Status : Published | Published On : Jul, 2024 | Report Code : VRICT5183 | Industry : ICT & Media | Available Format : | Page : 205 |
The Global Autonomous BVLOS Drone Market is anticipated to grow at a CAGR of 20.5% from USD 1.2 billion in 2023 to USD 3.7 billion in 2030 during the forecast period from 2025 to 2030.
Beyond Visual Line of Sight (BVLOS) drones refer to unmanned aerial vehicles capable of operating beyond the operator's visual line of sight. These drones are equipped with advanced sensors, communication systems, and autonomous capabilities, allowing them to fly at extended distances & heights. They offer increased efficiency, cost savings, and safety enhancements, making them preferred for applications, such as infrastructure inspection, environmental monitoring precision agriculture, search & rescue, etc. These drones prove to be highly beneficial in capturing detailed data to boost yields, optimize crop management and minimize resource wastage. Furthermore, the usage of these drones in the energy sector for applications such as energy & utility inspection has further boosted the demand for Autonomous BVLOS Drones, driving the market growth.
Market Segmentation
Insight by Type
On the basis of type, the global Autonomous BVLOS Drone market is segregated into small, mid and large UAV.s. Small UAVs are expected to dominate the Global BVLOS Market as they are becoming indispensable tools in different application industries particularly in the agriculture field, where it is employed for crop monitoring, pest control and yield optimization. The growing demand for small UAVs is driving innovation in the industry with companies investing in advanced technologies, including enhanced cameras, longer flight times and obstacle avoidance systems which fuel the market growth.
Insight by Product Type
Based on product type, the Global Autonomous BVLOS Drone Market is segregated into Fixed Wing Drone, Rotor Drones, Single Rotor Drones and Multirotor Drones and Hybrid Drones.
Insight by End-User
Based on end-user, the Global Autonomous BVLOS Drone Market is segmented into Agriculture and Agribusiness, Energy and Utilities, Construction and Engineering, Mining, Logistics and Transportation, Government and Military, Media and Entertainment and Others. The Government & Military segment dominates the market as autonomous BVLOS drones are experiencing strong demand from government & military industries owing to the unparalleled capabilities offered for , reconnaissance, surveillance and mission-critical operations making them essential for defense and security applications.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 1.2 Billion |
Revenue Forecast in 2030 |
U.S.D. 3.7 Billion |
Growth Rate |
20.5% |
Segments Covered in the Report |
By Type, By Product Type, By End-User |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, South America and Middle East and Africa |
Industry Dynamics
Growth Drivers
The increasing integration of advanced technologies like artificial intelligence & machine learning into Autonomous BVLOS Drones to develop their autonomous capabilities has boosted the market’s attractiveness. The strategic development activities by major industry players such as Altavian, Parrot, Wingtra etc., are also boosting the expansion of the global market during the forecast period. The significant advancements in remote sensing & ADS-B transponder technologies is also responsible for the growth of this market. These technological innovations have become essential in enhancing operational capabilities as industries increasingly recognize the potential of Autonomous BVLOS Drones in various applications, including surveillance, monitoring, delivery, etc. Autonomous BVLOS Drones capture precise data over extensive areas which is enabled by remote sensing technology, equipped with high-resolution cameras & advanced sensors, which makes them indispensable tools in sectors like environmental monitoring, agriculture and infrastructure inspection. This capability not only improves efficiency but also reduces operational costs, driving the adoption of Autonomous BVLOS Drones across various industries.
Restraints
The Autonomous BVLOS Drones Market is facing limitation in the form of increasingly stringent government regulations. These regulations have imposed strict compliance requirements on operators to ensure the safe integration of Autonomous BVLOS Drones into national airspace. For example, European Aviation Authorities under the framework of EASA (European Union Aviation Safety Agency), have introduced stringent rules & certification requirements that demand a high level of investment and expertise from drone operators. This regulatory background has led to delays in BVLOS drone deployments and increased compliance costs, that avoids market expansion and, in turn, hinder the market’s growth.
Geographic Overview
North America dominates the Beyond Visual Line of Sight (BVLOS) Drone Market, which is driven by several current industry trends and strategic developments. One of the key factor contributing to this prominence is the rapid expansion of BVLOS drone applications across various sectors within the region. Industries such as agriculture, energy, and infrastructure inspection are increasingly relying on Autonomous BVLOS Drones for enhanced efficiency and data collection.
Competitive Insights
The key players in the market are focusing on the development of the advanced autonomous BVLOS market with advanced capabilities to further improve its beyond-line-of-sight capabilities. Growing expenditure on research and development towards manufacturing advanced autonomous BVLOS drone systems for both the military and commercial sectors will lead to creating better opportunities soon.
AeroVironment, Inc. is an American defense contractor headquartered in Arlington, Virginia, that designs and manufactures unmanned aerial vehicles.
Airbus SE is an European multinational aerospace corporation. The company’s primary business is the design and manufacturing of commercial aircraft but it also has separate defence and space and helicopter divisions.
Key Players Covered in the Report
The key players of Global Autonomous BVLOS Drone Market are Airbus, AeroVironment, Inc., Elbit Systems Ltd., The Boeing Company, Northrop Grumman Corporation, BAE Systems, General Atomics, Insitu, Inc., Israel Aerospace Industries Ltd., Saab AB, Textron Systems and Skydio, Inc.
Recent developments by Key Players
AeroVironment (AV) has introduced its Autonomy Retrofit Kit (ARK) and AVACORE software that demonstrates the company’s commitment to advancing autonomy and machine learning capabilities to increase effectiveness of autonomous systems and reduce operator burdens. ARK and AVACORE bring AV’s accelerated autonomy to fielded assets such as Puma 3 AE and Puma LE in addition to future autonomous systems.
Elbit (Israel) demonstrates man-machine Legion-X which is an autonomous networked combat solution based on robotic platforms and heterogeneous swarms.
The Global Autonomous BVLOS Drone Market report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
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Autonomous BVLOS Drone Market