Inspection Drones Market Size & Share, by Solution (Software, Services, Platform, Infrastructure); Application (Construction & Infrastructure, Agriculture, Utilities, Oil & Gas, Mining); Type (Hybrid, Multirotor, Fixed Wing); Mode of Operation (Remotely Piloted, Optionally Piloted, Fully Autonomous); Component (Mainframe, Brushless Motors & ESC, Transmitter & Receiver, Flight Controller) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5131
  • Published Date: Aug 07, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Inspection Drones Market size is estimated to surpass USD 35 Billion by the end of 2035, witnessing around 24% CAGR during the forecast period i.e., 2023 – 2035. In the year 2022, the industry size of inspection drones was over USD 4 Billion. The growth of the market can be attributed to the growing focus on human safety.  On a global scale developing and transition nations spend 1.5 percent of their GDP on social safety net programmes. Drones offer a more secure alternative to standard manual inspection methods, lowering the dangers associated with putting human workers into potentially dangerous environments.

In addition to these, factor that is believed to fuel the market growth of inspection drones is the rising use of drones for media and entertainment for site inspection. Drones have changed the media and entertainment industry, nowadays production houses are hiring drone crews for USD 5000 per day to instill the use of drones. The growing demand for competence in aerial cinematography technology can be applied to inspection drones, which require trustworthy flying and high-quality pictures as well.


Inspection Drones Market size
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Inspection Drones Sector: Growth Drivers and Challenges

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

2022

Forecast Year

2023-2035

CAGR

~24%

Base Year Market Size (2022)

~ USD 4 Billion

Forecast Year Market Size (2035)

~ USD 35 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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Inspection Drones Segmentation

Type (Multirotor Drone, Fixed Wing Drone, Hybrid Drone)

The multirotor drone segment is estimated to hold 38% share of the global inspection drones market in the year 2035. The growth of the segment can be attributed to the flexibility of multirotor drones. These drones often come with two, three, four, six, or even more, rotors they are known as bicopters, tricopters, quadcopters, hexacopters, and others. The rotors can be used as per the demand of the industry. The drones with higher rotors can be used for lifting heavy weights in the air. Moreover, there have been many new innovations in multirotor drones which are also expected to expand the segment’s growth.

End User (Oil & Gas, Agriculture, Construction, Utilities, Solar Panel & Windmill, Defense & Security)

The oil & gas segment in the inspection drones market is expected to garner a significant share of around 30% in the year 2035. Inspection drones are used for inspection of oil and gas wells, pipelines, and transmission infrastructure.  The use of these drones can help in identifying potential issues, such as leaks, structural damage, corrosion, and others. The growing demand for oil and gas in the world, will increase the exploration of these wells and thus increase the demand for inspection drones. The IEA predicts that the world's oil needs are projected to be 8% higher in 2030 than in 2021, with the world expecting 10% growth throughout that time.

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

          Type

  • Multirotor Drone
  • Fixed Wing Drone
  • Hybrid Drone

         Operation Mode

  • Remote
  • Semi-Autonomous
  • Fully Autonomous

          End User

  • Oil & Gas
  • Agriculture
  • Construction
  • Utilities
  • Solar Panel & Windmill
  • Defense & Security

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Inspection Drones Industry- Regional Synopsis

North American Market Forecast

The inspection drones market in North America is projected to be the largest with a share of about 41% by the end of 2035. The growth of the market can be attributed majorly to the rising manufacturing of drones in the region. The manufacturing of commercial drones and services related to it is expected to increase from around USD 8 billion to USD 20 Billion by 2026 in the United States. This will increase the manufacturing of drones for inspection purposes and will also increase the accessibility to the public.

APAC Market Statistics

The Asia Pacific inspection drones market is estimated to be the second largest, registering a share of about 22% by the end of 2035. The growth of the market can be attributed majorly to rising research on the use of drones in the agriculture sector. For instance, The Indian Council of Agricultural Research (ICAR) launched an initiative program in September 2021 to conduct research on the implementation of drones and artificial intelligence (AI) for rapid tracking of crop development, health, and management with improved input use efficiency.

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Inspection Drones Market
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Companies Dominating the Inspection Drones Landscape

top-features-companies
    • EPAZZ, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Aerialtronics
    • DJI
    • 3D Robotics
    • ECA Group
    • Teledyne Flir LLC
    • Northrop Grumman Corporation
    • Parrot SAS
    • Sensefly Ltd.
    • Lockheed Martin

In-the-news

In The News

  • December 2022: DJI announced the development of an ultra-light and compact size drone with a camera, DJI Mini 3. The drone is less than 349 grams and can be operated remotely.
  • March 2023: EPAZZ, Inc. has currently developed the Zenadron 1000 autonomous product and also presented its different applications for U.S. military.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5131
  • Published Date: Aug 07, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing advancement in drone technology and the growing use of drones in the media industry are the major factors driving the market growth.

The market size of inspection drones is anticipated to attain a CAGR of ~24% over the forecast period, i.e., 2023 – 2035.

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., and Lockheed Martin

The multi-rotor drone segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Inspection Drones Market Report Scope
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