Drones for Oil and Gas Sector: Growth Drivers and Challenges
Growth Drivers
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Rising prevalence of drones in all three sectors of oil and gas
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Increase in well drilling
Challenges
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Expensive drone technology
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Lack of presence of drone companies in lower economic regions
Drones for Oil and Gas Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
39.3% |
|
Base Year Market Size (2024) |
USD 20.09 billion |
|
Forecast Year Market Size (2037) |
USD 1.49 trillion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of drones for oil and gas is evaluated at USD 26.8 billion.
Drones for Oil and Gas Market size was over USD 20.09 billion in 2024 and is poised to exceed USD 1.49 trillion by 2037, growing at over 39.3% CAGR during the forecast period i.e., between 2025-2037.
North America industry is expected to dominate majority revenue share by 2037, as the region's oil-well drilling rate is increasing.
The major players in the market are PrecisionHawk, Terra Drone Corp., Equinox's Drones, and Viper Drones, among others.
