Global Cellular-Connected Drone Market to 2030 - Focus on Drone Type, Components, Applications, and End-user - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Cellular-Connected Drone Market: Focus on Drone Type, Components, Applications, and End User - Analysis & Forecast, 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The global cellular-connected drone market is expected to witness static growth during the forecast period 2023-2030, due to the rising adoption of 5G and the need for a real-time positioning system.

Cellular connected drones use the cellular network for positioning, navigation, and communication of drones. Use of cellular networks to operate a drone is a key enabler to rolling out Beyond Visual Line of Sight (BVLOS) operations at a wider scale while keeping operating costs low, using the existing network infrastructure. Cellular operated drones provide real-time situational analysis and when combined with innovative technologies such as computer vision, artificial intelligence, and IoT, it opens a new gateway for the development of completely automated drone solutions.

According to the publisher's analysis, the global cellular-connected drone market is expected to generate $592.1 million in 2023 and is estimated to grow at a CAGR of 13.58%, during 2023-2030. Asia-Pacific is expected to dominate the global market in 2019, with China acquiring the most significant market share, globally. Also, Asia-Pacific and North America are expected to have higher growth rate compared to other regions during the forecast period, 2023-2030.

Key Questions Answered in this Report:

• What are the major trends in the global cellular-connected drone market across different regions?
• Which are the players that are catering to the demand for cellular-connected drones, and how are they benchmarked against each other in different regions and countries?
• What are the factors driving the growth of the cellular drone market during the forecast period of 2023-2030?
• What are the new revenue pockets for the players operating in the drone/telecommunication industry?
• How is the market expected to shape-up in the short term (2023-2025), medium-term (2025-2027), and long term (2027-2030)?
• What are the major challenges inhibiting the growth of the global cellular-connected drone market?
• What are the major application areas anticipated to increase the demand for the cellular-connected drone market during the forecast period 2023-2030?
• What is the estimated revenue to be generated in the global cellular-connected drone market in 2023?
• Which end-user of the cellular-connected drone market (commercial, government, and consumer) is expected to dominate the market in the forecast period?
• What is the estimated revenue to be generated in the global cellular-connected drone market by end-user in 2023, and what are the estimates by 2030?
• Which cellular network provider/drone manufacturers/drone operators are expected to dominate the cellular-connected drone market in the coming years?
• What is the estimated revenue to be generated by the global cellular-connected drone market across different regions (North America, Europe, Asia-Pacific, and Rest-of-the-World) in 2023, and what are the estimates by 2030?
• Which are the key players in the global cellular-connected drone market, and what are the new strategies that are being adopted by them to dominate the industry?
• What is the competitive strength of the key leading players in the cellular-connected drone market?

Market Dynamics

Drivers

• Enabling Long-Range BVLOS Drones Operations Cost-Effectively
• Increasing Demand for Same-Day Drone Delivery
• Increasing Investments in the Developments of Smart Cities
• Introduction of 5G Technology

Challenges

• Lack of Network Coverage in Rural Areas
• Security Issues in Communication Channels

Opportunities

• New Opportunity for Telecom Service Providers in Software and Cloud Services
• Market for IoT solutions and Drone Data Analytics

Companies Mentioned

• Airbus S.A.S
• AT&T Inc.
• DroneBase
• Ehang
• Huawei Technologies Co., Ltd.
• Nokia
• T-Mobile
• Telefonica
• Terra Drone
• Verizon Communications Inc.
• Vodafone Group Plc
• XAG Drones

For more information about this report visit https://www.researchandmarkets.com/r/1m0g62