Long Range Drone Trends and Forecast
The future of the global long range drone market looks promising with opportunities in the civil and military markets. The global long range drone market is expected to reach an estimated $17.6 billion by 2030 with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are growing need for high-quality aerial data and rising adoption of these drones in various industries, such as oil and gas, mining, and telecommunications.
• Lucintel forecasts that 2.4 ghz is expected to witness the higher growth over the forecast period.
• Within this market, civil is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: In the United States, the long-range drone market is witnessing significant advancements, primarily driven by both military and commercial applications. The U.S. Air Force recently awarded a $49 million contract for long-endurance drones to enhance their reconnaissance and surveillance capabilities, highlighting the strategic importance of these drones in defense operations (The Defense Post). Additionally, commercial players like Skydio are expanding their offerings, focusing on infrastructure inspections and improving operational efficiency through partnerships and technological innovations.
India: India is rapidly advancing in the long-range drone market, driven by government initiatives and private sector contributions. The Indian government has launched several initiatives to integrate drones into various sectors, including agriculture, surveillance, and delivery services. Companies like ideaForge are leading the way, providing long-range drones for defense and homeland security. These drones are designed to support extensive surveillance missions and are being integrated into the national defense strategy to enhance border security and monitoring capabilities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Long Range Drone by Segment
The study includes a forecast for the global long range drone by type, application, and region.
Long Range Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 2.4 ghz
• 5.8 ghz
• Others
Long Range Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Civil
• Military
• Others
Long Range Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Long Range 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 long range drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the long range drone companies profiled in this report include-
• Aerovironment
• Cybaero
• Parrot
• Israel Aerospace Industries
• Airbus
• Microdrones
• Boeing
Recent Development in the Long Range Drone Market
1. SZ DJI Technology Co., Ltd.: DJI continues to dominate the global drone market, with its recent focus on enhancing long-range capabilities. In 2023, DJI introduced the Matrice 300 RTK, a drone designed for industrial applications with an impressive transmission range of up to 15 kilometers, setting a new standard in the industry for operational range and reliability.
2. Parrot Drones S.A.S.: Parrot has been making significant strides with the Anafi USA drone, which combines a robust design with an exceptional 32x zoom camera and a flight time of up to 32 minutes. This drone is specifically targeted at professionals needing reliable long-range capabilities for tasks such as search and rescue, inspection, and surveying.
3. PrecisionHawk, Inc.: PrecisionHawk has merged with European geospatial company Field to enhance their long-range drone solutions. This collaboration aims to provide advanced geospatial data analysis for sectors like energy and infrastructure, leveraging long-range drones for comprehensive data collection and monitoring.
4. AeroVironment, Inc.: AeroVironment has launched the Puma 3 AE, a fixed-wing drone with a range of over 20 kilometers. This development is particularly aimed at military and commercial applications where long-range reconnaissance and data collection are crucial. The drone also features enhanced GPS navigation and rugged design for extended field operations
Features of the Global Long Range Drone Market
Market Size Estimates: Long range 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: Long range drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Long range 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 long range drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the long range drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the long range drone market size?
Answer: The global long range drone market is expected to reach an estimated $17.6 billion by 2030.
Q2. What is the growth forecast for long range drone market?
Answer: The global long range drone market is expected to grow with a CAGR of 15.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the long range drone market?
Answer: The major drivers for this market are growing need for high-quality aerial data and rising adoption of these drones in various industries, such as oil and gas, mining, and telecommunications.
Q4. What are the major segments for long range drone market?
Answer: The future of the long range drone market looks promising with opportunities in the civil and military markets.
Q5. Who are the key long range drone market companies?
Answer: Some of the key long range drone companies are as follows:
• Aerovironment
• Cybaero
• Parrot
• Israel Aerospace Industries
• Airbus
• Microdrones
• Boeing
Q6. Which long range drone market segment will be the largest in future?
Answer: Lucintel forecasts that 2.4 ghz is expected to witness the higher growth over the forecast period.
Q7. In long range 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.
Q8. 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 long range drone market by type (2.4 ghz, 5.8 ghz, and others), application (civil, 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?
For any questions related to Long Range Drone Market, Long Range Drone Market Size, Long Range Drone Market Growth, Long Range Drone Market Analysis, Long Range Drone Market Report, Long Range Drone Market Share, Long Range Drone Market Trends, Long Range Drone Market Forecast, Long Range Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.