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  • 26 March 2019 22:36

Utility Drones Market Growing Rapidly due to Growing Need to Minimize Power Outages

Global Utility Drones Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027

Utility drones are unmanned aerial vehicles used in utility industry to maintain and inspect transmission, and distribution of electric power. Drones are effective device to assist in various operations. Drones are also able to detect threats and damages in energy grid caused by dangerous obstacles and natural disasters such as earthquakes, storms, etc. It is also used to gather data and capture images with the use of light detector and ranging (LiDAR) technology, positioning sensor, other sensors and cameras.

Utility companies spend high amount of money in building energy distribution infrastructure. Disturbance in electrical power supply can cause huge damages to the industries depended upon electrical supply. Growing need to minimize power outages is a major factor driving growth of the global Utility Drones Market. Drones attached with cameras and sensors help to provide information, images and video feed in real time.

Use of drones for surveillance and inspection is another major factor fueling growth of the global utility drones market. Drones make it possible to monitor complex structures and inspect facilities such as oil and gas refineries, flare stacks, pipelines that are physically hostile and hazardous to environment and for individuals. Increasing use of drones in hazardous environment is a factor expected to boost growth of the global utility drones market in the near future.

Segment Analysis:

On the basis of type, the multi-rotor segment is expected to dominate in the global utility drones market in terms of revenue, and is anticipated to register highest CAGR in the near future. Utility drones provide accuracy and functionality in low cost, which is one of the major factors driving growth of the segment in the target market.

Regional Analysis:

Market in North America is estimated to account for major share in terms of revenue in the global market, and is expected to maintain its position over the forecast period. Increasing use of renewable energy resources is among some of the major factors expected to drive growth of the target market in this region. Government regulations regarding usage of utility robots is a factor that could affect growth of the target market in North America region. Asia Pacific market in anticipated to register high growth in terms of revenue in the near future, followed by markets in Europe, Middle East & Africa, Latin America.

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