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Drones for Oil and Gas Market Analysis

  • Report ID: 2993
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Drones for Oil and Gas Market Analysis

The drones for oil and gas market is segmented on the basis of end-user into upstream, downstream, and midstream. The upstream application segment is anticipated to grab the most significant share by the end of 2021, as producing and exploratory wells are essential to monitor and maintain cost-effectiveness. However, with the improving drone technology, the drone monitoring market for oil and gas is growing with a high CAGR. 

Based on application, the offshore segment in the global drones for oil and gas market for oil and gas is projected to grow with a high CAGR over the forecast period. The segment's growth can be attributed to the fact that drones for oil and gas are a safe & relatively cost-effective method in isolated areas offshore.

Our in-depth analysis of the global market includes the following segments

By Application
  • Offshore Application
  • Onshore Application

By End-User
  • Upstream
  • Midstream
  • Downstream
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Browse Key Market Insights with Data Illustration:

Author Credits:  Dhruv Bhatia


  • Report ID: 2993
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising investments in smart grid technologies and smart cities coupled with increasing urban population are the key factors driving market growth.

The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.

Costly drone technology and lack of drone manufacturer in lower economic regions are estimated to hamper market growth.

The market in North America region will provide ample growth opportunities owing to the increasing demand of drones across all three sectors of oil and gas industry.

The major players dominating the drone-based inspections market for oil and gas are PrecisionHawk, Terra Drone Corp., Equinox's Drones, and Viper Drones among others.
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