Utility Drones Market is expected to grow at a CAGR of 37.32% during the forecast period. The Utility Drones Market is expected to reach US$ 1594.07 Mn by 2029.Utility Drones Market Overview
The main growth driver of the global utility drones market is increasing demand for better reach & decrease in service charges at many unsafe parts of the world. The technical advancements related to improved camera quality of drones is making them the most favored choice for surveillance & inspection applications. Key oil companies are gradually adopting drones inspection & exploration actions to reduce their manufacturing costs. The easy availability to remote locations is one of the key advantages presented by drones. Thus, these are some influences that are expected to contribute in growth of the global market during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Key Developments
Key players around the world have been constantly working on one major concern faced with drone’s battery life duration. Considering that drones can be worked only for a couple of minutes, their manufacturers are trying to invent on many parameters to consent longer flight periods. On the other hand, battery makers have also been in the search to come up with advanced solutions to improve the battery life, & eventually the total flight time of drones. For example, a start-up from Massachusetts called Solid Energy Systems has been functioning on lithium metal batteries, which are anticipated to deliver twice as much power as opposed to the conservative lithium-ion batteries. By end-user, the utility drone market has been divided into power & renewable segments. The power segment is expected to hold the maximum market share in 2022. The returns of using utility drones for the power industry comprise cutting down of operation & maintenance costs; increasing awareness about the worker safety as their ability to fly in potentially hazardous areas; usage of little or no fuel; & negligible environmental impact. All these are the key influences that are driving the power end-user sector of the utility drone market over the forecast period.Utility Drones Market Working safety & Data protection
Acceptance of drone technology, by the utilities & also other industries, is increasing at a very fast pace in the forecast period. This can lead to the difficulties in handling air traffic, growing the risks of accidents & other related flying accidents. In case of malfunctioning, like loss of power or loss of signal between the pilot & the drone, the occurrences can pose major threats to the public. For utility key players, a minor failing can lead to drone’s crash. The crash onto their resources (e.g., power lines) & can lead to a disturbance in electricity supply while also strictly damaging the equipment. Since drones capture huge quantity of data, for utilities in this case, there are worries regarding the protection & safety of close data from potential hackers. Cybersecurity is one of the highest priority to drones & the related software industry. Although data hacking from drones has not been a big question, there are still probabilities of data vulnerability if drones are connected to the internet. Such cyber concerns have been overcome by some key players, like Sharper Shape, which use cloud expertise to process & maintain complex data. However, there are utility key players that still rely on old-school approaches of data protection & have not accepted modern day cloud-based solutions.Utility Drones Market Regional Analysis
North America is expected to account for major share in terms of revenue in the total market, & is anticipated to maintain its position during the forecast period. Growing usage of renewable energy resources is some of the key factors anticipated to drive development of the target market in this region. Government rules regarding usage of utility robots is an influence that could affect development of the target market in region. Asia Pacific market is expected to register high development in terms of revenue during the forecast period, followed by markets in Europe, MEA & Africa, & Latin America. Increasing adoption of innovative technologies, coupled with increasing power generation plants is a dynamic projected to fuel development of the utility drones market in Asia Pacific region.Competitive Landscape
The objective of the report is to present a comprehensive analysis of the Global Utility Drones Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes Market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global market dynamics, structure by analyzing the Market segments and project the global market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Utility Drones Market make the report investor’s guide.Utility Drones Market Report Scope: Inquire before buying
Utility Drones Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 173.12 Mn. Forecast Period 2023 to 2029 CAGR: 37.32% Market Size in 2029: US $ 1594.07 Mn. Segments Covered: by Services End to End users Point Solution by Type Multi Rotor Fixed Wing by End User Conventional Power Renewable Energy Utility Drones Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Utility Drones Market Key Players
1. Cyberhawk Innovations Limited (Scotland) 2. PrecisionHawk (U.S) 3. Delair (France) 4. Skyscape Industries (U.S) 5. Measure (U.S) 6. Sharper Shape Inc. (U.S) 7. Sky Futures (U.K) 8. Terra Drone (Japan) 9. ABJ Drones (U.S) 10.ULC Robotics (U.S) 11.Aerodyne Group (Malaysia) 12.Asset Drone (U.S) 13.Hemav (Spain) 14.YUNEEC (U.S) 15.DJI(China) 16.YUNEEC Frequently Asked Questions: 1. Which region has the largest share in Global Utility Drones Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Utility Drones Market? Ans: The Global Utility Drones Market is growing at a CAGR of 37.32% during forecasting period 2023-2029. 3. What is scope of the Global Utility Drones Market report? Ans: Global Utility Drones Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Utility Drones Market? Ans: The important key players in the Global Utility Drones Market are – Cyberhawk Innovations Limited (Scotland), PrecisionHawk (U.S), Delair (France), Skyscape Industries (U.S), Measure (U.S), Sharper Shape Inc. (U.S), Sky Futures (U.K), Terra Drone (Japan), ABJ Drones (U.S), ULC Robotics (U.S), Aerodyne Group (Malaysia), Asset Drone (U.S), Hemav (Spain), YUNEEC (U.S), DJI(China), and YUNEEC 5. What is the study period of this Market? Ans: The Global Utility Drones Market is studied from 2022 to 2029.
Global Utility Drones Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Utility Drones Market 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Utility Drones Market and Forecast 6.1. Utility Drones Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Utility Drones Market Analysis and Forecast, By Services 7.1. Introduction and Definition 7.2. Key Findings 7.3. Utility Drones Market Value Share Analysis, By Services 7.4. Utility Drones Market Size (US$ Bn) Forecast, By Services 7.5. Utility Drones Market Analysis, By Services 7.6. Utility Drones Market Attractiveness Analysis, By Services 8. Utility Drones Market Analysis and Forecast, By Type 8.1. Introduction and Definition 8.2. Key Findings 8.3. Utility Drones Market Value Share Analysis, By Type 8.4. Utility Drones Market Size (US$ Bn) Forecast, By Type 8.5. Utility Drones Market Analysis, By Type 8.6. Utility Drones Market Attractiveness Analysis, By Type 9. Utility Drones Market Analysis and Forecast, By End User 9.1. Introduction and Definition 9.2. Key Findings 9.3. Utility Drones Market Value Share Analysis, By End User 9.4. Utility Drones Market Size (US$ Bn) Forecast, By End User 9.5. Utility Drones Market Analysis, By End User 9.6. Utility Drones Market Attractiveness Analysis, By End User 10. Utility Drones Market Analysis, By Region 10.1. Utility Drones Market Value Share Analysis, By Region 10.2. Utility Drones Market Size (US$ Bn) Forecast, By Region 10.3. Utility Drones Market Attractiveness Analysis, By Region 11. North America Utility Drones Market Analysis 11.1. Key Findings 11.2. North America Utility Drones Market Overview 11.3. North America Utility Drones Market Value Share Analysis, By Services 11.4. North America Utility Drones Market Forecast, By Services 11.4.1. End to End Solutions 11.4.2. Point Solution 11.5. North America Utility Drones Market Value Share Analysis, By Type 11.6. North America Utility Drones Market Forecast, By Type 11.6.1. Multi Rotor 11.6.2. Fixed Wing 11.7. North America Utility Drones Market Value Share Analysis, By End User 11.8. North America Utility Drones Market Forecast, By End User 11.8.1. Conventional Power 11.8.2. Renewable Energy 11.9. North America Utility Drones Market Value Share Analysis, by Country 11.10. North America Utility Drones Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Utility Drones Market Analysis, by Country 11.12. U.S. Utility Drones Market Forecast, By Services 11.12.1. End to End Solutions 11.12.2. Point Solution 11.13. U.S. Utility Drones Market Forecast, By Type 11.13.1. Multi Rotor 11.13.2. Fixed Wing 11.14. U.S. Utility Drones Market Forecast, By End User 11.14.1. Conventional Power 11.14.2. Renewable Energy 11.15. Canada Utility Drones Market Forecast, By Services 11.15.1. End to End Solutions 11.15.2. Point Solution 11.16. Canada Utility Drones Market Forecast, By Type 11.16.1. Multi Rotor 11.16.2. Fixed Wing 11.17. Canada Utility Drones Market Forecast, By End User 11.17.1. Conventional Power 11.17.2. Renewable Energy 11.18. North America Utility Drones Market Attractiveness Analysis 11.18.1. By Services 11.18.2. By Type 11.18.3. By End User 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Utility Drones Market Analysis 12.1. Key Findings 12.2. Europe Utility Drones Market Overview 12.3. Europe Utility Drones Market Value Share Analysis, By Services 12.3.1. End to End Solutions 12.3.2. Point Solution 12.4. Europe Utility Drones Market Value Share Analysis, By Type 12.5. Europe Utility Drones Market Forecast, By Type 12.5.1. Multi Rotor 12.5.2. Fixed Wing 12.6. Europe Utility Drones Market Value Share Analysis, By End User 12.7. Europe Utility Drones Market Forecast, By End User 12.7.1. Conventional Power 12.7.2. Renewable Energy 12.8. Europe Utility Drones Market Value Share Analysis, by Country 12.9. Europe Utility Drones Market Forecast, by Country 12.9.1. Germany 12.9.2. U.K. 12.9.3. France 12.9.4. Italy 12.9.5. Spain 12.9.6. Rest of Europe 12.10. Europe Utility Drones Market Analysis, by Country 12.11. Germany Utility Drones Market Forecast, By Services 12.11.1. End to End Solutions 12.11.2. Point Solution 12.12. Germany Utility Drones Market Forecast, By Type 12.12.1. Multi Rotor 12.12.2. Fixed Wing 12.13. Germany Utility Drones Market Forecast, By End User 12.13.1. Conventional Power 12.13.2. Renewable Energy 12.14. U.K. Utility Drones Market Forecast, By Services 12.14.1. End to End Solutions 12.14.2. Point Solution 12.15. U.K. Utility Drones Market Forecast, By Type 12.15.1. Multi Rotor 12.15.2. Fixed Wing 12.16. U.K. Utility Drones Market Forecast, By End User 12.16.1. Conventional Power 12.16.2. Renewable Energy 12.17. France Utility Drones Market Forecast, By Services 12.17.1. End to End Solutions 12.17.2. Point Solution 12.18. France Utility Drones Market Forecast, By Type 12.18.1. Multi Rotor 12.18.2. Fixed Wing 12.19. France Utility Drones Market Forecast, By End User 12.19.1. Conventional Power 12.19.2. Renewable Energy 12.20. Italy Utility Drones Market Forecast, By Services 12.20.1. End to End Solutions 12.20.2. Point Solution 12.21. Italy Utility Drones Market Forecast, By Type 12.21.1. Multi Rotor 12.21.2. Fixed Wing 12.22. Italy Utility Drones Market Forecast, By End User 12.22.1. Conventional Power 12.22.2. Renewable Energy 12.23. Spain Utility Drones Market Forecast, By Services 12.23.1. End to End Solutions 12.23.2. Point Solution 12.24. Spain Utility Drones Market Forecast, By Type 12.24.1. Multi Rotor 12.24.2. Fixed Wing 12.25. Spain Utility Drones Market Forecast, By End User 12.25.1. Conventional Power 12.25.2. Renewable Energy 12.26. Rest of Europe Utility Drones Market Forecast, By Services 12.26.1. End to End Solutions 12.26.2. Point Solution 12.27. Rest of Europe Utility Drones Market Forecast, By Type 12.27.1. Multi Rotor 12.27.2. Fixed Wing 12.28. Rest Of Europe Utility Drones Market Forecast, By End User 12.28.1. Conventional Power 12.28.2. Renewable Energy 12.29. Europe Utility Drones Market Attractiveness Analysis 12.29.1. By Services 12.29.2. By Type 12.29.3. By End User 12.30. PEST Analysis 12.31. Key Trends 12.32. Key Developments 13. Asia Pacific Utility Drones Market Analysis 13.1. Key Findings 13.2. Asia Pacific Utility Drones Market Overview 13.3. Asia Pacific Utility Drones Market Value Share Analysis, By Services 13.4. Asia Pacific Utility Drones Market Forecast, By Services 13.4.1. End to End Solutions 13.4.2. Point Solution 13.5. Asia Pacific Utility Drones Market Value Share Analysis, By Type 13.6. Asia Pacific Utility Drones Market Forecast, By Type 13.6.1. Multi Rotor 13.6.2. Fixed Wing 13.7. Asia Pacific Utility Drones Market Value Share Analysis, By End User 13.8. Asia Pacific Utility Drones Market Forecast, By End User 13.8.1. Conventional Power 13.8.2. Renewable Energy 13.9. Asia Pacific Utility Drones Market Value Share Analysis, by Country 13.10. Asia Pacific Utility Drones Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Utility Drones Market Analysis, by Country 13.12. China Utility Drones Market Forecast, By Services 13.12.1. End to End Solutions 13.12.2. Point Solution 13.13. China Utility Drones Market Forecast, By Type 13.13.1. Multi Rotor 13.13.2. Fixed Wing 13.14. China Utility Drones Market Forecast, By End User 13.14.1. Conventional Power 13.14.2. Renewable Energy 13.15. India Utility Drones Market Forecast, By Services 13.15.1. End to End Solutions 13.15.2. Point Solution 13.16. India Utility Drones Market Forecast, By Type 13.16.1. Multi Rotor 13.16.2. Fixed Wing 13.17. India Utility Drones Market Forecast, By End User 13.17.1. Conventional Power 13.17.2. Renewable Energy 13.18. Japan Utility Drones Market Forecast, By Services 13.18.1. End to End Solutions 13.18.2. Point Solution 13.19. Japan Utility Drones Market Forecast, By Type 13.19.1. Multi Rotor 13.19.2. Fixed Wing 13.20. Japan Utility Drones Market Forecast, By End User 13.20.1. Conventional Power 13.20.2. Renewable Energy 13.21. ASEAN Utility Drones Market Forecast, By Services 13.21.1. End to End Solutions 13.21.2. Point Solution 13.22. ASEAN Utility Drones Market Forecast, By Type 13.22.1. Multi Rotor 13.22.2. Fixed Wing 13.23. ASEAN Utility Drones Market Forecast, By End User 13.23.1. Conventional Power 13.23.2. Renewable Energy 13.24. Rest of Asia Pacific Utility Drones Market Forecast, By Services 13.24.1. End to End Solutions 13.24.2. Point Solution 13.25. Rest of Asia Pacific Utility Drones Market Forecast, By Type 13.25.1. Multi Rotor 13.25.2. Fixed Wing 13.26. Rest of Asia Pacific Utility Drones Market Forecast, By End User 13.26.1. Conventional Power 13.26.2. Renewable Energy 13.27. Asia Pacific Utility Drones Market Attractiveness Analysis 13.27.1. By Services 13.27.2. By Type 13.27.3. By End User 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa Utility Drones Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Utility Drones Market Overview 14.3. Middle East & Africa Utility Drones Market Value Share Analysis, By Services 14.4. Middle East & Africa Utility Drones Market Forecast, By Services 14.4.1. End to End Solutions 14.4.2. Point Solution 14.5. Middle East & Africa Utility Drones Market Value Share Analysis, By Type 14.6. Middle East & Africa Utility Drones Market Forecast, By Type 14.6.1. Multi Rotor 14.6.2. Fixed Wing 14.7. Middle East & Africa Utility Drones Market Value Share Analysis, By End User 14.8. Middle East & Africa Utility Drones Market Forecast, By End User 14.8.1. Conventional Power 14.8.2. Renewable Energy 14.9. Middle East & Africa Utility Drones Market Value Share Analysis, by Country 14.10. Middle East & Africa Utility Drones Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Utility Drones Market Analysis, by Country 14.12. GCC Utility Drones Market Forecast, By Services 14.12.1. End to End Solutions 14.12.2. Point Solution 14.13. GCC Utility Drones Market Forecast, By Type 14.13.1. Multi Rotor 14.13.2. Fixed Wing 14.14. GCC Utility Drones Market Forecast, By End User 14.14.1. Conventional Power 14.14.2. Renewable Energy 14.15. South Africa Utility Drones Market Forecast, By Services 14.15.1. End to End Solutions 14.15.2. Point Solution 14.16. South Africa Utility Drones Market Forecast, By Type 14.16.1. Multi Rotor 14.16.2. Fixed Wing 14.17. South Africa Utility Drones Market Forecast, By End User 14.17.1. Conventional Power 14.17.2. Renewable Energy 14.18. Rest of Middle East & Africa Utility Drones Market Forecast, By Services 14.18.1. End to End Solutions 14.18.2. Point Solution 14.19. Rest of Middle East & Africa Utility Drones Market Forecast, By Type 14.19.1. Multi Rotor 14.19.2. Fixed Wing 14.20. Middle East & Africa Utility Drones Market Forecast, By End User 14.20.1. Conventional Power 14.20.2. Renewable Energy 14.21. Middle East & Africa Utility Drones Market Attractiveness Analysis 14.21.1. By Services 14.21.2. By Type 14.21.3. By End User 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. South America Utility Drones Market Analysis 15.1. Key Findings 15.2. South America Utility Drones Market Overview 15.3. South America Utility Drones Market Value Share Analysis, By Services 15.4. South America Utility Drones Market Forecast, By Services 15.4.1. End to End Solutions 15.4.2. Point Solution 15.5. South America Utility Drones Market Value Share Analysis, By Type 15.6. South America Utility Drones Market Forecast, By Type 15.6.1. Multi Rotor 15.6.2. Fixed Wing 15.7. South America Utility Drones Market Value Share Analysis, By End User 15.8. South America Utility Drones Market Forecast, By End User 15.8.1. Conventional Power 15.8.2. Renewable Energy 15.9. South America Utility Drones Market Value Share Analysis, by Country 15.10. South America Utility Drones Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Utility Drones Market Analysis, by Country 15.12. Brazil Utility Drones Market Forecast, By Services 15.12.1. End to End Solutions 15.12.2. Point Solution 15.13. Brazil Utility Drones Market Forecast, By Type 15.13.1. Multi Rotor 15.13.2. Fixed Wing 15.14. Brazil Utility Drones Market Forecast, By End User 15.14.1. Conventional Power 15.14.2. Renewable Energy 15.15. Mexico Utility Drones Market Forecast, By Services 15.15.1. End to End Solutions 15.15.2. Point Solution 15.16. Mexico Utility Drones Market Forecast, By Type 15.16.1. Multi Rotor 15.16.2. Fixed Wing 15.17. Mexico Utility Drones Market Forecast, By End User 15.17.1. Conventional Power 15.17.2. Renewable Energy 15.18. Rest of South America Utility Drones Market Forecast, By Services 15.18.1. End to End Solutions 15.18.2. Point Solution 15.19. Rest of South America Utility Drones Market Forecast, By Type 15.19.1. Multi Rotor 15.19.2. Fixed Wing 15.20. Rest of South America Utility Drones Market Forecast, By End User 15.20.1. Conventional Power 15.20.2. Renewable Energy 15.21. South America Utility Drones Market Attractiveness Analysis 15.21.1. By Services 15.21.2. By Type 15.21.3. By End User 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A By Regions, Investment and Applications 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. Cyberhawk Innovations Limited (Scotland 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Development Footprint 16.3.2. PrecisionHawk (U.S) 16.3.3. Delair (France) 16.3.4. SkyScape Industries (U.S) 16.3.5. Measure (U.S) 16.3.6. Sharper Shape Inc. (U.S) 16.3.7. Sky Futures (U.K) 16.3.8. Terra Drone (Japan) 16.3.9. ABJ Drones (U.S) 16.3.10. ULC Robotics (U.S) 16.3.11. Aerodyne Group (Malaysia) 16.3.12. Asset Drone (U.S) 16.3.13. Hemav (Spain) 16.3.14. YUNEEC (U.S) 16.3.15. DJI (China) 16.3.16. YUNEEC Primary Key Insights