The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Utility Drone Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Utility Drone Industry Analytical Overview (2024-2029): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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 report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2029.
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What is Included in Utility Drone Market Segmentation?
The report has segmented the market into the following categories:
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
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Key Factor Driver Utility Drone Industry Growth by 2029
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.
Who are the Key Players Operating in the Utility Drone Industry?
The top companies of the Utility Drone market ruling the industry are:
- Asset Drone
- Cyberhawk
- ABJ Drones
- Terra Drone
- Measure
- Sharper Shape
- Sky Scape
- ULC Robotics
- Sky-Futures
- Precisionhawk
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FAQs (Frequently Ask Questions)
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