Market Overview:
Electric power inspection drones are used to inspect the condition of electric power transmission lines and substations. These drones are equipped with sensors that can capture high-resolution images and videos of the infrastructure. The data collected by these sensors is used to identify defects in the electric power infrastructure and help in its maintenance. The global electric power inspection drone market is expected to grow at a CAGR of 10.5% during the forecast period 2018-2030. The growth of this market is mainly driven by the increasing demand for electricity worldwide and the need for timely maintenance of electric power infrastructure. Additionally, government regulations mandating regular inspections of critical infrastructure are also contributing to the growth of this market. The global electric power inspection drone market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into fixed wing drones and rotor wing drones . On the basis on application, it can be classified into electric power sector and wind turbine sector . Regionally, it can be segmented into North America , Latin America , Europe , Asia Pacific , Middle East & Africa .
Product Definition:
An inspection drone is a small unmanned aerial vehicle used for inspecting objects or areas that are difficult to reach or view. They are commonly used in electric power facilities to inspect high-voltage transmission lines and other electrical infrastructure.
Fixed Wing:
Fixed-wing aircraft are generally propeller-driven and can be classified as general aviation or commercial. They are used for various applications such as firefighting, police patrol, air ambulance services, etc. The market is expected to witness significant growth over the forecast period owing to increasing demand in aerial photography and surveillance activities along with rising application scope in inspection drones in electric power sector.
The global fixed wing drone market size was valued at USD 575 million in 2016.
Rotor Wing:
Rotor wing is a device that is mounted on the top of drones which helps in maintaining its balance and allows it to fly in any direction. It also provides stability while flying the drone. The main function of these devices is to provide an upward force, when a drone is in motion, so as to keep itself airborne.
In addition, they also help in providing downward force when needed; this helps drones land safely without any accidents or incidents occurring during landing or crashes.
Application Insights:
Electric power application segment accounted for the largest share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing demand for grid-scale power generation, transmission & distribution system maintenance, and other related activities that require aerial imaging. Drones equipped with high-definition cameras enable operators to carry out inspection quickly and precisely while reducing overall costs associated with labor, materials, etc. The wind power application segment is also expected to witness considerable growth during the forecast period owing to rising need for onshore & offshore wind energy installation monitoring as well as turbine performance assessment which requires frequent flyovers at different altitudes in order to capture accurate images of large areas from a bird's eye viewpoint thus providing an effective solution in minimizing time consumed by ground crews while conducting inspections thereby boosting market growth during the estimated time frame.
Regional Analysis:
North America accounted for the largest market share in 2017 owing to the presence of key companies, such as 3D Robotics, Inc.; Ascending Technologies; and InsituGroup. The region is expected to continue its dominance over the forecast period due to increasing demand for drones used for utility inspection from power generation facilities.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising government initiatives encouraging utility companies and other organizations operating in critical industries such as oil & gas and power generation. Rising adoption by these sectors has led drone manufacturers based out of Asia Pacific region gain a competitive edge over others globally.
Growth Factors:
- Increasing demand for electric power due to rapid industrialization and urbanization in emerging countries
- Rising concerns over safety and security of the electric grid infrastructure
- Proliferation of smart grids and the Internet of Things (IoT) that are creating new opportunities for inspection drones
- Growing demand for renewable energy sources such as solar and wind that need regular inspection for performance monitoring
- Advances in drone technology and artificial intelligence that are making inspection drones more efficient, reliable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Inspection Drones in Electric Power Market Research Report
By Type
Fixed Wing, Rotor Wing
By Application
Electric Power, Wind Power
By Companies
DJI, MIR Innovation, Airwing, MicroMultiCopter Aero Technology, Parrot, JYU, AEE, 3D Robotics, AscTec, XAIRCRAFT, Zero Tech, AeroVironment
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Inspection Drones in Electric Power Market Report Segments:
The global Inspection Drones in Electric Power market is segmented on the basis of:
Types
Fixed Wing, Rotor Wing
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
Electric Power, Wind Power
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:
- DJI
- MIR Innovation
- Airwing
- MicroMultiCopter Aero Technology
- Parrot
- JYU
- AEE
- 3D Robotics
- AscTec
- XAIRCRAFT
- Zero Tech
- AeroVironment
Highlights of The Inspection Drones in Electric Power 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:
- Fixed Wing
- Rotor Wing
- By Application:
- Electric Power
- Wind Power
- 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 Inspection Drones in Electric Power 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?
Inspection drones are unmanned aerial vehicles (UAVs) that are used to inspect power lines, substations, and other infrastructure. They can help identify potential problems with the electric grid and make necessary repairs.
Some of the major companies in the inspection drones in electric power market are DJI, MIR Innovation, Airwing, MicroMultiCopter Aero Technology, Parrot, JYU, AEE, 3D Robotics, AscTec, XAIRCRAFT, Zero Tech, AeroVironment.
The inspection drones in electric power market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inspection Drones in Electric Power 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 Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Size & Forecast, 2018-2028
4.5.1 Inspection Drones in Electric Power Market Size and Y-o-Y Growth
4.5.2 Inspection Drones in Electric Power Market Absolute $ Opportunity
Chapter 5 Global Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Size Forecast by Type
5.2.1 Fixed Wing
5.2.2 Rotor Wing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Size Forecast by Applications
6.2.1 Electric Power
6.2.2 Wind Power
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inspection Drones in Electric Power 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 Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Analysis and Forecast
9.1 Introduction
9.2 North America Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Size Forecast by Type
9.6.1 Fixed Wing
9.6.2 Rotor Wing
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 Inspection Drones in Electric Power Market Size Forecast by Applications
9.10.1 Electric Power
9.10.2 Wind Power
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 Inspection Drones in Electric Power Analysis and Forecast
10.1 Introduction
10.2 Europe Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Size Forecast by Type
10.6.1 Fixed Wing
10.6.2 Rotor Wing
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 Inspection Drones in Electric Power Market Size Forecast by Applications
10.10.1 Electric Power
10.10.2 Wind Power
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 Inspection Drones in Electric Power Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Size Forecast by Type
11.6.1 Fixed Wing
11.6.2 Rotor Wing
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 Inspection Drones in Electric Power Market Size Forecast by Applications
11.10.1 Electric Power
11.10.2 Wind Power
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 Inspection Drones in Electric Power Analysis and Forecast
12.1 Introduction
12.2 Latin America Inspection Drones in Electric Power 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 Inspection Drones in Electric Power Market Size Forecast by Type
12.6.1 Fixed Wing
12.6.2 Rotor Wing
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 Inspection Drones in Electric Power Market Size Forecast by Applications
12.10.1 Electric Power
12.10.2 Wind Power
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) Inspection Drones in Electric Power Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Inspection Drones in Electric Power 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) Inspection Drones in Electric Power Market Size Forecast by Type
13.6.1 Fixed Wing
13.6.2 Rotor Wing
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) Inspection Drones in Electric Power Market Size Forecast by Applications
13.10.1 Electric Power
13.10.2 Wind Power
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 Inspection Drones in Electric Power Market: Competitive Dashboard
14.2 Global Inspection Drones in Electric Power Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DJI
14.3.2 MIR Innovation
14.3.3 Airwing
14.3.4 MicroMultiCopter Aero Technology
14.3.5 Parrot
14.3.6 JYU
14.3.7 AEE
14.3.8 3D Robotics
14.3.9 AscTec
14.3.10 XAIRCRAFT
14.3.11 Zero Tech
14.3.12 AeroVironment
