What is Utility Drones Market Scope?
Utility Drones is defined as the uncrewed aerial vehicles that are operated by a ground-based human controller through a system of communications between the drone and the operator. It is mostly used to collect data as well as relevant information over and done with the aerial survey of the designated workplace. Rising demand for better reachability as well as reduced service cost and time efficiency in various dangerous parts of the world, rising demand for minimizing outages related to transmission and distribution infrastructure is likely to be a major driver for the global utility drones market over the forecast period. Global utility drones market is estimated to grow at a CAGR of over 11.2% during the forecast period.
Influencing Trend:
Technological Advancements Related to Enhanced Camera Quality as well as Drone Manufacturing
Market Growth Drivers:
Mounting Global Demand for Minimizing Outages Related to Transmission Infrastructure and Reachability in Hazardous Locations and Time & Cost Efficiency
Challenges:
Data Protection and Security and Working Safety
Restraints:
Legal Regulations set by Federal Aviation Administration (FAA)
Opportunities:
Amendments in Drone Regulations, Permitting Bvlos Flights and Growing Demand from Emerging Economics such as India, China and others
The Utility Drones market study is being classified by Type (Multi-rotor and Fixed Wing), by Application and major geographies with country level break-up.
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global utility drones market can witness an upsurge in the forecast period Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Utility Drones market throughout the predicted period.
ULC Robotics (United States), Sky Scape (United States), Sharper Shape Inc. (United States), PrecisionHawk (United States), Sky-Futures (United Kingdom), Terra Drone (Japan), Measure (United States), HEMAV - ESP (Spain), Delair (France) and Cyberhawk (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ABJ Drones (United States), Asset Drone (United States) and Aerodyne, Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Utility Drones market by Type, Application and Region.
On the basis of geography, the market of Utility 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).
On February 2019, the SPH Engineering (Latvia) has launched an automatic vertical scanning tool for drones. This would help in enhancing the customer base of the market in the future., and On June 2016, as per an article published by the Energy Information Administration (United States), the United States, Canada, and Mexico has entered into an agreement and established a goal of 50% electricity generation from clean energy sources by 2025. This would help in increasing the customer base and expansion of the market.
Key Target Audience
Manufacturers and Suppliers of Utility Drones, Service Providers of Utility Drones, Energy & Environment Associations, End-User Industries Namely Power Industry, Solar Power, and Wind Power and Others, Government and Research Organizations, State and National Regulatory Authorities, Investment Banks, Manufacturers’ Associations, Institutional Investors and Environmental Research Institutes
Utility Drones Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Utility Drones Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Utility Drones industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.