MarkNtel Advisors – Leading Market Research Company found Global Utility Drone Market is expected to reach 29.12% CAGR Growth By 2029.
This report provides a comprehensive analysis of the Global Utility Drone Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Utility Drone Market
Base Year: 2023
Forecast Years: 2024-2029
Historical Years: 2019-2022
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- - https://www.marknteladvisors.com/query/request-sample/global-utility-drone-market.html
Scope of the Utility Drone Market Report:
The Global Utility Drone Market is valued at around USD 318 million in 2023 and is estimated to grow at a CAGR of around 29.12% during the forecast period, i.e., 2024-29. The market growth is likely to be driven primarily by the mounting need to reduce outages associated with power infrastructures, coupled with enhancing the cost & time efficiency in asset management & reachability at hazardous locations. The commercial use of drones is anticipated to display an exponential rise in the coming years as numerous start-ups are emerging across developing economies.
Which prominent factor is expected to drive the Utility Drone Market during 2024-29?
Rising Infrastructure Inspection Driving the Demand for Utility Drone in the Market – The market for drone-based infrastructure inspection has experienced substantial growth during the historical years. This is primarily due to safety concerns, which prompted utility companies to increasingly rely on drones for inspecting critical infrastructure like power lines, pipelines, and bridges, as they eliminate the need for human workers to access hazardous or hard-to-reach areas.
This prioritization of safety, along with the ability of drones to capture high-quality data for thorough inspections has significantly improved maintenance efficiency & reduced downtime. Furthermore, the cost-effectiveness of drone-based inspections compared to traditional methods, such as helicopter flyovers, has driven adoption among various government authorities.
What are the different Segment Available in the Utility Drone Market?
By Type
- Multi Rotor
- Fixed Wing
By Services
- End-to-End Solution
- Point Solution
By End User
- Power Vertical
- Power Generation
- Power Transmission
- Renewable Vertical
- Wind
- Solar
By Application
- Real-time Monitoring
- Risk Identification & Management
- Asset Management
- Predictive Maintenance
- Others
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-utility-drone-market.html
Leading Utility Drone companies operating in the Market
- Asset Drone
- Cyberhawk
- ABJ Drones
- Terra Drone
- Measure
- Sharper Shape
- Sky Scape
- ULC Robotics
- Sky-Futures
- Precisionhawk.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
About Us –
We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Contact Us –
Call +1 628 895 8081 +91 120 4278433
Email: sales@marknteladvisors.com
Comments (0)