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Utility Drones Trends and Forecast
The future of the global utility drones market looks promising with opportunities in the power and renewable markets. The global utility drones market is expected to grow with a CAGR of 31.2% from 2024 to 2030. The major drivers for this market are increasing worldwide demand for reducing disruptions in transmission infrastructure, enhancing efficiency in terms of both time and cost, and enhancing accessibility in challenging or dangerous environments.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Utility Drones by Segment
The study includes a forecast for the global utility drones by type, services, end use, and region.
Utility Drones Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Multi-Rotor
• Fixed Wing
Utility Drones Market by Services [Shipment Analysis by Value from 2018 to 2030]:
• End-to-End Solution
• Point Solution
Utility Drones Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Power
• Renewable
Utility Drones Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Utility Drones Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies utility drones companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the utility drones companies profiled in this report include-
• Cyberhawk
• Delair
• Hemav
• Precisionhawk
• Measure
Utility Drones Market Insights
Lucintel forecasts that multi-rotor will remain the larger segment over the forecast period due to cost-effective and easily accessible in the market.
Within this market, power will remain the largest segment due to use of little or no fuel; and negligible environmental impact.
North America will remain the largest region over the forecast period due to growing capital inflow into power infrastructure development.
Features of the Global Utility Drones Market
Market Size Estimates: Utility drones market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Utility drones market size by type, services, end use, and region in terms of value ($B).
Regional Analysis: Utility drones market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, services, end use, and regions for the utility drones market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the utility drones market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for utility drones market?
Answer: The global utility drones market is expected to grow with a CAGR of 31.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the utility drones market?
Answer: The major drivers for this market are increasing worldwide demand for reducing disruptions in transmission infrastructure, enhancing efficiency in terms of both time and cost and enhancing accessibility in challenging or dangerous environments.
Q3. What are the major segments for utility drones market?
Answer: The future of the utility drones market looks promising with opportunities in the power and renewable markets.
Q4. Who are the key utility drones market companies?
Answer: Some of the key utility drones companies are as follows:
• Cyberhawk
• Delair
• Hemav
• Precisionhawk
• Measure
Q5. Which utility drones market segment will be the largest in future?
Answer: Lucintel forecasts that multi-rotor will remain the larger segment over the forecast period due to cost-effective and easily accessible in the market.
Q6. In utility drones market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to growing capital inflow into power infrastructure development.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the utility drones market by type (multi-rotor and fixed wing), services (end-to-end solution and point solution), end use (power and renewable), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Utility Drones Market, Utility Drones Market Size, Utility Drones Market Growth, Utility Drones Market Analysis, Utility Drones Market Report, Utility Drones Market Share, Utility Drones Market Trends, Utility Drones Market Forecast, Utility Drones Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Utility Drones Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Utility Drones Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Utility Drones Market by Type
3.3.1: Multi-rotor
3.3.2: Fixed wing
3.4: Global Utility Drones Market by Services
3.4.1: End-to-end solution
3.4.2: Point solution
3.5: Global Utility Drones Market by End Use
3.5.1: Power
3.5.2: Renewable
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Utility Drones Market by Region
4.2: North American Utility Drones Market
4.2.2: North American Utility Drones Market by End Use: Power and Renewable
4.3: European Utility Drones Market
4.3.1: European Utility Drones Market by Type: Multi-Rotor and Fixed Wing
4.3.2: European Utility Drones Market by End Use: Multi-Rotor and Fixed Wing
4.4: APAC Utility Drones Market
4.4.1: APAC Utility Drones Market by Type: Multi-Rotor and Fixed Wing
4.4.2: APAC Utility Drones Market by End Use: Multi-Rotor and Fixed Wing
4.5: ROW Utility Drones Market
4.5.1: ROW Utility Drones Market by Type: Multi-Rotor and Fixed Wing
4.5.2: ROW Utility Drones Market by End Use: Multi-Rotor and Fixed Wing
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Utility Drones Market by Type
6.1.2: Growth Opportunities for the Global Utility Drones Market by Services
6.1.3: Growth Opportunities for the Global Utility Drones Market by End Use
6.1.4: Growth Opportunities for the Global Utility Drones Market by Region
6.2: Emerging Trends in the Global Utility Drones Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Utility Drones Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Utility Drones Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Cyberhawk
7.2: Delair
7.3: HEMAV
7.4: PrecisionHawk
7.5: Measure
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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