Utility Drones - Global Market Outlook (2017-2026)
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.
• Point Solution
• End-To-End Solution
• Fixed Wing
End Users Covered:
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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