As per this study the Global Utility Drone Market was valued USD 597.84 MN (by revenue) in 2021 and is anticipated to reach USD 8056.7 MN by 2028 with a CAGR of 45%.
Utility drones are extensively used in public power utility operation such as in power generation, tower, wind turbine, and broiler inspection. It is used to detect oil leakage, defective blades, energy distribution network, pipelines, and rigs.
Market Dynamics
The market is majorly driven on account of growing need to reduce outage within energy transmission and distribution sector. Owing to better reachability and monitoring in a hazardous location is again fueling its demand in the power and energy sector. Additionally, rising adoption of drone technology to impart better safety and increase business operation is anticipated to boost the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of utility drone.
Market Segmentation
The broad utility drone market has been sub-grouped into type, service and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Service
- End-To-End Solution
- Point Solution
By End-User
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for utility drone in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Utility Drone Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the utility drone market include ABJ Drones, Aerodyne, Asset Drone, Cyberhawk, Delair, Hemav, Measure, Precisionhawk , Sharper Shape, Sky Scape, Sky-Futures, Terra Drone and ULC Robotics. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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