Inspection Drones Market Analysis

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 2037. 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 2037. 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: