Inspection Drones Market size was valued at USD 4.95 Billion in 2023 and is expected to exceed USD 79.43 Billion by 2036, expanding at over 23.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of inspection drones is assessed at USD 5.9 Billion. The growth of the market can be attributed to the growing focus on human safety. On a global scale developing and transition nations spend 1.5 percent of their GDP on social safety net programmes. Drones offer a more secure alternative to standard manual inspection methods, lowering the dangers associated with putting human workers into potentially dangerous environments.
In addition to these, factor that is believed to fuel the market growth of inspection drones is the rising use of drones for media and entertainment for site inspection. Drones have changed the media and entertainment industry, nowadays production houses are hiring drone crews for USD 5000 per day to instill the use of drones. The growing demand for competence in aerial cinematography technology can be applied to inspection drones, which require trustworthy flying and high-quality pictures as well.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
23.8% |
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Base Year Market Size (2023) |
USD 4.95 Billion |
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Forecast Year Market Size (2036) |
USD 79.43 Billion |
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Regional Scope |
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Type (Multirotor Drone, Fixed Wing Drone, Hybrid Drone)
The multirotor drone segment is estimated to hold 38% share of the global inspection drones market in the year 2036. The growth of the segment can be attributed to the flexibility of multirotor drones. These drones often come with two, three, four, six, or even more, rotors they are known as bicopters, tricopters, quadcopters, hexacopters, and others. The rotors can be used as per the demand of the industry. The drones with higher rotors can be used for lifting heavy weights in the air. Moreover, there have been many new innovations in multirotor drones which are also expected to expand the segment’s growth.
End User (Oil & Gas, Agriculture, Construction, Utilities, Solar Panel & Windmill, Defense & Security)
The oil & gas segment in the inspection drones market is expected to garner a significant share of around 30% in the year 2036. Inspection drones are used for inspection of oil and gas wells, pipelines, and transmission infrastructure. The use of these drones can help in identifying potential issues, such as leaks, structural damage, corrosion, and others. The growing demand for oil and gas in the world, will increase the exploration of these wells and thus increase the demand for inspection drones. The IEA predicts that the world's oil needs are projected to be 8% higher in 2030 than in 2021, with the world expecting 10% growth throughout that time.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Operation Mode |
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End User |
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North American Market Forecast
The inspection drones market in North America is projected to be the largest with a share of about 41% by the end of 2036. The growth of the market can be attributed majorly to the rising manufacturing of drones in the region. The manufacturing of commercial drones and services related to it is expected to increase from around USD 8 billion to USD 20 Billion by 2026 in the United States. This will increase the manufacturing of drones for inspection purposes and will also increase the accessibility to the public.
APAC Market Statistics
The Asia Pacific inspection drones market is estimated to be the second largest, registering a share of about 22% by the end of 2036. The growth of the market can be attributed majorly to rising research on the use of drones in the agriculture sector. For instance, The Indian Council of Agricultural Research (ICAR) launched an initiative program in September 2021 to conduct research on the implementation of drones and artificial intelligence (AI) for rapid tracking of crop development, health, and management with improved input use efficiency.
Author Credits: Abhishek Verma
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