Press release
Government Investment Driving Growth In The Oil And Gas Drone Market: A Key Factor Shaping the Future of the Oil And Gas Drones Market in 2025
Oil And Gas Drones Market
Government investment escalation is poised to be a key driver behind the growth projections of the oil and gas drones market. The term 'government investment' pertains to the appropriations made by a government to an array of projects, initiatives, or sectors with a view to accomplishing particular goals such as economic growth, infrastructure enhancements, fostering innovation, or promoting social welfare. This government investment significantly influences the adoption trajectory of drone technology within the oil and gas industry by encouraging innovation, facilitating cooperative efforts, addressing regulatory hurdles, and aiding the construction of required infrastructure. For example, the UK's Department For Business, Energy, and Industrial Strategy, a governmental body, backed a multitude of innovative projects such as Covid drone response, hospital logistics solutions, both offshore and onshore oil and gas drone capabilities and a series of firsts for UK drug and parcel delivery, through grants worth USD 36.78 million (£34 million) during 2020-2022. Moreover, 14 drone-centric R&D projects received additional financial support in 2022, with the announcement of Phase 3 grants summing up to USD 57.33 million (£53 million) to assist in more advanced collaborations of aviation systems and novel vehicle technologies. Hence, the escalation in government investment is fostering the growth of the oil and gas drones market.
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What is the projected compound annual growth rate (CAGR) of the oil and gas drones market from 2025 to 2034, and what factors influence it?
In recent times, the expansion of the oil and gas drones market has been extensive and continues to grow at a significant pace. The market size is expected to escalate from $9.36 billion in 2024 to $12.67 billion in 2025, registering a remarkable compound annual growth rate (CAGR) of 35.4%. The surge in growth during the past years is due to the improvements in drone technology, growing approval for drone operations within the oil and gas sector, amplified demand for affordable inspection and surveillance solutions, along with an increased focus on ensuring the safety of employees and minimizing risks.
The market size of oil and gas drones is projected to experience substantial expansion in the ensuing years, escalating to $42.21 billion by 2029 with a compound annual growth rate (CAGR) of 35.1%. This surge during the projection period is due to the transition to autonomous drone functions and swarm technology, amplified use of hyperspectral imaging for scrutinizing assets and monitoring the environment, proactive data analytics and maintenance measures due to information gathered by drones, and a broadening scope of drone applications beyond inspections. The forecast period is expected to see major trends such as the incorporation of artificial intelligence and machine learning into drone systems, the creation of long-range drones with higher endurance for prolonged surveillance, the uptake of drones for detecting methane and monitoring emissions, and an increase in offshore drilling activities.
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How are the latest trends influencing the growth of the oil and gas drones market?
Leading businesses in the oil and gas drones market are prioritizing innovative solutions like integrated drone systems to boost their market profitability. Such solutions are spearheading changes in the oil and gas sector by allowing firms to employ sophisticated aerial technologies for better efficiency, safety, and decision making capabilities. For example, Asteria Aerospace, a drone technology firm based in India, introduced SkyDeck in March 2023. SkyDeck, an exhaustive drone operations platform, is engineered to simplify drone operations across various sectors, including oil and gas. This web-based platform provides a variety of services, such as fleet management, flight planning, data handling, and visualization, that can remarkably change the usage of drones in the oil and gas industry. The integrated drone solutions provided by SkyDeck can significantly influence the oil and gas industry by improving safety, efficiency, and decision-making procedures linked to drone operations.
What are the major segments of the oil and gas drones market and their role in driving growth?
The oil and gas drones market covered in this report is segmented -
1) By Type: Single Rotor, Multi Rotor, Fixed Wing, Hybrid And Nano
2) By Applications: Inspection, Security And Emergency Response, Surveying And mapping
3) By End-Use: Construction, Agriculture, Mining, Oil And Gas, Other End-Use
Subsegments:
1) By Single Rotor: Conventional Single Rotor, Coaxial Single Rotor
2) By Multi Rotor: Quadcopters, Hexacopters, Octocopters, Other Multi-Rotor Variants
3) By Fixed Wing: Conventional Fixed Wing, Hybrid Fixed Wing
4) By Hybrid And Nano: Vertical Take-Off And Landing (VTOL), Transitioning Hybrid Drones, Miniature Drones (Sub-250 Grams), Nano Drones With Advanced Sensors
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Which regions are key players in the growth of the oil and gas drones market?
North America was the largest region in the oil and gas drones market in 2024. The regions covered in the oil and gas drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the oil and gas drones market?
Major companies operating in the oil and gas drones market are The Boeing Company, GE Aviation, BAE Systems plc, Yamaha Motor Co. Ltd., DJI Enterprise, AeroVironment Inc., Yuneec International, Skydio Inc., XAG Co. Ltd., senseFly SA, Microdrones GmbH, Flyability SA, Quantum-Systems GmbH, Shenzhen Autel Robotics Co. Ltd., PrecisionHawk Inc., Teal Drones Inc., Ascending Technologies Inc., Freefly Systems Inc., Aeryon Labs Inc., Vantage Robotics Inc., Garuda Robotics Private Limited, Guangzhou EHang Intelligent Technology Co. Ltd., Volansi Inc
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What Is Covered In The Oil And Gas Drones Global Market Report?
•Market Size Forecast: Examine the oil and gas drones market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the oil and gas drones market for a structured understanding.
•Key Players Overview: Analyze major players in the oil and gas drones market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oil and gas drones market.
•Segment Contributions: Evaluate how different segments drive overall growth in the oil and gas drones market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oil and gas drones market.
•Industry Challenges: Identify potential risks and obstacles affecting the oil and gas drones market.
•Competitive Landscape: Review strategic developments in the oil and gas drones market, including expansions, agreements, and new product launches.
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