Tethered Drone Trends and Forecast
The future of the global tethered drone market looks promising with opportunities in the defense and telecommunication markets. The global tethered drone market is expected to grow with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increased demand for persistent surveillance and monitoring capabilities, advancements in tethering technology enhancing operational endurance, and growing adoption in industrial inspections and infrastructure monitoring.
• Lucintel forecasts that ground fixed type is expected to witness the highest growth over the forecast period.
• Within this market, defense is expected to witness the higher growth.
• North America is expected to witness highest growth over the forecast period.
United States
In 2023, AeroVironment announced the expansion of its tethered drone solutions to support the U.S. Department of DefenseÄX%$%Xs surveillance initiatives, aiming for increased deployment in border security operations.
China
EHang, a prominent Chinese UAV company, unveiled its new tethered drone system targeting urban aerial logistics and smart city management, with plans to collaborate with local governments for large-scale implementation by 2025.
Germany
Quantum Systems announced in early 2024 the integration of their tethered drones for industrial inspection services, aiming to partner with German energy companies to enhance infrastructure monitoring and maintenance.
India
In 2023, the Indian government launched a project to deploy tethered drones for large-scale agricultural monitoring and disaster management, collaborating with domestic company ideaForge to enhance rural connectivity and crop management systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Tethered Drone by Segment
The study includes a forecast for the global tethered drone by type, application, and region.
Tethered Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Ground Fixed Type
• Vehicle Mounted Mobile Type
• Shipborne Mobile Type
Tethered Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Defense
• Telecommunications
• Others
Tethered Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Tethered 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 tethered drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tethered drone companies profiled in this report include-
• Drone Aviation
• Elistair
• Sky Sapience
• Hoverfly Technologies
• Fotokite
Recent Development in the Tethered Drone Market
Elistair: New Drone Model Release
Elistair, a prominent player in the tethered drone market, recently launched the Orion 2.2, an upgraded version of their popular tethered UAV. This model boasts enhanced stability, extended flight durations, and improved data transmission capabilities, making it ideal for surveillance, telecommunications, and defense applications.
Drone Aviation Holding Corp: Military Contracts
Drone Aviation Holding Corp secured multiple contracts with the U.S. Department of Defense to supply their Winch Aerostat Small Platform (WASP) tethered drones. These contracts underscore the growing demand for tethered drones in military operations, emphasizing their utility in providing persistent aerial surveillance and communications support.
Hoverfly Technologies: Infrastructure Inspection Solutions
Hoverfly Technologies introduced an innovative tethered drone system specifically designed for infrastructure inspection. Their LiveSky™ solution integrates high-definition cameras and real-time data transmission, allowing for precise and efficient monitoring of critical infrastructure such as bridges, power lines, and communication towers.
Azur Drones: Autonomous Tethered Systems
Azur Drones announced advancements in their autonomous tethered drone systems. Their Skeyetech platform now includes enhanced AI capabilities, enabling fully automated surveillance and perimeter security operations without human intervention. This innovation is particularly beneficial for industrial sites and sensitive facilities.
CyPhy Works: Disaster Response Applications
CyPhy Works has expanded the application of their tethered drones to disaster response and emergency management. Their PARC system (Persistent Aerial Reconnaissance and Communications) was recently deployed to provide critical communications and aerial reconnaissance in areas affected by natural disasters, showcasing the technologyÄX%$%Xs value in improving situational awareness and coordination during emergencies.
Features of the Global Tethered Drone Market
Market Size Estimates: Tethered drone market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Tethered drone market size by type, application, and region in terms of value ($M).
Regional Analysis: Tethered 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 tethered drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the tethered drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the tethered drone market size?
Answer: The global tethered drone market is expected to reach an estimated $172.0 million by 2030.
Q2. What is the growth forecast for tethered drone market?
Answer: The global tethered drone market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the tethered drone market?
Answer: The major drivers for this market are increased demand for persistent surveillance and monitoring capabilities, advancements in tethering technology enhancing operational endurance and growing adoption in industrial inspections and infrastructure monitoring.
Q4. What are the major segments for tethered drone market?
Answer: The future of the tethered drone market looks promising with opportunities in the defense and telecommunication markets.
Q5. Who are the key tethered drone market companies?
Answer: Some of the key tethered drone companies are as follows:
• Drone Aviation
• Elistair
• Sky Sapience
• Hoverfly Technologies
• Fotokite
Q6. Which tethered drone market segment will be the largest in future?
Answer: Lucintel forecasts that ground fixed type is expected to witness the highest growth over the forecast period.
Q7. In tethered 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.
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 tethered drone market by type (ground fixed type, vehicle mounted mobile type, and shipborne mobile type), application (defense, telecommunications, 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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