Drones for Energy Industry Market 2018 Global Industry Analysis With Market Players AeroVironment, Inc., DJI, Aeryon Labs Plc., Aibotix GmbH Limited, Ascending Technologies Inc., UAVision, Drone America

Drones for Energy Industry Global Market – Overview
The global drones for energy industry market has witnessed a remarkable growth in the past few years and it has been anticipated that the market will grow at the rapid pace during the forecast period. Drones for energy are poised to grow at a substantial rate as the industry is investing in the services provided by an unmanned aerial vehicle, for line-of-sight applications, to observe ocean-going ships, to inspect offshore platforms and refineries, to inspect or monitor power lines, wind turbine, solar panel. These drones provides and process accurate data from the remote systems, where human access is difficult and is also a cost effective & less time consuming inspection technique compared to manual inspection. As per the study conducted by Market Research Future, the Global Market for drones for Energy Industry is likely to grow at the CAGR of around 25.53%.

Drones for energy industry can be defined as, an unmanned aerial vehicle used to inspect or monitor power lines, wind turbine, solar panel, offshore rigs and flarestacks for preventive maintenance of the system. These drones provides and process accurate data from the remote systems, where human access is difficult and is also a cost effective & less time consuming inspection technique compared to manual inspection. The drones for energy industry is driven by various factors such as accurate assessment of operating condition of assets, and effective cost reduction compared to manned operations. However, federal regulations limiting the usage to line-of-sight, lack of technological advancements for processing the raw data will act as restrains for the drones for energy industry market, globally.

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Drones for energy industry are cost effective as compared to manual inspection. Drones for energy industry are easy, flexible and convenient for use. Drones helps reduce the economic cost associated with inspection or monitoring of the large scale remote system. Drones provides aerial images, which helps the operator receive them in real-time and can assess the faults from his location itself, thus eliminate the manual error associated with site inspection and risk associated with the inspection in remote, high altitude and offshore operations.

Key Players:
The major players operating in drones for energy industry market are AeroVironment, Inc. (US), Aerovel Corporation (USA), BAE Systems Plc. (UK), Cyberhawk Innovations Limited (UK), Draganfly Innovations Inc.(Canada), ING Robotic Aviation (Canada), Lockheed Martin (US), Northrop Grumman Corporation (US), Proxy Technologies Inc. (US), Sky-Futures (UK) and VDOS Global LLC(U.S.).

Industry News
In October, 2016 – Intel Announces Intel Falcon 8+ UAS., at the INTERGEO drone conference in Hamburg, Germany, Intel has built the AscTec Falcon 8 system and announcing the release of the Intel Falcon 8+ for North American markets.

In October, 2016 – Aibotix, the leading provider of Unmanned Aerial Vehicle (UAV) solutions, presented the latest innovations in UAV technology in celebration of the five-year anniversary of the Aibot X6 UAV at INTERGEO 2016 at Hall A3, Booth D3.033.

In October, 2016 – Delair-Tech and Microdrones has jointly became official UAS suppliers for Trimble’s worldwide distribution network, Microdrones is now showcasing four new mapping solutions (called mdMapper)

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Drones for energy industry Global Market - Competitive Analysis
The global market for drones for energy industry seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

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This release was published on openPR.