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Utility Drones - Global Market Outlook (2017-2026)

Utility Drones - Global Market Outlook (2017-2026)

Published: May 2019 ID: SMRC18268
Published: May 2019 ID: SMRC18268

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Utility Drones Market is accounted for $96.8 million in 2017 and is expected to reach $1334.17 million by 2026 growing at a CAGR of 33.8% during the forecast period. Some of the key factors influencing the market growth include increasing demand for minimizing outages related to transmission infrastructure, technological advancements in enhanced camera quality and drone manufacturing, time and cost efficiency and reachability in hazardous locations. However, legal regulations are hampering the market growth.

Utility drones are unmanned aircrafts used in utility industries. These drones provide services such as surveying, inspection, maintenance of power generation, transmission and distribution systems across the world. Utility drones are equipped with infra-red cameras of very high resolution that can capture minute details in power infrastructure.

Based on end user, the power segment has substantial growth during the forecast period, owing to an increase in population and rising demand for electricity. The benefits of utility drones in the power industry include cutting down of operation and maintenance costs, rising worker safety considering their ability to operate drones in potentially dangerous areas, use of little or no fuel, and a negligible environmental impact.

By Geography, North America is expected to have a significant market share during the forecast period, due to rising investments in power infrastructure, increasing power consumption, and subsequently increasing focus on renewable power generation.

Some of the key players in global utility drones market are Lockheed Martin Corporation, Yuneec International Co. Ltd., SZ DJI Technology Co., Ltd., Sky Scape, Asset Drone, Delair, Precisionhawk, Aerodyne, Measure, Sky-Futures, ABJ Drones, Sharper Shape, Cyberhawk, Terra Drone, Hemav and ULC Robotics.

Services Covered:
• Point Solution
• End-To-End Solution

Types Covered:
• Fixed Wing
• Multi-Rotor

End Users Covered:
• Renewable
• Power
• Other End Users

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
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- 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 clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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