Global Autonomous Drone Market to Reach USD 56.5 Billion by 2030; Growing Defense & Military Spending to Drive the Market | Markets N Research

The global autonomous drone market is expected to grow strongly, reaching USD 56.5 billion by 2030. As per the report titled "Autonomous drone Market Size, Share & COVID-19 Impact Analysis, By Range of Flight (Less than 10km, 10km-20km, 20-km-30km and More than 30km), By Payload (Less than 300 lbs, 300-400 lbs and 400-500 lbs), By Drone Type (Consumer / Civil, Commercial and Military), By End-Use Industry (Agriculture & Forestry, Delivery & Logistics, Media & Entertainment, Construction & Mining, Oil & Gas, Security & Law Enforcement, Recreational Activity and Others), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 15.5 billion and USD 56.5 billion in 2030. The market is expected to exhibit a CAGR of 20.30% during the forecast period.

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In Cooperation With Near Earth Autonomy, The U.S. Army Tested Using Drones And Autonomous Technology

In January 2022, the United States Army tested drones and autonomous technologies for delivering medical supplies on the battlefield in cooperation with Near Earth Autonomy. The L3Harris FVR-90 hybrid unmanned aerial vehicle was used to parachute from higher altitudes or drop medical supply pods at low altitudes.

Rising Defense & Military Spending to Drive Autonomous Drone Market Growth

It is projected that the military sector will continue to dominate the market for the forecast duration. The military employs autonomous UAV drones for various tasks, such as air combat and I.S. applications. Governments, businesses, and other organizations are attempting to integrate current drones with cutting-edge technologies like artificial intelligence. In addition to the existing autonomous drone models on the market, both businesses are investing in developing additional drone models.

Issues With Autonomous Drone Security And Safety Are Limiting Market Growth

For militaries, the safety of autonomous drones during combat operations is of utmost importance. They run independently or remotely. In both situations, it is possible to hack autonomous drone flight control systems and take over the drones' operations. For instance, a Texas University team seized control of a UAV in July 2012 using GPS spoofing devices that cost just USD $1,000, interfering with the UAV's operations and causing it to deviate from its intended trajectory. Additionally, the U.S. wishes to prevent events like the 2011 Iranian capture and eventual reverse engineering of the highly classified Lockheed Martin RQ-170.

Major Players Develop Acquisition Plans to Boost Brand Image

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The leading businesses in the autonomous drone market plan acquisitions to improve their brand recognition globally. For instance, in February 2022, the Norfolk Police Constabulary in the U.K. requested Plymouth Rock Technologies (PRT) supply XV-H fixed-wing VTOL unmanned aerial systems (UAS) for BVLOS operations. The purchase was made as part of project assistance by the U.K. National Police Air Service (NPAS), which currently offers air support to 46 police forces.

Recent Developments:
July 2021: In a press statement, Percepto said that it had been chosen as one of the six vendors to serve on the ARC, or Aviation Rulemaking Committee, which will oversee the FAA's new UAS beyond visual line of sight (BVLOS) regulations. This committee's work will be significant as the globe steadily moves closer to a time of autonomous, secure, and frequent BVLOS missions.

List of Key Players Profiled in the Report
DJI
Parrot
Yuneec
3D Robotics Inc.
Go Pro
Holy Stone
Autel Robotics
Sense Fly Kesper Drone
Hexagon
Delair
Aerovironment Inc.
Lockheed Martin Cooperation
Autel Robotics
Sense Fly
Kesper Drone
Hexagon
Delair
Aerovironment Inc.
Israel Aerospace Industry Ltd.,
Microdrones GmbH

Further Report Findings
The market in North America is expected to gain a huge portion of the global autonomous drone market share in the coming years because more people are using this technology.
Many manufacturers of autonomous wireless drone charging infrastructure are also present, and awareness of charging pads and advanced drone management robots is rising.
In the Asia Pacific, the growth in this region is primarily driven by increased technological development and government spending.

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