COVID19:Global Utility Drone Market is estimated to reach USD 1.2 Billion by 2025
Utility Drone Market: Summary
The Global Utility Drone Market is estimated to reach USD 1.2 Billion by 2025 at a CAGR of 33.1%, observes forencis research (FSR).
A drone is defined as a type of aircraft which does not have any pilot on board. Drones are also known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASes). Drones are intelligent machines manufactured using advanced hardware and software which can fly using remote controllers or automatically. The utility is defined as the supply of electricity, gas, water, or sewerage to the community by large firms that own or operate these facilities. Utility drone is the involvement of drone in the utility business for efficient operational facilities. Utility drone usually collect data from the designated workspace, and analyzes the data which helps in better decision making.
Utility Drone Market: Drivers & Challenges
Market Drivers:
- Growing Demand for Efficient Operational Activities
The usage of drones in the utility market is very helpful. Drones capture data precisely improving situational awareness which results in saving capital expenditure in maintenance and provides safety to maintenance staff. The analyzed data of the technical condition of the equipment recorded by drones can help in taking preventive measures for the long life of assets. The adoption of drones results in enhanced internal processes and reduce overall cost involved.
Thus, the growing demand for efficient operational activities is expected to contribute to the growth of the utility drone market, during the forecasted period.
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Market Challenges:
- Cybersecurity Issues
Drones are used to record detailed data of the infrastructure; this may create a risk of hacking of confidential data. Drones transfer recorded data to the cloud via Bluetooth or Wi-Fi exposing data towards cyber-attacks. Unsecured connections can be attacked by hackers to attain control over drone functioning and to get sensitive data. To overcome this issue security system to shield captured data and drone interface needs to be developed.
Thus, cybersecurity issues can be challenging for the growth of the utility drone market, during the forecast period.
Utility Drone Market: Key Segments
- Segmentation based on component covers: Hardware, Software, and
- Segmentation based on type covers: Fixed Wing, and Multi-Rotor.
- Segmentation based on application covers: Inspection and Monitoring, Surveying and Mapping, Surveillance and
- Segmentation based on end-user covers: Power, Water and Wastewater Treatment and
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Utility Drone Market: Report Scope
The report on the utility drone market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2018–2025
Base Year for Market Calculation
2019
Forecasted Period
2020–2025 (2020 estimated year, forecasted up to 2025)
Measured Units
Value (USD Million)
Segments Included
Component, Type, Offerings, Application, End User and Region
Regional Coverage
Asia-Pacific, Europe, Middle East and Africa, South Africa and North America
Key Companies Covered
- Terra Drone Corp. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Aerodyne Group
- Asset Drone
- ABJ DRONES
- Cyberhawk Innovations Limited
- Delair
- Measure UAS, Inc.
- PrecisionHawk, Inc.
- ULC Robotics
- American Aerospace Technologies, Inc.
- Other Key Companies
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Utility Drone Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Utility Drone Market, by Component
- Hardware
- Software
- Service
Utility Drone Market, by Type
- Fixed Wing
- Multi-Rotor
Utility Drone Market, by Application
- Inspection and Monitoring
- Surveying and Mapping
- Surveillance
- Others
Utility Drone Market, by End User
- Power
- Transmission
- Distribution
- Water and Wastewater Treatment
- Municipal
- Commercial
- Renewable
- Solar
- Wind
Utility Drone Market, by Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Rest of Asia-Pacific
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL UTILITY DRONE MARKET BY COMPONENT, Market Size in USD Million (2018–2025)
7 GLOBAL UTILITY DRONE MARKET BY TYPE, Market Size in USD Million (2018–2025)
8 GLOBAL UTILITY DRONE MARKET BY APPLICATION, Market Size in USD Million (2018–2025)
9 GLOBAL UTILITY DRONE MARKET BY END USER, Market Size in USD Million (2018–2025)
10 Competitive Landscape
11 Company Profiles
12 Appendix
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