Utility Drone Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00126504
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  • Number of Pages: 250
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Market Snapshot

CAGR:5.98
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 5.98
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Utility Drone Market Analysis By Application (Infrastructure Inspection, Power Line Inspection, Disaster Management, Environmental Monitoring, Others), By Type (Fixed-wing Drones, Rotary-wing Drones), and By Region Forecast to 2032:

The Utility Drone Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the need for efficient and cost-effective solutions for infrastructure inspection, power line maintenance, disaster management, and environmental monitoring across various industries. Utility drones provide a technology framework that leverages unmanned aerial vehicles (UAVs) to deliver highly efficient and relevant services to utilities and industries.

Utility Drone Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Utility Drone Market is the increasing demand for infrastructure inspection and maintenance. Utility drones are capable of conducting aerial inspections of critical infrastructure such as bridges, pipelines, and communication towers, providing real-time data and identifying potential issues, thus reducing downtime and ensuring safety.

Furthermore, power line inspection is driving the market, as utility drones are used to monitor and maintain electrical transmission and distribution networks. These drones can access hard-to-reach areas and collect data on power line health, preventing outages and improving reliability.

Trends:

An emerging trend in the Utility Drone Market is the use of fixed-wing drones for long-range and endurance missions. Fixed-wing drones offer extended flight times and coverage, making them suitable for large-scale infrastructure and environmental monitoring projects.

Additionally, rotary-wing drones are gaining traction due to their versatility and maneuverability in confined spaces. These drones are employed in tasks such as disaster management, where quick and precise aerial assessments are essential for response planning.

Restraints:

One of the key challenges hindering the growth of the Utility Drone Market is regulatory and airspace restrictions. The operation of utility drones often requires compliance with aviation regulations, which can vary by region. Navigating these regulations and ensuring safe drone operations can be complex.

Privacy concerns are another potential restraint. Utility drones equipped with cameras and sensors raise privacy issues, especially in densely populated areas. Addressing these concerns through responsible data collection and privacy measures is crucial.

Utility Drone Market Segmentation By Application:

  • Infrastructure Inspection: Utility drones are used for inspecting critical infrastructure such as bridges, pipelines, and communication towers.
  • Power Line Inspection: Drones monitor and maintain electrical transmission and distribution networks, improving reliability.
  • Disaster Management: Utility drones provide aerial assessments during disasters, enabling quick response and recovery efforts.
  • Environmental Monitoring: Drones collect data on environmental conditions, supporting conservation and research efforts.

Utility Drone Market Segmentation By Type:

  • Fixed-wing Drones: Fixed-wing drones offer extended flight times and coverage, suitable for large-scale projects.
  • Rotary-wing Drones: Rotary-wing drones provide versatility and maneuverability, ideal for confined spaces and quick response tasks.

Regional Overview:


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North America is poised to be a key contributor to the global Utility Drone Market, accounting for approximately 38% of the market's growth during the forecast period. The region's developed infrastructure, regulatory framework, and adoption of drone technology in utility and industrial applications create a conducive environment for market growth.

Europe is another significant market for utility drones, with a focus on infrastructure modernization and environmental monitoring. Regulatory harmonization efforts within the European Union further promote drone adoption.

Utility Drone Market Customer Landscape:

The Utility Drone Market caters to a diverse range of customers, including utility companies, infrastructure operators, government agencies, and environmental organizations. Customer decisions are influenced by factors such as cost savings, efficiency gains, and regulatory compliance.

Major Utility Drone Market Companies:

Companies in the utility drone market are continuously innovating to provide efficient and reliable drone solutions.

Example companies include:

  1. DJI: DJI is a leading provider of drone technology for various applications, including utility and infrastructure inspection.
  2. senseFly: senseFly specializes in fixed-wing drone solutions for mapping, surveying, and inspection purposes.
  3. SkySpecs: SkySpecs focuses on providing autonomous drone solutions for wind turbine inspections and infrastructure monitoring.

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

  • Airobotics
  • AeroVironment, Inc.
  • Cyberhawk Innovations Limited
  • Delair
  • EHANG
  • FLIR Systems, Inc.
  • Parrot SA
  • PrecisionHawk Inc.
  • Quantum Systems GmbH
  • SZ DJI Technology Co., Ltd.

Qualitative and quantitative analyses of these companies help stakeholders understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their market presence, technology offerings, and project portfolios.

Segment Overview:

The Utility Drone 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):
    • Infrastructure Inspection
    • Power Line Inspection
    • Disaster Management
    • Environmental Monitoring
    • Others
  • 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
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Utility drone 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. Utility drone MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Utility drone 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. Utility drone Of Suppliers

    4.5.2. Utility drone Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Utility drone MARKET BY technology landscape

SIGHTS & TRENDS                                                               

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

5.2 Multi 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 Fixed Wing

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

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

Chapter 6. Utility drone MARKET BY Application INSIGHTS & TRENDS

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

6.2 Renewable

    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 Non-Renewable

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

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

Chapter 7. Utility drone MARKET REGIONAL OUTLOOK

7.1. Utility drone Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Utility drone Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Utility drone Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Utility drone Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Utility drone Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Utility drone Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Utility drone Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Utility drone 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 Terra Drone Corp

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 PrecisionHawk

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Delair SAS

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Aerodyne Group

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 SZ DJI Technology Co Ltd

    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.

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