Renewable Drones Market Share

APAC Market Statistics

Asia Pacific industry is anticipated to account for largest revenue share of 33% by 2037. The growth of the market can be attributed majorly to the growing awareness about the benefits of drone technology in the region and the increasing investment in the region from governments in order to reduce the dependency on fossil fuels and promote alternative energy sources. Moreover, the governments of various countries in the region have been actively pushing for the adoption of renewable energy sources and have put in place policies to promote renewable energy sources growth. The growth rate of renewable energy additions in India was observed to be 9% in 2022. There has been a 25-fold increase in solar energy capacity over the last nine years and there are now 64GW of solar energy installed in the country. Drones are used to inspect solar panels and wind turbines, detect issues, and track the performance of renewable energy sources. They can also be used to map out potential sites for new renewable energy sources, as well as monitor their performance.

North American Market Forecast

The North America renewable drones market is estimated to be the second largest, registering a share of about 26% by the end of 2037. The growth of the market is attributable to the increasing demand for renewable energy sources, as well as the technological advancements that have made drones capable of performing complex tasks such as surveying, mapping, and monitoring. Additionally, the imposition of favorable policies for the use of solar energy and the rise in demand for renewable drones from several end-user industries in the region is projected to drive the market in the North America region. For instance, in August 2022, the United States government passed the Inflation Reduction Act, a bill that significantly expanded renewable energy support over the next 10 years. Moreover, a growing need for cost-effective and efficient data collection solutions in the energy sector presents lucrative opportunities for the use of drones in region.

Europe Market Forecast

Further, the renewable drones market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing demand for renewable energy sources in the region owing to its supportive government policies and initiatives towards transitioning from traditional sources of energy to renewable sources. Additionally, the growing investments in the renewable energy sector and the availability of advanced technology for drone operations are some of the other factors driving the growth of the renewable drones market in the Europe. The advanced technology for drone operations such as autopilot systems, obstacle avoidance systems, improved sensors, and software for tracking and mapping are enabling businesses to use drones for a variety of applications such as monitoring and surveillance, asset tracking, and aerial photography. As a result, the demand for renewable drones in the Europe market is increasing.