Key players of Utility Drones Market are Konecranes 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).
Increasing demand for decreasing outages associated to transmission & distribution infrastructure, focus on time & cost efficiency, & reachability in hazardous locations are the key factors driving the utility drone market towards the north.
On the basis of end-user, the utility drone market has been divided into power & renewable. The power segment is estimated to hold the maximum market share in 2019. The returns of using utility drones for the power industry comprise cutting down of operation & maintenance costs; increasing of 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 driving the power end-user sector of the utility drone market over the forecast period.
Acceptance of drone technology, by the utilities & also other areas, is rising at a very fast pace. This can lead to difficulties in tackling air traffic, growing the risks associated to collisions & 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 drones crashing onto their resources (e.g., power lines) & can lead to a disturbance in electricity supply while also strictly damaging the equipment.
North America is expected to account for key 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 among 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.
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