Global Inspection Drone Market: Overview
According to a new research report pertaining to the inspection
drone market, published by Transparency Market Research the global
inspection drone market is expected to reach a value of ~ US$ 32 Bn by
2027, expanding at a CAGR of ~ 23% from 2019 to
2027. According to the report, the global market would continue to be
influenced by a range of macroeconomic and market-specific factors during the
forecast period.
Rise in Demand for Inspection Drones in Oil & Gas
Industry
- Inspection
drones are part of the large shift toward the automation of tasks in the
oil & gas industry. Different end-use industries, including oil &
gas, are increasingly using inspection drones for a wide variety of
applications. Inspection drones can be used on any part of a platform,
wherein, inspections typically require scaffolding or rope access.
- Moreover,
advanced drone technology is helping end-use industries save on costs and
time, while improving efficiency and safety to optimize production.
Increasing investments and rising demand for inspection drones in the oil
& gas industry are expected to drive the global inspection drone
market during the forecast period.
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- Inspection
drones can collect data by using various sensors and thermal cameras.
Inspection drones efficiently eliminate delays in human-conducted
inspections and the time spent attending to unnecessary accidents. Across
the globe, inspection drones are used to carry out offshore and onshore
oil derrick inspections, vertical structure inspections, flare stack
inspections, oil spill detections, offshore inspections, tailings pond
inspections, monitoring of gas emissions, and damage assessment. Rising
investments toward the expansion and modernization of the oil & gas
industry are expected to drive the market for inspection drones during the
forecast period.
Military & Defense to Account for a Leading Share of
Global Inspection Drone Market
- The
report offers detailed segmentation of the global inspection drone market
in terms of component (mainframes, brushless motors & electronic speed
controllers (ESC), transmitters & receivers, flight controllers, and
others), sales channel (online and offline), application (oil & gas
pipeline inspection, solar panels, power line and windmill inspection,
critical infrastructure inspection, railways, roadways and bridge
inspection, border security, and others), and end-use industry (oil, gas
and petroleum, energy & utilities, military & defense, mining
& construction, transportation, and others). The global inspection
drone market has also been segmented based on region (North America,
Europe, Asia Pacific, South America, and Middle East & Africa).
- Among
the end-use industries, the military & defense segment accounted for a
leading share of the global inspection drone market in 2018. The
segment is anticipated to maintain its leading position in the global
market during the forecast period as well.
- Increase
in the demand for border security is likely to be a major factor driving
the global inspection drone market during the forecast period. Currently,
major drone manufacturers are setting up drone pilot projects.
- Different
commercial applications such as critical infrastructure inspection,
wildlife observation, railway track inspection, and bridge inspection are
becoming easier with the help of inspection drones. Thus, commercial
services based on inspection drones are gaining momentum, which is
expected to drive the global inspection drone market during the forecast
period.
High Investments and New Product Development by Key
Players to Boost Global Inspection Drone Market
The report contains the profiles of the leading players
operating in the global inspection drone market. These include 3D
Robotics, Inc., Acecore Technologies, AeroVironment, Inc., Airobotics Ltd.,
Aeryon Skyranger, Intel Corporation, Lockheed Martin, SZ DJI Technology Co.,
Ltd., Yuneec International, Delair Aerial Intelligence, and AltiGator.
- In
May 2019, 3D Robotics, Inc. announced to have entered into a
distribution partnership with Wingtra, a Europe-based manufacturer of VTOL
(vertical take-off and landing) drones. As per this agreement, both
companies would be supplying aerial surveying drones to a wide range of
industries, particularly mining and construction.
- In
June 2019, AeroVironment, Inc. acquired VTOL UAS Developer Pulse
from Aerospace, LLC for US$ 25.7 Mn, to widen its
portfolio of small unmanned aircraft systems.
Global Inspection Drone Market: Segmentation
The global inspection drone market has been segmented as
follows:
Inspection Drone Market by Component
- Mainframes
- Brushless
Motors & ESCs
- Transmitters
& Receivers
- Flight
Controllers
- Others
Inspection Drone Market by Sales Channel
- Online
- Offline
Inspection Drone Market by Application
- Oil
& Gas Pipeline Inspection
- Solar
Panel, Power Line and Windmill Inspection
- Critical
Infrastructure Inspection
- Railway,
Roadways, and Bride Inspection
- Border
Security
- Others
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Inspection Drone Market, by End-use Industry
- Oil,
Gas & Petroleum
- Energy
& Utilities
- Military
& Defense
- Mining
& Construction
- Transportation
- Others
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