by UAVs in 2015.
While the increasing popularity of the UAV systems may stir up demand for related parts and components, concerns over aviation security have prompted a number of governments to impose restrictions on operations of UAVs, which in turn may impede the development of the UAV market, commented Digitimes Research.
