Market Overview:
The global oil and gas drones market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for unmanned aerial vehicles (UAVs) for various applications such as oil and gas inspection, environmental impact assessment, and others. Additionally, the increasing demand for drones in the commercial sector is also contributing to the growth of this market. Based on type, the global oil and gas drones market can be segmented into single rotor drones and multirotor drones. Single rotor drones are expected to dominate this market during the forecast period owing to their low cost and easy operability. Based on application, this market can be segmented into oil & gas inspection, environmental impact assessment (EIA), land surveying & mapping, pipeline monitoring & security, power line inspection & maintenance,, wind turbine blade inspections,, offshore platform inspections,, seabed surveys,, cargo delivery,.and others The EIA segment is projected to grow at a high CAGR duringthe forecast period owingto th growing awareness aboutenvironmental issuesamongst consumers.Geographically,.Latin America,.Europe., Asia Pacific.,and Middle East&Africa.
Product Definition:
Oil & Gas Drones are drones used in the oil and gas industry. They are used to inspect pipelines, platforms, and other infrastructure. They can also be used to detect leaks and spills.
Single Rotor:
Single rotor is a type of drone which has only one main rotor, the other rotors are used to provide stability and counter torque. The single main rotor drones can be either fixed-wing or Rotorcraft. These types of drones are usually used for basic applications such as surveillance, monitoring and mapping among others in various verticals such as oil & gas, utilities among others.
Multi Rotor:
Multi rotor is a type of drone which consists of more than two rotors. The number of rotors can vary from four to eight or even more. In multi rotor drones, each arm has its own propeller and it’s driven by its own motor so that the flight path is not dependent on the position and speed of any single component but rather on the sum total effect produced by all components working together in synchronization.
Application Insights:
The others application segment includes land management, infrastructure inspection and monitoring, utility line clearance, etc. The oil & gas inspection segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing investments by O&G companies in order to gain a competitive edge over rivals. For instance, as per the annual Oil & Gas Report published by Wood Mackenzie Ltd., there were around 1 million square kilometers of onshore conventional reserves and around 40 billion barrels of offshore conventional reserves at the end of 2016 across 60 countries worldwide (excluding China). This represents an estimated potential resource base for onshore operations that is nearly three times larger than current proven reserves.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand from oil and gas exploration activities. In addition, growing use of drones for pipeline inspection and maintenance is anticipated to drive regional growth.
The European market was valued at USD Xtackle with a CAGR of XX% over the forecast period on account of rising demand from utility sector coupled with stringent regulations regarding safety standards associated with energy infrastructure projects in Italy, Germany, France and U.K.
Asia Pacific is projected as one of the fastest-growing regions due to increasing adoption by oilfield services companies operating across offshore E&P sites particularly in China.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization.
- Rising exploration and production activities in difficult-to-reach or environmentally sensitive areas.
- Development of advanced drone technologies that can help operators reduce costs and improve safety performance.
- Proliferation of small Unmanned Aerial Systems (sUAS) that are easier to operate, maintain, and afford than traditional manned aircraft systems used in the oil & gas industry today . 5 Increased focus on reducing greenhouse gas emissions from the oil & gas sector, which is driving the adoption of new technologies such as drones that can help improve efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil & Gas Drones Market Research Report
By Type
Single Rotor, Multi Rotor
By Application
Oil & Gas Inspection, Environmental Impact Assessment, Others
By Companies
Aeryon Labs Inc., Lockheed Martin, Textron Inc., Leonardo S.p.a., Proxy Technologies Inc., The Boeing Company, Draganfly Innovations Inc., Aerovironment Inc., Altavian Inc., BAE Systems Plc, Aeryon Labs Inc.
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Oil & Gas Drones Market Report Segments:
The global Oil & Gas Drones market is segmented on the basis of:
Types
Single Rotor, Multi Rotor
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
Oil & Gas Inspection, Environmental Impact Assessment, 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:
- Aeryon Labs Inc.
- Lockheed Martin
- Textron Inc.
- Leonardo S.p.a.
- Proxy Technologies Inc.
- The Boeing Company
- Draganfly Innovations Inc.
- Aerovironment Inc.
- Altavian Inc.
- BAE Systems Plc
- Aeryon Labs Inc.
Highlights of The Oil & Gas Drones 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:
- Single Rotor
- Multi Rotor
- By Application:
- Oil & Gas Inspection
- Environmental Impact Assessment
- 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 Oil & Gas Drones 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?
Oil & Gas Drones are unmanned aerial vehicles (UAVs) that are used for oil and gas exploration, production, and maintenance.
Some of the major players in the oil & gas drones market are Aeryon Labs Inc., Lockheed Martin, Textron Inc., Leonardo S.p.a., Proxy Technologies Inc., The Boeing Company, Draganfly Innovations Inc., Aerovironment Inc., Altavian Inc., BAE Systems Plc, Aeryon Labs Inc..
The oil & gas drones 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 Oil & Gas Drones 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 Oil & Gas Drones Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil & Gas Drones 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 Oil & Gas Drones 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 Oil & Gas Drones Market Size & Forecast, 2020-2028
4.5.1 Oil & Gas Drones Market Size and Y-o-Y Growth
4.5.2 Oil & Gas Drones Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Rotor
5.2.2 Multi Rotor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Oil & Gas Inspection
6.2.2 Environmental Impact Assessment
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil & Gas Drones 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 Oil & Gas Drones 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Rotor
9.6.2 Multi Rotor
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 Market Size Forecast by Applications
9.10.1 Oil & Gas Inspection
9.10.2 Environmental Impact Assessment
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Rotor
10.6.2 Multi Rotor
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 Market Size Forecast by Applications
10.10.1 Oil & Gas Inspection
10.10.2 Environmental Impact Assessment
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Rotor
11.6.2 Multi Rotor
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 Market Size Forecast by Applications
11.10.1 Oil & Gas Inspection
11.10.2 Environmental Impact Assessment
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Rotor
12.6.2 Multi Rotor
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 Market Size Forecast by Applications
12.10.1 Oil & Gas Inspection
12.10.2 Environmental Impact Assessment
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Rotor
13.6.2 Multi Rotor
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) Market Size Forecast by Applications
13.10.1 Oil & Gas Inspection
13.10.2 Environmental Impact Assessment
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 Oil & Gas Drones Market: Competitive Dashboard
14.2 Global Oil & Gas Drones Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aeryon Labs Inc.
14.3.2 Lockheed Martin
14.3.3 Textron Inc.
14.3.4 Leonardo S.p.a.
14.3.5 Proxy Technologies Inc.
14.3.6 The Boeing Company
14.3.7 Draganfly Innovations Inc.
14.3.8 Aerovironment Inc.
14.3.9 Altavian Inc.
14.3.10 BAE Systems Plc
14.3.11 Aeryon Labs Inc.
