Press release
Inspection Drone Market Poised to Expand at a Robust Pace Over 2022-2031
The global inspection drone market was valued at US$ 3.9 Bn in 2021
It is estimated to advance at a CAGR of 24.1% from 2022 to 2031
The global inspection drone market is expected to reach a value of US$ 33.8 Bn by the end of 2031
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Inspection Drone Market Introduction
Inspection drones are automating the manual inspection process and enabling inspectors to enhance their inspection speed for collection of data, while eliminating the slower manual steps of labor and extra time that place them in hazardous situations. The rapidly-growing agriculture industry is fueling the market, as drones are proving to be beneficial for the inspection of livestock and crops. Drones are used to create 3D maps of the farmland. These images offer insights about crop condition at regular intervals so that preventive measures can be taken. Furthermore, inspection drones are employed in surveillance and disaster management. Drones equipped with thermal imaging provide emergency response teams with an ideal solution to identify victims who are difficult to spot with the naked eye. These factors are propelling the inspection drone market.
Industrial inspection drones are being widely used in several application areas such as security management, forest fire monitoring, traffic monitoring, oil & gas pipeline monitoring, solar panel, power line and windmill inspections, critical infrastructure inspections, railway, roadways, and bridge inspections. On the other hand, popularity and competition have been increasing in the commercial drone service market since the last few years. This is anticipated to drive the market during the forecast period. However, regulatory challenges, lack of technical maturity, as well as operational constraints may hamper the inspection drone market.
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Adoption of Inspection Drones in Oil & Gas and Chemical Industries to Boost Market
Drones are used in well sites, pipelines, storage tanks, as well as offshore platforms. Furthermore, they are employed in large industrial plants consisting of boilers, reactors, and other mega structures. Drones detect threats that can reduce the time as well as the cost of inspection. Advancements in inspection drones and their functionalities, such as AI/ML, high-resolution cameras, thermal imaging, GPS, and LIDAR, enhance their efficiency.
Key market players are launching innovative drones for inspection applications in the oil & gas industry and emphasizing the expansion of their product portfolio to gain competitive edge. For instance, DJI offers Matrice 300 RTK inspection drone for the oil & gas industry to provide real-time data, enabling teams to make quick decisions about maintenance. The M300 RTK is equipped with an omnidirectional obstacle avoidance system. It reduces the risk of collision in the most challenging environment. It is also integrated with the M300 RTK, which is equipped with an omnidirectional obstacle avoidance system. These cutting-edge drones are augmenting the market for drone inspection and monitoring.
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Increase in Usage of Inspection Drones in Telecommunication and Transmission Lines
Telecommunication and transmission lines pose a high risk for crews who inspect cell towers and transmission towers. Drones have the capability to move at heights and enable inspection of towers with cameras as well as laser techniques. This reduces the risk of the crew involved in tower inspection. The telecommunication industry has been witnessing rapid transformation, as network operators are transitioning toward the 5G platform. This is estimated to further fuel the inspection drone market. However, regulatory challenges and operational constraints are likely to hamper the market.
Demand for inspection drones has been rising at a steady pace owing to the expansion of infrastructure of transmission lines and telecommunication towers. Several governments are deploying drones for the inspection of power lines and towers. For instance, in November 2021, the Telangana (India) state government announced that it had successfully completed a pilot project to use unmanned aerial vehicles (UAVs) or drones for the inspection of power lines and towers. This is encouraging innovation in utility inspection drones.
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