DUBLIN, Feb. 25, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/9s37gp/middle_east_and) has announced the addition of the "Middle East & Africa Oil & Gas Drones Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
The Middle East & Africa Oil & Gas Drones Market has been estimated to grow at a CAGR of 40.07%
The view from 50,000 feet shows signs of drones, or unmanned aerial planes, poised to become the next major disruption to influence the oil and gas industry. Drones offer all sorts of applications that the Oil & Gas industry can use. These allow the Oil and Gas companies to monitor Pipelines, Roads, Storage Tanks, Buildings, Bridges, Power lines. These also equip the Oil & Gas industry to carryout Flare stack inspections, Off- and On-shore oil derrick inspections, Tailings pond inspections, Oil spill Detection and damage assessment and Gas emissions monitoring. It is a revolutionary breakthrough to the Oil & Gas industry already facing the wrath of decline in Oil Prices. The usage of Drones would literally astonish the industry with its capability to get as much data available in the last 30 years within 45 minutes.
This market is driven by a number of factors, such as the Increasing safety norms in Oil & Gas Industry, the fall in Oil Prices and volatility expected to continue, the cost advantage to the Oil & Gas companies. However, this market faces certain drawbacks, such as the Federal regulations limiting the usage to line-of-sight, the Lack of Technological advancements for processing the raw data. These factors may act as a roadblock to the growth of the market.
The major companies dominating this market in the Oil & Gas Sector for its products, services, and continuous product developments are Sky Futures, Insitu, Northrop Gumman, AeroVironment, Altavian, ING Robotic Aviation, Draganflyer, AeroVironment, Aerovel, BAE Systems, Finmeccanica, etc,. Lockheed Martin and Textron are driving the innovation in this field. The current trends in collaborative environment indicate that there is a huge investment by the Oil & Gas Majors in the smaller companies looking for a long lasting impact in the Oil & Gas Drones space. Sky Futures recently secured $3.8 Million from MMC to scale up Oil & Gas inspections. The technology offers a huge potential for a revolution in the Oil & Gas sector all over the world.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Drivers, Constraints & Opportunities
5. Oil & Gas Drones Industry Value Chain Analysis
6. Porter's Five Force Analysis
7. Middle East & Africa Oil & Gas Drones Market Segmentation, by Geography
8. Oil & Gas Drones Market Segmentation, by Type
9. Key Company Analysis
10. Competitive Landscape
- Lockheed martin - Textron - Insitu - Draganflyer - AeroVironment - SKY Futures - Altavian - BAE Systems - ASN Technologies - Finmeccanica - Proxy Technologies
For more information visit http://www.researchandmarkets.com/research/9s37gp/middle_east_and
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SOURCE Research and Markets