The global autonomous beyond visual line of sight (BVLOS) drone market is expected to witness a significant growth in the forecast period 2019-2029, primarily due to a rising demand for drones in the commercial sector. The scope of study majorly focuses on the drones that operate in BVLOS. The drones are majorly used for several commercial applications and military operations, such as package delivery, inspection, ISR, combat targeting, as well as border security and surveillance by military and security agencies.
In VLOS, the operating range for drones is less than 1km while the drones goes 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 clearance certificate and after obtaining the certificate, there are also certain restrictions related to flying range and height of UAVs.
Initially, the drones took fleet for a short range of about 1Km distance from controller. In other words, the remote pilot had direct eye contact with the drones. This operating range of drones and UAVs is popularly known as visual line of sight (VLOS). But about an over the decade, the need for operating drones beyond VLOS range is proliferating due to increasing in demand from commercial applications such as package delivery, critical infrastructure inspection (rail, oil and gas, windmill), and others. These applications cannot perform at their fullest with drones operating in VLOS operations.
However, stringent regulatory framework and inadequate supporting infrastructure and technologies act as the major challenges for the market. The rising demand for drone delivery in commercial domain is expected to create viable opportunities for the BVLOS drone market. The growth of the autonomous BVLOS drones, is majorly due to the emergence of new commercial applications, increase in safety, and reduction inspection cost and monitoring applications. The growing need for enabling real-time intelligence, surveillance, and reconnaissance (ISR) information about the remote areas has become an essential need for military operations.
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The key players that are actively participating in the BVLOS drones include Flytrex Aviation Limited, General Atomics Aeronautical Systems, Inc., Insitu, Inc., Matternet, Inc., senseFly, Silvertone UAV, SmartPlanes AB, AeroVironment, Inc., Airbus S.A.S, BAE Systems, Elbit Systems Ltd, Israel Aerospace Industries Ltd, Northrop Grumman Corporation, Saab AB, and Textron Systems
The prominent players in the autonomous BVLOS drone market have adopted key strategies of product launches, contracts, mergers, and acquisitions to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion, among others. Also, the funding scenario in the drone market is quite noteworthy. Most of the funding is likely to come from sources such as seed money from the public sectors, investors, and companies with adequate cash reserves that are committed to drive the market and are willing to invest. Numerous investments have taken place in the recent past in the drone space, which shows a significant degree of interest of industry leaders in this market.
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