Beyond Visual Line of Sight Drone Trends and Forecast
The future of the global beyond visual line of sight drone market looks promising with opportunities in the aerial survey, search & rescue, and monitor markets. The global beyond visual line of sight drone market is expected to grow with a CAGR of 20.1% from 2024 to 2030. The major drivers for this market are growing applications in infrastructure inspection and disaster management, increased demand for long-range surveillance and delivery services, and technological innovations enhancing safety and reliability.
• Lucintel forecasts that software is expected to witness the higher growth over the forecast period.
• Within this market, aerial survey is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: The Federal Aviation Administration (FAA) has been updating regulations to facilitate BVLOS operations. Companies like Amazon and Google Wing have been expanding their BVLOS delivery trials. In 2023, Amazon announced plans to extend its Prime Air drone delivery service to more locations, aiming for broader commercial rollout by 2024.
United Kingdom: The UK Civil Aviation Authority (CAA) has been actively supporting BVLOS testing. BT Group and Skyports are collaborating on creating drone corridors to enable safe BVLOS flights. The UK government’s Future Flight Challenge has also been a significant enabler, providing funding for innovative drone projects.
China: The Civil Aviation Administration of China (CAAC) has granted more BVLOS operational permissions. DJI, a leading drone manufacturer, has been pushing for BVLOS capabilities in industrial applications, partnering with various logistics and agricultural firms to enhance their services.
Australia: The Civil Aviation Safety Authority (CASA) has been streamlining BVLOS approval processes. Swoop Aero has announced ambitious plans to establish a network of drone delivery routes across remote regions, aiming for substantial expansion by 2025.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Beyond Visual Line of Sight Drone by Segment
The study includes a forecast for the global beyond visual line of sight drone by type, application, and region.
Beyond Visual Line of Sight Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Software
• Solutions
Beyond Visual Line of Sight Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Aerial Survey
• Search & Rescue
• Monitor
• Others
Beyond Visual Line of Sight Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Beyond Visual Line of Sight 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 beyond visual line of sight drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the beyond visual line of sight drone companies profiled in this report include-
• Asylon
• Draganfly
• Honeywell
• PrecisionHawk
• Rocketmine
• Unmanned Systems Technology
• Uavionix
Recent Development in the Beyond Visual Line of Sight Drone Market
Amazon: Launched "Prime Air" initiative, aiming for drone delivery beyond visual line of sight (BVLOS), partnering with aviation regulators to test and implement the technology.
UPS: Introduced Flight Forward, a subsidiary focusing on drone delivery, conducting BVLOS test flights for medical supply deliveries in collaboration with drone technology companies.
Alphabet (Google): Wing, a subsidiary of Alphabet, received FAA approval for BVLOS drone delivery, expanding its drone delivery services for various products.
Walmart: Explored BVLOS drone delivery solutions for last-mile delivery, partnering with drone technology companies and regulatory bodies for testing and implementation.
DHL: Collaborated with drone technology companies to develop BVLOS delivery solutions, aiming to enhance its logistics operations and efficiency in urban areas.
Features of the Global Beyond Visual Line of Sight Drone Market
Market Size Estimates: Beyond visual line of sight drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Beyond visual line of sight drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Beyond visual line of sight 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 beyond visual line of sight drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the beyond visual line of sight drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for beyond visual line of sight drone market?
Answer: The global beyond visual line of sight drone market is expected to grow with a CAGR of 20.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the beyond visual line of sight drone market?
Answer: The major drivers for this market are growing applications in infrastructure inspection and disaster management, increased demand for long-range surveillance and delivery services and technological innovations enhancing safety and reliability.
Q3. What are the major segments for beyond visual line of sight drone market?
Answer: The future of the beyond visual line of sight drone market looks promising with opportunities in the aerial survey, search & rescue, and monitor markets.
Q4. Who are the key beyond visual line of sight drone market companies?
Answer: Some of the key beyond visual line of sight drone companies are as follows:
• Asylon
• Draganfly
• Honeywell
• PrecisionHawk
• Rocketmine
• Unmanned Systems Technology
• Uavionix
Q5. Which beyond visual line of sight drone market segment will be the largest in future?
Answer: Lucintel forecasts that software is expected to witness the higher growth over the forecast period.
Q6. In beyond visual line of sight 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 beyond visual line of sight drone market by type (software and solutions), application (aerial survey, search & rescue, monitor, 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?
For any questions related to Beyond Visual Line of Sight Drone Market, Beyond Visual Line of Sight Drone Market Size, Beyond Visual Line of Sight Drone Market Growth, Beyond Visual Line of Sight Drone Market Analysis, Beyond Visual Line of Sight Drone Market Report, Beyond Visual Line of Sight Drone Market Share, Beyond Visual Line of Sight Drone Market Trends, Beyond Visual Line of Sight Drone Market Forecast, Beyond Visual Line of Sight Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.