Report Description Table Of Content Research Methodology Download Free Sample

Market Snapshot

CAGR:8.16

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.16

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Download Sample Pdf

Report Overview

The Oil and Gas Drones Market is poised for substantial growth, with an estimated CAGR of 4.35% between 2022 and 2032. The market size is projected to increase by approximately USD 17,079.64 million. The growth of this market depends on several factors, including the increasing adoption of drone technology in the oil and gas industry, the need for cost-effective and efficient inspection and monitoring of facilities, and the demand for improved safety and environmental compliance.

Oil and Gas Drones Market Overview:

Drivers:

One of the key drivers of the Oil and Gas Drones Market is the growing adoption of drone technology in the oil and gas industry. Drones are increasingly used for various applications in the sector, including facility inspections, pipeline monitoring, and environmental assessments. Their ability to access remote and hazardous areas without risking human lives makes them indispensable for the industry.

Moreover, the need for cost-effective and efficient inspection and monitoring of facilities drives market growth. Drones equipped with advanced sensors and cameras can provide real-time data on equipment health, structural integrity, and operational performance, reducing downtime and maintenance costs.

Trends:

A notable trend in the Oil and Gas Drones Market is the integration of Artificial Intelligence (AI) and Machine Learning (ML) capabilities. AI-powered drones can analyze vast amounts of data collected during inspections to detect anomalies and predict potential equipment failures. This proactive approach to maintenance enhances operational efficiency and reduces downtime.

Another trend is the use of drones for environmental compliance and sustainability efforts. Drones equipped with environmental sensors can monitor emissions, detect leaks, and assess ecological impact, helping companies adhere to regulatory standards and minimize their environmental footprint.

Restraints:

One of the challenges facing the Oil and Gas Drones Market is the complexity of integrating drone technology into existing operations. Companies must invest in training and infrastructure to effectively deploy and manage drone fleets. Additionally, regulatory compliance and airspace restrictions can hinder the full-scale implementation of drone technology in the industry.

Furthermore, data security and privacy concerns are restraints. Drones capture sensitive data during inspections and monitoring, raising cybersecurity risks. Ensuring the protection of data and compliance with privacy regulations is crucial.

Oil and Gas Drones Market Segmentation By Application:

The Facility Inspection segment is expected to witness significant growth during the forecast period. Drones are utilized for inspecting oil rigs, refineries, pipelines, and storage tanks. They can access hard-to-reach areas and capture high-resolution images and video for detailed assessments, reducing the need for manual inspections and enhancing safety.

Moreover, the Pipeline Monitoring segment is poised for growth. Drones equipped with specialized sensors can detect leaks, corrosion, and structural defects in pipelines. This proactive approach to monitoring reduces the risk of environmental incidents and costly repairs.

Oil and Gas Drones Market Segmentation By Type:

The Fixed-Wing Drones segment is projected to experience substantial growth. Fixed-wing drones offer longer flight times and can cover large areas efficiently. They are well-suited for aerial surveys, mapping, and long-distance inspections, making them valuable assets in the oil and gas industry.

Conversely, the Multi-Rotor Drones segment remains relevant, especially for tasks that require hovering capabilities and precise maneuvering. These drones are commonly used for close-up inspections and monitoring in confined spaces.

Regional Overview:

Download the report summary now!
Request pdf Sample

North America is anticipated to be a significant market for Oil and Gas Drones. The region's vast oil and gas infrastructure, technological advancements, and regulatory support for drone usage drive market growth. The United States, in particular, has a robust market due to its extensive shale oil and gas operations.

The Middle East and Africa (MEA) is another important region, with countries like Saudi Arabia and the United Arab Emirates investing in drone technology for oil and gas applications. MEA's large oil reserves and ongoing infrastructure development projects contribute to the demand for drone solutions.

Impact of COVID-19:

The COVID-19 pandemic accelerated the adoption of drone technology in the oil and gas industry. With travel restrictions and safety concerns limiting on-site inspections, companies turned to drones for remote monitoring and maintenance. This trend is expected to continue, driving market growth.

Oil and Gas Drones Market Customer Landscape:

The Oil and Gas Drones Market serves a diverse customer base, including oil and gas companies, service providers, inspection firms, and environmental agencies seeking to enhance operational efficiency, safety, and compliance.

Major Oil and Gas Drones Market Companies:

Leading companies in the market continually innovate to provide comprehensive and reliable drone solutions. Major market players include:

DJI Technology Co., Ltd.
Parrot SA
senseFly SA
Intel Corporation
PrecisionHawk, Inc.
Cyberhawk Innovations Ltd.
Airobotics Ltd.
Percepto Ltd.
Delair Tech SAS
Honeywell International Inc.

These companies offer a range of drone platforms, software, and services tailored to the specific needs of the oil and gas sector.

Segment Overview:

The Oil and Gas Drones Market report provides revenue forecasts at the global, regional, and country levels, along with an analysis of the latest trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Facility Inspection
Pipeline Monitoring
Environmental Assessment
Exploration and Surveillance
Others

Type Outlook (USD Million, 2019 - 2032):

Fixed-Wing Drones
Multi-Rotor Drones
Hybrid Drones

Geography Outlook (USD Million, 2019 - 2032):

North America

The U.S.
Canada

Europe

U.K.
Germany
France

Middle East & Africa

Saudi Arabia
United Arab Emirates

Asia-Pacific

China
Australia

South America

Brazil
Argentina

TABLE OF CONTENTS: GLOBAL Europe oil and gas drones 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. Europe oil and gas drones MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Europe oil and gas drones 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. Europe oil and gas drones Of Suppliers

4.5.2. Europe oil and gas drones Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Europe oil and gas drones MARKET BY type landscape

SIGHTS & TRENDS

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

5.2 Type 1

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 Type 2

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 Type 3

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. Europe oil and gas drones MARKET BY End user INSIGHTS & TRENDS

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

6.2 End user 1

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 End user 2

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 End user 3

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. Europe oil and gas drones MARKET REGIONAL OUTLOOK

7.1. Europe oil and gas drones Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027 (USD Million)

7.2.2. North America Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Europe oil and gas drones Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Europe oil and gas drones Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Europe oil and gas drones Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Europe oil and gas drones Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Europe oil and gas drones Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Europe oil and gas drones 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

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Airobotics Ltd

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Terra Drone Corporation

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Sky-Futures Limited

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Viper Drones

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

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.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Request for Special Pricing

Personalized Business Report Tailored to Your Requirements

Our expert analysts collaborate directly with you to comprehend your specific needs.
Get data on regions, segments, competitors, and vendors of your choice.
Information is presented in alignment with your exact preferences and formatting.

Request for customization

Ask For Discount

Free Sample Report

"Find new revenue generation opportunities"

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