By Type (Multi Rotor and Fixed Wing), By Services (End-to-End Solution, Point Solution), By End User (Power Vertical, Renewable Vertical), By Application (Real-time Monitoring, Risk Identification & M Read more
By Type (Multi Rotor and Fixed Wing), By Services (End-to-End Solution, Point Solution), By End User (Power Vertical, Renewable Vertical), By Application (Real-time Monitoring, Risk Identification & Management, Asset Management, Predictive Maintenance, and Others), By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific), By Country (US, Canada, Mexico, Brazil, Argentina, Germany, Italy, UK, France, Russia, Saudi-Arabia, UAE, South Africa, China, India, Australia and Japan), By Company
Aerospace & Defense
A utility drone is an aerial vehicle with an in-built camera facility used predominantly in the utility sectors such as power, water, sewage services, hydro-electricity power generation dams, oil and natural gas, and renewable energy. A utility drone provides better surveillance, inspection, and improved maintenance services to the power generation and distribution facilities across the globe. The evident inefficiency of manual inspection and monitoring in the utility sectors has been leading to a rise in the demand for utility drones in the power and resource sectors.
Historical Data: 2015-19
Base Year: 2019
Forecast Period: 2020-25
Middle East & Africa
Improvement in operations on an account of the accuracy, time effectiveness, cost-saving benefits, lower chances of hazards and losses through advance forecasting and data analysis, and relative affordability of drone technology are some of the essential benefits for the machinists and workers engaged in the energy sector.
According to MarkNtel Advisors’ research report titled “Global Utility Drone Market Analysis, 2020”, the utility drone market is anticipated to rise at a CAGR of around 29% during 2020-25 owing to the safety and operational efficiency benefits and advanced applications in the power and resource sector. The operators in the utility sector are using the drone as a viable substitute for manned helicopters, as a UAV reduces the risk of employee exposure to the hazardous and remote locations.
Moreover, certain key features of technological advancements in drones such as integration of UAV with Geographic Information System (GIS) systems and assessment of advance data tools such as Light Detection and Ranging (LiDAR), multispectral, and other payloads are anticipated to drive the market for utility drones in the upcoming years.
Compact Size and High Performance are Contributing to the Dominance of Multi-Rotor Drone
Based on the type of utility drone, the market is segmented into two categories- Multi-Rotor and the Fixed Wings. Among them, the Multi-Rotor utility drone experienced the maximum demand in 2019. Low costs and easy availability of the product are some of the major reasons behind the dominance of the product in the market. The Multi-Rotor drone is also the most preferable option for the film-making and aerial photography and surveillance, as stated in the MarkNtel Advisors research report “Global Utility Drone Market Analysis, 2020”. The small size, -advanced flying capabilities, and easy control features make it a superior choice among professionals.
According to MarkNtel Advisors, the list of leading competitors in Global Utility Drone market includes Sky-Futures Ltd., Precision Hawk, Terra Drone, ABJ Drones, Aerodyne, Cyberhawk, Aerodyne, etc.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Utility Drone Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Utility Drone Market?
Who are the key competitors or market players and how they perform in Global Utility Drone Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Utility Drone Market study?
Market Outlook, Segmentation and Statistics
Market Potential & Outlook
Market Segmentation & Outlook
By Product Type
By End User
Risk Identification & Management
Middle East & Africa
Strategic Factorial Indexing
Competitor Placement in Markntel Quadrant
Global Utility Drone Market Policies, Regulations, Application Standards
Global Utility Drone Market Hotspot and Opportunities
Global Utility Drone Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Utility Drone Market during 2020-25?
A. The market size of Global Utility Drone Market during 2020-25 is forecast to be around 29%.
Q. Which type of Utility Drone would grab the highest market share during 2020-25?
A. It is forecast that the Multi-Rotor utility dronew ill dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Utility Drone Market?
A. Sky-Futures Ltd., Precision Hawk, Terra Drone, ABJ Drones, Aerodyne, Cyberhawk, Aerodyne are few of the leading players in the Global Utility Drone Market.
Q. Does the report scope cover Global Utility Drone type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Utility Drone type and region wise statistics such as market size, market segmentation based on various subcategories.
1.1. Research Process
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Utility Drone Market Outlook, 2015-2025F
4.1. Market Potential & Outlook
4.1.1. By Revenues
4.2. Market Segmentation & Outlook
4.2.1. By Product Type
22.214.171.124. Multi Rotor
126.96.36.199. Fixed Wing
4.2.2. By Services
188.8.131.52. End-to-End Solution
184.108.40.206. Point Solution
4.2.3. By End User
220.127.116.11. Power Vertical
18.104.22.168.1. Power Generation
22.214.171.124.2. Power Transmission
126.96.36.199. Renewable Vertical
4.2.4. By Application
188.8.131.52. Real-time Monitoring
184.108.40.206. Risk Identification & Management
220.127.116.11. Asset Management
18.104.22.168. Predictive Maintenance
4.2.5. By Region
22.214.171.124. North America
126.96.36.199. South America
188.8.131.52. Middle East & Africa
4.2.6. By Company
184.108.40.206. Revenue Shares
220.127.116.11. Strategic Factorial Indexing
18.104.22.168. Competitor Placement in Markntel Quadrant
5. North America Utility Drone Market Outlook, 2015-2025F
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
5.3. The US Utility Drone Market Outlook, 2015-2025F