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Drone Inspection And Monitoring Market Size, Share, Growth, Trends, Drivers And Industry Forecast To 2032
Drone Inspection And Monitoring Market Report
The Business Research Company's Drone Inspection And Monitoring Global Market Report 2023 identifies the increasing number of installations of new wind turbines as the major driver for the drone inspection and monitoring devices market's growth in the forecast period. A wind turbine is a device that produces electricity by using the kinetic energy of the wind. Drones are used to inspect wind turbine blades and help to extend the life of wind turbine installations by reducing safety hazards, hired manpower, and costs.
The global drone inspection and monitoring market size grew from $10.21 billion in 2022 to $11.89 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The drone inspection and monitoring market size is expected to grow to $22.53 billion in 2027 at a CAGR of 17.3%.
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Major competitors in the drone inspection and monitoring devices market are Lockheed Martin Group, Aerovironment Inc., Sky Futures Partners, Teledyne Flir LLc, Israel Aerospace Industries.
A key trend in the drone inspection and monitoring devices market includes technological advancements. Many companies operating in the drone inspection and monitoring market are developing new technologies to strengthen their position in the drone inspection and monitoring market. For instance, in August 2021, RedTail Lidar Systems, a US-based manufacturer of UAV LiDAR systems operating in drone inspection and monitoring, launched the RTL-450 LiDAR sensor for drones based on microelectromechanical systems (MEMS) mirror-based LiDAR technology. The unique feature of RTL-450 is its high-resolution point clouds, generated at a rate of up to 4 lakh pulses per second and 5 returns per pulse, which are well-suited to numerous military, and commercial applications.
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The drone inspection and monitoring devices market is segmented -
•By Type: Fixed Wing, Multirotor, Hybrid
•By Mode of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
•By Solution: Software, Services, Platform, Infrastructure
•By Application: Construction And Infrastructure, Agriculture, Utilities, Oil And Gas, Mining, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the drone inspection and monitoring devices market.
The Business Research Company's "Global Drone Inspection And Monitoring Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Drone Inspection And Monitoring Market Include:
1. Drone Inspection And Monitoring Market Executive Summary
2. Drone Inspection And Monitoring Market Segments
3. Drone Inspection And Monitoring Market Size And Drone Inspection And Monitoring Market Growth Rate
4. Key Drone Inspection And Monitoring Market Trends
5. Major Drone Inspection And Monitoring Market Drivers
……
25. Key Mergers And Acquisitions In The Drone Inspection And Monitoring Market
26. Top Drone Inspection And Monitoring Companies
27. Drone Inspection And Monitoring Market Opportunities And Strategies
28. Drone Inspection And Monitoring Market, Conclusions And Recommendations
29. Appendix
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