Autonomous BVLOS Drone Trends and Forecast
The future of the global autonomous BVLOS drone market looks promising with opportunities in the commercial, government, and military markets. The global autonomous BVLOS drone market is expected to grow with a CAGR of 20.3% from 2024 to 2030. The major drivers for this market are increasing demand for efficient logistics and delivery services and rising application of this technology in agriculture, surveillance, & disaster management.
• Lucintel forecasts that single rotor is expected to witness the higher growth over the forecast period.
• Within this market, commercial is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States (US): In April 2024, the Federal Aviation Administration (FAA) announced a new program to streamline BVLOS drone authorization for specific low-risk operations. This move aims to encourage wider adoption by companies like AlphabetÄX%$%Xs Wing for delivery services.
China: DJI, a leading drone manufacturer in China, unveiled its latest autonomous BVLOS drone model in May 2024. This long-range drone boasts advanced obstacle avoidance and communication technologies, targeting applications in infrastructure inspection and agriculture.
South Korea: The South Korean government set a target of having 1,000 autonomous BVLOS drones operating commercially by 2025. This initiative includes funding research and development for drone traffic management systems to ensure safe integration into airspace.
European Union (EU): The European Union Aviation Safety Agency (EASA) released revised regulations for BVLOS drone operations in March 2024. These regulations aim to standardize practices across member states and facilitate cross-border BVLOS missions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Autonomous BVLOS Drone by Segment
The study includes a forecast for the global autonomous BVLOS drone by type, application, and region.
Autonomous BVLOS Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Single Rotor
• Multi Rotor
Autonomous BVLOS Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Government
• Military
• Others
Autonomous BVLOS Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Autonomous BVLOS 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 autonomous BVLOS drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the autonomous BVLOS drone companies profiled in this report include-
• AeroVironment
• Airbus S.A.S.
• BAE Systems
• Elbit Systems
• Flytrex Aviation
• General Atomics Aeronautical Systems
• Insitu
Recent Development in the Autonomous BVLOS Drone Market
EHang (China): Announced plans to establish a passenger drone service in the United States, targeting urban air mobility applications. This initiative signifies a push towards larger-scale passenger drone adoption.
DJI (China): Launched the Matrice 300 RTK, a long-range BVLOS drone with advanced obstacle detection and flight planning features. This release highlights the focus on improving safety and efficiency for industrial applications.
AlphabetÄX%$%Xs Wing (US): Partnered with FedEx to trial drone delivery services in select regions. This collaboration demonstrates real-world implementation of BVLOS drones for commercial deliveries, seeking wider FAA approval.
Airbus (Europe): Unveiled its new long-range Zephyr S BVLOS drone designed for persistent surveillance and communication missions. This development expands the utility of BVLOS drones beyond traditional applications
Features of the Global Autonomous BVLOS Drone Market
Market Size Estimates: Autonomous BVLOS drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Autonomous BVLOS drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Autonomous BVLOS 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 autonomous BVLOS drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the autonomous BVLOS drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for autonomous BVLOS drone market?
Answer: The global autonomous BVLOS drone market is expected to grow with a CAGR of 20.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the autonomous BVLOS drone market?
Answer: The major drivers for this market are increasing demand for efficient logistics and delivery services and rising application of this technology in agriculture, surveillance, & disaster management.
Q3. What are the major segments for autonomous BVLOS drone market?
Answer: The future of the autonomous BVLOS drone market looks promising with opportunities in the commercial, government, and military markets.
Q4. Who are the key autonomous BVLOS drone market companies?
Answer: Some of the key autonomous BVLOS drone companies are as follows:
• AeroVironment
• Airbus S.A.S.
• BAE Systems
• Elbit Systems
• Flytrex Aviation
• General Atomics Aeronautical Systems
• Insitu
Q5. Which autonomous BVLOS drone market segment will be the largest in future?
Answer: Lucintel forecasts that single rotor is expected to witness the higher growth over the forecast period.
Q6. In autonomous BVLOS drone market, which region is expected to be the largest in next 5 years?
Answer: APAC 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 autonomous BVLOS drone market by type (single rotor and multi rotor), application (commercial, government, military, 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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