Utility Drones Market Size, Segmentation Analysis, Key Company Profiles, CAGR, Forecast, 2022-2028

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The Utility Drones Market size was valued at USD 11.52 Billion in 2020 and is projected to reach USD 17.45 Billion by 2028, growing at a CAGR of 6.1% from 2020 to 2028.

Utility Drones Market Overview:

Utility drone market the size was valued at USD 11.52 Billion in 2020 and is projected to reach USD 17.45 Billion by 2028, growing at a CAGR of 6.1% from 2020 to 2028. Utility drone market growth is driven by the growing adoption of drone technology in industrial sectors including agriculture, mining and construction especially, in the agricultural sector drones are widely used to monitor farmland to enable farmers to respond quickly to threats such as drought and pests. This will promote the growth of the market. The Global UAV Drones Market report provides a holistic assessment of the market. The report offers a comprehensive analysis of the key segments, trends, drivers, restraints, competitive landscape, and factors that play a significant role in the market.

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Market segmentation :

On the basis of type, the global utility drone market has been categorized into multi-rotor and fixed-wing. Multi-rotor type accounted for the largest global market share in 2018 and is expected to maintain its market dominance over the forecast period as they are cheap and easily available in the market. Multi-rotor drones are also used for aerial inspection and photography, which is expected to drive its growth over the next five years.

North America accounted for a significant share of the global utility drone market in 2020. The regional growth can be attributed to the increasing emphasis on research and development activities and the presence of large vendors, especially in countries such as the United States and Canada. Additionally, innovations in drone analytics along with favorable government regulations in the region are expected to fuel the regional market. The Asia-Pacific region with its emerging economies such as China and India is also expected to provide lucrative growth opportunities for utility drone vendors. Rising private financing and investments in power infrastructure development, establishment of long transmission lines and adoption of renewable energy sources are the major factors that are likely to positively influence the utility drone market in the region.

Some of the major players in the global utility drone market are Aerodyne SYSTEMS SDN BHD, Asset Drone, Cyberhawk Innovations Limited, ABJ Drones, and others.

Presentation of the segments: The Utility Drones Market is segmented as follows:

Market, by type:

Multi Rotor

fixed wing

Market, by Services:

End-to-end solution

Point solution

Market, by end user:

Able

Generation

Transportation & Distribution

Renewable

Solar

Wind

Market, by region:

Asia Pacific

China

India

Japan

South Korea

Australia

Indonesia

Malaysia

Europe

France

Germany

UK

Italy

Spain

North America

United States

Mexico

Canada

South America

Brazil

Argentina

Colombia

Middle East and Africa

South Africa

Saudi Arabia

United Arab Emirates

Qatar

Competitive landscape

Company Profiles: Detailed analysis of the major companies operating in the global Utility Drones market.

A selection of companies mentioned in this report include:

Abj Drones

Aerodyne Group – Aerodyne Systems Sdn. Bhd.

active drone

Cyberhawk Innovations Ltd.

Delair SAS

Hemav SL

UAS Measurement, Inc.

Precisionhawk Inc.

Sharper shape inc.

Skyscape Industries

Sky Futures

Terra Drone Corporation

Ulc Robotics

Full report @ https://www.statisticalinsights.com/main-report/86-Utility-Drones-Market

Contents

Chapter 1 Executive Summary

Chapter 2 Abbreviations and Acronyms

Chapter 3 Preface

Chapter 4 Market Landscape

Chapter 5 Market Trend Analysis

Chapter 6 Industry Chain Analysis

Chapter 7 Latest Market Dynamics

Chapter 8 Business Analysis

Chapter 9 Historical and Forecast Utility Drones Market in North America (2020-2028)

Chapter 10 Historical and Forecast Utility Drones Market in South America (2020-2028)

Chapter 11 Historical and Forecast Utility Drones Market in Asia & Pacific (2020-2028)

Chapter 12 Historical and Forecast Utility Drones Market in Europe (2020-2028)

Chapter 13 Historical and Forecast Utility Drones Market in MEA (2020-2028)

Chapter 14 Global Utility Drones Market Summary (2020-2028)

Chapter 15 Global Utility Drones Market Forecast (2020-2028)

Chapter 16 Global Major Suppliers Analysis

Tables and figures

Carry on…

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