PUBLISHER: The Business Research Company | PRODUCT CODE: 1596990
PUBLISHER: The Business Research Company | PRODUCT CODE: 1596990
Autonomous beyond visual line of sight (BVLOS) drones are equipped with sophisticated autonomous navigation and control systems that enable them to execute missions over long distances without human oversight. These drones leverage a combination of technologies, including GPS, sensors, cameras, and onboard computing, to navigate, avoid obstacles, and accomplish designated tasks while remaining outside the operator's line of sight.
The primary categories of autonomous BVLOS drones include small unmanned aerial vehicles (UAVs), medium unmanned aerial vehicles (UAVs), and large unmanned aerial vehicles (UAVs). Small UAVs are lightweight drones designed for short-range missions, often operating in confined spaces or urban environments. The products in this category include fixed-wing drones, rotor drones, and hybrid drones. They are utilized by a variety of end-users across sectors such as agriculture and agribusiness, energy and utilities, construction and engineering, mining, logistics and transportation, government and military, media and entertainment, among others.
The autonomous beyond visual line of sight (BVLOS) drones market research report is one of a series of new reports from The Business Research Company that provides autonomous beyond visual line of sight (BVLOS) drones market statistics, including autonomous beyond visual line of sight (BVLOS) drones industry global market size, regional shares, competitors with a autonomous beyond visual line of sight (BVLOS) drones market share, detailed autonomous beyond visual line of sight (BVLOS) drones market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous beyond visual line of sight (BVLOS) drones industry. This autonomous beyond visual line of sight (BVLOS) drones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The autonomous beyond visual line of sight (BVLOS) drones market size has grown exponentially in recent years. It will grow from $1.08 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 22.8%. The growth during the historic period can be attributed to the rising demand for efficient delivery systems, advancements in agricultural automation, enhancements in infrastructure inspection, increased usage in emergency response and disaster management, and the development of regulatory frameworks that support BVLOS operations.
The autonomous beyond visual line of sight (BVLOS) drones market size is expected to see exponential growth in the next few years. It will grow to $3.05 billion in 2028 at a compound annual growth rate (CAGR) of 23.0%. The projected growth during the forecast period can be attributed to the increasing demand for logistics and delivery solutions, regulatory changes that support drone operations, rising investments in drone technology startups, expanding applications in agriculture for precision farming, and increased utilization in emergency response and disaster management. Key trends anticipated during this period include advancements in battery technology for extended flight times, a stronger focus on safety and cybersecurity protocols, the expansion of drone-as-a-service (DaaS) models, the integration of 5G technology for enhanced connectivity, and the development of advanced payload systems for a variety of applications.
The rapid expansion of the military and defense sectors is anticipated to drive the growth of the autonomous beyond visual line of sight (BVLOS) drone market in the coming years. The military and defense sector encompasses organizations and activities focused on national security, including armed forces, defense agencies, and the production of military equipment and technology. This rapid growth is fueled by increasing geopolitical tensions, rising defense budgets, and advancements in technology. Autonomous BVLOS drones enhance military and defense operations by enabling long-range surveillance, reconnaissance, and logistics tasks without the need for direct human control, thus improving operational efficiency and safety. For example, in August 2024, USA Facts, a non-profit and nonpartisan civic initiative in the US, reported that the military expenditure reached approximately $820.3 billion in 2023, accounting for about 13.3% of the federal budget. Additionally, the Department of Defense requested $842.0 billion for 2024, reflecting a 2.6% increase in funding. Consequently, the rapid growth in military and defense sectors is fueling the demand for autonomous BVLOS drones.
Key companies in the autonomous BVLOS drone market are concentrating on developing advanced technologies, such as automated ground infrastructure, to enhance delivery efficiency, improve safety during operations, and facilitate scalable logistics solutions across various industries. Automated ground infrastructure consists of systems and technologies that support drone operations, charging, and management from the ground, including docking stations and related software. For instance, in April 2024, DroneUp, a US-based drone delivery service provider, launched its proprietary autonomous Ecosystem, which combines ground infrastructure, software, and drones to revolutionize last-mile logistics for retailers, quick-service restaurants, and healthcare providers. DroneUp's DBX docking station allows for autonomous package pickup, storage, and delivery, enabling precise landings, real-time monitoring, and rapid deliveries of up to 60 mph over a range of 30 miles. This scalable and cost-effective system aims to enhance operational efficiency and is being rolled out in select markets.
In August 2023, Terra Drone Corporation, a Japan-based drone service provider, acquired Unifly for an undisclosed amount. This acquisition is intended to bolster Terra Drone Corporation's capabilities in the autonomous BVLOS drone market by integrating advanced air traffic management solutions, thereby improving the safety, efficiency, and scalability of drone operations. Unifly is a Belgium-based provider specializing in BVLOS drone capabilities.
Major companies operating in the autonomous beyond visual line of sight (BVLOS) drones market are Airbus SE, Honeywell International Inc., BAE Systems, Thales Group, L3Harris Technologies Inc., Parrot SA, Quantum Systems, Skydio, Zipline, Delair, Matternet, Flytrex Aviation, Wingcopter, Applied Aeronautics, DroneUp, EHang, Plymouth Rock Technologies, Asylon, Skyports, Amboya
North America was the largest region in the autonomous beyond visual line of sight (BVLOS) drones market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous beyond visual line of sight (BVLOS) drones marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the autonomous beyond visual line of sight (BVLOS) drones marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The autonomous beyond visual line of sight (BVLOS) drones market consists of revenues earned by entities by providing services such as drone operation services, data collection services, maintenance and repair services, training and certification programs, and data processing and analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The autonomous beyond visual line of sight (BVLOS) drone market also includes sales of delivery drones, surveying and mapping drones, agricultural drones, and emergency response drones. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Autonomous Beyond Visual Line Of Sight (BVLOS) Drones Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on autonomous beyond visual line of sight (BVLOS) drones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for autonomous beyond visual line of sight (BVLOS) drones ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The autonomous beyond visual line of sight (BVLOS) drones market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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