Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Drones for Oil and Gas Market size was over USD 20.09 billion in 2024 and is poised to exceed USD 1.49 trillion by 2037, growing at over 39.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of drones for oil and gas is evaluated at USD 26.8 billion.
The market is set to witness significant growth during the forecasted period due to the rising adoption of drones across all three oil and gas industry sectors. The development of the market can also be attributed to factors such as improving drone technology globally. In January 2018, the United States awarded 19 deepwater blocks, which led to 39 bids for the 19 blocks. The auction received an approximate investment of USD 1.4 billion.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of drones for oil and gas is evaluated at USD 26.8 billion.
Drones for Oil and Gas Market size was over USD 20.09 billion in 2024 and is poised to exceed USD 1.49 trillion by 2037, growing at over 39.3% CAGR during the forecast period i.e., between 2025-2037.
North America industry is expected to dominate majority revenue share by 2037, as the region's oil-well drilling rate is increasing.
The major players in the market are PrecisionHawk, Terra Drone Corp., Equinox's Drones, and Viper Drones, among others.
