A:Answer The Parrot AR Drone 2.0 is limited by the range of Wi-Fi between the drone and your phone/tablet. 200 ft is usually possible, but I might keep it within 150 ft to be safe. It will do its best to hover in place if connection is lost. If you are unable to re-establish the connection, it will just keep hovering until the battery gets too low, then it will automatically land itself. Hovering is not perfect, and it can drift a bit so don't risk going too high when you're around a lot of trees or a lake or anything else that could be hazardous to land on.
This is a great mid-range beginner drone that's easy to fly and record video with, but if you're looking for serious range or better video quality (the Parrot's is just okay) then you'll need to spend more and get something like a DJI Phantom.
There is some third-party software out there that can work in conjunction with the Parrot's optional GPS module to program a flight path where you don't need to be in range of the unit, but making this work is tricky and not for a beginner. It's also NOT supported by the company, and you assume all risks in doing this. It can produce some great video, though.