The Autonomous BVLOS Drones Market size is estimated at USD 1.06 billion in 2024, and is expected to reach USD 3.03 billion by 2029, growing at a CAGR of 23.26% during the forecast period (2024-2029).
The autonomous BVLOS drone market is fragmented in nature, with various players holding significant shares in the market. Some prominent market players are Airbus SE, AeroVironment, Inc., Elbit Systems Ltd., General Atomics, and The Boeing Company, amongst others.
The key players in the market are focusing on the development of the advanced autonomous BVLOS market with advanced capabilities in order to further improve its beyond-line-of-sight capabilities. Growing expenditure on research and development towards manufacturing advanced autonomous BVLOS drone systems for both the military and commercial sectors will lead to creating better opportunities soon. Moreover, various manufacturers are now integrating technologies, like advanced Lidar sensors as well as terrain mapping, and this is expected to support the growth of the autonomous BVLOS drone market during the forecast period.
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