In-Depth Analysis of Drone Surveillance Market for Energy Industry 2018 - 2026

Press Release – 04 Feb 2019

Research and Development News --

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Latest Update "Drone Surveillance Market for Energy Industry - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" with Industries Survey | Global Current Growth and Future.

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“Drone Surveillance Market - Overview”

Drones are unmanned aircraft that are formally known as unmanned aircraft system (UAS) or unmanned aerial vehicle (UAV). They can also be called flying robots. Drones can be flown autonomously or can be remotely controlled. Drone surveillance services refer to the different types of work that drones can carry out for companies in the energy industry. Drone surveillance services are usually performed by drone surveillance service providers, which is a different set of companies from those in the energy industry. The type of work primarily refers to monitoring and surveillance of assets in the energy industry such as pipelines, power plants, wind turbines, platforms, and solar panels.

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This report analyzes and forecasts the drone surveillance market for the energy industry at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global drone surveillance market for the energy industry. It also covers impact of these drivers and restraints on demand for the drone surveillance market for the energy industry during the forecast period. The report also highlights opportunities in the drone surveillance market for the energy industry at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global drone surveillance market for the energy industry. Porter’s Five Forces model for the drone surveillance market for the energy industry has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein types and applications are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view of the global drone surveillance market for the energy industry by segmenting it in terms of type, application, and region. In terms of type, the drone surveillance market for the energy industry has been classified into multirotor, fixed wing, and hybrid. Based on application, the market has been divided into pipeline monitoring & inspection, offshore platform inspection, power plant inspection, inspection of power distribution lines, wind turbine inspection, solar panel inspection, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for drone surveillance for the energy industry in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of drone surveillance for energy industry for 2017 and estimated market size for 2018 with forecast for the next eight years. Market numbers have been estimated based on type and application of drone surveillance for the energy industry. Market size has been provided in terms of global, regional, and country level markets.

The report comprises profiles of major companies operating in the global drone surveillance market for the energy industry. Key players operating in the drone surveillance market for the energy industry are Aerodyne Group, Azure Drones SAS, Cyberhawk Innovations Limited, and Martek Aviation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global drone surveillance market for the energy industry has been segmented as follows: 

Drone Surveillance Market for Energy Industry, by Type

- Multirotor

- Fixed Wing

- Hybrid 

Drone Surveillance Market for Energy Industry, by Application

- Pipeline Monitoring & Inspection

- Offshore Platform Inspection

- Power Plant Inspection

- Inspection of Power Distribution Lines

- Wind Turbine Inspection

- Solar Panel Inspection

- Others (Slope Stability, Emission Tracing, Monitoring Sea Ice, etc.) 

Drone Surveillance Market for Energy Industry, by Region

• - North America
  • U.S.
  • Canada
• - Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• - Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• - Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• - Middle East & Africa (MEA)
  • GCC
  • South Africa 
• - Rest of Middle East & Africa 

Key Takeaways

- In terms of type, the multirotor segment holds major share vis-à-vis other segments. The use of multirotor drones is driven by the several advantages these provide over fixed wing and hybrid drones.

- In terms of application, the inspection of power distribution lines segment accounts for higher share than other segments. However, it has marginal edge over the pipeline monitoring & inspection segment. Offshore platform inspection is another common application of drone surveillance.

- In terms of region, Europe constitutes prominent of the market. It is among the early adopters of the technology.

- The fees charged to the client are currently under pressure due to intense competition between drone surveillance providers and individual drone pilots

- The global drone surveillance market for the energy industry is likely to expand at a significant pace, largely because it is at the nascent stage

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