Market Definition
A utility drone is an aerial vehicle with an in-built camera used predominantly in the utility sector, such as power, water, sewage services, hydro-electricity power generation dams, oil & natural gas, and renewable energy. A utility drone provides better surveillance, inspection, and improved maintenance services to power generation & distribution facilities. With the time & cost-efficiency, along with the ease of reachability in inaccessible & hazardous locations, utility drones have been witnessing significantly rising applications across different verticals worldwide over the previous few years.
Market Insights
The Global Utility Drone Market is projected to grow at a CAGR of around 36.22% during the forecast period 2021-26. The growth of the market is likely to be driven primarily by the mounting need for reducing outages associated with power infrastructures, coupled with enhancing the cost & time efficiency in asset management and reachability at hazardous locations. The commercial use of drones is anticipated to display an exponential rise in the coming years, as numerous start-ups are emerging across developing economies.
Drones, an asset management tool, help eliminate problems like power outages that impact the reliability of transmission systems, especially in countries where energy prices are high. The burgeoning adoption of drones worldwide has enabled utility companies to reach difficult locations, gather detailed insights, and solve issues by improved monitoring & minimized downtime. Moreover, the constant digital transformation in the utility sector shall further enhance the adoption rate of drones in the coming years since they minimize the need for human presence on-site and are highly useful for monitoring & maintenance operations.
However, stringent regulations set by the Federal Aviation Administration (FAA) that limit the usage of drones might act as a prominent growth restraint for the Global Utility Drone Market during 2021-26. These norms restrict long-distance drone operations & in situations like Beyond Visual Line-Of-Sight (BVLOS). Moreover, utility companies have not utilized drone services to the fullest for enhancing the efficiency of infrastructural inspection & disaster recovery. As a result, these aspects are expected to hinder the demand for utility drones and negatively impact the global market in the coming years.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR(2021-26) | 36.22% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, France, Italy UK, Russia | |
| Asia-Pacific: China, India, Japan, Australia and Others | |
| South America: Brazil, and Argentina | |
| Middle East & Africa: Saudi Arabia, UAE, South Africa and Others | |
| Key Companies Profiled | Asset Drone, Cyberhawk, ABJ Drones, Terra Drone, Measure, Sharper Shape, SkyScape, ULC Robotics, Sky-Futures, PrecisionHawk) |
| Unit Denominations | USD Million/Billion |
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Utility Drone Market Outlook, 2016-2026F
4.1. Market Potential & Outlook
4.1.1. By Revenues
4.2. Market Segmentation & Outlook
4.2.1. By Type
4.2.1.1. Multi Rotor
4.2.1.2. Fixed Wing
4.2.2. By Services
4.2.2.1. End-to-End Solution
4.2.2.2. Point Solution
4.2.3. By End User
4.2.3.1. Power Vertical
4.2.3.1.1. Power Generation
4.2.3.1.2. Power Transmission
4.2.3.2. Renewable Vertical
4.2.3.2.1. Wind
4.2.3.2.2. Solar
4.2.4. By Application
4.2.4.1. Real-time Monitoring
4.2.4.2. Risk Identification & Management
4.2.4.3. Asset Management
4.2.4.4. Predictive Maintenance
4.2.4.5. Others
4.2.5. By Region
4.2.5.1. North America
4.2.5.2. South America
4.2.5.3. Europe
4.2.5.4. Middle East & Africa
4.2.5.5. Asia-Pacific
4.2.6. By Company
4.2.6.1. Revenue Shares
4.2.6.2. Strategic Factorial Indexing
4.2.6.3. Competitor Placement in Markntel Quadrant
5. North America Utility Drone Market Outlook, 2016-2026F
5.1. Market Potential & Outlook
5.1.1. By Revenues
5.2. Market Segmentation & Outlook
5.2.1. By Type
5.2.2. By Services
5.2.3. By End User
5.2.4. By Application
5.2.5. By Country
5.2.5.1. US
5.2.5.2. Mexico
5.2.5.3. Canada
5.3. The US Utility Drone Market Outlook, 2016-2026F
5.3.1. Market Potential & Outlook
5.3.1.1. By Revenues
5.3.2. Market Segmentation & Outlook
5.3.2.1. By Type
5.3.2.2. By Services
5.3.2.3. By End User
5.3.2.4. By Application
5.3.2.5. By Region
5.4. Canada Utility Drone Market Outlook, 2016-2026F
5.4.1. Market Potential & Outlook
5.4.1.1. By Revenues
5.4.2. Market Segmentation & Outlook
5.4.2.1. By Type
5.4.2.2. By Services
5.4.2.3. By End User
5.4.2.4. By Application
5.4.2.5. By Region
5.5. Mexico Utility Drone Market Outlook, 2016-2026F
5.5.1. Market Potential & Outlook
5.5.1.1. By Revenues
5.5.2. Market Segmentation & Outlook
5.5.2.1. By Type
5.5.2.2. By Services
5.5.2.3. By End User
5.5.2.4. By Application
5.5.2.5. By Region
6. South America Utility Drone Market Outlook, 2016-2026F
6.1. Market Potential & Outlook
6.1.1. By Revenues
6.2. Market Segmentation & Outlook
6.2.1. By Type
6.2.2. By Services
6.2.3. By End User
6.2.4. By Application
6.2.5. By Country
6.2.5.1. Brazil
6.2.5.2. Argentina
6.2.5.3. Others
6.3. Brazil Utility Drone Market Outlook, 2016-2026F
6.3.1. Market Potential & Outlook
6.3.1.1. By Revenues
6.3.2. Market Segmentation & Outlook
6.3.2.1. By Type
6.3.2.2. By Services
6.3.2.3. By End User
6.3.2.4. By Application
6.3.2.5. By Region
6.4. Argentina Utility Drone Market Outlook, 2016-2026F
6.4.1. Market Potential & Outlook
6.4.1.1. By Revenues
6.4.2. Market Segmentation & Outlook
6.4.2.1. By Type
6.4.2.2. By Services
6.4.2.3. By End User
6.4.2.4. By Application
6.4.2.5. By Region
7. Europe Utility Drone Market Outlook, 2016-2026F
7.1. Market Potential & Outlook
7.2. Market Potential & Outlook
7.2.1. By Revenues
7.3. Market Segmentation & Outlook
7.3.1. By Type
7.3.2. By Services
7.3.3. By End User
7.3.4. By Application
7.3.5. By Country
7.3.5.1. Germany
7.3.5.2. France
7.3.5.3. UK
7.3.5.4. Italy
7.3.5.5. Russia
7.3.5.6. others
7.4. Germany Utility Drone Market Outlook, 2016-2026F
7.4.1. Market Potential & Outlook
7.4.1.1. By Revenues
7.4.2. Market Segmentation & Outlook
7.4.2.1. By Type
7.4.2.2. By Services
7.4.2.3. By End User
7.4.2.4. By Application
7.4.2.5. By Region
7.5. France Utility Drone Market Outlook, 2016-2026F
7.5.1. Market Potential & Outlook
7.5.1.1. By Revenues
7.5.2. Market Segmentation & Outlook
7.5.2.1. By Type
7.5.2.2. By Services
7.5.2.3. By End User
7.5.2.4. By Application
7.5.2.5. By Region
7.6. Italy Utility Drone Market Outlook, 2016-2026F
7.6.1. Market Potential & Outlook
7.6.1.1. By Revenues
7.6.2. Market Segmentation & Outlook
7.6.2.1. By Type
7.6.2.2. By Services
7.6.2.3. By End User
7.6.2.4. By Application
7.6.2.5. By Region
7.7. The UK Utility Drone Market Outlook, 2016-2026F
7.7.1. Market Potential & Outlook
7.7.1.1. By Revenues
7.7.2. Market Segmentation & Outlook
7.7.2.1. By Type
7.7.2.2. By Services
7.7.2.3. By End User
7.7.2.4. By Application
7.7.2.5. By Region
7.8. Russia Utility Drone Market Outlook, 2016-2026F
7.8.1. Market Potential & Outlook
7.8.1.1. By Revenues
7.8.2. Market Segmentation & Outlook
7.8.2.1. By Type
7.8.2.2. By Services
7.8.2.3. By End User
7.8.2.4. By Application
7.8.2.5. By Region
8. Middle East & Africa Utility Drone Market Outlook, 2016-2026F
8.1. Market Potential & Outlook
8.1.1. By Revenues
8.2. Market Segmentation & Outlook
8.2.1. By Type
8.2.2. By Services
8.2.3. By End User
8.2.4. By Application
8.2.5. By Country
8.2.5.1. Saudi Arabia
8.2.5.2. UAE
8.2.5.3. South Africa
8.3. Saudi Arabia Utility Drone Market Outlook, 2016-2026F
8.3.1. Market Potential & Outlook
8.3.1.1. By Revenues
8.3.2. Market Segmentation & Outlook
8.3.2.1. By Type
8.3.2.2. By Services
8.3.2.3. By End User
8.3.2.4. By Application
8.3.2.5. By Region
8.4. UAE Utility Drone Market Outlook 2016-2026F
8.4.1. Market Potential & Outlook
8.4.1.1. By Revenues
8.4.2. Market Segmentation & Outlook
8.4.2.1. By Type
8.4.2.2. By Services
8.4.2.3. By End User
8.4.2.4. By Application
8.4.2.5. By Region
8.5. South Africa Utility Drone Market Outlook, 2016-2026F
8.5.1. Market Potential & Outlook
8.5.1.1. By Revenues
8.5.2. Market Segmentation & Outlook
8.5.2.1. By Type
8.5.2.2. By Services
8.5.2.3. By End User
8.5.2.4. By Application
8.5.2.5. By Region
9. Asia-Pacific Utility Drone Market Outlook, 2016-2026F
9.1. Market Potential & Outlook
9.1.1. By Revenues
9.2. Market Segmentation & Outlook
9.2.1. By Type
9.2.2. By Services
9.2.3. By End User
9.2.4. By Application
9.2.5. By Country
9.2.5.1. China
9.2.5.2. India
9.2.5.3. Australia
9.2.5.4. Japan
9.3. China Utility Drone Market Outlook, 2016-2026F
9.3.1. Market Potential & Outlook
9.3.1.1. By Revenues
9.3.2. Market Segmentation & Outlook
9.3.2.1. By Type
9.3.2.2. By Services
9.3.2.3. By End User
9.3.2.4. By Application
9.3.2.5. By Region
9.4. India Utility Drone Market Outlook, 2016-2026F
9.4.1. Market Potential & Outlook
9.4.1.1. By Revenues
9.4.2. Market Segmentation & Outlook
9.4.2.1. By Type
9.4.2.2. By Services
9.4.2.3. By End User
9.4.2.4. By Application
9.4.2.5. By Region
9.5. Australia Utility Drone Market Outlook, 2016-2026F
9.5.1. Market Potential & Outlook
9.5.1.1. By Revenues
9.5.2. Market Segmentation & Outlook
9.5.2.1. By Type
9.5.2.2. By Services
9.5.2.3. By End User
9.5.2.4. By Application
9.5.2.5. By Region
9.6. Japan Utility Drone Market Outlook, 2016-2026F
9.6.1. Market Potential & Outlook
9.6.1.1. By Revenues
9.6.2. Market Segmentation & Outlook
9.6.2.1. By Type
9.6.2.2. By Services
9.6.2.3. By End User
9.6.2.4. By Application
9.6.2.5. By Region
10. Global Utility Drone Market Policies, Regulations, Product Standards
11. Global Utility Drone Market Trends & Insights
12. Global Utility Drone Market Dynamics
12.1.Growth Drivers
12.2.Challenges
12.3.Impact Analysis
13. Global Utility Drone Market Hotspot and Opportunities
14. Global Utility Drone Market Key Strategic Imperatives for Success and Growth
15. Competitive Outlook
15.1.Competition Matrix
15.1.1. Product Portfolio
15.1.2. Brand Specialization
15.1.3. Target Markets
15.1.4. Target End Users
15.1.5. Research & Development
15.1.6. Strategic Alliances
15.1.7. Strategic Initiatives
15.2.Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
15.2.1. Asset Drone
15.2.2. Cyberhawk
15.2.3. ABJ Drones
15.2.4. Terra Drone
15.2.5. Measure
15.2.6. Sharper Shape
15.2.7. Sky Scape
15.2.8. ULC Robotics
15.2.9. Sky-Futures
15.2.10. Precisionhawk
16. Disclaimer
