Inspection Drones Market Trends

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)

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 â€“ 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 Trends