Global Oil & Gas Drones Market Overview:
Drones for oil and gas are equipped with infra-red cameras of very high resolution for capturing minute details in the oil & gas industry. They can be employed effortlessly around flare stacks, oil rigs, and along miles of pipeline for monitoring of leaks or gas emissions, detecting spills, corrosion, heat spots, and improve safety by eliminating the need for human intervention. It can save millions of dollars for the oil & gas industry by improving on-site safety and reducing maintenance costs. The other type of drones is called gas-operated drones that operate through engines without being completely reliant on batteries. The United States dominates North America, and the increase in offshore oil and gas activities in the region is expected to drive the growth of the market during the forecast period. Some of the players profiled in the study are PrecisionHawk (United States), Intel Corporation (United States), AeroVironment, Inc. (United States), Airobotics (United States), Digital Aerolus (United States), Delair (France), Sky-Futures (United Kingdom), Cyberhawk Innovations Limited (Scotland), Terra Drone (Japan) and Flyability (Switzerland).
On the basis of geography, the market of Oil & Gas Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Single-Rotor will boost the Oil & Gas Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. System will boost the Oil & Gas Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Investment in Offshore Exploration, And Production of Oil and Gas
- Rising Investment in Offshore Pipeline Infrastructure, and Advancements in Drone Technology
Influencing Trend
- Integration of Artificial Intelligence (AI) With the Drone Along With the Development of Thermal Imaging and Methane Gas Detection
Restraints
- Vulnerability to Cyber Threats May Restrain the Growth of the Market
Opportunities
- Contribution of Artificial Intelligence and Machine Learning to More Advanced Software, More Real-Time Capabilities, and Provide Better Organized Data
- Amendments in Drone Rules & Regulations
Key Market Developments:
On November 05, 2018, PrecisionHawk’s has acquired Uplift Data Partners. Uplift specializes in the delivery of turnkey inspection services for construction, building information management, and real-estate.
In May 2019, Terra Drone Corp has opened its operation office in Angola. This has helped the company to expand its presence in the African market.
Target Audience:
Oil & Gas Drones Manufacturers, Parts/Accessories Suppliers, Government Authorities, Oil & Gas Industry, Traders/Exporters/Importers, End-Use Industry and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Oil & Gas Drones market on the basis of product [Onshore Drone and Offshore Drone] , application [Infrastructure Inspection, Surveying & Mapping, Emergency Response, Security and Surveillance and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Oil & Gas Drones market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Oil & Gas Drones industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Insitu Pacific Pty Ltd (Australia), Aerodyne Group (Malaysia), Aerialtronics DV B.V. (the Netherlands), ideaForge (India), Airborne Drones (South Africa) and Equinox's Drones (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Oil & Gas Drones market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.