Utility Drones Market Overview
Utility Drones Market Is Anticipated To Reach USD 690.2 Million By 2030, Growing At A 30.58% CAGR From 2020 To 2030.
Utility drones are utilized for various tasks, including inspecting hydroelectric dams, building sites, and monitoring water pipe leaks. The utility drone market is anticipated to rise as a result of new innovations and discoveries made by drone manufacturers that have reduced costs and increased use of drones, as well as automated operations. Additionally, the utility drone market is anticipated to expand significantly between 2021 and 2031 due to the increased use of utility drones within the power and utility sectors in the future.
A drone is a tool for asset management and aids in resolving power transmission problems. Additionally, using utility drones can reduce the cost associated with inspection-related difficulties. It has also helped present clear pictures of the harm done to overhead power lines. The market for utility drones may expand due to all these factors. The drone market can be divided into fixed-wing and multi-rotor models based on functionality. However, the multi-rotor market has experienced significant expansion because of its affordability and accessibility.
Key Players
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).
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Market Segmentation
The divisions of the global inspection drone market are the drone type, end-use industry, operating mode, and region.
The drone market is divided into multirotor, fixed-wing, and hybrid.
The market is divided into three categories based on operation modes: semi-autonomous, remotely piloted, and completely autonomous.
The market is divided into oil & gas, building & infrastructure, utilities, agricultural, and other end-use industries.
Regional classification
The Middle East, North America, Asia Pacific, Europe, Latin America, and South Africa are the different geographic regions into which the utility drone market could be divided. Regarding revenue, North America is expected to lead the utility drone industry. The industry for utility drones throughout North America may have better growth prospects as attention is drawn to renewable energy sources. In nations like Canada and the U.S., the government’s laws and restrictions have proven beneficial for expanding the utility drone market. The utility drone market within the Asia Pacific area is anticipated to increase due to technological developments and innovations in the methods employed to fly them.
Industry news
Increasing demand for reducing transmission infrastructure outages on a global scale
Reliability is crucial, particularly in nations where energy prices are controlled. The reliability of transmission lines has been severely impacted by the serious global problem of power outages. Whenever there is an outage, power utilities are subject to penalties from regulatory agencies. The interaction of tree branches with electrical lines has significantly contributed to power outages. As an asset management tool, drones have reduced these issues to a minimum. Utility corporations spent millions of dollars examining pipelines and other hard-to-reach infrastructure. Drones, or unmanned aircraft systems, have considerably reduced the amount of downtime while also improving the surveillance of sensitive infrastructures, which has helped with these inspection difficulties.
Cost and Time Efficiency
Drones contribute to real-time imaging of an issue or damage to a utility asset, which speeds up corrective action. Utility corporations incur high costs when manned helicopters, patrol cars, and foot patrols monitor power lines and nearby vegetation. Drone inspection has drastically reduced costs by nearly half while delivering crisp, clear photographs of the harm to overhead power cables.
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