Inspection Drones Market Trends

  • Report ID: 5131
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Inspection Drones Market Trends

Growth Drivers

  • Increasing Demand for Stringent Surveillance– According to the United Nations Conference on Trade and Development, many countries have adopted strict legislation for protection. 137 of 194 countries had enacted measures to provide confidentiality and data protection. Inspection drones outfitted with night vision cameras and thermal imaging are able to offer 24-hour surveillance, even in low-light or poor weather situations.
  • Technological Advancement of Drones– Drones today function in both GNSS and non-GNSS modes, utilizing a combination of Global Navigation Satellite Systems (GNSS) such as GPS and GLONASS.
  • Strict Action Against Terrorism– The NATO alliance of 31 countries was formed to work against terrorism in the world. Recently the alliance has revised its terrorism policy guidelines to focus more on curbing terrorism. The increase in national security risks, such as terrorism and illicit entry to important infrastructure, has led governments to implement advanced inspection drones for improved security.

Challenges

  • Risk of Interference and Collision – The possibility of colliding with other aircraft, buildings, or obstacles raises safety issues. It is critical to ensure the safety of drones as well as people and things on the ground.
  • Limited Range of Battery Life
  • Lack of Skilled User and Training

Inspection Drones Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

23.6%

Base Year Market Size (2024)

USD 5.96 billion

Forecast Year Market Size (2037)

USD 93.65 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 5131
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of magnetorheological fluid is evaluated at USD 7.09 billion.

The inspection drones market size was over USD 5.96 billion in 2024 and is poised to exceed USD 93.65 billion by 2037, witnessing over 23.6% CAGR during the forecast period i.e., between 2025-2037. Increasing advancement in drone technology and the growing use of drones in the media industry will boost the market growth.

North America industry is poised to account for largest revenue share of 41% by 2037, due to rising manufacturing of drones in the region.

The major players in the market are EPAZZ, Inc., Aerialtronics, DJI, 3D Robotics, ECA Group, Teledyne Flir LLC, Northrop Grumman Corporation, Parrot SAS, Sensefly Ltd., Lockheed Martin
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