Global Cellular Connected Drone Market Size To Exceed USD 8.80 Billion By 2033 | CAGR of 22.46%
Category: Aerospace & DefenseGlobal Cellular Connected Drone Market Size To Exceed USD 8.80 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Cellular Connected Drone Market Size is Expected to Grow from USD 1.16 Billion in 2023 to USD 8.80 Billion by 2033, at a CAGR of 22.46% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 233 pages with 130 Market data tables and figures & charts from the report on the "Global Cellular Connected Drone Market Size, Share, and COVID-19 Impact Analysis By Type (Fixed-Wing, Rotary-Wing, and Hybrid), By Application (Agriculture, Delivery and Logistics, Surveillance and Inspection, Mapping and Surveying, and Others), By End-User (Commercial, Military, and Consumer), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/cellular-connected-drone-market
The cellular-connected drone market refers to a drone that utilizes mobile networks (4G/5G) for long-distance, seamless communication and real-time data transfer. Unlike conventional drones, it facilitates Beyond Visual Line of Sight (BVLOS) operations, live video streaming, and cloud connectivity, making it extremely efficient for uses such as surveillance, mapping, delivery, and infrastructure inspection over large or distant areas. The increased operational efficiency and cost savings across different industries. Increased demand for aerial surveillance across defense and security uses. Technological advances in batteries and drone endurance translate into longer operation durations. The growth of 5G networks enables more efficient drone connectivity and performance. Furthermore, the model comes with not just 4G LTE connectivity, but also numerous other powerful features such as advanced data encryption for storage and transmission, a 48-megapixel camera that can shoot 4K ultra high-definition video, and omnidirectional obstacle-avoidance technology to smartly avoid obstacles in all directions. However, regulatory and airspace management matters impact the operation of drones. Privacy and data security issues related to drone use. Additionally, steep upfront costs for cellular-connected drone systems. Difficulty in incorporating drones into existing logistics and supply chain infrastructure.
The rotary-wing accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on type, the cellular-connected drone market is segmented into fixed-wing, rotary-wing, and hybrid. Among these, the rotary-wing segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the capability to hover and move through confined spaces, making rotary-wing drones perfect for urban environments and complex operational terrain.
The surveillance and inspection segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on application, the global cellular-connected drone market is divided into agriculture, delivery and logistics, surveillance and inspection, mapping and surveying, and others. Among these, the surveillance and inspection segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the extensive application in public safety, border patrol, traffic surveillance, and industrial facility security, whereas inspection is essential for pipelines, power lines, telecommunication towers, and wind turbines sectors.
The commercial segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on end-user, the global cellular-connected drone market is categorized into commercial, military, and consumer. Among these, the commercial segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the higher investment in drone technology by commercial players, and the creation of unique use cases is driving the development of this sector.
North America is expected to hold the majority share of the global cellular-connected drone market during the forecast period.
Get more details on this report -
North America is expected to hold the majority share of the global cellular-connected drone market during the forecast period. North America dominates the having a well-developed regulatory framework, as well as the accelerated deployment of 5G networks, further accelerates the development of the market in this region. The North American market is anticipated to maintain its leadership.
Asia-Pacific is anticipated to grow at the fastest pace in the global cellular-connected drone market during the forecast period. The market is driven by the rising applications of drones in agriculture, manufacturing, and logistics sectors. Moreover, countries such as China, Japan, and South Korea are leading the 5G deployment efforts, creating a robust base for the adoption of 5 G-connected drones.
Major vendors in the global cellular connected drone market include DJI, Parrot SA, 3D Robotics Inc., AeroVironment Inc., Insitu Inc., Intel Corporation, AT&T Inc., Vodafone Group Plc, China Mobile Limited, Telefonica S.A., Ericsson AB, Nokia Corporation, Thales Group, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
In May 2020, Auterion, the software platform provider of choice for enterprise and government drones based on open-source technology, launched Skynode, a groundbreaking reference design for a fully integrated and connected family of drone avionics modules.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the cellular-connected drone market based on the below-mentioned segments:
Global Cellular Connected Drone Market, By Type
- Fixed-Wing
- Rotary-Wing
- Hybrid
Global Cellular Connected Drone Market, By Application
- Agriculture
- Delivery and Logistics
- Surveillance and Inspection
- Mapping and Surveying
- Others
Global Cellular Connected Drone Market, By End-User
- Commercial
- Military
- Consumer
Global Cellular Connected Drone Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?