Utility Drones Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fixed Wing, Multi-rotor), By Application (Solar, Powerline And Telecom, Pipeline), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061612343 Pages: 122

The utility drones market is projected to grow at a CAGR of 28.94% to reach US$435.631 million by 2024, from US$94.814 million in 2018. The rising demand for minimizing the occurrence of outages in power transmission and distribution infrastructure is one of the major drivers of the utility drone market. Stringent workers’ safety regulations are also escalating the demand for utility drones for expanding their reachability in hazardous locations. The utility drone market has been segmented on the basis of type, application, and geography. In the type segment, multi-rotor drones hold a significant market share on account of the increasing utilization of drones for aerial inspection and imagery owing to the high precision and stability they offer.

Geographically, the utility drone market has been segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. North America will hold a substantial share in the market owing to the rising investment in power infrastructure and increasing focus on renewable energy. Additionally, technological advancements in drones will widen the growth opportunities during the forecast period.

DRIVERS
Growing demand for minimizing outages in transmission infrastructure.
Budding adoption of solar energy.

RESTRAINTS
Strict legal regulations.

INDUSTRY UPDATE
In June 2018, HEMAV launched Hemav Planner.
In March 2018, HEMAV approved a plan to expand its business internationally by starting operations in countries like Brazil and Mexico.

The major players profiled in the Utility Drones market include Cyberhawk Innovations Limited, HEMAV, PrecisionHawk, Delair, Phoenix Drone Services, Skylark Drones Private Limited, Sky Scape Industries, Asset Drone and Meaure UAS Inc.,

Utility Drones Market Scope:

Report Metric Details
 Market size value in 2018  US$94.814 million
 Market size value in 2024  US$435.631 million
 Growth Rate  CAGR of 28.94% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Cyberhawk Innovations Limited, HEMAV, PrecisionHawk, Delair, Phoenix Drone Services, Skylark Drones Private Limited, Sky Scape Industries, Asset Drone, Measure UAS Inc.
 Customization scope  Free report customization with purchase

Segmentation

The utility drones market has been analyzed through the following segments:

By Type
Fixed Wing
Multi-rotor

By Application
Solar
Powerline and Telecom
Pipeline

By Geography
North America
USA
Canada
Mexico

South America

Europe
Germany
France
United Kingdom
Others

Middle East and Africa

Asia Pacific
China
Japan
South Korea
India
Others


Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the utility drones market?
A1. The utility drones market is projected to grow at a CAGR of 28.94% during the forecast period. 


Q2. What will be the utility drones market size by 2024?
A2. The global utility drones market is projected to reach a total market size of US$435.631 million by 2024. 


Q3. What is the size of the global utility drones market?
A3. Utility Drones Market was valued at US$94.814 million in 2018. 


Q4. What factors are anticipated to drive the utility drones market growth?
A4. The rising demand for minimizing the occurrence of outages in power transmission and distribution infrastructure is one of the major drivers of the utility drone market. 


Q5. Which region holds the largest market share in the utility drones market?
A5. North America will hold a substantial share in the utility drones market owing to the rising investment in power infrastructure and increasing focus on renewable energy.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. UTILITY DRONES MARKET BY TYPE
5.1. Fixed Wing
5.2. Multi-rotor
6. UTILITY DRONES MARKET BY APPLICATION
6.1. Solar
6.2. Powerline and Telecom
6.3. Pipeline
7. UTILITY DRONES MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Others
7.4. Middle East and Africa
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Cyberhawk Innovations Limited
9.2. HEMAV
9.3. PrecisionHawk
9.4. Delair
9.5. Phoenix Drone Services
9.6. Skylark Drones Private Limited
9.7. Sky Scape Industries
9.8. Asset Drone
9.9. Meaure UAS Inc.,
LIST OF FIGURES
LIST OF TABLES

Cyberhawk Innovations Limited
HEMAV
PrecisionHawk
Delair
Phoenix Drone Services
Skylark Drones Private Limited
Sky Scape Industries
Asset Drone
Measure UAS Inc.

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