Long Range Drones Market

Long Range Drones Market Outlook (2023-2033)

The global long range drone market is set to enjoy a valuation of US$ 6,811.2 million in 2022 and further expand at a CAGR of 16.7% to reach US$ 38,307.7 million by the end of 2033.

In 2023, the global drone market is estimated to have around 7.6 million unit shipments, while the drone market is projected to grow at 15.3% CAGR. In terms of volume, long range drone will have nearly 1,833.1 thousand units demand, wherein sales of long range drone accounted for nearly 24% share of the global drone market at the end of 2022.

Report Attributes	Details
Market Size (2022A)	US$ 6,811.2 Million
Estimated Market Value (2023E)	US$ 8,176.7 Million
Forecasted Market Value (2033F)	US$ 38,307.7 Million
Global Market Growth Rate (2023-2033)	16.7% CAGR
North America Market Share (2023)	~ 28.4%
North America Market Value (US$ Mn), 2023	US$ 2,322.2 Million
Europe Market Share (%), 2023	~30.1%
Europe Market Value (US$ Mn), 2023	US$ 2,464.5 Million
China Market Share (%), 2023	~14%
China Market Value (US$ Mn), 2023	US$ 1,174.0 Million
Top 3 country Market Share (%)	~41.4%
Key Companies Profiled	3D Robotics Adani Defence & Aerospace AgEagle Aerial Systems DJI Embention FLIR Flyability General Aeronautics Guangdong Syma Model Aircraft Industrial Co. Ltd Lockheed Martin Corporation Nileworks Inc Northrop Grumman Paras Aerospace Parrot Drones SAS Percepto

Sales Analysis of Long Range Drone Market (2017-2021) Vs. Market Forecast Outlook (2023-2033)

The demand for long-area applications is driving growth in the global market for long-range drones. Drones with a long range can transport parcels, food, and other products. Long-range aerial delivery drones have a range of over 25 kilometers and can deliver goods instantly after an online purchase.

Additionally, the tech and e-commerce behemoths such as Amazon, Alphabet, Walmart, and Dominos praise drone technology as the future of delivery services capable of providing consumers with hassle-free goods delivery. Long-range drone delivery further expands the service area and allows for operation in rural areas, distant sites, and emergency relief package delivery services, among other things.

Applications for long-range drones are already common in North America. While in other parts of the world, drone use is legal in certain circumstances, including forestry, agricultural, and commercial horticultural activities.

Drones are changing culture, processes, and methods of delivery. Agriculture and e-commerce can improve delivery systems that can save time and increase long-term success by utilizing drone technology.

• Short Term (2023 Q2 to 2026): Fixed wing and rotary wing long range drone to positively impact long-range drone market growth.
• Medium Term (2025-2029): Europe and North America anticipated witnessing high long range drone high demand for smart agriculture in these regions.
• Long Term (2029-2033): Increase in the use of 30-40 min flight time long range drone will upsurge the market growth in future.

Over the 2018-2022 historical period, the global long range drone market registered a CAGR of 11.7%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 16.7% CAGR between 2023 and 2033.

Market share analysis of long range drone based on flight time and region is provided in a nutshell in the above image. Under the flight time segment, the above 45 sub-segment dominates with 36.2 % market share in 2023.

What’s Driving Demand for Long Range Drone?

“E-Commerce Transactions Lead to Demand for Long Range Drone”

The long-range drone sector has been propelled by Covid-19 and favourable rules from the governments for contactless delivery of packages and goods. The United States continues to exert significant influence on international aviation legislation, whereas regulatory agencies in Australia, China, and the United Kingdom have less restrictions on early-stage delivery drone operations.

As a result, international rules for long-distance drone delivery and logistics transit are likely to adopt American models.

The government has hastened licencing for drone delivery services around the world because to the accelerated shift to e-commerce and the increasing demand for quick medical transport as a result of COVID-19. Long range drone sales have surged as a result of this.

“Innovation Edge Technologies for Fast Charging of Drone Batteries Tends to Gather Prominence”

A drone in agriculture must work for a long time because there is a huge farm area to cover. Farmers frequently experience issues with a drone battery. Fast charging technologies are in fact the new angles that farmers or customers are expecting today, as a part of recent advancement.

After extensive research and development to reduce drone battery charging time, StoreDot's innovation of ultra-fast drone battery charging recently became the talk of the town.

With human physical assistance, these quick chargers take 5 minutes to fully charge the drone battery. Globally claimed and recognized as a new trend in the drone battery market, this high-end technology has reduced the drone charging time to 5 minutes.

Utilization of such power batteries in the long range drone is important for it to travel long distances. This increases end-user demand for long-range drones, which in turn increases supply.

What Do Long Range Drone Manufacturers Need to Watch Out for?

“Government Regulations to Hamper Market Growth”

The challenge to established trade standards posed by national security concerns and rising government protection, which have enabled stark differences in global growth over the past few decades, cannot be guaranteed any longer.

At the moment, it is country by country. For instance, if you have line of sight, have an altitude ceiling, and aren't flying too close to protected places like airports, you can fly commercially in Switzerland. Any flight above the city of Paris in France requires permission from the aviation authority. Drones cannot weigh more than 25 kg in Germany.

The market growth of drones as well as the long-range drone industry may be impacted by such rules and restrictions surrounding drone weight and operation.

Country-wise Insights

Why are China Considered to be a Major Market for Long Range Drone?

The current estimate for the China long range drone market is US$ 1,174.0 million in 2023, with a CAGR of 15.9% in the forecast period.

The variety of civil applications in the country have expanded, which has led to significant growth in the commercial drone business. Different industry sectors, including agriculture, mining, power and utilities, railways, construction, highways, delivery, and media, have made use of UAVs. In these activities, China participates significantly.

As military activities account for 70% of the global drone market, China is one of the nations with the highest military budget. China has provided almost US$ 262 million in investment for private drone firms since 2015. Because of this, the Chinese drone market is profitable which also includes the long range drones rising sales.

Why is Demand for Long Range Drone High in US?

Military operations, is a growing commercial sector, and other factors are all helping to drive up demand for long range drone in the US.

In Afghanistan in 2001, the US carried out the first drone strikes in the nation. The United States now produces numerous different types of armed drones and is a significant exporter of armed drones worldwide. As a result, the US will hold the largest market share roughly 24% in the globe in 2021.

Due to these factors, the demand for long range drone has increased over the historic period and it will reach the valuation of US$ 2,000.6 million in 2023.

Category-wise Insights

How Military and Defense Will Spur the Market Growth of Long Range Drone ?

During the COVID-19 epidemic, military and law enforcement agencies across the globe had to rely on technology. Military and law enforcement organisations employed long-range drones for surveillance, and regular people used them for fun. Long-range drone utilisation has increased as a result of these applications.

Spending on the military and defence has skyrocketed since the Russia-Ukraine conflict began. In the second year of the epidemic, global military spending reached US$ 2.1 trillion for the first time. United States, China, India, the United Kingdom, and Russia were the top five spenders in 2021. Military spending increased nominally by 6.1% in 2021.

Military spending is projected to increase even more during the 2022-2032 period. This will affect the long range drone markets positively.

How Commercial Long Range Drone are Likely to Witness an Accelerated Growth?

Countries all over the world have been able to enact helpful rules for drone equipment as a result of the increased beneficial use of drones. Additionally, the commercial sector is increasingly adopting drones, which is causing the drone industry as a whole to grow in several regions of the world. Sales of long-range drones have increased as a result of this. By the end of 2022, the commercial market for long-range drone applications is anticipated to be gain market share of 62.7%.

Long-range drones are frequently utilized for commercial use across the globe, while delivery and leisure use have grown significantly in recent years. This will increase the market growth and it will reach to valuation of US$ 5,130.0 million in 2023

Competitive Landscape

Long range drone manufacturers are 3D Robotics, Adani Defence & Aerospace, AgEagle Aerial Systems, DJI, Embention, FLIR, Flyability, General Aeronautics, Guangdong Syma Model Aircraft Industrial Co. Ltd, Lockheed Martin Corporation, Nileworks Inc, Northrop Grumman, Paras Aerospace, Parrot Drones SAS, Percepto.

Top drone long range drone producers are putting a lot of effort into continuously improving their product designs to address the issues of component placement in today's tough environments.

In the drone industry, prominent players are using a competitive price strategy. Businesses are forming beneficial alliances and working together with the public sector and end-use industries.

Market competitors are increasing the range of products they offer in response to the growing demand for contemporary accessories. Market players are seeking to broaden their geographical reach while concentrating on R&D and allocating their resources accordingly.

Fact.MR has provided detailed information about the price points of key manufacturers of long range drone positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Long Range Drone Industry Research

• By Product Type :

  • Fixed Wing
  • Rotary Wing
  • Hybrid

• By Flight Time :

  • Below 15 Min
  • 15-30 Min
  • 30-45 Min
  • Above 45 Min

• By Coverage Area :

  • below 5 Km
  • 5-10 Km
  • 10-15 Km
  • Above 15 Km

• By Drone Type :

  • Commercial
  • Military & Defense

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA