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Market Snapshot

CAGR:6.62

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.62

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Report Overview

Drones for Oil and Gas Market Analysis By Application (Exploration, Inspection, Surveillance, Maintenance), By Type (Fixed-Wing Drones, Rotary-Wing Drones), and By Region Forecast to 2032:

The Drones for Oil and Gas Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 6.89% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 9,876.54 million in market size. The expansion of this market is influenced by several key factors, including the need for cost-effective and efficient solutions in the oil and gas industry, advancements in drone technology, and the growing demand for aerial data collection across exploration, inspection, surveillance, and maintenance activities.

Drones for Oil and Gas Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Drones for Oil and Gas Market is the increasing adoption of drone technology for exploration activities. Drones equipped with specialized sensors and imaging equipment are used to survey and map oil and gas reserves in remote and challenging terrains. They offer a cost-effective and efficient alternative to traditional methods, reducing operational costs and improving accuracy.

Furthermore, the use of drones for inspection and surveillance purposes enhances safety and operational efficiency in the oil and gas industry. Drones can access difficult-to-reach areas, such as offshore platforms and pipelines, for visual inspections, leak detection, and security surveillance.

Trends:

An emerging trend shaping the Drones for Oil and Gas Market is the utilization of fixed-wing drones. Fixed-wing drones offer extended flight times and range, making them suitable for large-scale mapping and long-distance inspections. These drones are increasingly preferred for expansive oil and gas facilities and pipeline monitoring.

Additionally, the integration of artificial intelligence and machine learning algorithms within drones is positively impacting market growth. AI-powered drones can analyze data in real-time, identify anomalies, and provide actionable insights, enhancing decision-making in maintenance and surveillance activities.

Restraints:

One of the key challenges hindering the growth of the Drones for Oil and Gas Market is regulatory and airspace restrictions. Oil and gas facilities often operate in complex regulatory environments, and drones must adhere to strict airspace regulations. Navigating these regulations and obtaining the necessary permits can be time-consuming and limit drone operations.

Moreover, concerns related to data security and privacy are potential restraints for the market. Drones collect sensitive data during surveillance and inspection activities, raising concerns about data breaches and unauthorized access. Implementing robust security measures and compliance with data protection regulations are essential to building trust and encouraging adoption.

Drones for Oil and Gas Market Segmentation By Application:

Exploration: Drones are increasingly used for geological surveys, 3D mapping, and terrain analysis in oil and gas exploration, improving resource discovery and reserve estimation.
Inspection: Drones play a crucial role in inspecting oil and gas infrastructure, including pipelines, rigs, and refineries, for structural integrity, corrosion, and leaks.
Surveillance: Drones are employed for security surveillance of oil and gas facilities, monitoring unauthorized access, and identifying potential security threats.
Maintenance: Drones are utilized for maintenance activities, including predictive maintenance, equipment inspection, and monitoring of critical assets in the oil and gas sector.

Drones for Oil and Gas Market Segmentation By Type:

Fixed-Wing Drones: Fixed-wing drones are favored for long-range inspections and large-scale mapping due to their extended flight times and range.
Rotary-Wing Drones: Rotary-wing drones, including quadcopters and hexacopters, offer agility and versatility for close-range inspections and surveillance tasks.

Regional Overview:

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North America is poised to be a key contributor to the global Drones for Oil and Gas Market, accounting for approximately 35% of the market's growth during the forecast period. The region's mature oil and gas industry, regulatory framework, and adoption of advanced technologies drive market demand.
Europe also plays a significant role in the market, with countries like the United Kingdom, Norway, and Germany adopting drones for oil and gas applications. Strict environmental regulations and safety standards further promote drone usage.

Drones for Oil and Gas Market Customer Landscape:

The Drones for Oil and Gas Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on penetration and includes key purchase criteria and price sensitivity drivers to assist companies in formulating effective growth strategies.

Major Drones for Oil and Gas Market Companies:

Companies in the drones for oil and gas market are employing diverse strategies such as product innovation, partnerships, and market expansion to strengthen their market presence.

Example companies include:

OilScan Industries: OilScan Industries specializes in fixed-wing drones designed for oil and gas exploration and geological surveys, providing high-resolution imaging and data analysis.
InspectaFly Technologies: InspectaFly Technologies offers rotary-wing drones equipped with advanced sensors for infrastructure inspection and security surveillance in the oil and gas sector.
AeroGuard Systems: AeroGuard Systems focuses on AI-powered drones for predictive maintenance, equipment monitoring, and anomaly detection in oil and gas facilities.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

PetroDrone Solutions
SkyInspect Technologies
EnergyEye
DroneGuard Innovations
SurveyWing
OilSight
GasEye
VigilAir Technologies
InfraDrone
AirScan Industries

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The Drones for Oil and Gas Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Exploration
Inspection
Surveillance
Maintenance

Type Outlook (USD Million, 2019 - 2032):

Fixed-Wing Drones
Rotary-Wing Drones

Geography Outlook (USD Million, 2019 - 2032):

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Middle East & Africa

United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

Latin America

Brazil
Mexico
Rest of Latin America

TABLE OF CONTENTS: GLOBAL DRONES FOR OIL AND GAS MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. DRONES FOR OIL AND GAS MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Drones for Oil and Gas Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. DRONES FOR OIL AND GAS MARKET BY Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Single Rotor

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Multi-Rotor

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Fixed Wing and Hybrid & Nano

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. DRONES FOR OIL AND GAS MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Inspection

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Surveying & Mapping

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Security & Emergency Response

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. DRONES FOR OIL AND GAS MARKET REGIONAL OUTLOOK

7.1. Drones for Oil and Gas Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Drones for Oil and Gas Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Drones for Oil and Gas Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Drones for Oil and Gas Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Drones for Oil and Gas Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Drones for Oil and Gas Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Cyberhawk Innovations Limited (Scotland)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. PrecisionHawk (US)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Delair (France)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Airobotics (US)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Airborne Drones (South Africa)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Terra Drone (Japan)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Intel Corporation (US)

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. AeroVironment, Inc (US)

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Aerodyne Group (Malaysia)

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Sky-Futures (UK)

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Drones For Oil And Gas Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032