Market Overview:
The global drone inspection service for renewable energy market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for renewable energy sources, such as wind and solar power, across the globe. In addition, the increasing adoption of drones for various industrial applications is also contributing to the growth of this market. The autonomous drone inspection segment is expected to dominate the global drone inspection service for renewable energy market during the forecast period from 2018 to 2030. This segment is expected to grow at a CAGR of 17% during this period. The manual drone inspection segment is projected to grow at a CAGR of 15% during this same period.
Product Definition:
A drone inspection service for renewable energy is a service that uses drones to inspect renewable energy systems. The importance of drone inspection services for renewable energy is that they can help to identify and fix problems with these systems quickly and efficiently.
Autonomous Drone Inspection:
Autonomous drone inspection is a new technology that has been evolving over the past few years. It has gained significant traction in the oil and gas sector, where it is used to monitor pipelines for corrosion & maintenance purposes. Autonomous drones are also being extensively used in agriculture fields to gather data on crop health and analyze yield levels.
Manual Drone Inspection:
Manual drone inspection is a technique where a person uses their own drone to take photographs and videos of power lines, transmission towers, gas plants, wind farms and other infrastructure. The images captured by the drones are then used for conducting an inspection. These inspections are conducted to determine if there any damages in the infrastructure such as breaks in high voltage lines or cables or corrosion on wind turbine blades which may cause electrocution risk for operators and technicians.
Application Insights:
The wind turbines application segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for clean energy owing to rapid industrialization, urbanization and population growth will drive the renewable energy sector, which will further propel demand for drones in this sector.
Solar farms are expected to be one of the fastest-growing applications due to increasing government support & focus on alternative sources of electricity generation that do not involve combustion engines or fossil fuels.
Regional Analysis:
North America accounted for the largest revenue share of over 35% in 2017. The region is expected to continue its dominance over the forecast period, with a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing drone activities across various industries, such as agriculture and oil & gas sectors. Moreover, growing demand for UAVs in agricultural applications has led North America market players to adopt inspection services offered by drones.
The European Union has framed numerous regulations regarding the use of drones in commercial applications owing to increased awareness about their benefits among businesses and consumers alike in Europe and Asia Pacific regions respectively). These rules are anticipated to create challenges for market players operating within these markets but also offer opportunities for inspection service providers as they would have a competitive edge when compared with other companies not using drone technology across their business operations (manual or autonomous) thereby driving regional growth prospects forward (APAC being one of them).
Growth Factors:
- Increasing demand for renewable energy: The global demand for renewable energy is increasing rapidly due to the growing concerns about climate change and air pollution. This is driving the growth of the drone inspection service market for renewable energy.
- Rising investment in renewables: Governments and private investors are investing heavily in renewables, which is fueling the growth of the drone inspection service market for renewable energy.
- Technological advancements: The technological advancements in drones are helping to drive down the costs of drone inspection services, thereby boosting their adoption across various industries, including renewables.
- Stringent regulations on emissions from traditional power plants: Stringent regulations on emissions from traditional power plants are encouraging governments and private investors to shift towards renewables, thereby driving the growth of the drone inspection service market for renewable energy. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Drone Inspection Service for Renewable Energy Market Research Report
By Type
Autonomous Drone Inspection, Manual Drone Inspection
By Application
Wind Turbines, Solar Farms, Others
By Companies
Cyberhawk Innovations Limited, Martek Aviation, Flyguys, Sensyn Robotics, PrecisionHawk, ABJ Renewables, Sky Futures, Above Surveying, Garudauav, Precisionxyz
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Drone Inspection Service for Renewable Energy Market Report Segments:
The global Drone Inspection Service for Renewable Energy market is segmented on the basis of:
Types
Autonomous Drone Inspection, Manual Drone Inspection
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wind Turbines, Solar Farms, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cyberhawk Innovations Limited
- Martek Aviation
- Flyguys
- Sensyn Robotics
- PrecisionHawk
- ABJ Renewables
- Sky Futures
- Above Surveying
- Garudauav
- Precisionxyz
Highlights of The Drone Inspection Service for Renewable Energy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Autonomous Drone Inspection
- Manual Drone Inspection
- By Application:
- Wind Turbines
- Solar Farms
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drone Inspection Service for Renewable Energy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drone inspection service for renewable energy is a technology that uses unmanned aerial vehicles (UAVs) to inspect and monitor the condition of renewable energy installations. UAVs can provide detailed images of wind turbines, solar panels, and other types of renewable energy equipment in order to identify any issues early on and prevent them from becoming major problems. By doing this, drone inspection service for renewable energy can help ensure that these systems are functioning properly and producing the desired results.
Some of the key players operating in the drone inspection service for renewable energy market are Cyberhawk Innovations Limited, Martek Aviation, Flyguys, Sensyn Robotics, PrecisionHawk, ABJ Renewables, Sky Futures, Above Surveying, Garudauav, Precisionxyz.
The drone inspection service for renewable energy market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drone Inspection Service for Renewable Energy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drone Inspection Service for Renewable Energy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drone Inspection Service for Renewable Energy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drone Inspection Service for Renewable Energy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drone Inspection Service for Renewable Energy Market Size & Forecast, 2018-2028
4.5.1 Drone Inspection Service for Renewable Energy Market Size and Y-o-Y Growth
4.5.2 Drone Inspection Service for Renewable Energy Market Absolute $ Opportunity
Chapter 5 Global Drone Inspection Service for Renewable Energy Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Drone Inspection Service for Renewable Energy Market Size Forecast by Type
5.2.1 Autonomous Drone Inspection
5.2.2 Manual Drone Inspection
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drone Inspection Service for Renewable Energy Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Drone Inspection Service for Renewable Energy Market Size Forecast by Applications
6.2.1 Wind Turbines
6.2.2 Solar Farms
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drone Inspection Service for Renewable Energy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drone Inspection Service for Renewable Energy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Drone Inspection Service for Renewable Energy Analysis and Forecast
9.1 Introduction
9.2 North America Drone Inspection Service for Renewable Energy Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Drone Inspection Service for Renewable Energy Market Size Forecast by Type
9.6.1 Autonomous Drone Inspection
9.6.2 Manual Drone Inspection
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Drone Inspection Service for Renewable Energy Market Size Forecast by Applications
9.10.1 Wind Turbines
9.10.2 Solar Farms
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Drone Inspection Service for Renewable Energy Analysis and Forecast
10.1 Introduction
10.2 Europe Drone Inspection Service for Renewable Energy Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Drone Inspection Service for Renewable Energy Market Size Forecast by Type
10.6.1 Autonomous Drone Inspection
10.6.2 Manual Drone Inspection
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Drone Inspection Service for Renewable Energy Market Size Forecast by Applications
10.10.1 Wind Turbines
10.10.2 Solar Farms
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Drone Inspection Service for Renewable Energy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drone Inspection Service for Renewable Energy Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Drone Inspection Service for Renewable Energy Market Size Forecast by Type
11.6.1 Autonomous Drone Inspection
11.6.2 Manual Drone Inspection
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Drone Inspection Service for Renewable Energy Market Size Forecast by Applications
11.10.1 Wind Turbines
11.10.2 Solar Farms
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Drone Inspection Service for Renewable Energy Analysis and Forecast
12.1 Introduction
12.2 Latin America Drone Inspection Service for Renewable Energy Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Drone Inspection Service for Renewable Energy Market Size Forecast by Type
12.6.1 Autonomous Drone Inspection
12.6.2 Manual Drone Inspection
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Drone Inspection Service for Renewable Energy Market Size Forecast by Applications
12.10.1 Wind Turbines
12.10.2 Solar Farms
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Drone Inspection Service for Renewable Energy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drone Inspection Service for Renewable Energy Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Drone Inspection Service for Renewable Energy Market Size Forecast by Type
13.6.1 Autonomous Drone Inspection
13.6.2 Manual Drone Inspection
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Drone Inspection Service for Renewable Energy Market Size Forecast by Applications
13.10.1 Wind Turbines
13.10.2 Solar Farms
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drone Inspection Service for Renewable Energy Market: Competitive Dashboard
14.2 Global Drone Inspection Service for Renewable Energy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cyberhawk Innovations Limited
14.3.2 Martek Aviation
14.3.3 Flyguys
14.3.4 Sensyn Robotics
14.3.5 PrecisionHawk
14.3.6 ABJ Renewables
14.3.7 Sky Futures
14.3.8 Above Surveying
14.3.9 Garudauav
14.3.10 Precisionxyz
