Autonomous BVLOS Drones Market - Size, Share, and Forecast [2021-2031]
The Autonomous BVLOS Drones Market is expected to register a CAGR of 21.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Small UAVs, Medium UAVs, Large UAVs). The report further presents analysis based on the Application (Commercial, Military). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Autonomous BVLOS Drones Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Autonomous BVLOS Drones Market Segmentation
Type- Small UAVs
- Medium UAVs
- Large UAVs
- Commercial
- Military
Strategic Insights
Autonomous BVLOS Drones Market Growth Drivers- Increasing Mandate on Safety of Operations: The use of safety for drone operations, particularly BVLOS missions, gains much momentum. Specifically, regulatory authorities and organizations have increased their mandate of safety measures that impose the use of autonomous BVLOS drones with sense-and-avoid systems and other advanced safety features, among others.
- Economic Gains Associated with BVLOS Operations: Economic gains associated with BVLOS operations: more efficient logistics, reduced operational cost and possible coverage of large areas without constant pilot supervision, and thus commercially very attractive for various applications.
- Expansion in Commercial Applications: This type of market offers huge growth opportunities in commercial sectors such as agriculture, logistics and infrastructure inspection. As the industry recognizes the efficiency and cost-effectiveness of drones to operate BVLOS, such conditions are likely to be conducive to widespread adoption and innovation in such areas.
- Advances in Drone Technologies: The usual advancement in drone technologies with regards to artificial intelligence and enhanced communication systems will open up the avenue of more sophisticated, capable BVLOS drones. Such innovations can afford improved operational efficiency as well as expand the ranges for applications.
- AI and Automation Integration: The integration of artificial intelligence and automation is among the most powerful leading trends in the autonomous BVLOS drone market. AI enhances actual capabilities of drones, such as AI-powered navigation, anomaly detection, and data analysis increasing autonomous operations and thus improve decision-making.
- Rise in Demand from Military Applications: Military still remains significantly predominant share in the autonomous BVLOS drones market. Various military applications such as ISR operations are contributing towards the growth of investment and innovation in these applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Autonomous BVLOS Drones Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Autonomous BVLOS Drones Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Autonomous BVLOS Drones Market include AeroVironment, Inc., Airbus S.A.S., BAE Systems, Elbit Systems Ltd., FLYTREX, General Atomics, Northrop Grumman Corporation, Saab, SenseFly, SmartPlanes
AI and Automation Integration and Rise in Demand from Military Applications are the key future trends of the Autonomous BVLOS Drones Market
The Autonomous BVLOS Drones Market is estimated to witness a CAGR of 21.6% from 2023 to 2031
The major factors driving the Autonomous BVLOS Drones Market are: Increasing Mandate on Safety of Operations and Economic Gains Associated with BVLOS Operations
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Autonomous BVLOS Drones Market - By Type
1.3.2 Autonomous BVLOS Drones Market - By Application
1.3.3 Autonomous BVLOS Drones Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTONOMOUS BVLOS DRONES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTONOMOUS BVLOS DRONES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTONOMOUS BVLOS DRONES MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTONOMOUS BVLOS DRONES - GLOBAL MARKET OVERVIEW
6.2. AUTONOMOUS BVLOS DRONES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTONOMOUS BVLOS DRONES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SMALL UAVS
7.3.1. Overview
7.3.2. Small UAVs Market Forecast and Analysis
7.4. MEDIUM UAVS
7.4.1. Overview
7.4.2. Medium UAVs Market Forecast and Analysis
7.5. LARGE UAVS
7.5.1. Overview
7.5.2. Large UAVs Market Forecast and Analysis
8. AUTONOMOUS BVLOS DRONES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
9. AUTONOMOUS BVLOS DRONES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Autonomous BVLOS Drones Market Overview
9.1.2 North America Autonomous BVLOS Drones Market Forecasts and Analysis
9.1.3 North America Autonomous BVLOS Drones Market Forecasts and Analysis - By Type
9.1.4 North America Autonomous BVLOS Drones Market Forecasts and Analysis - By Application
9.1.5 North America Autonomous BVLOS Drones Market Forecasts and Analysis - By Countries
9.1.5.1 United States Autonomous BVLOS Drones Market
9.1.5.1.1 United States Autonomous BVLOS Drones Market by Type
9.1.5.1.2 United States Autonomous BVLOS Drones Market by Application
9.1.5.2 Canada Autonomous BVLOS Drones Market
9.1.5.2.1 Canada Autonomous BVLOS Drones Market by Type
9.1.5.2.2 Canada Autonomous BVLOS Drones Market by Application
9.1.5.3 Mexico Autonomous BVLOS Drones Market
9.1.5.3.1 Mexico Autonomous BVLOS Drones Market by Type
9.1.5.3.2 Mexico Autonomous BVLOS Drones Market by Application
9.2. EUROPE
9.2.1 Europe Autonomous BVLOS Drones Market Overview
9.2.2 Europe Autonomous BVLOS Drones Market Forecasts and Analysis
9.2.3 Europe Autonomous BVLOS Drones Market Forecasts and Analysis - By Type
9.2.4 Europe Autonomous BVLOS Drones Market Forecasts and Analysis - By Application
9.2.5 Europe Autonomous BVLOS Drones Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Autonomous BVLOS Drones Market
9.2.5.1.1 Germany Autonomous BVLOS Drones Market by Type
9.2.5.1.2 Germany Autonomous BVLOS Drones Market by Application
9.2.5.2 France Autonomous BVLOS Drones Market
9.2.5.2.1 France Autonomous BVLOS Drones Market by Type
9.2.5.2.2 France Autonomous BVLOS Drones Market by Application
9.2.5.3 Italy Autonomous BVLOS Drones Market
9.2.5.3.1 Italy Autonomous BVLOS Drones Market by Type
9.2.5.3.2 Italy Autonomous BVLOS Drones Market by Application
9.2.5.4 United Kingdom Autonomous BVLOS Drones Market
9.2.5.4.1 United Kingdom Autonomous BVLOS Drones Market by Type
9.2.5.4.2 United Kingdom Autonomous BVLOS Drones Market by Application
9.2.5.5 Russia Autonomous BVLOS Drones Market
9.2.5.5.1 Russia Autonomous BVLOS Drones Market by Type
9.2.5.5.2 Russia Autonomous BVLOS Drones Market by Application
9.2.5.6 Rest of Europe Autonomous BVLOS Drones Market
9.2.5.6.1 Rest of Europe Autonomous BVLOS Drones Market by Type
9.2.5.6.2 Rest of Europe Autonomous BVLOS Drones Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Autonomous BVLOS Drones Market Overview
9.3.2 Asia-Pacific Autonomous BVLOS Drones Market Forecasts and Analysis
9.3.3 Asia-Pacific Autonomous BVLOS Drones Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Autonomous BVLOS Drones Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Autonomous BVLOS Drones Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Autonomous BVLOS Drones Market
9.3.5.1.1 Australia Autonomous BVLOS Drones Market by Type
9.3.5.1.2 Australia Autonomous BVLOS Drones Market by Application
9.3.5.2 China Autonomous BVLOS Drones Market
9.3.5.2.1 China Autonomous BVLOS Drones Market by Type
9.3.5.2.2 China Autonomous BVLOS Drones Market by Application
9.3.5.3 India Autonomous BVLOS Drones Market
9.3.5.3.1 India Autonomous BVLOS Drones Market by Type
9.3.5.3.2 India Autonomous BVLOS Drones Market by Application
9.3.5.4 Japan Autonomous BVLOS Drones Market
9.3.5.4.1 Japan Autonomous BVLOS Drones Market by Type
9.3.5.4.2 Japan Autonomous BVLOS Drones Market by Application
9.3.5.5 South Korea Autonomous BVLOS Drones Market
9.3.5.5.1 South Korea Autonomous BVLOS Drones Market by Type
9.3.5.5.2 South Korea Autonomous BVLOS Drones Market by Application
9.3.5.6 Rest of Asia-Pacific Autonomous BVLOS Drones Market
9.3.5.6.1 Rest of Asia-Pacific Autonomous BVLOS Drones Market by Type
9.3.5.6.2 Rest of Asia-Pacific Autonomous BVLOS Drones Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Autonomous BVLOS Drones Market Overview
9.4.2 Middle East and Africa Autonomous BVLOS Drones Market Forecasts and Analysis
9.4.3 Middle East and Africa Autonomous BVLOS Drones Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Autonomous BVLOS Drones Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Autonomous BVLOS Drones Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Autonomous BVLOS Drones Market
9.4.5.1.1 South Africa Autonomous BVLOS Drones Market by Type
9.4.5.1.2 South Africa Autonomous BVLOS Drones Market by Application
9.4.5.2 Saudi Arabia Autonomous BVLOS Drones Market
9.4.5.2.1 Saudi Arabia Autonomous BVLOS Drones Market by Type
9.4.5.2.2 Saudi Arabia Autonomous BVLOS Drones Market by Application
9.4.5.3 U.A.E Autonomous BVLOS Drones Market
9.4.5.3.1 U.A.E Autonomous BVLOS Drones Market by Type
9.4.5.3.2 U.A.E Autonomous BVLOS Drones Market by Application
9.4.5.4 Rest of Middle East and Africa Autonomous BVLOS Drones Market
9.4.5.4.1 Rest of Middle East and Africa Autonomous BVLOS Drones Market by Type
9.4.5.4.2 Rest of Middle East and Africa Autonomous BVLOS Drones Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Autonomous BVLOS Drones Market Overview
9.5.2 South and Central America Autonomous BVLOS Drones Market Forecasts and Analysis
9.5.3 South and Central America Autonomous BVLOS Drones Market Forecasts and Analysis - By Type
9.5.4 South and Central America Autonomous BVLOS Drones Market Forecasts and Analysis - By Application
9.5.5 South and Central America Autonomous BVLOS Drones Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Autonomous BVLOS Drones Market
9.5.5.1.1 Brazil Autonomous BVLOS Drones Market by Type
9.5.5.1.2 Brazil Autonomous BVLOS Drones Market by Application
9.5.5.2 Rest of South and Central America Autonomous BVLOS Drones Market
9.5.5.2.1 Rest of South and Central America Autonomous BVLOS Drones Market by Type
9.5.5.2.2 Rest of South and Central America Autonomous BVLOS Drones Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTONOMOUS BVLOS DRONES MARKET, KEY COMPANY PROFILES
11.1. AEROVIRONMENT, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIRBUS S.A.S.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BAE SYSTEMS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ELBIT SYSTEMS LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FLYTREX
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENERAL ATOMICS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NORTHROP GRUMMAN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAAB
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SENSEFLY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SMARTPLANES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AeroVironment, Inc.
2. Airbus S.A.S.
3. BAE Systems
4. Elbit Systems Ltd.
5. FLYTREX
6. General Atomics
7. Northrop Grumman Corporation
8. Saab
9. SenseFly
10. SmartPlanes
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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