Renewable Drones Market Analysis

Drone Type (Multirotor, Fixed Wing)

The global renewable drones market is segmented and analyzed for demand and supply by drone type into multirotor and fixed wing Out of these, the multirotor segment is estimated to gain the largest market share of about 71% in the year 2037 This growth can be attributed to the advantages of multirotor drones such as their ability to stay airborne for longer durations, which makes them ideal for use in long-term surveillance and monitoring operations. Additionally, increasing adoption of multirotor drones owing to their compact size, low noise levels, and low carbon emissions renders them a more attractive various operation, further driving their demand. For instance, Indian Coast Guard received 10 multicopter drones by 2022 to boost maritime interdiction and surveillance. Moreover, the cost of multirotor drones has dropped drastically over the years due to advances in technology, making them more accessible and cost-effective. This has also been a major factor driving their increased adoption in various industries.

End-user (Solar, Solar PV, Solar CSP, Wind)

The global renewable drones market is segmented and analyzed for demand and supply by end user into solar, solar PV, solar CSP and Wind. Out of these, the solar segment is estimated to gain the significant market share of about 43% in the year 2037. The growth of the segment can be attributed to the increasing demand for renewable energy sources, government initiatives and subsidies to promote the adoption of solar energy, and the declining cost of solar power generation. Renewable drones are used for monitoring solar panels, detecting and repairing problems, and providing real-time data on the performance of the solar panels. This can help to reduce maintenance costs and increase energy efficiency, resulting in greater use of solar energy. A 1.9% annual improvement rate has been achieved over the past few years in the global primary energy intensity (energy efficiency) from 5.6 megajoules per US dollar in 2010 to 4.7 megajoules per US dollar in 2019. Additionally, the increasing need for energy security and the advancement of technology is also driving the growth of the solar segment.

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