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Drone Surveillance Market for Energy Industry size, share and Global Trend By Type (Multirotor, Fixed wings, Hybrid), By Applications (Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Inspection of Power Distribution Lines, Solar Panel Inspection), and Geography Forecast till 2026
The ease of monitoring through surveillance drones is driving the global drone surveillance market, says Fortune Business Insights in a report, titled”Drone Surveillance Market” for Energy Industry size, share and Global Trend By Type (Multirotor, Fixed wings, Hybrid), By Applications (Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Inspection of Power Distribution Lines, Solar Panel Inspection), and Geography Forecast till 2026”. Drones are capable of reaching places where humans cannot, data collection with the help of surveillance drones is a factor boosting the global drone surveillance market.
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Key Market Driver Ease of monitoring, inspection and data collection from plants and transmission lines
Key Market Restraint Lack of regulations and the high cost involved for drone surveillance
Top Players Overview:
Launch of Drone Services by Baker Hughes to Resolve Methane Leaks Will Encourage Growth
Baker Hughes, a subsidiary of GE, became the first company in the oil and gas industry to initiate the use of drones as a tool to reduce the industry’s carbon emissions. The new platform is called Lumen and is combined with flying technology and solar-powered sensors, which gives a clearer picture of fugitive methane emissions to the facility personal. The launch of Lumen is predicted to give prospects to the drone surveillance capabilities. This will, in turn, boost the global drone surveillance market. In addition, the launch of patang, a tethered drone is predicted to contribute positively to the global drone surveillance market. For instance, Public sector defense electronics firm in India BHEL has successfully built a tethered drone in collaboration with Anna University. The drone is named patang, which can fly for several hours with the help of tethered power station at an altitude of 100metre. The drone is built to withstand harsh environments.
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Inspection and Data Collection with The Help of Drones Will Fuel Demand
The global drone surveillance market on the basis of type is segmented into the multirotor drone, fixed-wing drone and hybrid drone. The advantage of a higher level of maneuverability makes the multirotor segment hold a big share in the global drone surveillance market. Further, the global drone surveillance market on the basis of its applications is segmented into pipeline monitoring and inspection, offshore platform inspection, wind turbine inspection, power plant inspection, inspection of power distribution lines, solar panel inspections and others. Out of the above applications, drone surveillance is most used in pipeline monitoring and inspection and is predicted to grow remarkably during the forecast period. Furthermore, the ease of monitoring with the help of surveillance drones and inspection and data collection from plants and transmission lines are factors practiced to boost the drone surveillance revenue. However, the high cost involved in drone surveillance services is predicted to restrict the growth of the global drone surveillance market.
Increasing Exploration Activities Will Encourage Growth in Asia Pacific
Geographically, the global drone surveillance market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to dominate the global drone surveillance market during the forecast period owing to the increasing exploration activities and also laying of new transmission lines in emerging nations such as India and China. In Latin America, the use of drone surveillance has increased over the years with Mexico coming up as the fastest-growing market. For instance, in 2017, Skyx drone completed the inspection of more than 100 kilometres of gas pipeline in Mexico, identifying more than 200 abnormalities in the pipeline, therefore reducing the cost and increasing the accuracy compared to manual inspection for the company.
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Key Segmental Overview:
1. By Type
2. By Application
3. By Geography
Key Industry Developments
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Major Table of Content ForDrone SurveillanceMarket:
An Overview of the Impact of COVID-19 on this Market:
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