Global Utility Drones Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Utility Drones Market Report offers in-depth insights, revenue details, and other vital information regarding the global utility drones market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Utility Drones Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global utility drones market report has been segmented on the basis of type, service, application, and region.
This Utility Drones Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Utility Drones Market Overview:
“The Utility Drones Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Utility drones are unmanned aerial vehicles used in the utility industry to maintain and inspect the transmission, and distribution of electric power.
Drones are effective devices to assist in various operations.
Drones are also able to detect threats and damages in the energy grid caused by dangerous obstacles and natural disasters such as earthquakes, storms, etc. It is also used to gather data and capture images with the use of light detector and ranging (LiDAR) technology, positioning sensor, other sensors, and cameras.
Utility Drones Market Dynamics:
Utility companies spend a high amount of money on building energy distribution infrastructure. Disturbance in the electrical power supply can cause huge damages to the industries dependent upon electrical supply.
The growing need to minimize power outages is a major factor driving the growth of the global utility drones market. Drones attached with cameras and sensors help to provide information, images, and video feed in real-time.
The use of drones for surveillance and inspection is another major factor fueling the growth of the global utility drones market.
Drones make it possible to monitor complex structures and inspect facilities such as oil and gas refineries, flare stacks, and pipelines that are physically hostile and hazardous to the environment and to individuals.
The increasing use of drones in hazardous environments is a factor expected to boost the growth of the global utility drones market in the near future.
However, stringent regulations on the use of utility drones in long-distance, and beyond visual line-of-sight by the Federal Aviation Administration are a factor that may hamper the growth of the global utility drones market.
Nevertheless, the introduction of cost-effective and technologically advanced drones can create high revenue opportunities for major players operating in the global utility drones market.
Utility Drones Market Segment Analysis:
On the basis of type, the multi-rotor segment is expected to dominate the global utility drones market in terms of revenue and is anticipated to register the highest CAGR in the near future.
Utility drones provide accuracy and functionality at a low cost, which is one of the major factors driving the growth of the segment in the target market.
Utility Drones Market Regional Analysis:
The market in North America is estimated to account for a major share in terms of revenue in the global market and is expected to maintain its position over the forecast period.
The increasing use of renewable energy resources is among some of the major factors expected to drive the growth of the target market in this region.
Government regulations regarding the usage of utility robots are a factor that could affect the growth of the target market in the North American region.
The Asia Pacific market is anticipated to register high growth in terms of revenue in the near future, followed by markets in Europe, the Middle East & Africa, and Latin America.
Growing adoption of advanced technologies, coupled with growing power generation plants is a factor expected to fuel the growth of the utility drones market in the Asia Pacific.
Utility Drones Market Segmentation:
Segmentation by type:
- Fixed Wing
Segmentation by service:
- Point Solution
- End-To-End Solution
Segmentation by end-user:
- Transmission & Distribution
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cyberhawk Innovations Limited
- Delair SAS
- PrecisionHawk Inc.
- Aerodyne Research Inc.
- Asset Drone
- ABJ Drones
- Terra Drone Corporation
- Sky-Futures Ltd.
- Sharper Shape Ltd.
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