Utility Drones Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Utility drones are integrated with infra-red cameras of very high resolution used to capture every minute details of power infrastructure. These drones provide various services to utility sectors such as surveying, inspection, as well as maintenance of power transmission, generation, and distribution systems globally. It is used for the efficient assessment of damaged power lines during the storm and creates 2D / 3D models of power infrastructure which allow the operators to locate defects in power infrastructure.

MARKET SCOPE

The "Global Utility Drones Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the utility drones market with detailed market segmentation by type, services, end-user, and geography. The report provides key statistics on the market status of the leading utility drones market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global utility drones market is segmented into multi-rotor and fixed wing,
  
•   On the basis of services, the market is segmented into end-to-end solution and point solution.
  
•   Based on end-user, the market is segmented into renewable and power.
  

MARKET DYNAMICS
Drivers:

•   The rising demand for using commercial drones in the power and utility sector, especially across North American regions is the major drivers for the growth of the utility drones market.
  
•   The advancements in drone technology and amendments in drone regulations are creating opportunities for the utility drones market in the coming years.
  

Restraints:

•   Legal regulations have constrained the growth of the utility drones market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The utility drones market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the utility drones market in these regions.

IMPACT OF COVID-19 ON UTILITY DRONES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Utility Drones Market Report Analysis

Utility Drones Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• AERODYNE GROUP
• ABJ Drones
• Asset Drone
• CYBERHAWK INNOVATIONS LIMITED
• Delair
• HEMAV S.L.
• PrecisionHawk
• SHARPER SHAPE INC.
• Sky Futures

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Multi-Rotor
• Fixed Wing

By Services

• End-To-End Solution
• Point Solution

By End-User

• Renewable
• Power

MARKET PLAYERS

The report covers key developments in the utility drones market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from utility drones market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the utility drones market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AERODYNE GROUP
  
•   ABJ Drones
  
•   Asset Drone
  
•   CYBERHAWK INNOVATIONS LIMITED
  
•   Delair
  
•   HEMAV S.L.
  
•   PrecisionHawk
  
•   SHARPER SHAPE INC.
  
•   Sky Futures
  
•   Terra Drone Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Utility Drones Market Report Scope