Promotional Offer - Special Pricing on Instant Purchases!

Utility Drones Market Insights

The global utility drones market is expected to grow at a significant rate over the forecast period. Utility drones are projected to have the huge impact in the power & utility sector over the next few years. Technological advancements made by the drone producers in order to minimize costs, enhance the potential of drones, and automate operations are projected to stimulate the market growth.

Utility drones have found increased penetration in substation equipment monitoring, leak detection in water pipes, remediation site monitoring, hydroelectric dam inspections, and construction site monitoring among others. While utility drones have a number of potential benefits, it is also exposed to risks of data theft & security.

The changing regulatory scenarios are also projected to pose a challenge for the overall market. However, favorable regulatory standards set by some countries have led to an increased number of drone-related operations. This, in turn, is expected to boost the overall market growth over the coming years.
Utility Drones Market
Utility Drones Market: Application Insights

The utility drones market is segmented into risk identification & management, real-time monitoring, asset management, predictive maintenance, and vegetation management, among others. The demand for risk identification & management is projected to grow at a substantial CAGR over the coming years owing to wide applications of drones in pre-construction and investment monitoring activities. The growing energy & power sector has led to increase in demand for innovative technologies in order to optimize operational strategies.

Utility Drones Market: End-Use Insights

On the basis of end-use, the market is segmented into energy & power vertical, oil & gas vertical, and utilities vertical. The demand for utility drones is expected to witness huge demand due to dramatic growth observed in energy analytics industry. The major energy & power companies operating in the market have either deployed or have plans to deploy drones in the future, in order to achieve operational efficiency. The utility segment is expected to grow at a considerable CAGR over the coming years. The segment is further divided into electricity, water, and waste management & recycling among others.

Utility Drones Market: Regional Insights

North America accounted for the highest market share in terms of revenue in 2016 and is projected to continue its dominance over the coming years. The regional growth is attributed to an increased emphasis on research & development activities and presence of major vendors, particularly in countries such as the U.S. and Canada. Also, innovations in drone analytics along with favorable government regulations in the region are anticipated to fuel the regional market. The Asia-Pacific utility drone market is expected to grow at the highest CAGR driven by technological innovations in drone applications, the experimental attitude of the government, favorable regulations, and growing investment in drone producing companies.
Utility Drones Market
Utility Drones Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase utility drones over the coming years. Some leading consumers of this market are Exelon, Iberdrola, and Sinopec among others.

Utility Drones Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Utility Drones Market Share & Competitor Analysis

Some of the players operating in the global utility drones market include DroneNerds, ULC Robotics, Skyward, Asset Drones, DroneView Technologies, ABJ Drones, SPH Engineering, Droneflight, Unmanned Aerial Specialists, LLC, and Remote GeoSystems among others.

 

The global Utility Drones Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Utility Drones Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Utility Drones Market.

Utility Drones Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Utility Drones Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Utility Drones Market


Our website is secure and your personal details will be handled securely as stated in our Private Policy.


Our website is secure and your personal details will be handled securely as stated in our Private Policy.

Please Purchase the report to access it, if you have already purchased it then please Login to your account then access it from here.


Our website is secure and your personal details will be handled securely as stated in our Private Policy.


Our website is secure and your personal details will be handled securely as stated in our Private Policy.

Key Deliverables: 
  1. Known and unknown adjacencies impacting the market
  2. New emerging technologies and use cases disrupting the industry alongwith market estimates and forecasts datasets
  3. Identification of revenue pockets by analysing largest and fastest growing segments and regions
  4. Key dynamics affecting market growth
  5. Analysis of key players in the market and the key strategies adopted by them to sustain their market position
For more market-related information
  1. Request a free-of- cost analyst call to discuss the nuances of the market study
  2. Discuss possibilities for further customizations available
  3. Schedule a call with the team for information about latest developments in the market
  4. Commission a consult study for detailed insights not covered in the syndicate study
  5. Request for due dilligence, study updates, segment specific, country specific and consumer centric studies