Cellular Connected Drone Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Due to growing 5G acceptance and the need for a real-time positioning system, the worldwide cellular connected drone market is projected to witness decent growth during the forecast period. The cellular network is used by cellular-linked drones for drone location, navigation, and contact. A main enabler for rolling out Outside Visible Line of Sight (BVLOS) operations on a larger scale is the use of cellular networks to run a drone while keeping operational costs down leveraging the current network infrastructure. A main enabler for rolling out Outside Visible Line of Sight (BVLOS) operations on a larger scale is the use of cellular networks to run a drone while keeping operational costs down leveraging the current network infrastructure. Due to the rise in demand for fast delivery drone services, demand for the cellular connected drone is expected to increase in the coming years. With substantial growth rates over the last few years, the global cellular connected drone market is rising at a faster pace and the market is expected to expand significantly in the forecast period.

MARKET DYNAMICS

Various drivers such as the demand for delivery of same-day drones is rising and also the growing investment in Smart Cities Innovations specially in developing countries is driving the cellular connected drone market. Also, the advent of 5G technology has made the technological workings of drone at faster pace which is also driving the growth of the cellular connected drone market. However, lack of by effective network ranges in remote areas and various governmental security related concerns and restrictions on drone flying may restrain the growth of the cellular connected drone market. Furthermore, technological advancements in tech and cloud computing among telecom service providers including IoT solutions industry and drone data analytics market is further anticipated to create market opportunities for the cellular connected drone market during the forecast period.

MARKET SCOPE

The "Global Cellular Connected Drone Market Analysis to 2031" is a specialized and in-depth study of the cellular connected drone market with a special focus on the global market trend analysis. The report aims to provide an overview of cellular connected drone market with detailed market segmentation by type, range, component, application, and geography. The global cellular connected drone market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cellular connected drone market players and offers key trends and opportunities in the cellular connected drone market.

MARKET SEGMENTATION

The global cellular connected drone market is segmented on the basis of type, range, component and software. On the basis of type, the market is segmented fixed wing drone and rotary wing drone. Similarly, on the basis of range, the market is segmented as visual line of sight (VLOS) and beyond line of sight (BVLOS. Further on basis of component, the market is segmented as hardware and software. Based on application the market is segmented as military and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cellular connected drone market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cellular connected drone market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting cellular connected drone market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the cellular connected drone market in these regions.

MARKET PLAYERS

The reports cover key developments in the cellular connected drone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cellular connected drone market are anticipated to lucrative growth opportunities in the future with the rising demand for cellular connected drone market. Below mentioned is the list of few companies engaged in the cellular connected drone market.

The report also includes the profiles of key cellular connected drone market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Airbus S.A.S.
  
•   AT&T Intellectual Property
  
•   EHang
  
•   Huawei Technologies Co., Ltd.
  
•   Nokia
  
•   Telefónica S.A
  
•   Terra Drone Corp.
  
•   T-Mobile USA, INC
  
•   Verizon
  
•   Vodafone Group Plc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cellular Connected Drone Report Scope