Tethered Drone Market : Tethered Drone, Tethered Stations Industry Forecast, 2021-2031

The global tethered drone market size was valued at $257.3 million in 2021, and is projected to reach $404.9 million by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

Tethered drones are a form of unmanned aerial drones that are connected to a specific base station located on the ground through a wire (tether) that is used for the operation of drone. With the help of tethers used for controlling the drone, unlimited flight time is provided to the drones, thus increasing their operational efficiency.

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Technological developments in tethered UAVs have opened up new possibilities for border patrols, live streaming events, temporary communication towers, low-altitude satellite surveillance and much more. Numerous developments are being carried out by the key manufacturers, which offers unlimited flight time and reliability, with the flexibility to detach the tether for range when needed. This creates an immense traction on the growth of the market across the globe.

Moreover, with the increased demand for improved surveillance followed by the growth in threat from terrorism as well as increase in security concerns across the globe have led to increased government expenditure for tethered drones. Tethered drones can carry out stealth operations, function at nights, operate at any location, and are easy to deploy. Such benefits have led to increase in investments by governments to procure and develop a large number of tethered drones globally. For instance, in December 2020, Indian drone manufacturer Aero360 launched its tethered drones, equipped with advanced and robust technologies to reduce the challenges which are faced by government organizations and commercial businesses.

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Moreover, the market has been supported by numerous drivers such as faster adoption of tethered drone in commercial sector, increased global defense expenditure and rise in demand for improved surveillance. However, the factors such as increase in competition with aerial imagery and privacy & security concerns hinders the growth of the market across the globe. Moreover, the factors such as diversifying the connectivity of tethered drones and betterment in drone technologies creates numerous opportunities for the growth of the market during the forecast period.

COVID-19 Impact Analysis :

The tethered drone market has witnessed a moderate impact of COVID-19. While there was no major impact toward its operation as tethered drones were not grounded for a longer timeframe; however, the manufacturing industry experienced a notable business impact due to lack of resources and raw materials. Allocation of government funds toward medical sectors and management of pandemic placed several contracts of tethered drone on the commercial and military front on hold. Similarly, allocation of funds by corporates bodies toward managing bottom line of the company during the pandemic has forced them to reduce research and development funds. This may have long term business implications.

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