Drones In Energy Sector Market
Drones in Energy Sector Market Forecasts to 2030 - Global Analysis By Drone Type (Fixed-Wing Drones, Multi-Rotor Drones and Hybrid Drones), Power Source (Batteries, Fuel Cells and Hybrid Systems), Payloads and Sensors, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $681.5 MN |
|
Projected Year Value (2030) |
US $2139.1 MN |
|
CAGR (2024-2030) |
21% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Drones in Energy Sector Market is accounted for $681.5 million in 2024 and is expected to reach $2139.1 million by 2030 growing at a CAGR of 21% during the forecast period. Drones in the energy sector are unmanned aerial vehicles (UAVs) used for inspection, monitoring, and maintenance of energy infrastructure. They enhance efficiency by providing real-time data, high-resolution imagery, and thermal scans for assets like power lines, wind turbines, and pipelines. Drones reduce operational costs, improve safety by minimizing human involvement in hazardous tasks, and support renewable energy development through site surveys, performance analysis, and predictive maintenance applications.
According to World Economic Forum (WEF), drones could slash the costs of inspection of energy infrastructure by nearly 50%.
Market Dynamics:
Driver:
Growing demand for renewable energy
The increasing focus on renewable energy sources drives the demand for drones in the energy sector. Drones are instrumental in inspecting and maintaining solar farms, wind turbines, and other renewable energy infrastructure. They offer cost-effective, efficient, and safer alternatives to traditional inspection methods, ensuring uninterrupted operations. With global efforts to reduce carbon emissions and expand renewable energy capacity, the adoption of drones for monitoring and maintenance is expected to grow significantly, supporting the transition to sustainable energy systems.
Restraint:
High initial investment
The high initial investment required for drone deployment in the energy sector acts as a major restraint. Costs associated with purchasing advanced drones equipped with thermal imaging, LiDAR sensors, and AI capabilities can be prohibitive for small or mid-sized companies. Furthermore, training personnel and integrating drone technology into existing workflows add to operational expenses. These financial barriers can delay adoption despite the long-term cost savings and efficiency improvements drones provide.
Opportunity:
Integration with artificial intelligence
The integration of artificial intelligence (AI) presents a significant growth opportunity for drones in the energy sector. AI-powered drones can analyze vast amounts of data collected during inspections, enabling predictive maintenance and real-time decision-making. This reduces downtime and enhances operational efficiency. The use of AI also facilitates autonomous flight capabilities, allowing drones to navigate complex environments without human intervention. As industries increasingly adopt AI-driven solutions, the demand for intelligent drone systems is expected to rise.
Threat:
Data security concerns
Data security concerns pose a significant threat to the adoption of drones in the energy sector. Drones collect sensitive information during inspections, such as infrastructure vulnerabilities or operational data, which could be targeted by cyberattacks. Ensuring secure data transmission and storage requires robust cybersecurity measures, increasing operational complexity and costs. Failure to address these concerns can lead to regulatory penalties, reputational damage, and reduced trust among stakeholders.
Covid-19 Impact:
The COVID-19 pandemic accelerated the adoption of drones in the energy sector as companies sought contactless solutions for inspection and maintenance. Drones enabled remote monitoring of infrastructure during lockdowns, ensuring continuity of operations while minimizing human exposure to hazardous environments. Post-pandemic recovery efforts focused on renewable energy projects have further driven demand for drone-based solutions.
The multi-rotor drones segment is expected to be the largest during the forecast period
The multi rotor drones segment is expected to account for the largest market share during the forecast period due to their versatility and ease of maneuverability. These drones are widely used for close-range inspections of wind turbines, solar panels, and power lines. Their ability to hover in place allows detailed data collection in hard-to-reach areas. The growing demand for efficient inspection tools across renewable and traditional energy sectors ensures sustained growth for this segment.
The multispectral/hyperspectral imaging segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the multispectral/hyperspectral imaging segment is expected to witness the highest CAGR due to its advanced capabilities in detecting infrastructure anomalies. These imaging technologies provide detailed insights into material degradation, thermal performance, and vegetation encroachment around power lines or pipelines. Their application in precision monitoring aligns with increasing investments in smart energy management systems, driving rapid adoption.
Region with largest share:
The North America region is anticipated to account for the largest market share during the forecast period due to its advanced technological infrastructure and early adoption of drone technology. The presence of leading drone manufacturers and strong government support for renewable energy projects drive regional growth. Additionally, stringent safety regulations encourage energy companies to adopt drone-based inspection solutions for improved operational efficiency.
Region with highest CAGR:
The Asia Pacific region is anticipated to register the highest growth rate over the forecast period owing to rising investments in renewable energy infrastructure across countries like China and India. The region’s vast geographic landscapes and challenging terrains necessitate efficient inspection tools like drones. Government initiatives promoting clean energy projects further boost demand, making Asia-Pacific a key growth market.
Key players in the market
Some of the key players in Drones in Energy Sector Market include AeroVironment, DroneDeploy, Fortem Technologies, Scopito, Aevius, Archon, Industrial SkyWorks, Iris Unmanned, Draganfly, Cyberhawk Innovations, Martek Aviation, Mistras Group, Percepto, SEIKEY Srl, Sky-Futures, Sphere Drones, Terra Drone and Viper Drones.
Key Developments:
In May 2024, Sphere Drones is excited to announce the introduction of HubT, the next iteration of their innovative Hub solutions for farms and regional properties. The HubT system makes it easier for companies to use drones from a fixed location, without the complicated setup that was previously required.
In July 2023, Viper Drones announced the launch and immediate availability of Viper Vantage – the ultimate enterprise solution for Gas Leak detection. Using Viper Drone’s industry-leading” Viper Vantage” solution, operators can visualize and pinpoint gas leaks without shutting down operations. Viper Drones’ unique solution integrates the UAV and FLIR G300a OGI camera using a single controller for the pilot. This seamless integration allows the operator to use “Viper Vantage” for gas leak detection safely and cost-effectively.
In May 2023, Cyberhawk™, world leader in visual data management, adopts Intelligent Energy’s IE-SOAR™ fuel cells to offer customers better quality data and increased operational efficiency. IE-SOAR™ is Intelligent Energy’s range of lightweight hydrogen fuel cell modules for fixed wing, rotary wing and VTOL applications, and enables UAVs to fly further, for longer, and to achieve more. The modules are increasing operational efficiency and unlocking previously impossible applications with businesses no longer constrained by flight time. The two companies will be exhibiting together at AUVSI Xponential 2023 in Denver in May.
Drone Types Covered:
• Fixed-Wing Drones
• Multi-Rotor Drones
• Hybrid Drones (VTOL)
Power Sources Covered:
• Batteries
• Fuel Cells
• Hybrid Systems
Payloads and Sensors Covered:
• Visual Imaging
• Thermal Imaging
• LiDAR (Light Detection and Ranging)
• Gas Sensors
• Multispectral/Hyperspectral Imaging
• Corona Discharge Detection (UV Imaging)
• Acoustic Sensors
• Electromagnetic Sensors
Applications Covered:
• Inspection and Monitoring
• Surveying and Mapping
• Asset Management
• Disaster Response
• Other Applications
End Users Covered:
• Oil & Gas
• Power Generation
• Renewable Energy
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Drones in Energy Sector Market, By Drone Type
5.1 Introduction
5.2 Fixed-Wing Drones
5.3 Multi-Rotor Drones
5.4 Hybrid Drones (VTOL)
6 Global Drones in Energy Sector Market, By Power Source
6.1 Introduction
6.2 Batteries
6.3 Fuel Cells
6.4 Hybrid Systems
7 Global Drones in Energy Sector Market, By Payloads and Sensors
7.1 Introduction
7.2 Visual Imaging
7.3 Thermal Imaging
7.4 LiDAR (Light Detection and Ranging)
7.5 Gas Sensors
7.6 Multispectral/Hyperspectral Imaging
7.7 Corona Discharge Detection (UV Imaging)
7.8 Acoustic Sensors
7.9 Electromagnetic Sensors
8 Global Drones in Energy Sector Market, By Application
8.1 Introduction
8.2 Inspection and Monitoring
8.2.1 Power Lines and Towers
8.2.2 Wind Turbines
8.2.3 Solar Panels
8.2.4 Oil and Gas Pipelines
8.3 Surveying and Mapping
8.4 Asset Management
8.5 Disaster Response
8.6 Other Applications
9 Global Drones in Energy Sector Market, By End User
9.1 Introduction
9.2 Oil & Gas
9.2.1 Upstream
9.2.2 Midstream
9.2.3 Downstream
9.3 Power Generation
9.3.1 Conventional Power
9.3.2 Nuclear Power
9.4 Renewable Energy
9.4.1 Wind Energy
9.4.2 Solar Energy
10 Global Drones in Energy Sector Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 AeroVironment
12.2 DroneDeploy
12.3 Fortem Technologies
12.4 Scopito
12.5 Aevius
12.6 Archon
12.7 Industrial SkyWorks
12.8 Iris Unmanned
12.9 Draganfly
12.10 Cyberhawk Innovations
12.11 Martek Aviation
12.12 Mistras Group
12.13 Percepto
12.14 SEIKEY Srl
12.15 Sky-Futures
12.16 Sphere Drones
12.17 Terra Drone
12.18 Viper Drones
List of Tables
1 Global Drones in Energy Sector Market Outlook, By Region (2022-2030) ($MN)
2 Global Drones in Energy Sector Market Outlook, By Drone Type (2022-2030) ($MN)
3 Global Drones in Energy Sector Market Outlook, By Fixed-Wing Drones (2022-2030) ($MN)
4 Global Drones in Energy Sector Market Outlook, By Multi-Rotor Drones (2022-2030) ($MN)
5 Global Drones in Energy Sector Market Outlook, By Hybrid Drones (VTOL) (2022-2030) ($MN)
6 Global Drones in Energy Sector Market Outlook, By Power Source (2022-2030) ($MN)
7 Global Drones in Energy Sector Market Outlook, By Batteries (2022-2030) ($MN)
8 Global Drones in Energy Sector Market Outlook, By Fuel Cells (2022-2030) ($MN)
9 Global Drones in Energy Sector Market Outlook, By Hybrid Systems (2022-2030) ($MN)
10 Global Drones in Energy Sector Market Outlook, By Payloads and Sensors (2022-2030) ($MN)
11 Global Drones in Energy Sector Market Outlook, By Visual Imaging (2022-2030) ($MN)
12 Global Drones in Energy Sector Market Outlook, By Thermal Imaging (2022-2030) ($MN)
13 Global Drones in Energy Sector Market Outlook, By LiDAR (Light Detection and Ranging) (2022-2030) ($MN)
14 Global Drones in Energy Sector Market Outlook, By Gas Sensors (2022-2030) ($MN)
15 Global Drones in Energy Sector Market Outlook, By Multispectral/Hyperspectral Imaging (2022-2030) ($MN)
16 Global Drones in Energy Sector Market Outlook, By Corona Discharge Detection (UV Imaging) (2022-2030) ($MN)
17 Global Drones in Energy Sector Market Outlook, By Acoustic Sensors (2022-2030) ($MN)
18 Global Drones in Energy Sector Market Outlook, By Electromagnetic Sensors (2022-2030) ($MN)
19 Global Drones in Energy Sector Market Outlook, By Application (2022-2030) ($MN)
20 Global Drones in Energy Sector Market Outlook, By Inspection and Monitoring (2022-2030) ($MN)
21 Global Drones in Energy Sector Market Outlook, By Power Lines and Towers (2022-2030) ($MN)
22 Global Drones in Energy Sector Market Outlook, By Wind Turbines (2022-2030) ($MN)
23 Global Drones in Energy Sector Market Outlook, By Solar Panels (2022-2030) ($MN)
24 Global Drones in Energy Sector Market Outlook, By Oil and Gas Pipelines (2022-2030) ($MN)
25 Global Drones in Energy Sector Market Outlook, By Surveying and Mapping (2022-2030) ($MN)
26 Global Drones in Energy Sector Market Outlook, By Asset Management (2022-2030) ($MN)
27 Global Drones in Energy Sector Market Outlook, By Disaster Response (2022-2030) ($MN)
28 Global Drones in Energy Sector Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global Drones in Energy Sector Market Outlook, By End User (2022-2030) ($MN)
30 Global Drones in Energy Sector Market Outlook, By Oil & Gas (2022-2030) ($MN)
31 Global Drones in Energy Sector Market Outlook, By Upstream (2022-2030) ($MN)
32 Global Drones in Energy Sector Market Outlook, By Midstream (2022-2030) ($MN)
33 Global Drones in Energy Sector Market Outlook, By Downstream (2022-2030) ($MN)
34 Global Drones in Energy Sector Market Outlook, By Power Generation (2022-2030) ($MN)
35 Global Drones in Energy Sector Market Outlook, By Conventional Power (2022-2030) ($MN)
36 Global Drones in Energy Sector Market Outlook, By Nuclear Power (2022-2030) ($MN)
37 Global Drones in Energy Sector Market Outlook, By Renewable Energy (2022-2030) ($MN)
38 Global Drones in Energy Sector Market Outlook, By Wind Energy (2022-2030) ($MN)
39 Global Drones in Energy Sector Market Outlook, By Solar Energy (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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