Inspection Drones Market Report
Inspection Drones Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028 See less
Inspection Drones Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
Inspection Drones Market is segmented by Solution (Platform, Software, Infrastructure, and Service), Type (Fixed Wing, Multirotor, Hybrid), Applications (Constructions & Infrastructure, Agriculture), Mode of Operations, and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
Inspection Drones Market is segmented by Solution (Platform, Software, Infrastructure, and Service), Type (Fixed Wing, Multirotor, Hybrid), Applications (Constructions & Infrastructure, Agriculture), Mode of Operations, ...
Platform, infrastructure, software, and services make up the platform solution section of the inspection drone industry. Each carries out a distinct task and guarantees that drones work well in various applications. Because drones can handle data more quickly, cheaply, and accurately than traditional techniques, the services segment is predicted to dominate the drone inspection industry. Additionally, it is anticipated that the platform sector would have the most significant CAGR during the projection period.
The transmitter & receiver, flight controller, mainframe, brushless motors & ESC, transmitter & receiver, and other categories make up the worldwide inspection drone market by component. Inputs from the stick are received by the drone transmitter and sent in real-time over the air to the receiver. The inputs are passed from the receiver to the drone's flight controller, which directs the drone as necessary. As a result, drone inspection businesses utilize this chance to innovate by using drones for applications such as solar panel inspection.
The worldwide inspection drone market has been divided into fixed, rotary, and hybrid categories based on type. Rotary drones can take off and land vertically; as a result, they are used in applications that call for a line-of-sight inspection. The majority of nations throughout the world permit the operation of drones in the operator's line of sight thanks to their legislative frameworks. As a result, demand for rotating inspection drones has greatly increased. These drones are also frequently utilized for shorter battle distances and shorter fight periods. As a result, the market for drone infrastructure inspection is growing due to the increased use of rotary wing drones for commercial and industrial applications.
In terms of regions, North America will likely maintain its supremacy in the inspection drones market throughout the forecast period. The main element boosting the market in the region is the early adoption of the technology. Additionally, as it is an affordable approach to conduct inspections at heights and inaccessible regions, more businesses are embracing inspection drone technology for visual inspection.
Concurrently, Asia Pacific is expected to witness the fastest growth in the inspection drones market during the forecast period. A large CAGR is predicted for the Asia Pacific inspection drone market due to the region's growing population, infrastructural development, economic expansion, urbanization, and industrialization. Utility firms in Europe with extensive infrastructure aim to replace human inspectors with drones. This is driving drone inspection for oil and gas. Governments are also developing drone rules to allow beyond visual line of sight (BVLOS) drone activities in the area. Manufacturers have begun using drones for inspection in the utility industry in Italy, Germany, and France.
The Middle East and Africa are a bigger market for inspection drones than South America. During the forecast period, the Middle East & Africa market is anticipated to expand at a CAGR of 18%. The best drones for house inspection applications are becoming more widely available thanks to businesses in the Middle East and Africa.
There is stiff competition in the inspection drones market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their inspection drones based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:
The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the inspection drones market:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The Inspection Drones market was estimated at US$ 9.7 Billion in 2021 and is expected to grow at a CAGR of 15.9% during 2022-2028 to reach US$ ~29.1 Billion in 2028.
The major players in the inspection drones market are American Robotics, Inc., Acecore Technologies, AeroVironment, Inc., Airobotics Ltd., Intertek (UK), MISTRAS Group (US), Teledyne FLIR LLC, Lockheed Martin Corporation, 3D Robotics, Inc., Yuneec International Co. Ltd., Delair, Wipro (India), Intel Corporation (US), Northrop Grumman Corporation (US), SZ DJI Technology Co., Ltd. (China), Parrot SA (France).
North America will likely maintain its supremacy in the inspection drones market throughout the forecast period.
Asia Pacific is expected to witness the fastest growth in the inspection drones market during the forecast period.
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