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Utility Drones Market by Services (End-to-End Solution and Point Solution), Type (Multi-Rotor and Fixed Wing), End-user (Power (T&D and Generation), and Renewable (Solar and Wind)), and Region - Global Forecast to 2023

  • ID: 4602336
  • Report
  • July 2018
  • Region: Global
  • 127 Pages
  • Markets and Markets
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The utility drones market is projected to reach USD 538.6 million by 2023, from an estimated USD 110.2 million in 2018, at a CAGR of 37.34% from 2018 to 2023.

FEATURED COMPANIES

  • ABJ Drones
  • Asset Drone
  • Delair
  • Measure
  • Sharper Shape
  • Sky-Futures
  • MORE

The utility drones market is projected to grow at a CAGR of 37.34% from 2018 to 2023.

The utility drones market is projected to reach USD 538.6 million by 2023, from an estimated USD 110.2 million in 2018, at a CAGR of 37.34% from 2018 to 2023. This growth can be attributed to the rising demand for minimizing outages related to transmission and distribution infrastructure, focus on time and cost efficiency, and reachability in hazardous locations. Legal regulations set by Federal Aviation Administration (FAA) can hinder the growth of the market. These regulations, in particular, exclude drone operations in some circumstances such as Beyond Visual Line-Of-Sight (BVLOS), over long distances, or at night. Considering that FAA has not maintained a pace with the fast-growing drone technologies, utility companies have not been able to utilize all the benefits of drones to improve the efficiency and effectiveness of infrastructure inspection and disaster recovery efforts.

The renewable end-user segment is expected to grow at the highest CAGR, from 2018 to 2023.

The renewable end-user segment is expected to grow at the highest CAGR during the forecast period. Increasing investments in renewable energy sources to curb CO2 emissions and the growing need for access to electricity are the major factors driving the growth of the renewable segment of the utility drones market.

North America: The largest market for utility drones

North America is estimated to be the largest market for utility drones in 2018 and is projected to grow at the highest CAGR during the forecast period. Continuous investments in power infrastructure, increasing power consumption, and subsequently increasing focus on renewable power generation are the key factors driving the growth of utility drones in the region. The US accounted for the largest share of the utility drones market in North America in 2017 and has the highest CAGR during the forecast period. Almost all the countries in the region are augmenting their renewable generation capacities. The need of monitoring extra connections in linking solar and wind parks to grids, is forcing utility companies to adopt much more advanced technology for maintenance and inspection of assets.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 30%, Tier 2- 50%, and Tier 3- 20%
  • By Designation: C-Level- 60%, Director Level- 30%, Others*- 10%
  • By Region: Europe- 60%, Asia Pacific- 30%, North America- 10%

Notes: Others includes advisors, business development managers, and engineers.
The tier for the company has been defined on the basis of its total revenue as of 2016: Tier I: >USD 5 billion, Tier II: from USD 1 billion to USD 5 billion, and Tier III: <USD 1 billion.

The leading players in the utility drones market include Cyberhawk (Scotland), Delair (France), Measure (US), PrecisionHawk (US), and HEMAV (Spain).

Research Coverage:

The report defines, describes, and forecasts the global utility drones market by services, by type, by end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the utility drones market.

Why Buy this Report?

  • The report identifies and addresses key markets for utility drones, which would help market players review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABJ Drones
  • Asset Drone
  • Delair
  • Measure
  • Sharper Shape
  • Sky-Futures
  • MORE

1 Introduction
1.1 Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Segmentation
1.4 Years Considered in the Report
1.5 Currency & Pricing
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Utility Drone Market During the Forecast Period
4.2 Utility Drone Market, By Type
4.3 End-To-End Solution, Drone Market, By Service
4.4 Utility Drone Market, By End-User
4.5 Utility Drone Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Growing Global Demand for Minimizing Outages Related to Transmission and Distribution Infrastructure
5.3.2 Time and Cost Efficiency
5.3.3 Reachability in Hazardous Locations
5.4 Restraints
5.4.1 Legal Regulations
5.5 Opportunities
5.5.1 Amendments in Drone Regulations, Permitting Bvlos Flights
5.5.2 Advancements in Drone Technology
5.6 Challenges
5.6.1 Working Safety
5.6.2 Data Protection and Security

6 Utility Drones Market, By Type
6.1 Introduction
6.2 Multi-Rotor
6.3 Fixed Wing

7 Utility Drones Market, By Services
7.1 Introduction
7.2 End-To-End Solution
7.3 Point Solution

9 Utility Drones Market, By End-User
9.1 Introduction
9.2 Power
9.2.1 Generation
9.2.2 Transmission & Distribution
9.3 Renewable
9.3.1 Solar
9.3.2 Wind

10 Utility Drones Market, By Region
10.1 Introduction
10.2 North America
10.2.1 By Type
10.2.2 By Services
10.2.3 By End-User
10.2.4 By Country
10.2.4.1 US
10.2.4.2 Canada
10.2.4.3 Mexico
10.3 Asia Pacific
10.3.1 By Type
10.3.2 By Services
10.3.3 By End-User
10.3.4 By Country
10.3.4.1 China
10.3.4.2 Japan
10.3.4.3 India
10.3.4.4 Australia
10.3.4.5 Rest of Asia Pacific
10.4 Europe
10.4.1 By Type
10.4.2 By Services
10.4.3 By End-User
10.4.4 By Country
10.4.4.1 Germany
10.4.4.2 UK
10.4.4.3 France
10.4.4.4 Rest of Europe
10.5 Middle East & Africa
10.5.1 By Type
10.5.2 By Services
10.5.3 By End-User
10.5.4 By Country
10.5.4.1 Saudi Arabia
10.5.4.2 UAE
10.5.4.3 South Africa
10.5.4.4 Rest of the Middle East & Africa
10.6 South America
10.6.1 By Type
10.6.2 By Services
10.6.3 By End-User
10.6.4 By Country
10.6.4.1 Brazil
10.6.4.2 Argentina
10.6.4.3 Rest of South America

11 Competitive Landscape
11.1 Introduction
11.2 Ranking of Players and Market Structure
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 Partnerships
11.3.3 New Product Launches
11.3.4 Investments & Expansions
11.3.5 Mergers & Acquisitions
11.3.6 Collaborations & Alliances
11.4 Competitive Benchmarking

12 Company Profiles
12.1 Aerodyne
12.1.1 Business Overview
12.1.2 Products Offered
12.1.3 Recent Developments
12.2 Asset Drone
12.2.1 Business Overview
12.2.2 Products Offered
12.3 ABJ Drones
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Recent Developments
12.4 Cyberhawk
12.4.1 Business Overview
12.4.2 Products Offered
12.4.3 Recent Developments
12.5 Delair
12.5.1 Business Overview
12.5.2 Products Offered
12.5.3 Recent Developments
12.6 Hemav
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 Recent Developments
12.7 Measure
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Recent Developments
12.8 Terra Drone
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 Recent Developments
12.9 Sky-Futures
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments
12.10 Precisionhawk
12.10.1 Business Overview
12.10.2 Products Offered
12.10.3 Recent Developments
12.11 Sharper Shape
12.11.1 Business Overview
12.11.2 Products Offered
12.11.3 Recent Developments
12.12 Sky Scape
12.12.1 Business Overview
12.12.2 Products Offered
12.12.3 Recent Developments
12.13 ULC Robotics
12.13.1 Business Overview
12.13.2 Products Offered
12.13.3 Recent Developments

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables
Table 1 Utility Drone Market Snapshot
Table 2 Utility Drones Market, By Type, 2016–2023 (USD Billion)
Table 3 Multi-Rotor Utility Drones Market Size, By Region, 2016–2023 (USD Billion)
Table 4 Fixed Wing Utiltiy Drone Market Size, By Region, 2016–2023 (USD Billion)
Table 5 Utility Drones Market, By Services, 2016–2023 (USD Billion)
Table 6 End-To-End Solution: Utility Drones Market Size, By Region, 2016–2023 (USD Billion)
Table 7 Point Solution: Utility Drones Market Size, By Region, 2016–2023 (USD Million)
Table 8 Utility Drones Market, By End-User, 2016–2023 (USD Billion)
Table 9 Power: Utility Drones Market Size, By Region, 2016–2023 (USD Billion)
Table 10 Power Market, By Type, 2016-2023 (USD Billion)
Table 11 Renewable: Utility Drones Market Size, By Region, 2016–2023 (USD Billion)
Table 12 Renewable Market, By Type, 2016–2023 (USD Billion)
Table 13 Water Utilities: Utility Drones Market Size, By Region, 2016–2023 (USD Million)
Table 14 Utility Drones Market Size, By Region, 2016–2023 (USD Billion)
Table 15 North America: Utility Drones Market Size, By Type, 2016–2023 (USD Billion)
Table 16 North America: Market Size, By Services, 2016–2023 (USD Billion)
Table 17 North America: Market Size, By End-User, 2016–2023 (USD Billion)
Table 18 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 19 US: Utility Drone Market Size, By Type, 2016–2023 (USD Billion)
Table 20 US: Market Size, By End-User, 2016–2023 (USD Billion)
Table 21 Canada: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 22 Canada: Market Size, By End-User, 2016–2023 (USD Million)
Table 23 Mexico: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 24 Mexico: Market Size, By End-User, 2016–2023 (USD Million)
Table 25 Asia Pacific: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 26 Asia Pacific: Market Size, By Services, 2016–2023 (USD Million)
Table 27 Asia Pacific: Market Size, By End-User, 2016–2023 (USD Billion)
Table 28 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 29 China: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 30 China: Market Size, By End-User, 2016–2023 (USD Million)
Table 31 Japan: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 32 Japan: Market Size, By End-User, 2016–2023 (USD Million)
Table 33 India: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 34 India: Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Australia: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 36 Australia: Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Rest of Asia Pacific: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 38 Rest of Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 39 Europe: Utility Drone Market Size, By Type, 2016–2023 (USD Billion)
Table 40 Europe: Market Size, By Services, 2016–2023 (USD Billion)
Table 41 Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 43 Germany: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 44 Germany: Market Size, By End-User, 2016–2023 (USD Million)
Table 45 UK: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 46 UK: Market Size, By End-User, 2016–2023 (USD Million)
Table 47 France: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 48 France: Market Size, By End-User, 2016–2023 (USD Million)
Table 49 Rest of Europe: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 50 Rest of Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 51 Middle East & Africa: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 52 Middle East & Africa: Market Size, By Services, 2016–2023 (USD Million)
Table 53 Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 54 Middle East & Africa: Market Size, By Country, 2016–2023 (USD Million)
Table 55 Saudi Arabia: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 56 Saudi Arabia: Market Size, By End-User, 2016–2023 (USD Million)
Table 57 UAE: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 58 UAE: Market Size, By End-User, 2016–2023 (USD Million)
Table 59 South Africa: Utility Drone Market Size, By Type, 2016–2023 (USD Million)
Table 60 South Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 61 Rest of the Middle East & Africa: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 62 Rest of the Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 63 South America: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 64 South America: Market Size, By Services, 2016–2023 (USD Million)
Table 65 South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 66 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 67 Brazil: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 68 Brazil: Market Size, By End-User, 2016–2023 (USD Million)
Table 69 Argentina: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 70 Argentina: Market Size, By End-User, 2016–2023 (USD Million)
Table 71 Rest of South America: Utility Drones Market Size, By Type, 2016–2023 (USD Million)
Table 72 Rest of South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 73 Cyberhawk, the Most Active Player in the Market Between 2015 and 2018
Table 74 Contracts & Agreements
Table 75 Partnerships
Table 76 New Product Launches
Table 77 Investments & Expansions
Table 78 Mergers & Acquisitions
Table 79 Collaborations & Alliances

List of Figures
Figure 1 Utility Drones Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions
Figure 7 Power Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 End-To-End Segment is Expected to Have the Maximum Market Share During the Forecast Period
Figure 9 Multi-Rotor Segment is Expected to Lead the Utility Drone System Market in 2018
Figure 10 North America is Expected to Dominate the Utility Drone System Market During the Forecast Period
Figure 11 Amendment in Drone Regulation Creates Opportunity for the Utility Drone Market, 2018–2023
Figure 12 Multi-Rotor Segment is Leading the Utility Drone Market, 2018–2023
Figure 13 End-To-End Solution Segment Led the Utility Drone Market in 2018
Figure 14 Power is Expected to Lead the Utility Drone Market During the Forecast Period
Figure 15 North America Region is Expected to Grow at the Fastest CAGR During the Forecast Period
Figure 16 Utility Drones Market: Drivers, Restraints, Opportunities, & Challenges
Figure 17 Multi-Rotor Segment Dominated the Utility Drones Market in 2017
Figure 18 End-To-End Solution Segment Dominated the Utility Drones Market in 2017
Figure 19 Power Segment Dominated the Utility Drones Market in 2017
Figure 20 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America Led the Utility Drones Market in 2017
Figure 22 North America: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Recent Key Developments in the Utility Drones Market
Figure 25 Aerodyne: Company Snapshot
Figure 26 Asset Drone: Company Snapshot
Figure 27 ABJ Drones: Company Snapshot
Figure 28 Cyberhawk: Company Snapshot
Figure 29 Delair: Company Snapshot
Figure 30 Hemav: Company Snapshot
Figure 31 Measure: Company Snapshot
Figure 32 Terra Drone: Company Snapshot
Figure 33 Sky-Futures: Company Snapshot
Figure 34 Precisionhawk: Company Snapshot
Figure 35 Sharper Shape: Company Snapshot
Figure 36 Sky Scape: Company Snapshot
Figure 37 ULC Robotics: Company Snapshot

Note: Product cover images may vary from those shown
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  • Aerodyne
  • Asset Drone
  • ABJ Drones
  • Cyberhawk
  • Delair
  • Hemav
  • Measure
  • Terra Drone
  • Sky-Futures
  • Precisionhawk
  • Sharper Shape
  • Sky Scape
  • ULC Robotics
Note: Product cover images may vary from those shown
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