Global Utility Drones Market Research Report

 

Global Utility Drones Market

The GMI Research forecasts that the Utility Drones Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing awareness towards the security of power supply facilities, reduced survey costs, and rising demand for renewable sources of energy.

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Introduction of the Utility Drones Market

Drone is an unmanned aerial vehicle capable of traveling varying heights and distance. It can be equipped with a variety of devices, including cameras, Global Positioning Systems (GPS), navigation systems, sensors, software and hardware. They are used for different purposes such as monitoring delivery systems; checking power lines, pipelines, solar panels and wind turbines; safe and efficient inspections; and more accurate data collection across the energy industry.

Key Players of the Global Utility Drones Market:

  • Mitsubishi Heavy Industries, Ltd.
  • Sterblue
  • SkyScape Industries
  • Sharper Shape
  • PrecisionHawk
  • ULC Robotics
  • Cyberhawk
  • Aerodyne Group
  • Delair
  • Terra Drone Corporation

Utility Drones Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The augmenting awareness towards facilities of power supply security, increasing demand for renewable energy sources, and the expansion in the power sectors are the drivers accelerating the growth of the global utility drones market. Also, growth in the usage of unmanned utility drones compared to the manned aircraft utility drones because of the better aerial utility inspections, minimized service disruption, higher quality data collection, improved safety and security, decreased survey cost will further strengthen the utility drones market share.

Also, the rising incorporation of machine learning, edge computing, and artificial intelligence with drones help quickly scan thousands of images, better upfront data collection, avoid collision through on-board collision avoidance in the utility infrastructure, which will further boost the market growth. As per the International Renewable Energy Agency (IREA), the global share of renewable energy in the power sector is predicted to rise from 25% in 2017 to 85% by 2050, largely through growth in solar and wind power generation, enhanced approaches to power system planning, and regulation and public policy. This will provide enormous growth opportunities for the market.

However, stringent norms associated with the airspace across several countries will hinder market growth. For example, the US Drone Laws, by the Federal Aviation Administration (FAA), which includes flying drones at the maximum height of 400 feet without any specific authorization, registration of drone if it weighs more than 250g; not to fly in prohibited airspace, and other regulations may curb the utility drones market size. Additionally, rising concerns about terror and illegal activities carried out by UAV and limited battery backup for being in the air may further constrain the industry

Utility Drones Market Segmentation:

Segmentation by Technology:

  • Multi Rotor
  • Fixed Wing
  • Others
Segmentation by Area of Application:
  • Power Generation
  • Renewable
  • Non-Renewable
  • Power Distribution and Transmission
Segmentation by Region:
  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
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Website: www.gmiresearch.com

 

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