Global Drone Inspection and Monitoring Market Analysis and Forecast 2019-2028

The global drone inspection and monitoring market is expected to grow at a CAGR of around 12% during the forecast period of 2023-2028 and was valued at around US$ 6.6 billion in 2022.

Drones offer a time and money-saving substitute for conventional inspection and monitoring techniques. Large regions may be evaluated quickly and correctly, eliminating the need for human inspections and conserving time and resources. Human inspectors are no longer required to access hazardous or challenging locations, such as high structures, power lines, or oil rigs. Lowering the possibility of mishaps or injuries during inspections increases safety.

Drones with cameras and sensors cause privacy worries, particularly when used for inspections close to homes or in populous areas. Without permission, acquiring and storing personal information or photographs may result in privacy violations and legal repercussions. For drone inspection and monitoring services to be accepted and trusted, these privacy issues must be addressed, and data protection laws must be followed.

Technological advancements are Driving Global Drone Inspection and Monitoring Market Growth

Longer flight times, higher battery life, better sensors, and artificial intelligence (AI) capabilities are just a few of the ongoing drone technology developments that have helped the global drone inspection and monitoring market expand. Drones now perform better and have more capabilities, making inspection and monitoring chores a better fit for them. Drones are now more affordable, making them more available to companies of all sizes. More businesses have now invested in drone-based inspection and monitoring systems as a result.

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Asia Pacific Significantly Drives Global Drone Inspection and Monitoring Market Growth

Drone inspection and monitoring have become a lucrative industry in the Asia Pacific region. A considerable amount of adoption is occurring in nations like China, Japan, Australia, and India as a result of their rapid industrialization, infrastructure-building initiatives, and rising energy sector investments. Another industry where drone-based monitoring and crop management solutions are taking off is agriculture.

Market Structure and Competitive Landscape

The global drone inspection and monitoring market is fragmented in nature with the presence of various players operating in the market. Some of the prominent players operating in the drone inspection and monitoring market include Microdrones, DJI, Israel Aerospace Industries, Aerovironment Inc, PrecisionHawk, Parrot Drones, American Robotics, Yamaha Motor Corp, Trimble Inc, Ageagle Aerial Systems Inc, Yunnec, Skydio, Hemav, Raptor Maps Inc, Dronedeploy Inc among others.

Key Market Segmentation

RationalStat has segmented the global drone inspection and monitoring market based on solution, operation mode, type, application and region.

• By Solution
  • Platform
    • Airframe
    • Avionics
    • Propulsion
    • Payload
  • Software
  • Infrastructure
  • Services
• By Operation Mode
  • Remotely Piloted
  • Optionally Piloted
  • Fully Autonomous
• By Type
  • Fixed Wing
  • Multirotor
  • Hybrid
• By Application
  • Construction & Infrastructure
    • Bridges
    • Property & Real Estate
    • Railways
  • Oil & Gas
    • Upstream
    • Midstream
  • Mining
    • Stockpile
    • Tailing Dams & Quarry Inspection
  • Agriculture
    • Soil & Crop
    • Health Assessment
  • Utilities
    • Tower Inspection
    • Power Transmission
    • Wind Turbine
  • Others
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East & Africa

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.

Why Buy this Report?

The report is intended for manufacturers, raw material suppliers, third-party distributors, construction industry players, government organizations, research institutes, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.

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