Autonomous BVLOS Drone Market Report 2019: Projecting a 25.91% Volume Growth During 2019-2029, Driven by the Increasing Need for Autonomous Operation

The Autonomous BVLOS Drone market is projected to grow at a significant CAGR of 25.91% on the basis of volume during the forecast period from 2019 to 2029.

Market Dynamics

Drivers

  • Increase in Requirement for Safety of Operations for Drone Operations
  • Rise in Economic Benefits Associated with BVLOS Operations for Commercial Applications
  • Advancements in Drone Technologies Such as Sense and Avoid Systems, Artificial Intelligence in Drones

Challenges

  • Stringent Regulatory Framework
  • Inadequate Supporting Infrastructure and Technologies

Opportunities

  • Rising Demand for Drone Delivery Services
  • Increasing Need for Autonomous Operation

Drones and unmanned aerial vehicles have experienced dynamic technological advancements over the last few decades. The technological advancement in operating range, capabilities, and size largely pave the way for various growth opportunities for the defense and commercial sectors. The concept of usage of drones has been quite old as in the year 1839, the Austrian army used unmanned hot air balloons for a combat mission. Since then, UAVs have undergone several technological advancements that result in a considerable reduction in weight, size, and cost, enhanced battery life, an increased degree of autonomy in its operation.

In VLOS, the operating range for drones is less than 1km while the drones go beyond the 1km of range, it enters into the BVLOS range. For operating drones in BVLOS range, there are various restrictions imposed by the aviation department in various countries. Each country has its own set of rules for drone operations. For instance, Federal Aviation Administration (FAA) is the regulatory body for American Civil Aviation. The authority creates regulations for the use of drones in commercial applications. For operating UAVs in BVLOS for commercial applications, the operator has to take a clearance certificate and after obtaining the certificate, there are also certain restrictions related to the flying range and height of UAVs.

There are some specific applications such as search and rescue, package delivery, inspection, and border patrol which can be performed through BVLOS operations. In military and government applications, the drones already fly in BVLOS range, while in commercial applications, the BVLOS operations are yet to commence by the year 2021. In most of the countries, the BVLOS flights, as of now, are not permitted or they are highly regulated. According to the FAA, in the year 2019, there are numerous applications that are emerging with regard to BVLOS operations in FAA.

Key Companies in the Global Autonomous BVLOS drone Industry

The key market players in the global autonomous BVLOS drone market include AeroVironment, Inc. (US), Airbus S.A.S. (Netherlands), BAE Systems (UK), Elbit Systems Ltd (Israel), Flytrex Aviation Limited (Israel), General Atomics Aeronautical Systems, Inc. (US), Insitu, Inc. (US), Israel Aerospace Industries Ltd. (Israel), Northrop Grumman Corporation (US), Saab AB (Sweden), and Textron Systems (US).

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