According to market studies, the global commercial drone market size, which includes BVLOS drones, is expected to exceed USD 129.23 billion by 2025. BVLOS drones are expected to contribute significantly to this growth due to their extended operational capabilities.
Major driving factors for the market growth include technological advancements in drone technologies, relaxed regulations in certain countries, and an increasing number of use-cases where BVLOS operations provide superior efficiency and effectiveness. Industries such as agriculture, oil and gas, power and utilities are extensively adopting BVLOS drone technology for functions like precision agriculture, infrastructure inspection, surveillance, and mapping.
Despite its potential, the BVLOS drone market also faces challenges, including stringent regulatory standards, need for advanced sense-and-avoid systems, and concerns over data privacy and security.