Global Utility Drones Market Study Analysis: Technology Advancement Will Grow The Demand For Utility Drones Market

The global Utility Drones market size was valued at $ Million in 2020 and is expected to reach $ Billion by 2028 growing at the CAGR of 41.8% from 2021 to 2028. Utility drones are unmanned aircraft systems that are remotely controlled and specifically manufactured to be used in utility industries. The drones are controlled by piolet, pre-programmed schedules, or automation systems. Utility drones are integrated with infra-red cameras that have the potential to capture minute details in power infrastructure. The infra-red cameras are equipped with thermal imaging and LiDAR that enables drones to monitor and detect overheating of components such as cables and transformers. The drone creates a 2D or 3D image of power infrastructure that helps in detecting faults within the power infrastructure. The utility drones are used for surveying, inspection, and maintenance of power generation, transmission and distribution systems. The utility sector is enhancing their infrastructure’s safety and maintenance through utility drones which are quick, accurate, cost-effective, and easy, owing to powerful computers, improved efficiency, and affordability. Thus, boosting the utility drone market growth.

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Global Utility Drones Market Drivers And Restrain:
The major factors that have impacted the growth of the Utility Drones Market are growing demand for minimizing outages related to transmission infrastructure which requires better technology and increasing demand for time and cost efficiency which demands utility drones and among others.

Growing demand for minimizing outages related to transmission infrastructure:
The reliability of the transmission system depends on the number of power outages. This is a severe global issue that impacts the revenue of the power transmission companies, especially for countries where energy prices are regulated and whenever there is a power outage, companies have to pay penalties. One of the major causes of power outages is the interference of tree branches with energy distribution infrastructure. The growing need to minimize the damages in an electric power supply is a major factor driving the growth of the global utility drones market. Drones attached with cameras and sensors are useful in minimizing these damages by acting as an asset management tool and provide information, images, and video feed in real-time.

Increasing demand for time and cost efficiency:
Utility companies used to spend a large amount of money on inspecting sensitive infrastructures. It is costly and risky to use manpower in the inspection of power transmission and distribution. Also, the use of manned helicopters, vehicle patrols, and foot patrols to inspect power lines and surrounding plants is extremely costly for utility companies. Unmanned Aircraft Systems (UAS), or utility drones, thus have pointedly solved these inspection problems by monitoring difficult-to-reach infrastructures from power lines to pipelines effectively. Drones equipped with cameras and sensors are used to capture a high-quality real-time image of a problem/damage of the infrastructure on which the corrective measures are then implemented.
The market is hampered by legal regulations.

Impact Of COVID-19 on the Utility Drones Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Utility Drones Market Segments:
The global Utility Drones market is further segmented into type, services, end-users, and geography.
By Type: Multi-Rotor and Fixed Wing
By Services: End-to-End Solution & Point Solution
By End User: Power and Renewable

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

The Asia Pacific is expected to dominate the Utility Drones market due to the surging adoption of advanced technologies and its growing integration in power generation plants. Moreover, rapid urbanization and industrialization have increased the demand for power which has resulted in an increased number of power plants for energy generation is projected to boost this market growth. North America is expected to notably contribute to Utility Drones market growth owing to the increasing investments in power infrastructure, stringent government regulation for utility robots, rising power consumption, and increasing focus on renewable energy sources for power generation.

Key Players of Global Utility Drones Market:
• Asset Drone
• Cyberhawk Innovations Limited
• ABJ Drones
• Aerodyne SYSTEMS
• Delair
• HEMAV
• Measure
• PrecisionHawk
• Sharper Shape Inc
• SkyScape Industries

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Utility Drones Market
• Value Chain Analysis of Global Utility Drones Market
• What is the CAGR of the global Utility Drones Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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