Global utility drones market is forecast to grow at a CAGR of over 30% during the forecast period, owing to rising demand to minimize service time and cost efficiency and increase reachability in dangerous locations. A few years back, drones were mostly used in military and defense industry; however, their adoption is growing to a wide range of civilian roles, starting from surveillance, search and rescue, firefighting, traffic monitoring, and weather monitoring, to business drone-based and personal drone-based agriculture, videography, photography and even delivery services.
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Utility drones are expected to have a huge impact on the power & utility sector over the next few years. Operators in the energy industry are finding the drone technology quick, accurate, cost-effective and easy, owing to powerful computers, improved efficiency and affordable drone technology, which in turn is boosting the utility drones market growth, globally.
Global Utility Drones Market Segment Insights.
Based on a type, the global utility drones market has been categorized into multi-rotor and fixed-wing. The multi-rotor type accounted for the 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.
Key Target Audience:
- Utility drone manufacturers, distributors, suppliers, and end-users
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to utility drones market
- Market research and consulting firms
- The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners, and end-users.
The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth o, opportunities.
In this report, the global utility drones market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by Type:
- fixed Wing
Market, by Services:
- End-to-End Solution
- Point Solution
Market, by End-User:
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