Why the Drone Surveillance Market is set to explode? Top Companies : BAE Systems, Inc., Airobotics, Percepto - Autonomous Drones, Airware, Sharper Shape Inc., Sky-Futures, and others
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Key Market Driver - Ease of monitoring, inspection and data collection from plants and transmission lines
Key Market Restraint - Lack of regulations and the high cost involved for drone surveillance
Top Players Overview:
o BAE Systems
o Sharper Shape Inc.
o Unmanned Expertss
o Phoenix LiDAR Systems
o Sphere Drones
o Martek Aviation
Launch of Drone Services by Baker Hughes to Resolve Methane Leaks Will Encourage Growth
Baker Hughes, a subsidiary of GE, became the first company in the oil and gas industry to initiate the use of drones as a tool to reduce the industry's carbon emissions. The new platform is called Lumen and is combined with flying technology and solar-powered sensors, which gives a clearer picture of fugitive methane emissions to the facility personal. The launch of Lumen is predicted to give prospects to the drone surveillance capabilities. This will, in turn, boost the global drone surveillance market. In addition, the launch of patang, a tethered drone is predicted to contribute positively to the global drone surveillance market. For instance, Public sector defense electronics firm in India BHEL has successfully built a tethered drone in collaboration with Anna University. The drone is named patang, which can fly for several hours with the help of tethered power station at an altitude of 100metre. The drone is built to withstand harsh environments.
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Inspection and Data Collection with The Help of Drones Will Fuel Demand
The global drone surveillance market on the basis of type is segmented into the multirotor drone, fixed-wing drone and hybrid drone. The advantage of a higher level of maneuverability makes the multirotor segment hold a big share in the global drone surveillance market. Further, the global drone surveillance market on the basis of its applications is segmented into pipeline monitoring and inspection, offshore platform inspection, wind turbine inspection, power plant inspection, inspection of power distribution lines, solar panel inspections and others. Out of the above applications, drone surveillance is most used in pipeline monitoring and inspection and is predicted to grow remarkably during the forecast period. Furthermore, the ease of monitoring with the help of surveillance drones and inspection and data collection from plants and transmission lines are factors practiced to boost the drone surveillance revenue. However, the high cost involved in drone surveillance services is predicted to restrict the growth of the global drone surveillance market.
Increasing Exploration Activities Will Encourage Growth in Asia Pacific
Geographically, the global drone surveillance market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global drone surveillance market during the forecast period owing to the increasing exploration activities and also laying of new transmission lines in emerging nations such as India and China. In Latin America, the use of drone surveillance has increased over the years with Mexico coming up as the fastest-growing market. For instance, in 2017, Skyx drone completed the inspection of more than 100 kilometres of gas pipeline in Mexico, identifying more than 200 abnormalities in the pipeline, therefore reducing the cost and increasing the accuracy compared to manual inspection for the company.
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Key Segmental Overview:
1. By Type
o Fixed wings
2. By Application
o Pipeline Monitoring and Inspection
o Offshore Platform Inspection
o Wind Turbine Inspection
o Power Plant Inspection
o Inspection of Power Distribution Lines
o Solar Panel Inspection
3. By Geography
o North America (The USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Key Industry Developments
o In May 2020, AviSight a US-based unmanned industrial inspection and data solution provider announced the addition of two giants in the industry to its board of members namely Marvin E Odum former chairman and CEO of Shell company and Gary.L.Thomas former President and CEO of EOG Resource Inc.
o In February 2020, Public sector defence electronics firm in India BHEL has successfully built a tethered drone in collaboration with Anna University. The drone is named patang, which can fly for several hours with the help of tethered power station at an altitude of 100metre. The drone is built to withstand harsh environments.
o In January 2020, Baker Hughes was the latest player in the oil and gas industry to start using the drone for surveillance. The drone was named Lumen which combines flying technology with ground-based, solar-powered sensors to give facility personal a clearer picture of fugitive methane analysis.
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Major Table of Content For Drone Surveillance Market:
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Drone Surveillance Market Analysis, Insights and Forecast, 2026
6. North America Drone Surveillance Market Analysis, Insights and Forecast, 2026
7. Europe Drone Surveillance Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Drone Surveillance Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Drone Surveillance Market Analysis, Insights and Forecast, 2026
10. Latin America Drone Surveillance Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
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