Global Utility Drones Market Research Report: Information by Services (End-to-End Solution and Point Solution), Type (Multi-Rotor and Fixed Wing), End-Use [Conventional Power (Transmission & Distribution and Generation) and Renewable (Solar and Wind)] and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025
Utility Drones Market Highlights
The global utility drones market is projected to be valued at USD 630.01 Million by 2025, with 35.42% CAGR during the forecast period, 2019–2025. Utility drones are unmanned aircraft that are used in utility industries. These drones provide services such as surveying, inspection, and maintenance of power generation and transmission and distribution systems across the world. The power components that are monitored include wind turbine farms and turbine blades, solar panel arrays, distribution and transmission cell towers, cooling towers and chimney, sub-stations, power lines, and other power distribution components.
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The key players operating in the global utility drones market are Cyberhawk Innovations Limited (Scotland), PrecisionHawk (US), Delair (France), SkyScape Industries (US), Measure (US), Sharper Shape Inc. (US), Sky Futures (UK), Terra Drone (Japan), ABJ Drones (US), ULC Robotics (US), Aerodyne Group (Malaysia), Asset Drone (US), Hemav (Spain), YUNEEC (US), and DJI (China).
The global utility drones market has been segmented into five regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is expected to hold the largest market share in the global utility drones market during the forecast period. Continuous investments in power infrastructure, increasing power consumption, and subsequently increasing focus on renewable power generation are the key factors driving the growth of utility drones in the region. The US accounted the largest market share in North America. For instance, In the US, Federal Aviation Administration has passed a regulation for commercial use of drones in the power sector.
The utility drones market in Asia-Pacific is expected to be dominated by emerging economies such as China and India. Increasing private funding and investments in the development of power infrastructure, the establishment of long transmission lines, and the adoption of renewable energy sources are the primary factors that are likely to drive the utility drones market in the region.
The utility drones market in the Middle East & Africa is dominated by GCC (Gulf Cooperation Council) countries and South Africa due to the use of utility drones for media monitoring and as a traditional solution for satellites and helicopters in the UAE. However, according to a recent report by consulting firm strategy the market for drones in the Gulf Cooperation Council is expected to reach USD 1.5 billion by 2022.
The utility drones market in South America is dominated by Brazil, followed by Argentina, due to increasing expansion activities in the region. For instance, in 2018, HEMAV (Spain) approved an international expansion plan in Brazil, consolidating its presence in Peru, Ecuador, Colombia, Chile, and Argentina.
The global utility drones market has been segmented based on services, type, end use, and region. Based on services, the global market is divided into end-to-end solution and point solution. The end-to-end solution segment is expected to dominate the global market and is likely to grow with the highest CAGR. Based on type the global market is divided into multi-rotor and fixed-wing. The multi-rotor segment is expected to grow with the highest CAGR during the forecast period. Based on end use, the global market is bifurcated into conventional power and renewable.
Scope of the Report
This report provides an in-depth analysis of the global utility drones market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global utility drones market by services, type, end use, and region
Transmission & Distribution
Middle East & Africa
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