Earlier quoted context omitted.
This isn't really true. Western drone companies haven't bothered competing in the consumer space, but they have made lots of advancement in the non-consumer space, where, arguably, the profits are better. Why try to compete with DJI for mail order drones going to kids when you can get a multi-million dollar contract with the Pentagon?
That didn't use to be true. There was once several Western consumer drone companies (3D Robotics, Parrot, GoPro, Intel, etc.) as recently as the mid-2010s. They gave up on the consumer space because DJI just totally ate their lunch, releasing better, cheaper drones year after year. I still remember how in any given year, the annual DJI drone releases would be smaller, cheaper, better, and fly longer than the other co…
Anyways, DJI seems to just publish its revenue ($3.83b in 2021) but is it actually making money (profit, not revenue)? I'm not finding anything on Google. If they are selling each drone at a loss and just burning through VC still, that could be a huge problem.