As per this study the Global Utility Drone Market was valued USD 100 MN (by revenue) in 2017 and is anticipated to reach USD 817.2 MN by 2024 with a CAGR of 35%.
                                                         
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.
 
Objectives of the Study:

• Define and measure the global utility drone market
• Revenue forecast of the global utility drone market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
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

• Multi Rotor
• Fixed Wing

 
By Service

• End-To-End Solution
• Point Solution

 
By End-User

• Power
  • Generation
  • Transmission
• Renewable
  • Solar
  • Wind

 
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.
 
Europe Utility Drone Market By Revenue (USD MN)
 

 
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.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.