The global tethered drone market was valued at $257.30 million in 2021, and is estimated to reach $404.9 million by 2031, growing at a CAGR of 4.9% from 2022 to 2031 by Solution (Tethered Drone, Tethered Stations), by Application (Search and Rescue, Telemetry and communication, Surveillance and Protection, Commercial and Recreational), by End Use (Commercial, Military): Global Opportunity Analysis and Industry Forecast, 2021-2031
Tethered drones are a form of unmanned aerial drones that are connected to a specific base station located on the ground through a wire (tether) that is used for the operation of drone. With the help of tethers used for controlling the drone, unlimited flight time is provided to the drones, thus increasing their operational efficiency. Technological developments in tethered UAVs have opened up new possibilities for border patrols, live streaming events, temporary communication towers, low-altitude satellite surveillance and much more. Numerous developments are being carried out by the key manufacturers, which offers unlimited flight time and reliability, with the flexibility to detach the tether for range when needed. This creates an immense traction on the growth of the market across the globe.
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In addition, the tethered drone market has witnessed significant growth in recent years, owing to developments in size, weight and power (SWaP) optimized technologies, which has driven these improvements, allowing smaller man-portable systems more flexible tactical capability. For instance, in January 2022, the statewide Incident Management Assistance Patrol (IMAP) program and the Division of Aviation’s Unmanned Aircraft System (UAS) program recently helped develop and deploy the operation of tethered drones from select IMAP vehicles. This helps responders assess incidents, provide situational awareness to the North Carolina Department of Transportation (NCDOT) Statewide Transportation Operations Center (STOC) and Traffic Management centers (TMCs) and assist with overall traffic management of the incidents.
Moreover, the market has been supported by numerous drivers such as faster adoption of tethered drone in commercial sector, increased global defense expenditure and rise in demand for improved surveillance. However, the factors such as increase in competition with aerial imagery and privacy & security concerns hinders the growth of the market across the globe. Moreover, the factors such as diversifying the connectivity of tethered drones and betterment in drone technologies creates numerous opportunities for the growth of the market during the forecast period.
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COVID-19 Impact Analysis:
The tethered drone market has witnessed a moderate impact of COVID-19. While there was no major impact toward its operation as tethered drones were not grounded for a longer timeframe; however, the manufacturing industry experienced a notable business impact due to lack of resources and raw materials. Allocation of government funds toward medical sectors and management of pandemic placed several contracts of tethered drone on the commercial and military front on hold. Similarly, allocation of funds by corporates bodies toward managing bottom line of the company during the pandemic has forced them to reduce research and development funds. This may have long term business implications.
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Key Market Players :
ACECORE TECHNOLOGIES, COMSOVEREIGN, ELISTAIR INC, Fotokite, Hoverfly Technologies, Novadem, SKY-DRONES TECHNOLOGIES LTD, TELEDYNE FLIR LLC, YUNEEC HOLDING LTD.
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