Subtitles section Play video Print subtitles Taiwan's military has announced plans to invest nearly 7 billion NT dollars in drones to boost the nation's asymmetrical combat capabilities. Despite many local manufacturers securing bids, they face significant challenges competing against larger, cheaper foreign products. In terms of current domestic demand, most is for small-scale commercial use, such as mapping and field surveys. The biggest demand is for military use. If regulations can't be adjusted or restrictions can't be lifted, demand for commercial use will remain relatively low. With a limited domestic market, local drone manufacturers are innovating new models and components to expand. They face hurdles in meeting cost-performance expectations compared to Chinese brands. Moreover, the U.S.-Taiwan Industry Alliance could challenge local manufacturers, as the nation's drones risk becoming obsolete if they cannot match the precision of U.S. products. They must understand their market position and the future of the market. They have to decide which types or functions of drones they want to develop. Only then will there be a market, and only then will there be a future. Experts suggest that the Taiwanese government must balance policy protection with market mechanisms. Taiwan's drone teams must plan their market positioning and development strategy to succeed on the international stage.
B1 UK taiwan market drone demand domestic local Domestic demand and regulations stifle Taiwan's drone growth 10 0 斗宅斗宅 posted on 2024/11/18 More Share Save Report Video vocabulary