Utility Drones Market Overview:
Utility Drones Market size was valued at USD 11.52 Billion in 2020 and is projected to reach USD 17.45 Billion by 2028, growing at a CAGR of 6.1% from 2020 to 2028. The Utility Drones Market growth is due to the rising adoption of drone technology in industrial verticals including agriculture, mining, and construction especially, within the agricultural sector, drones are widely used for monitoring farmlands to enable farmers to reply quickly to threats like drought and pests. This will foster market growth. The Global UAV Drones Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Based on type, the global utility drones market has been categorized into multi-rotor and fixed wing. The multi-rotor type accounted for largest share in the global market in 2018 and is anticipated to maintain its market dominance during the forecast period, as they are cheap and readily available in the market. The multi-rotor drones are also used for aerial inspection and photography, which is expected to boost its growth during the next five years.
North America accounted for a significant portion of the global utility drones market in 2020. The regional growth can be attributed to increasing emphasis on research & development activities and presence of major vendors, particularly in countries such as the US and Canada. Moreover, innovations in drone analytics along with favorable government regulations in the region are anticipated to fuel the regional market. The Asia-Pacific region with its emerging economies such as China and India is also anticipated to offer lucrative growth opportunities to utility drone providers. Increasing private funding and investments in the development of power infrastructure, establishment of long transmission lines and adoption of renewable energy sources are the primary factors likely to positively influence the utility drones market in the region.
Some of the leading players in the global utility drones market are Aerodyne SYSTEMS SDN BHD, Asset Drone, Cyberhawk Innovations Limited, ABJ Drones, etc.
Segments Overview: The Utility Drones Market is segmented as below:
Market, by Type:
Market, by Services:
Market, by End-User:
Transmission & Distribution
Market, by Region:
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in the global utility drones market.
A selection of companies mentioned in this report includes:
Aerodyne Group – Aerodyne Systems Sdn. Bhd.
Cyberhawk Innovations Ltd.
Measure UAS, Inc.
Sharper Shape Inc.
Sky Scape Industries
Terra Drone Corporation
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Table of Contents
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Utility Drones Market in North America (2020-2028)
Chapter 10 Historical and Forecast Utility Drones Market in South America (2020-2028)
Chapter 11 Historical and Forecast Utility Drones Market in Asia & Pacific (2020-2028)
Chapter 12 Historical and Forecast Utility Drones Market in Europe (2020-2028)
Chapter 13 Historical and Forecast Utility Drones Market in MEA (2020-2028)
Chapter 14 Summary For Global Utility Drones Market (2020-2028)
Chapter 15 Global Utility Drones Market Forecast (2020-2028)
Chapter 16 Analysis of Global Key Vendors
Tables and Figures
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