Renewable Drones Market Size

Renewable Drones Market size was valued at USD 51.3 Million in 2023 and is projected to exceed USD 334.9 Million by the end of 2036, registering over 24.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of renewable drones is evaluated at USD 53 Million. The growth of the market can be attributed to the increasing investments in drone technology. For instance, a growth of three times in investments over three years makes the Indian drone industry flies high in 2023. With investments totaling USD 51 million, drone investments are expected to grow. Investing in drone technology allows companies to access hard to reach areas for renewable energy sources such as wind and solar. It also allows for cost-effective surveying and maintenance of renewable energy sites, as well as providing an efficient way to deploy renewable energy infrastructure.

In addition to these, factors that are believed to fuel the market growth of renewable drones include increasing awareness about the need for renewable energy sources, government support for clean energy sources, and technological advancements in the field of renewable energy. For instance, it is demonstrated that drone inspection and robotics-based automatic operations and maintenance (O&M) improve safety and productivity by handling dangerous repetitive work. Renewable energy sources, such as solar, wind, and geothermal, are becoming increasingly reliable and cost-effective. This allows for emerging drone technologies, such as solar-powered drones, to be used in a variety of applications.