Inspection Drone Market estimated to be valued at US$ 33.8 Bn by 2031, TMR Report

• Efficacy for frequent inspection of renewable energy farm equipment spread over large areas stirs demand for inspection drone
• Thermal imaging capability of inspection drone to identify invisible victims stimulates uptake for surveillance and disaster management

WILMINGTON, Del., July 20, 2022 /PRNewswire/ -- The inspection drone market is estimated to expand at a CAGR of 24.1% for the forecast period from 2022 to 2031. Rise in demand for remotely operated inspection equipment for monitoring, surveillance is fuelling the growth of inspection drone market. Inspection drones automate the manual inspection process and enable inspectors to amplify the inspection speed for several applications. This serves to eliminate slower manual labor steps and extra time that could involve hazardous conditions for resources.

Significant role of drones in the inspection of renewable energy farms wherein equipment requires frequent inspection fuels underscores growth in inspection drone market. Effective relay of signals between transmitter and receiver that steers drones is driving innovations in drones for solar panel inspection applications.

Array of applications of industrial inspection drones such as in security management, traffic monitoring, forest fire monitoring, oil & gas pipeline monitoring, power line, and solar panel among others creates ample opportunities in inspection drone market.

Asia Pacific and Europe hold significant share in the inspection drone market. Expansion of infrastructure, growing population, economic growth, and increasing urbanization and industrialization are fuelling the growth of Asia Pacific inspection drone market.

Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=56634

Inspection Drone Market – Key findings of the Report

• Key application in the agriculture sector creates ample opportunities in inspection drone market. Construction of 3D maps that offers valuable insights of crop condition for preventive measures, and inspection of livestock are some significant offerings of inspection drones in the agriculture sector.
• Significant use in surveillance and disaster management wherein drones equipped with thermal imaging enable emergency response teams to identify victims that are difficult to be spotted with the naked eye accentuates the inspection drone market
• Superior characteristic to detect threat substantiates use of inspection drones in large industrial plants consisting of boilers, reactors, and other mega structures. Monitor of well sites, storage tanks, pipelines, and offshore platforms are some other critical industrial applications of inspection drone.
• R&D for next-gen drones for inspection applications in the oil & gas industry is the focus of key players in the inspection drone market. For instance, DJI has launched Matrice 300 RTK inspection drone for the oil & gas industry to provide real-time data, and thus enable teams to make quick decisions about maintenance.
• Demand for inspection drones is rising steadily with the expansion of telecommunications infrastructure. Deployment of inspection drones for telecommunication and transmission lines safeguards crew from high risk who inspect heighted structures. Such solid advantages are attracting governments to invest in utility inspection drones.
• The transmitter & receiver component segment held a key 32.8% share of inspection drone market in 2021.
• The rotary wing type segment held the leading inspection drone market share in 2021. Regulatory framework of most countries for line of sight inspection of the operator provides immense opportunities to rotary wing segment
• North America led the inspection drone market with 41.3% share in 2021. Early penetration of technology along with increasing number of drone inspection companies fuels the growth of inspection drone market of the region.

Request Sample Report at- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=56634

Inspection Drone Market – Growth Drivers

• Critical advantages of reliable unmanned monitoring of renewable energy farms, telecommunication infrastructure, and industrial sites fuels the growth of inspection drones market
• Significance of inspection drone for automation of manual inspection process with elimination of hazardous manual labor steps stimulates demand

Get COVID-19 Impact Analysis at- https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=56634

Inspection Drone Market – Key Players

Some of the key players operating in the inspection drone market are;

• 3D Robotics Inc.
• AeroVironment Inc.
• Teledyne FLIR LLC
• Lockheed Martin Corporation
• Yuneec International Co. Ltd.
• Acecore Technologies
• Airobotics Ltd.
• American Robotics Inc.
• SZ DJI Technology Co. Ltd.
• Delair

Make an Enquiry before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=56634

The inspection drone market is segmented as follows;

Global Inspection Market, by Component

• Mainframe
• Brushless Motors & ESC
• Transmitter & Receiver
• Flight Controller
• Others

Global Inspection Market, by Sales Channel

• Online
• Offline

Global Inspection Market, by Type

• Rotary Wing
• Fixed Wing
• Hybrid

Global Inspection Market, by Application

• Oil & Gas Pipeline Inspection
• Solar Panel, Power Line and Windmill
• Critical Infrastructure Inspections
• Commercial Farms
• Built Railway, Roadways, and Bridge Inspection
• Border Security
• Others

Global Inspection Market, by End-use Industry

• Oil, Gas & Petroleum
• Energy & Utilities
• Agriculture
• Aerospace & Defense
• Mining
• Construction
• Others

Global Inspection Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Browse Latest Electronics & Semiconductors Market Research Reports by TMR:

Anti-drone Market- Global anti-drone market is estimated to expand at a CAGR of ~21% during the forecast period

Drone Services Market- Drone Services Market is set to expand at a CAGR of 32.5% during the forecast period

Application Specific Integrated Circuits Market- Application Specific Integrated Circuit (ASIC) Market to reach US$ 34.49 Bn by the end of 2031

Electronic Access Control Systems Market- Electronic Access Control Systems Market is expected to cross the value of US$ 17.79 Bn by the end of 2031

Microcontrollers Market- Microcontrollers Market is expected to reach the value of US$ 54.37 Bn by the end of 2031

Power Management Integrated Circuit (PMIC) Market- Power Management Integrated Circuit (PMIC) Market is expected to cross the value of US$ 128.40 Bn by the end of 2031.

Diamond Substrate Market- Diamond Substrate Market is projected to reach US$ 282.38 Mn by 2031

Fiber Optic Connectors Market- Fiber Optic Connectors Market to Expand at a CAGR of 7.5% by 2025

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

SOURCE Transparency Market Research