Drone Inspection and Monitoring Market Growth, Size, Trends, Demand, Share and Future Outlook
Drone Inspection and Monitoring Market Size- By Solution, By Type, By Operation Mode, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: IACT2429 | Pages: 1 - 244 | Formats*: |
| Category : Information & Communications Technology | |||
Drone Inspection and Monitoring Market Introduction and Overview
According to SPER Market Research, the Global Drone Inspection and Monitoring Market is estimated to reach USD 55.36 billion by 2033 with a CAGR of 16.39%.
The report includes an in-depth analysis of the Global Drone Inspection and Monitoring Market, including market size and trends, product mix, applications, and supplier analysis. A drone-based method for mapping, monitoring, and inspection tasks is Global Drone Inspection and Monitoring. Businesses can use this platform to plan and carry out their operations, keep an eye on the drones in real time, and generate reports and analyses from the comfort of their own offices. The process of using drones to gather visual data of a situation for examination and monitoring is known as "drone examination and monitoring." This eliminates the need for workers to go to sensitive or hazardous locations, such as hazardous mining sites or chemical falls.
- Intertek Group plc introduced Intertek Group plc Green R&D, a cutting-edge integrated solution, in December 2022. The new approach might guarantee the sustainability, quality, and safety features that are maximized throughout the product lifecycle.
- DJI created the DJI Mini 3, a tiny, incredibly light camera drone that weighs less than 249 grams, in December 2022. It is made so that anyone, anywhere, can use it.
Market Opportunities and Challenges
Opportunities: LIDAR technology advancements for commercial drones. In the commercial drone sector, light detection and ranging, or LiDAR, is an essential tool. Drones equipped with the incredibly accurate and precise LiDAR sensors pulse lasers to gather measurements that are then used to create precise maps and three-dimensional models of the surrounding area and objects. The surface elevation value hidden by trees or other forest cover may be overlooked by standard photogrammetry or other survey technologies. But LIDAR can see right through an object to find its surface value. Thus, it finds many uses in inspection and monitoring, such as environmental assessment, planning and management of forests, flood modeling, and precision agriculture.
A number of challenges prevent the global Global Drone Inspection and Monitoring market from expanding and becoming widely used. The management of airspace and the regulatory framework present a significant challenge. Regulations become more complicated and frequently inconsistent as drone technology develops because regulatory bodies find it difficult to keep up with the changing capabilities. The absence of uniform regulations impedes the smooth implementation of drone-based inspection and monitoring services worldwide. Significant obstacles also arise from privacy and data security concerns. Concerns about the gathering, storing, and sharing of private information are brought up by the use of drones for surveillance; therefore, strong security protocols and open regulations are needed to allay public fears.
Market Competitive Landscape
The report includes competitive analysis and profiles of the major Global Drone Inspection and Monitoring market players, including American Robotics, Aerovironment Inc., Ageagle Aerial Systems Inc., DJI, Israel Aerospace Industries, Microdrones, Parrot Drones, PrecisionHawk, Trimble Inc., and Yamaha Motor Corp. These key players have increased their market penetration through strategies such as product portfolio expansion, mergers and acquisitions, agreements, regional expansion, and collaboration.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Solution, By Type, By Operation Mode, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Aerovironment Inc., Yamaha Motor Corp., DJI, PrecisionHawk, Trimble Inc., Israel Aerospace Industries, Parrot Drones, Microdrones, American Robotics, Ageagle Aerial Systems Inc. |
COVID-19 Impact on Global Drone Inspection and Monitoring Market
There have been both positive and negative effects on the global Drone Inspection and Monitoring market from the COVID-19 pandemic. Positively, especially in industries like infrastructure, agriculture, and healthcare, the crisis has sped up the use of drone technology for inspection and monitoring. Drones have been used to perform tasks such as inspecting vital infrastructure without requiring human intervention, monitoring social distancing measures, and performing thermal imaging for fever detection. But the pandemic has also brought with it difficulties for the market. Drone component production and availability have been impacted by supply chain disruptions, resulting in higher costs and production delays. International market expansion has also been impacted by travel restrictions and lockdowns, which have made it more difficult to use drones for cross-border operations.
Key Target Audience:
- Infrastructure and Construction Companies
- Energy Sector
- Agriculture
- Technology Providers
- Telecommunication Companies
Our in-depth analysis of the Drone Inspection and Monitoring Market includes the following segments:
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Key Topics Covered in the Report:
- Global Drone Inspection and Monitoring Market Size (FY’2023-FY’2033)
- Overview of Global Drone Inspection and Monitoring Market
- Segmentation of Global Drone Inspection and Monitoring Market By Solution (Platform, Software, Infrastructure, Services)
- Segmentation of Global Drone Inspection and Monitoring Market By Type (Fixed Wing, Multirotor, Hybrid)
- Segmentation of Global Drone Inspection and Monitoring Market By Operation Mode (Remotely Piloted, Optionally Piloted, Fully Autonomous)
- Segmentation of Global Drone Inspection and Monitoring Market By Application (Construction & Infrastructure, Oil & Gas, Mining, Agriculture, Utilities, Others)
- Statistical Snap of Global Drone Inspection and Monitoring Market
- Expansion Analysis of Global Drone Inspection and Monitoring Market
- Problems and Obstacles in Global Drone Inspection and Monitoring Market
- Competitive Landscape in the Global Drone Inspection and Monitoring Market
- Impact of COVID-19 on Global Drone Inspection and Monitoring Market
- Details on Current Investment in Global Drone Inspection and Monitoring Market
- Competitive Analysis of Global Drone Inspection and Monitoring Market
- Prominent Players in the Global Drone Inspection and Monitoring Market
- SWOT Analysis of Global Drone Inspection and Monitoring Market
- Global Drone Inspection and Monitoring Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Drone Inspection and Monitoring Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Drone Inspection and Monitoring Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Drone Inspection and Monitoring Market
7. Drone Inspection and Monitoring Market, By Solution (USD Million)
7.1. Drone Inspection and Monitoring Market Value Share and Forecast, By Solution, 2023-20337.2. Platform7.2.1. Airframe7.2.2. Avionics7.2.3. Propulsion7.2.4. Payload7.3. Software7.4. Infrastructure7.5. Services
8. Drone Inspection and Monitoring Market, By Type (USD Million)
8.1. Drone Inspection and Monitoring Market Value Share and Forecast, By Type, 2023-20338.2. Fixed Wing8.3. Multirotor8.4. Hybrid
9. Drone Inspection and Monitoring Market, By Operation Mode (USD Million)
9.1. Drone Inspection and Monitoring Market Value Share and Forecast, By Operation Mode, 2023-20339.2. Remotely Piloted9.3. Optionally Piloted9.4. Fully Autonomous
10. Drone Inspection and Monitoring Market, By Application (USD Million)
10.1. Drone Inspection and Monitoring Market Value Share and Forecast, By Application, 2023-203310.2. Construction & Infrastructure10.3. Oil & Gas10.4. Mining10.5. Agriculture10.6. Utilities10.7. Others
11. Drone Inspection and Monitoring Market Forecast, 2019-2033 (USD Million)
11.1. Drone Inspection and Monitoring Market Size and Market Share
12. Drone Inspection and Monitoring Market, By Solution 2019-2033 (USD Million)
12.1. Drone Inspection and Monitoring Market Size and Market Share By Solution (2019-2026)12.2. Drone Inspection and Monitoring Market Size and Market Share By Solution (2027-2033)
13. Global Drone Inspection and Monitoring Market, By Type, 2019-2033 (USD Million)
13.1. Drone Inspection and Monitoring Market Size and Market Share By Type (2019-2026)13.2. Drone Inspection and Monitoring Market Size and Market Share By Type (2027-2033)
14. Global Drone Inspection and Monitoring Market, By Operation Mode, 2019-2033 (USD Million)
14.1. Drone Inspection and Monitoring Market Size and Market Share By Operation Mode (2019-2026)14.2. Drone Inspection and Monitoring Market Size and Market Share By Operation Mode (2027-2033)
15. Global Drone Inspection and Monitoring Market, By Application, 2019-2033 (USD Million)
15.1. Drone Inspection and Monitoring Market Size and Market Share By Application (2019-2026)15.2. Drone Inspection and Monitoring Market Size and Market Share By Application (2027-2033)
16. Global Drone Inspection and Monitoring Market, By Region, 2019-2033 (USD Million)
16.1. Drone Inspection and Monitoring Market Size and Market Share By Region (2019-2026)16.2. Drone Inspection and Monitoring Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Ageagle Aerial Systems Inc.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Aerovironment Inc.17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. American Robotics17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. DJI17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Israel Aerospace Industries17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Microdrones17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Parrot Drones17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. PrecisionHawk17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Trimble Inc.17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Yamaha Motor Corp.17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the market include Companies Covered Aerovironment Inc., Yamaha Motor Corp., DJI, PrecisionHawk, Trimble Inc., Israel Aerospace Industries, Parrot Drones, Microdrones, American Robotics, Ageagle Aerial Systems Inc.
Drone Inspection and Monitoring Market, including market size and trends, product mix, applications, and supplier analysis. A drone-based method for mapping, monitoring, and inspection tasks is Global Drone Inspection and Monitoring.
Drone Inspection and Monitoring Market is projected to reach USD 55.36 billion by 2033, growing at a CAGR of 16.39% during the forecast period.
Drone Inspection and Monitoring Market grew in market size from 2023. The Market is expected to reach USD 55.36 billion by 2033, at a CAGR of 16.39% during the forecast period.
Drone Inspection and Monitoring Market CAGR of 16.39% during the forecast period.
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Drone Inspection and Monitoring Market size is USD 55.36 billion from 2023 to 2033.
Drone Inspection and Monitoring Market Segment is Covered By Solution, By Type, By Operation Mode, By Application
The North America region is anticipated to have the highest market share in Drone Inspection and Monitoring Market.
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