Utility Drone Market Research Methodologies Offers High Business Outlook growth 2021-2025

The Utility Drone Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Utility Drone market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Utility Drone market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Utility Drone market.

The utility drone market is expected to rise at a CAGR of over 18 % during the forecast period of 2020-2025.

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Top Leading Companies of Utility Drone Market are - SZ DJI Technology Co Ltd, Terra Drone Corp., PrecisionHawk Inc., Delair SAS, Aerodyne Group. and others.

Industry News and Updates:

- In 2019, Mitsubishi Hitachi Power Systems, Ltd., a Japanese company announced that it would be using drone technology for the easy and efficient inspection of the interiors of the power plant boilers and other large indoor structures.

- In 2019, Terra Drone Corporation successfully completed its non-destructive testing (NDT) by inspecting a 160 meters chimney at a thermal power plant in Japan. A major job of the chimney inspection was to measure the thickness of the steel plate in a chimney windshield or flue. The chimney inspection was done using ultrasonic testing (UT) drone.

Key Market Trends:

Multi-Rotor Segment Expected to Grow at a Significant Rate

- Multi rotor drones, as the name suggests, are the drone that uses multiple blades or rotors to fly. These drones are easy to control and can operate in a confined area. These drones are majorly used for aerial photography and monitoring the equipment.
- Multi rotor drone due to its low purchasing cost and high efficiency in the work it does, has attracted more attention to the world investment. These drones have the ability to hover at a particular position, thus providing a better visual of the default or problem without risking any human life.
- In 2018, the global electricity generation was about 26614 Terawatt-Hour (TWh), which was higher than what the world produced in 2017, 25676 TWh. The increase in electricity generation depicts the worldwide increase in the number of power plants, which are expected to drive the utility drone market.
- These types of drones are being used by Florida Power and Lighting Technology to inspect the transmission towers and lines. In 2019, the company, through drones, inspected about 4000 miles of transmission lines, and overall, the company has inspected about more than 12000 miles of transmission lines. For inspection, they use the DJI Phantom 4 Pro model of drone using multi-rotor technology.

Asia-Pacific Expected to Grow at a Significant Rate

- Asia-Pacific region, due to the constant increase in the energy demand in the region, is likely to be the fastest-growing market for the utility drone market. Many big companies in the energy and power business in the region see utility drone usage as a new and safe way for their asset management.
- Countries such as China, Japan, and South Korea have shown their keen interest in the utility drone market. The motives behind these interests are to save the non-productive time of the plants, which may occur due to any default by being proactive for any such situations and not risking human life.
- These drone services are extremely useful in places such as nuclear power plants or gas power plants, where without proper visual investigation, it becomes difficult to measure the seriousness of the problem.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Utility Drone Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Utility Drone Market (%),2016 - 2026
- Utility Drone Market Share, By Brand
- Utility Drone Market Share, By Company
- Utility Drone Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Utility Drone Market Value Analysis & Forecast
- Promising Utility Drone Development by Major Companies
- Detailed Utility Drone Portfolio of the Major Companies
- Major Deals in the Utility Drone Market
- Major Companies Analysis

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