(Yicai Global) Sept. 28 -- SZ DJI Technology Co. [SZ:002168], a Chinese drone manufacturer, is locked in fierce competition with US action-camera producer GoPro, Inc. One week after GoPro launched its Karma consumer drone, SZ DJI Technology put out a competing product.
On Sept. 28, SZ DJI Technology launched its first mini drone -- the Mavic Pro -- in New York, USA at a price of USD975 (CNY6,499). This folding drone is operable by smartphone or remote control, and can sustain flight times of up to 27 minutes.
Consumer drones are a fast growing global market. US market research company Grand View Research, Inc. predicts the size of the consumer drone market will reach USD4.19 billion in 2024.
SZ DJI Technology Co. was founded in 2006. It is a leading developer and manufacturer of drone flight control systems and drone solutions.