Global autonomous BVLOS drone market projected to propel due to the growing usages of BVLOS drone in military and commercials applications for improved productivity, speed, and efficiency
The global autonomous BVLOS drone market expected to grow with a CAGR of over 26.74% during the forecast period. The growth of the market can be attributed to the surge in need for autonomous BVLOS drones to overcome the safety concerns for labor working around robots in shared workplaces and continuous decrease in the size of the available workforce. Additionally, the increasing applications of autonomous BVLOS drones in the agriculture field in monitoring farmlands to enable farmers to respond quickly to threats such as drought and pests will foster the growth of the market. Moreover, the rise in need for autonomous BVLOS drone for the safety of people around beyond-visual-line-of-sight and autonomous drone operation overpopulated areas is strengthening the market growth.
Moreover, the growth in the development of BVLOS drone for inspecting hard-to-reach and dangerous equipment such as wind turbines, refineries, oil rigs, ship hulls, smokestacks, buildings, and skyscrapers are anticipated to trigger the growth of the global autonomous BVLOS drone market size in the future periods. The various government initiatives such as the USA has approved testing of commercial drones to over people, night time operations, and flights beyond the VLOS. These factors will spur the growth of the autonomous BVLOS drone market share in the upcoming periods. Also, the growing adopters of autonomous BVLOS drone technology to achieving small image capturing UAVs with low endurance and carrying capacity will expand the global autonomous BVLOS drone industry in the analysis periods.
Type Overview in the Global Autonomous BVLOS drone Market
Based on type, the global autonomous BVLOS drone market classified into Fixed Wing, Rotor Type, and Hybrid. The hybrid will be the fastest-growing segment in the forecast period. Hybrid is useful in long-range, long-endurance capabilities, and intuitive operation for achieving industry-leading drone data and intelligence gathering in a single flight.
Application Overview in the Global Autonomous BVLOS drone market
Based on the application, the global autonomous BVLOS drone market segregated into commercial, government, and military. The commercial will capture maximum revenue by 2027 due to the autonomous BVLOS drone useful in proving survey and map large tracts of farms, forests, landmasses, and waterways.
Components Overview in the Global Autonomous BVLOS drone Market
Based on components, the global autonomous BVLOS drone market segregated into Camera, Sensor, communication Unit, Autopilot, Sense and Avoid, Synthetic Aperture Radar (SAR), and others. The Sense and Avoid accounted for a larger market share in 2019 and projected to lead the market by 2027. It is due to the huge demand for autonomous BVLOS drones for drone safety, particularly in congested areas such as urban or suburban delivery missions.
Mode of Communication Overview in the Global Autonomous BVLOS drone Market
Based on the mode of communication, the global autonomous BVLOS drone market categorized into Radio, Cellular, and Satellite. The cellular segment will be the fastest-growing segment by 2027, attributable to the cellular useful for real-time streaming and capable of much higher data rates than satellites, which are gaining in popularity for commercial drones.
Regional Overview in the Global Autonomous BVLOS drone Market
By geography, the global autonomous BVLOS drone Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for maximum revenue share in 2019, owing to the presence of keys players in these regions and favorable government initiatives, especially USA FDA approval to promote the usage of autonomous BVLOS drones for various industrial applications, including energy, maritime surveillance, and defense.
Global Autonomous BVLOS drone Market: Competitive Landscape
Companies such as AeroVironment, Inc., Airbus SAS, BAE Systems, Elbit Systems Ltd, Flytrex Aviation Limited, General Atomics Aeronautical Systems, Inc., Insitu, Inc., Israel Aerospace Industries Ltd., Northrop Grumman Corporation, Saab AB, and Textron Systems, are the key players in the global autonomous BVLOS drone market.
Global Autonomous BVLOS Drone Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape for Autonomous BVLOS Drones 4.4. Next-Generation Drone Technology 4.5. Competitors & Product Analysis 4.6. Regulatory Framework 4.7. Company market share analysis, 2019 4.8. Porter's Five forces analysis 4.9. New Investment Analysis 4.10. PESTEL Analysis 5. Global Autonomous BVLOS Drone Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Type 5.2.1.1. Fixed Wing 5.2.1.2. Rotor Type 5.2.1.3. Hybrid 5.2.2. By Application 5.2.2.1. Commercial 5.2.2.2. Government 5.2.2.3. Military 5.2.3. By Components 5.2.3.1. Camera 5.2.3.2. Sensor 5.2.3.3. Communication Unit 5.2.3.4. Autopilot 5.2.3.5. Sense and Avoid 5.2.3.6. Synthetic Aperture Radar (SAR) 5.2.3.7. Others 5.2.4. By Mode of Communication 5.2.4.1. Radio 5.2.4.2. Cellular 5.2.4.3. Satellite 5.2.5. By Region 5.2.5.1. North America 5.2.5.2. Europe 5.2.5.3. Asia Pacific 5.2.5.4. South America 5.2.5.5. Middle East & Africa 6. North America Autonomous BVLOS Drone Market Overview 6.1. North America Autonomous BVLOS Drone Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Autonomous BVLOS Drone Market Share & Forecast, 2016-2027 6.2.1. By Type 6.2.1.1. Fixed Wing 6.2.1.2. Rotor Type 6.2.1.3. Hybrid 6.2.2. By Application 6.2.2.1. Commercial 6.2.2.2. Government 6.2.2.3. Military 6.2.3. By Components 6.2.3.1. Camera 6.2.3.2. Sensor 6.2.3.3. Communication Unit 6.2.3.4. Autopilot 6.2.3.5. Sense and Avoid 6.2.3.6. Synthetic Aperture Radar (SAR) 6.2.3.7. Others 6.2.4. By Mode of Communication 6.2.4.1. Radio 6.2.4.2. Cellular 6.2.4.3. Satellite 6.2.5. By Country 6.2.5.1. US 6.2.5.2. Canada 6.2.5.3. Mexico 6.2.6. Price-Point Analysis 6.2.7. Manufacturer & Distributor List (Top 5) 6.2.8. Company Market Share (Top 3-5) 6.2.9. Economic Impact Study on North America Autonomous BVLOS Drone Market 7. Europe Autonomous BVLOS Drone Market Overview 7.1. Europe Autonomous BVLOS Drone Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Autonomous BVLOS Drone Market Share & Forecast, 2016-2027 7.2.1. By Type 7.2.1.1. Fixed Wing 7.2.1.2. Rotor Type 7.2.1.3. Hybrid 7.2.2. By Application 7.2.2.1. Commercial 7.2.2.2. Government 7.2.2.3. Military 7.2.3. By Components 7.2.3.1. Camera 7.2.3.2. Sensor 7.2.3.3. Communication Unit 7.2.3.4. Autopilot 7.2.3.5. Sense and Avoid 7.2.3.6. Synthetic Aperture Radar (SAR) 7.2.3.7. Others 7.2.4. By Mode of Communication 7.2.4.1. Radio 7.2.4.2. Cellular 7.2.4.3. Satellite 7.2.5. By Country 7.2.5.1. Germany 7.2.5.2. UK 7.2.5.3. France 7.2.5.4. Italy 7.2.5.5. Rest of Europe 7.2.6. Price-Point Analysis 7.2.7. Manufacturer & Distributor List (Top 5) 7.2.8. Company Market Share (Top 3-5) 7.2.9. Economic Impact Study on Europe Autonomous BVLOS Drone Market 8. Asia Pacific Autonomous BVLOS Drone Market Overview 8.1. Asia Pacific Autonomous BVLOS Drone Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Autonomous BVLOS Drone Market Share & Forecast, 2016-2027 8.2.1. By Type 8.2.1.1. Fixed Wing 8.2.1.2. Rotor Type 8.2.1.3. Hybrid 8.2.2. By Application 8.2.2.1. Commercial 8.2.2.2. Government 8.2.2.3. Military 8.2.3. By Components 8.2.3.1. Camera 8.2.3.2. Sensor 8.2.3.3. Communication Unit 8.2.3.4. Autopilot 8.2.3.5. Sense and Avoid 8.2.3.6. Synthetic Aperture Radar (SAR) 8.2.3.7. Others 8.2.4. By Mode of Communication 8.2.4.1. Radio 8.2.4.2. Cellular 8.2.4.3. Satellite 8.2.5. By Country 8.2.5.1. China 8.2.5.2. India 8.2.5.3. Japan 8.2.5.4. Australia 8.2.5.5. Rest of Asia Pacific 8.2.6. Price-Point Analysis 8.2.7. Manufacturer & Distributor List (Top 5) 8.2.8. Company Market Share (Top 3-5) 8.2.9. Economic Impact Study on Asia Pacific Autonomous BVLOS Drone Market 9. South America Autonomous BVLOS Drone Market Overview 9.1. South America Autonomous BVLOS Drone Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Autonomous BVLOS Drone Market Share & Forecast, 2016-2027 9.2.1. By Type 9.2.1.1. Fixed Wing 9.2.1.2. Rotor Type 9.2.1.3. Hybrid 9.2.2. By Application 9.2.2.1. Commercial 9.2.2.2. Government 9.2.2.3. Military 9.2.3. By Components 9.2.3.1. Camera 9.2.3.2. Sensor 9.2.3.3. Communication Unit 9.2.3.4. Autopilot 9.2.3.5. Sense and Avoid 9.2.3.6. Synthetic Aperture Radar (SAR) 9.2.3.7. Others 9.2.4. By Mode of Communication 9.2.4.1. Radio 9.2.4.2. Cellular 9.2.4.3. Satellite 9.2.5. By Country 9.2.5.1. Brazil 9.2.5.2. Argentina 9.2.5.3. Rest of South America 9.2.6. Price-Point Analysis 9.2.7. Manufacturer & Distributor List (Top 5) 9.2.8. Company Market Share (Top 3-5) 9.2.9. Economic Impact Study on South America Autonomous BVLOS Drone Market 10. Middle East & Africa Autonomous BVLOS Drone Market Overview 10.1. Middle East & Africa Autonomous BVLOS Drone Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Autonomous BVLOS Drone Market Share & Forecast, 2016-2027 10.2.1. By Type 10.2.1.1. Fixed Wing 10.2.1.2. Rotor Type 10.2.1.3. Hybrid 10.2.2. By Application 10.2.2.1. Commercial 10.2.2.2. Government 10.2.2.3. Military 10.2.3. By Components 10.2.3.1. Camera 10.2.3.2. Sensor 10.2.3.3. Communication Unit 10.2.3.4. Autopilot 10.2.3.5. Sense and Avoid 10.2.3.6. Synthetic Aperture Radar (SAR) 10.2.3.7. Others 10.2.4. By Mode of Communication 10.2.4.1. Radio 10.2.4.2. Cellular 10.2.4.3. Satellite 10.2.5. By Country 10.2.5.1. Saudi Arabia 10.2.5.2. UAE 10.2.5.3. South Africa 10.2.5.4. Rest of Middle East & Africa 10.2.6. Price-Point Analysis 10.2.7. Manufacturer & Distributor List (Top 5) 10.2.8. Company Market Share (Top 3-5) 10.2.9. Economic Impact Study on Middle East & Africa Autonomous BVLOS Drone Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. AeroVironment, Inc. 11.7.2. Airbus S.A.S. 11.7.3. BAE Systems 11.7.4. Elbit Systems Ltd 11.7.5. Flytrex Aviation Limited 11.7.6. General Atomics Aeronautical Systems, Inc. 11.7.7. Insitu, Inc. 11.7.8. Israel Aerospace Industries Ltd. 11.7.9. Northrop Grumman Corporation 11.7.10. Saab AB 11.7.11. Textron Systems 11.7.12. Other Prominent Players
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