UAV market key for Taiwan: expertsGO GLOBAL: There is not enough domestic demand for drone manufacturers, but there is an opportunity for companies to cater to nations that have decoupled from ChinaBy Lin Yi-chang and Jonathan Chin / Staff reporter, with staff writerTaiwan must tap into the global uncrewed aerial vehicle (UAV) market to obtain the capital necessary to develop a self-sufficient combat drone industry, experts said. The administration aims to make Taiwan “the Asian hub of UAV supply chains for global democracies,” he said in his inaugural address on May 20. The operational costs of automated equipment capable of mass-producing reliable, quality components at scale cannot be funded by the domestic market alone, he added. Taiwan Swarm Innovation Inc (臺灣希望創新) CEO Li Chih-ching (李志清) said Washington is looking for allies to replace China in drone supply chains. Expanding into the global market would enable domestic UAV makers to benefit from the economy of scale and lower their prices to competitive levels, Li said.

Source: Taipei Times August 03, 2024 21:42 UTC