Utility Drones Market

Introduction of the Utility Drones Market Report

Drone is an unmanned aerial vehicle that is capable of traveling varying heights and distance and it can be equipped with a variety of additional devices, including cameras, Global Positioning Systems (GPS), navigation systems, sensors, and various other drone software and hardware. The utility drones refer to drones for the unmanned aircrafts that are used by the utility providers for a variety of purposes including monitoring delivery systems; checking power lines, pipelines, solar panels and wind turbines; safe and efficient inspections; and more accurate data collection across the energy industry among other application.

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Market Dynamic

Key Drivers and Emerging Trends

Growth in the power sector, rising demand for renewable source of energy, and increasing awareness towards the security of power supply facilities across the world are some of the major factors expected to drive the growth of the utility drones market size. In addition, rise in the use of unmanned utility drone instead of a manned aircraft utility drones owing to improved aerial utility inspections, reduced survey costs, minimize service disruption, higher quality data collection, enhance security, and improve safety is further accelerating the market growth.

Moreover, increasing integration of artificial intelligence, machine learning, and edge computing with drones help in quickly scanning thousands of images, improve upfront data collection, avoid collision through on-board collision avoidance in the utility infrastructure, is expected to propel the growth of utility drones market share. Furthermore, according to the International Renewable Energy Agency (IREA), the global share of renewable energy in the power sector is projected to increase from 25% in 2017 to 85% by 2050, primarily through growth in solar and wind power generation, advance approaches to power system planning, and regulation and public policy. This is expected to provide huge growth opportunities to the growth in the demand of drones in the utility sector over the forecast period.

Restraint in the Utility Drones Market

However, strict legal regulations related to the airspace in various countries is hampering market growth. For instance, the US Drone Laws, by the Federal Aviation Administration (FAA) in U.S.  includes registration of drone if it weighs more than 250g; to fly drones at maximum height of 400 feet without any specific authorization; not to fly in prohibited airspace, and other regulations  is expected to restrain the growth of the global utility drones market. Additionally, growing concerns pertaining terror and illegal activities carried out by UAV and limited battery backup for being in the air may further limit the market growth.

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Technology – Segment Analysis

Based on the technology, multi rotor segment is anticipated to account for a large market share owing to its greater mobility including hover in a stationary position and provide vertical take-off and landing (VTOL) ability; compact size availability; easy handling and operation; cost effective; and increased payload capacity than the fixed-wing drones. Moreover, multi-rotor drones can provide detailed inspections of around 5-6 miles of distribution poles per day capturing both thermal and RGB imagery in the power sector, which is expected to augment the market growth.

Area of Application – Segment Analysis

Based on the area of application, the power distribution and transmission segment is projected to witness high CAGR over the forecast period. This can be attributed to the increasing application of drones for the inspection of transmission and distribution (T&D) lines  to reduce cost for maintenance, inspection and repairs; minimize downtime; and reduce man-hours.

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Regional – Segment Analysis:

Based on region, North America is expected to hold notable share in the market during the forecast period. This is primarily due to the rising application of drones for inspecting electric power transmission lines, refineries, gas pipelines, oil pipelines, and water pipelines among others. Several U.S. based energy companies including Duke Energy Corporation, SunPower Corporation, Southern Company, and Duke Energy are using drones to inspect power lines, power plants, and storm damage. The presence of major players including ULC Robotics, PrecisionHawk, and SkyScape Industries is further contributing to the market growth.

Top Market Players

Several Leading players operating in the market, include, Terra Drone Corporation, PrecisionHawk, Delair, Sharper Shape, Aerodyne Group, SkyScape Industries, Cyberhawk, Sterblue, ULC Robotics, and Mitsubishi Heavy Industries, Ltd. among others. 

Key Developments: 

• • In 2019, Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a joint venture formed by Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. announced to use drones for easy and efficient inspection of the interiors of power plant boilers and other large indoor structures.

Segments covered in the Report:

The global Utility Drones Market has been segmented on the basis of technology, area of application, and key region. Based on technology, the market is segmented into multi rotor, fixed wing, and others. Based on area of application, the market is segmented into power generation, and power distribution and transmission. 

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Key questions answered in this research report:

• • At what pace is global Utility Drones Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Utility Drones Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Utility Drones Market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various area of applications of global Utility Drones Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Area of Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Terra Drone Corporation, PrecisionHawk, Delair, Sharper Shape, Aerodyne Group, SkyScape Industries, Cyberhawk, Sterblue, ULC Robotics, and Mitsubishi Heavy Industries, Ltd. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Utility Drones Market by Technology

• • Multi Rotor
  • Fixed Wing
  • Others

Global Utility Drones Market by Area of Application

• • Power Generation
  • Renewable
  • Non-Renewable
  • Power Distribution and Transmission

Global Utility Drones Market by Region

• • North America Utility Drones Market (Option 1: As a part of the free 25% customization)
    • North America Utility Drones Market by Technology
    • North America Utility Drones Market by Area of Application
    • US Utility Drones Market All-Up
    • Canada Utility Drones Market All-Up
  • Europe Utility Drones Market (Option 2: As a part of the free 25% customization)
    • Europe Utility Drones Market by Technology
    • Europe Utility Drones Market by Area of Application
    • UK Utility Drones Market All-Up
    • Germany Utility Drones Market All-Up
    • France Utility Drones Market All-Up
    • Spain Utility Drones Market All-Up
    • Rest of Europe Utility Drones Market All-Up
  • Asia-Pacific Utility Drones Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Utility Drones Market by Technology
    • Asia-Pacific Utility Drones Market by Area of Application
    • China Utility Drones Market All-Up
    • India Utility Drones Market All-Up
    • Japan Utility Drones Market All-Up
    • Rest of APAC Utility Drones Market All-Up
  • RoW Utility Drones Market (Option 4: As a part of the free 25% customization)
    • RoW Utility Drones Market by Technology
    • RoW Utility Drones Market by Area of Application
    • Brazil Utility Drones Market All-Up
    • South Africa Utility Drones Market All-Up
    • Saudi Arabia Utility Drones Market All-Up
    • UAE Utility Drones Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Utility Drones Market All-Up

Major Players Operating in the Utility Drones Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Terra Drone Corporation
  • PrecisionHawk
  • Delair
  • Sharper Shape
  • Aerodyne Group
  • SkyScape Industries
  • Cyberhawk
  • Sterblue
  • ULC Robotics
  • Mitsubishi Heavy Industries, Ltd.