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Pulished Date July, 2021
ID: 11822
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Utility Drone Market Segmented By Type (Multi-Rotor, Fixed wind),By Services(End-to-end solution, Point solution), By End-User (Power, Renewable) and Region, Size, Share, Trends and Growth Analysis Report – Forecast Period 2021-2026

Pulished: July, 2021
ID: 11822
Pages: 180

Utility Drone Market Size and Growth (2021-2026):

The utility drone market is valued at USD 85.8 million in 2021 and is determined to reach USD 538.6 million by 2026, progressing at a CAGR of 37.34% from 2021-2026

Multi rotor drones, as the name proposes, are drones that utilize different sharp edges or rotors to fly. These drones are not difficult to control and can work in a compact region. These drones are significantly utilized for airborne photography and for monitoring. Multi rotor drone due to its reduced buying cost and high efficiency in the work does has attracted more attention to the world investment. The Asia-Pacific region is the fastest-growing market for the utility drone market.c ountries such as china, japan, and south korea have shown their keen interest in the utility drone market. The motives behind these interests are to save the non-productive time of the plants, which may occur due to any default by organisms proactive for any such situations and not risking human life.

Market Trends:

Utility markets around the world are growing rapidly, enabling digital engagement channels to exceed client expectations. Thus, utility drone uses are trending in most regions attributing to the social and political pressures and technology innovations. In addition, rapid developments in renewable, distributed generation, and smart grids required by new business models and regulatory mechanisms create vast opportunities.

Recent Developments in the Utility Drone Market:

  • TerraDrone has been introduced in the South of Morocco where Western Sahara meets the shores of the Atlantic Ocean has developed and planned for a unique facility aiming to become a leader in the sustainable production of essential fisheries feed.

  • PrecisionHawk has introduced Farming operations of all sizes using drones to reduce the time and costs associated with crop data collection.

Utility Drone Market Drivers:

Drones help in providing a real-time replica of a problem/damage within the public utility credit, which ultimately simplifies the correcting measures. Deploying manned crews, vehicle patrols, along foot patrols to inspect power lines and surrounding vegetation is highly costly for utility companies.The utilization of drones for investigation has helped in fundamentally reducing down expenses to almost half while giving top caliber, definite pictures of the harm to overhead utility lines.A major reason for blackouts has been the obstruction of tree limbs with electrical cables. Drones have helped in limiting such issues by going about as a resource for the board device.Utility drones are equipped with infra-red cameras of very high resolution that can capture minute details in a power infrastructure.Rising adoption of drones to reduce cost of inspection operation and increasing focus on asset optimization are major drivers driving the market of Renewable Drones .

Utility Drone Market Restraints:

Lawful guidelines, across the globe, have obliged progress in the utility robot market. Albeit utility robots are incredibly valuable to service organizations, they have restricted opportunities inferable from the guidelines set by the Federal Aviation Administration (FAA). These guidelines, specifically, bar drone tasks in certain conditions, for example, Beyond Visual Line-Of-Sight (BVLOS), over significant distances, or around night time.

Opportunities in the Utility Drone Market:

Companies all throughout the globe have been reliably chipping away at one prime issue confronted with drones battery execution. Taking into account that drones can be worked distinctly for several minutes, their creators are trying to make do on different boundaries to permit longer flight lengths, henceforth reducing down expenses further. Then again, battery producers have additionally been in the pursuit to consider inventive answers for improving the battery life, and in the end the general flight season of drones.

Challenges in the Utility Drone Market:

Adoption of drone innovation, by the utilities and furthermore different areas, is developing at an exceptionally high speed. This can lead to issues in handling air traffic, expanding the dangers identified with impacts and other related avionics mishaps.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

37.4%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

PrecisionHawk Inc.(US), DJI Enterprise (China), Terra Drone (Japan), Aerodyne Measure (US), DroneDeploy (US), Parrot Group (France),ABJ Drones (US), DRONE VOLT Group (France), Airpix (India), Sitemark (Belgium), Skylark Drones (India)

Market Segmentation:

Utility Drone Market By Type:

  • Multi-Rotor
  • Fixed wind

The multi-rotor segment holds the largest market shares by owing to rising investments by the government bodies.

Utility Drone Market By Service:

  • End-to-end solution
  • Point solution

Utility Drone Market  By End-User :

  • Power
  • Renewable

Utility Drone Market Regional Analysis:

Theutility drone Report includes the segmentation of Regions:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

North America rules the worldwide utility drone market, seeing expanded interests in power foundation observing and the board. Also, the advanced change in utilities critical in utilizing portability, examination, cloud advances, and others proves market interest. Rising force utilization and spotlight on inexhaustible force age in the district set out critical development open doors in the market. Europe is rising as one of the quickest developing areas in the worldwide market for utility drones. The locale holds immense interest for cutting edge innovations for far off observing of utilities. Numerous European force utilities have received distant controlled flying gadgets fitted with cameras to do reviews for framework support. Moreover, huge spending plans to work on the innovation and modernization of utility framework provoke generous market interest.

The Asia Pacific utility robots market is developing at a huge rate. Factors, for example, the solid presence of drone specialist organizations, the huge shopper base of energy, and creating power areas in the district provoke immense market interest. Nations like China, Japan and India are arising as extensive business sectors for utility robots. Besides, developing advancements in utility frameworks and rising speculations to update business scale power plants across the area prove the market development. The APAC utility robots market is relied upon to enroll a critical CAGR during the conjecture time frame.

Impact Of COVID-19 On Utility Drone Market:

Since drone acquisition is an immediate advocate of the interest from end-client ventures, COVID-19 seriously affects the market in center. The continuous worldwide financial log jam is expected to bring about an ensuing decrease in the interest for drones from end-client areas like development, mining, and so forth All things considered, the interest for drones has seen a fast augmentation because of their different application portfolio. Law requirement organizations all throughout the planet have acquired robots to assist with keeping up with the social separating standards and do circumstance checking missions without gambling openness. The current guidelines and controls have restricted the brunt of the effect of the more extensive inventory network disturbance brought about by the pandemic on the significant US-based organizations. In any case, organizations situated in Asia-Pacific and South America are more defenseless against store network interruptions and are imagined to confront functional imperatives and high monetary danger openness because of inventory network bottlenecks.

The developing acknowledgment of robots organization in military activities has urged merchants to bring to the table robots that can be utilized in various business applications. Robots are additionally being embraced in different applications, incorporating web arrangement in far off places, airborne photography and video recording, review and archive natural life, and public assistance missions

Utility Drone Market Key Players:

The utility drone market  comprises companies such as

  • PrecisionHawk Inc.(US)
  • DJI Enterprise (China)
  • Terra Drone (Japan)
  • Aerodyne Measure (US)
  • DroneDeploy (US)
  • Parrot Group (France)
  • ABJ Drones (US)
  • DRONE VOLT Group (France)
  • Airpix (India)
  • Sitemark (Belgium)
  •  Skylark Drones (India)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Utility Drone  Market, By Type                           

                                6.1.1 Multi-Rotor            

                                6.1.2 Fixed wind              

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Utility Drone  Market, By Services                    

                                6.2.1 End-to-end solution            

                                6.2.2 Point solution        

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Utility Drone  Market, By End-User                  

                                6.3.1 Power       

                                6.3.2 Renewable             

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis              

                                6.3.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Services             

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Services             

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Services             

                                7.4.4 By End-User           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Services             

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Services             

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 PrecisionHawk Inc.(US)                         

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 DJI Enterprise (China)                            

                8.3 Terra Drone (Japan)                

                8.4  Aerodyne Measure (US)                      

                8.5 DroneDeploy (US)                   

                8.6 Parrot Group (France)                           

                8.7 ABJ Drones (US)                       

                8.8 DRONE VOLT Group (France)                              

                8.9 Airpix (India)                              

                8.10 Sitemark (Belgium)               

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Utility Drone Market By Region, From 2021-2026 ( USD Billion )

  2. Global Utility Drone Market By Type, From 2021-2026 ( USD Billion )

  3. Global Multi-Rotor Market By Region, From 2021-2026 ( USD Billion )

  4. Global Fixed wind Market By Region, From 2021-2026 ( USD Billion )

  5. Global Utility Drone Market By Services, From 2021-2026 ( USD Billion )

  6. Global End-to-end solution Market By Region, From 2021-2026 ( USD Billion )

  7. Global Point solution Market By Region, From 2021-2026 ( USD Billion )

  8. Global Utility Drone Market By End-User , From 2021-2026 ( USD Billion )

  9. Global Power Market By Region, From 2021-2026 ( USD Billion )

  10. Global Renewable Market By Region, From 2021-2026 ( USD Billion )

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