5G Drone Trends and Forecast
The future of the global 5G drone market looks promising with opportunities in the engineering technology and digital information markets. The global 5G drone market is expected to grow with a CAGR of 13.2% from 2024 to 2030. The major drivers for this market are increasing demand for high-speed data transmission and growing applications in industries such as agriculture, infrastructure, and public safety.
• Lucintel forecasts that heavy drone is expected to witness the higher growth over the forecast period.
• Within this market, engineering technology is expected to witness the higher growth.
• North America is expected to witness highest growth over the forecast period.
United States: Companies like Verizon and AT&T are leading initiatives in the 5G drone market. Recent announcements include collaborations with drone manufacturers to develop 5G-enabled drone platforms for various applications such as aerial photography, surveillance, and delivery services. Targets set by companies include improving drone connectivity, data transmission, and control capabilities through 5G technology. The U.S. government supports the integration of 5G technology into drone systems through funding programs and regulatory frameworks to promote innovation and competitiveness in the drone industry.
India: Indian companies like TechEagle Innovations and IdeaForge are exploring opportunities in the 5G drone market. Recent initiatives include research and development projects to integrate 5G connectivity into drone systems for applications such as agricultural monitoring, disaster management, and infrastructure inspection. Targets set by companies include enhancing drone performance and operational efficiency through 5G technology. The Indian government aims to promote the adoption of 5G-enabled drones for various civil and defense applications through policy reforms and investment incentives.
China: Chinese companies like DJI and Huawei are at the forefront of the 5G drone market. Recent announcements include partnerships with telecom companies to test 5G-enabled drone applications in sectors such as construction, public safety, and urban planning. Targets set by companies include expanding the use of 5G-enabled drones for commercial and industrial applications. The Chinese government supports the development of 5G drone technology through funding programs and regulatory support to promote innovation and economic growth in the drone industry.
Germany: German companies like Fraunhofer Institute and DLR are collaborating on research projects to explore the integration of 5G technology into drone systems. Recent initiatives include testing 5G-enabled drones for applications such as environmental monitoring, precision agriculture, and search and rescue operations. Targets set by companies include enhancing drone capabilities and efficiency through 5G connectivity. The German government supports research and development efforts in the 5G drone market through funding programs and partnerships with industry stakeholders.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
5G Drone by Segment
The study includes a forecast for the global 5G drone by type, application, and region.
5G Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Heavy Drone
• Light Drone
5G Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Engineering Technology
• Digital Information
• Others
5G Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of 5G Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G drone companies profiled in this report include-
• Qualcomm Flight
• Verizon
• AT&T
• T-Mobile
• Uber Eats
• Amazon
• UPS
Recent Development in the 5G Drone Market
DJI: DJI, a leading manufacturer of consumer and professional drones, has been actively exploring the integration of 5G technology into its drone systems. The companyÄX%$%Xs initiative involves developing drones equipped with 5G connectivity to enable real-time high-definition video streaming, remote piloting, and enhanced data transmission capabilities. DJIÄX%$%Xs recent announcement of partnerships with telecom companies to test 5G-enabled drone applications in various sectors such as agriculture, construction, and public safety demonstrates its commitment to advancing the capabilities of drone technology through 5G integration.
Verizon: Verizon, a major telecommunications company, is at the forefront of leveraging 5G technology for drone applications. The companyÄX%$%Xs initiative includes the development of a 5G drone platform that provides low-latency, high-bandwidth connectivity for drones in flight. VerizonÄX%$%Xs recent collaboration with drone manufacturers and service providers to demonstrate 5G-enabled drone use cases, such as aerial inspections, surveillance, and delivery services, highlights its efforts to unlock the full potential of 5G for the drone industry.
Qualcomm: Qualcomm, a leading semiconductor company, is actively involved in developing 5G technology solutions for drones. The companyÄX%$%Xs initiative focuses on integrating its 5G modem and chipset technologies into drone platforms to enable advanced communication and data processing capabilities. QualcommÄX%$%Xs recent announcement of partnerships with drone manufacturers to incorporate its Snapdragon drone platforms with 5G connectivity underscores its commitment to driving innovation in the 5G drone market and facilitating the development of next-generation drone applications.
Huawei: Huawei, a global provider of telecommunications equipment and consumer electronics, is exploring the integration of 5G technology into its drone systems. The companyÄX%$%Xs initiative involves the development of drones equipped with HuaweiÄX%$%Xs 5G modules and networking solutions to enable high-speed data transmission, low-latency communication, and remote control capabilities. HuaweiÄX%$%Xs recent collaboration with industry partners to test 5G-enabled drone applications in sectors such as aerial photography, infrastructure inspection, and disaster response reflects its efforts to harness the power of 5G for transformative drone operations.
AT&T: AT&T, a leading telecommunications company, is investing in the development of 5G drone solutions to support various commercial and industrial applications. The companyÄX%$%Xs initiative includes the deployment of 5G drone command and control systems, enabling seamless connectivity and communication between drones and ground control stations. AT&TÄX%$%Xs recent partnerships with drone manufacturers and technology providers to pilot 5G-enabled drone services, such as aerial mapping, asset monitoring, and emergency response, highlight its commitment to driving innovation and efficiency in the 5G drone market.
Features of the Global 5G Drone Market
Market Size Estimates: 5G drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: 5G drone market size by type, application, and region in terms of value ($B).
Regional Analysis: 5G drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the 5G drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for 5G drone market?
Answer: The global 5G drone market is expected to grow with a CAGR of 13.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the 5G drone market?
Answer: The major drivers for this market are increasing demand for high-speed data transmission and growing applications in industries such as agriculture, infrastructure, and public safety.
Q3. What are the major segments for 5G drone market?
Answer: The future of the 5G drone market looks promising with opportunities in the engineering technology and digital information markets.
Q4. Who are the key 5G drone market companies?
Answer: Some of the key 5G drone companies are as follows:
• Qualcomm Flight
• Verizon
• AT&T
• T-Mobile
• Uber Eats
• Amazon
• UPS
Q5. Which 5G drone market segment will be the largest in future?
Answer: Lucintel forecasts that heavy drone is expected to witness the higher growth over the forecast period.
Q6. In 5G drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the 5G drone market by type (heavy drone and light drone), application (engineering technology, digital information, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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