Drone Inspection and Monitoring Market by Solution (Platform, Software, Infrastructure And Service), Type (Fixed Wing, Multirotor, Hybrid), Applications (Constructions & Infrastructure, Agriculture), Mode Of Operations & Region - Global Forecast to 2027
Drone Inspection and Monitoring Market by Solution (Platform, Software, Infrastructure And Service), Type (Fixed Wing, Multirotor, Hybrid), Applications (Constructions & Infrastructure, Agriculture), Mode Of Operations & Region - Global Forecast to 2027
Abstract
The drone inspection and monitoring market is projected to grow from USD 10.5 Billion in 2022 to USD 21.3 Billion by 2027, at a CAGR of 15.1% from 2022 to 2027. Increasing demand for safe and accurate inspection & monitoring to drive the market growth during the forecast period.
Drones for inspection and monitoring have been increasingly used by various industries, such as logistics, mining, agriculture, real estate, oil & gas due to their cost-effective, timeless and data acquisition benefits. The conventional data acquisition and inspection methods are constrained by safety and time, often resulting in a shortage of detailed information for evaluation and monitoring. Extraordinary time efficiency, cost-effectiveness and high precision make drones a reliable data acquisition solution that can offer accurate results and synchronous monitoring for various end-use industry applications. The effective monitoring area of drones is nearly 100–10,0000 m2, and the corresponding error is about 2–20 cm.
Drones showcase significant potential in mining inspection and monitoring application at medium or large scales. Drones equipped with different payloads such as camera or sensor depending on application need. Such payloads gathered basic data which can help to perform various monitoring operations and, hence, are largely used in various applications, including ecological restoration assessment, pollution monitoring, land damage calculation, ecological & geological hazards monitoring, land reclamation activities, and terrain surveying and 3D modeling. Some of the popular drones currently available in the market for inspection and monitoring are DJI Matrice 300 RTK, DJI Matrice 210 v2, Flyability Elios 2, AceCore Zoe, DJI M600 containing PhaseOne imaging technology, DJI Mavic Enterprise, and Parrot Anafi.
In 2020, as per the National Safety council, construction sites had face high risks due to the human intervention in inspection process. So now, after the use of drone LiDAR to inspect fill levels, the risk has been reduced.
Based on application, construction & infrastructure to witness high growth during 2022–2027
Based on application, the drone inspection and monitoring market has been segmented into construction & infrastructure, agriculture, oil & gas, utilities, mining, and others. Among these construction & infrastructure is expected to grow at higher CAGR during the forecast period. Drone inspections utilize ultra-high-resolution image capture devices, jointly with technologies such as LiDAR and thermal imaging, to accumulate thorough data of bridges, property and real estate, and railways on a single flight. This data helps firms undertake a complete evaluation of their asset’s condition quite quickly. Assets can then be linked against their proposed lifecycle, and data from earlier inspections determined if remedial or preventative maintenance is needed.
This can add many years of life to a critical asset and prevent the excessive capital expenditure of replacing a component before its valuable life ends. This acceptance of technology is driven chiefly by remarkable technological developments in drone hardware in terms of size and endurance, the sensor equipment that drones can bear, and major software improvements. The US has a high budget for infrastructure revamping and, thus, is a potential market for drone inspection and monitoring. For instance, during his presidency, Donald Trump campaigned for 1 trillion dollars to revamp highways, bridges, tunnels, etc., which increased the adoption of drones for construction & infrastructure inspection and monitoring application.
The North America region dominated the market with largest share in 2022
North America is estimated to account for largest share in 2022. With the increased use of drones for asset monitoring and oil and gas applications, their procurement is expected to contribute to the growth of the drone inspection and monitoring market in this region. The US and Canada are increasingly investing in the development of drones owing to their surging demand for various applications.
Major players in the drone inspection and monitoring market are Intel Corporation (US), Lockheed Martin Corporation (US), Wipro (India), Intertek Group plc (UK), and MISTRAS Group, Inc. (US). These companies adopted strategies including product and service launches, contracts, partnerships, agreements, and expansions to sustain their position in the market. Also focusing on expanding distribution networks in North America, Europe, Asia Pacific, Middle East and Rest of the World in turn driving the demand for drone inspection and monitoring market.
Research Coverage
This research report categorizes classified the drone inspection and monitoring market into solution, type, application, mode of operation, distribution channel, and region. The drone inspection and monitoring market has been studied for North America, Europe, Asia Pacific, Middle and Rest of the World.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the drone inspection and monitoring market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches associated with the drone inspection and monitoring market. Competitive analysis of upcoming startups in the drone inspection and monitoring market ecosystem is covered in this report.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall drone inspection and monitoring market and its segments. This study is also expected to provide application-wise information about the end-use industrial sectors, wherein fixed-wing, multirotor, and hybrid drones are used for various industry inspection and monitoring. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on drone inspection and monitoring system offered by the top players in the market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product and services launches in the drone inspection and monitoring market.
•Market Development: Comprehensive information about lucrative markets – the report analyzes the drone inspection and monitoring market across varied regions.
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the drone inspection and monitoring market
•Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the drone inspection and monitoring market
Content
Table of Contents
1INTRODUCTION47
1.1STUDY OBJECTIVES47
1.2MARKET DEFINITION48
1.3MARKET SCOPE48
1.3.1MARKETS COVERED48
FIGURE 1DRONE INSPECTION AND MONITORING MARKET SEGMENTATION48
1.3.2YEARS CONSIDERED49
1.3.3REGIONAL SCOPE49
1.4INCLUSIONS AND EXCLUSIONS50
TABLE 1DRONE INSPECTION AND MONITORING MARKET: INCLUSIONS AND EXCLUSIONS50
1.5CURRENCY CONSIDERED50
TABLE 2USD EXCHANGE RATES50
1.6MARKET STAKEHOLDERS51
1.7LIMITATIONS51
1.8SUMMARY OF CHANGES51
2RESEARCH METHODOLOGY53
2.1RESEARCH DATA53
FIGURE 2RESEARCH PROCESS FLOW53
FIGURE 3DRONE INSPECTION AND MONITORING MARKET: RESEARCH DESIGN54
2.1.1SECONDARY DATA54
2.1.1.1Key data from secondary sources55
2.1.2PRIMARY DATA55
2.1.2.1Key industry insights56
2.1.2.2Key data from primary sources56
2.1.2.3Primary sources57
2.1.2.4Breakdown of primaries57
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION57
2.2RECESSION IMPACT ANALYSIS57
2.2.1DEMAND-SIDE INDICATORS57
FIGURE 5GLOBAL DRONE INVESTMENT VALUE (USD MILLION), 2015–202158
2.2.2SUPPLY-SIDE INDICATORS58
FIGURE 6HALF-YEAR RESULT OF TOP FIVE PLAYERS, 2019–202258
2.3FACTOR ANALYSIS59
2.3.1INTRODUCTION59
2.3.2DEMAND-SIDE INDICATORS59
2.3.3SUPPLY-SIDE INDICATORS59
2.4MARKET SIZE ESTIMATION60
2.5RESEARCH APPROACH AND METHODOLOGY60
2.5.1BOTTOM-UP APPROACH60
2.5.1.1Platform market approach61
2.5.1.2Software market approach61
2.5.1.3Infrastructure market approach61
2.5.1.4Services market approach61
2.5.1.5Regional split of drone inspection and monitoring market62
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH62
2.5.2TOP-DOWN APPROACH62
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH62
2.6TRIANGULATION AND VALIDATION63
2.6.1TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH63
FIGURE 9DATA TRIANGULATION63
2.7RESEARCH ASSUMPTIONS64
FIGURE 10ASSUMPTIONS FOR RESEARCH STUDY64
2.7.1ASSUMPTIONS USED IN MARKET SIZING AND FORECAST64
2.8LIMITATIONS64
2.9RISKS65
3EXECUTIVE SUMMARY66
FIGURE 11BY TYPE, HYBRID SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD67
FIGURE 12BY MODE OF OPERATION, OPTIONALLY PILOTED SEGMENT TO LEAD MARKET FROM 2022 TO 202767
FIGURE 13BY APPLICATION, AGRICULTURE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 202768
FIGURE 14DRONE INSPECTION AND MONITORING MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2022 TO 202768
4PREMIUM INSIGHTS70
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN DRONE INSPECTION AND MONITORING MARKET70
FIGURE 15IMPROVEMENT IN REGULATORY FRAMEWORK TO DRIVE MARKET GROWTH FROM 2022 TO 202770
4.2DRONE INSPECTION AND MONITORING MARKET, BY TYPE70
FIGURE 16BY TYPE, MULTIROTOR SEGMENT EXPECTED TO LEAD DRONE INSPECTION AND MONITORING MARKET FROM 2022 TO 202770
4.3DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION71
FIGURE 17BY APPLICATION, CONSTRUCTION & INFRASTRUCTURE SEGMENT PROJECTED TO DRIVE MARKET FROM 2022 TO 202771
4.4DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION71
FIGURE 18BY MODE OF OPERATION, OPTIONALLY PILOTED DRONE SEGMENT FORECASTED TO ACCOUNT FOR MOST SIGNIFICANT MARKET SHARE FROM 2022 TO 202771
4.5DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION72
FIGURE 19BY SOLUTION, SERVICES SEGMENT FORECASTED TO LEAD MARKET FROM 2022 TO 202772
4.6DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL72
FIGURE 20BY DISTRIBUTION CHANNEL, OFFLINE SEGMENT ESTIMATED TO BOOST MARKET FROM 2022 TO 202772
4.7DRONE INSPECTION AND MONITORING MARKET, BY REGION73
FIGURE 21NORTH AMERICA ESTIMATED TO LEAD MARKET IN 202273
5MARKET OVERVIEW74
5.1INTRODUCTION74
5.2MARKET DYNAMICS74
FIGURE 22DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN DRONE INSPECTION AND MONITORING MARKET74
5.2.1DRIVERS75
5.2.1.1Increase in demand for safe and accurate inspection & monitoring75
5.2.1.2Increased cost-saving and human safety75
5.2.1.3Rise in usage of drones as remote visual inspection (RVI) tools for critical infrastructure applications76
TABLE 3COST COMPARISON: DRONE VS. UNDER-BRIDGE INSPECTION VEHICLES77
5.2.2RESTRAINTS78
5.2.2.1Lack of skilled personnel to operate drones for inspection & monitoring applications78
5.2.2.2Issues with drone safety and security78
5.2.3OPPORTUNITIES79
5.2.3.1Technology advancements in drones79
5.2.3.2Advancements in LiDAR technology for commercial drones79
5.2.4CHALLENGES80
5.2.4.1Regulatory hurdles and budgetary & other constraints80
5.2.4.2Limited flight endurance & payload capacity80
5.3AVERAGE SELLING PRICE80
TABLE 4AVERAGE SELLING PRICE OF DRONES, BY APPLICATION81
5.4VALUE CHAIN ANALYSIS81
FIGURE 23VALUE CHAIN: DRONE INSPECTION AND MONITORING MARKET82
5.5MARKET ECOSYSTEM MAP83
FIGURE 24DRONE INSPECTION AND MONITORING MARKET ECOSYSTEM MAP83
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS84
5.6.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR DRONE INSPECTION AND MONITORING MARKET84
FIGURE 25REVENUE SHIFT CURVE FOR DRONE INSPECTION AND MONITORING MARKET84
5.7PORTER’S FIVE FORCES ANALYSIS85
FIGURE 26PORTER’S FIVE FORCES ANALYSIS FOR DRONE INSPECTION AND MONITORING MARKET85
5.7.1THREAT OF NEW ENTRANTS85
5.7.2THREAT OF SUBSTITUTES85
5.7.3BARGAINING POWER OF SUPPLIERS86
5.7.4BARGAINING POWER OF BUYERS86
5.7.5INTENSITY OF COMPETITIVE RIVALRY86
5.8TRADE DATA STATISTICS86
TABLE 5LIST OF IMPORTERS FOR PRODUCT: 880211 HELICOPTERS OF AN UNLADEN WEIGHT <= 2,000 KG87
TABLE 6LIST OF EXPORTERS FOR PRODUCT: 880211 HELICOPTERS OF AN UNLADEN WEIGHT <= 2,000 KG88
5.9TARIFF AND REGULATORY LANDSCAPE89
TABLE 7HSN CODE AND GST RATE FOR AIRCRAFT AND UAV DRONES—HSN CHAPTER 8889
TABLE 82019 DUTY RATES FOR DRONES AND THEIR ACCESSORIES IN NORTH AMERICA91
TABLE 9US: RULES AND GUIDELINES BY FAA FOR OPERATION OF DRONES92
5.10KEY STAKEHOLDERS & BUYING CRITERIA94
5.10.1KEY STAKEHOLDERS IN BUYING PROCESS94
FIGURE 27INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS94
TABLE 10INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOLUTIONS (%)94
5.10.2BUYING CRITERIA95
FIGURE 28KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS95
TABLE 11KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS95
5.11KEY CONFERENCES & EVENTS IN 2022–202396
TABLE 12CONFERENCES & EVENTS: 2022–202496
6INDUSTRY TRENDS97
6.1INTRODUCTION97
6.2TECHNOLOGY TRENDS97
6.2.1DRONE DATA CREATED WITH POINT CLOUD97
6.2.2AI INSPECTION98
6.2.3SWARM DRONES98
6.2.4AUTOMATED DRONES99
6.3TECHNOLOGY ANALYSIS99
6.3.1HYDROGEN POWER99
6.3.2IMPROVED COMPUTER VISION AND MOTION PLANNING100
6.3.3NEW SCOPE FOR DRONE REST AND RECHARGE100
6.4USE CASE ANALYSIS100
6.4.1USE OF DRONES FOR ROOF INSPECTION100
6.4.2TUV NORD USES DRONES FOR INSPECTION OF WIND TURBINES100
6.4.3NEW YORK (US) STATE POWER USES DRONES FOR POWER LINE INSPECTION101
6.5IMPACT OF MEGATRENDS101
6.5.1DRONES FOR MONITORING ENVIRONMENTAL AND ECOLOGICAL CHANGES101
6.5.2IOT-ENABLED DRONES101
6.5.3RAPID URBANIZATION102
FIGURE 29NDT-UAV APPLICATIONS IN BRIDGE CONDITION MONITORING102
6.6INNOVATION & PATENT REGISTRATIONS103
TABLE 13IMPORTANT INNOVATIONS & PATENT REGISTRATIONS, 2015–2022103
7DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION105
7.1INTRODUCTION106
FIGURE 30SERVICES SEGMENT TO LEAD MARKET SHARE DURING FORECAST PERIOD106
TABLE 14DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)106
TABLE 15DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)106
7.2PLATFORM107
TABLE 16DRONE INSPECTION AND MONITORING MARKET, BY PLATFORM, 2019–2021 (USD MILLION)107
TABLE 17DRONE INSPECTION AND MONITORING MARKET, BY PLATFORM, 2022–2027 (USD MILLION)107
7.2.1AIRFRAME107
7.2.1.1Usage of composite materials for lightweight airframes with better flight time to drive market107
7.2.2AVIONICS108
7.2.2.1Multi-function capabilities of avionics systems to drive market108
7.2.3PROPULSION108
7.2.3.1Extensive R&D on drone propulsion systems to drive market108
7.2.4SOFTWARE108
7.2.4.1Rapid data processing with drone software to drive market108
7.2.5PAYLOAD109
7.2.5.1Rising demand for drones in commercial and military sectors to drive segment109
TABLE 18DRONE INSPECTION AND MONITORING MARKET, BY PAYLOAD, 2019–2021 (USD MILLION)109
TABLE 19DRONE INSPECTION AND MONITORING MARKET, BY PAYLOAD, 2022–2027 (USD MILLION)109
7.2.5.2Photogrammetry109
7.2.5.2.1High-resolution cameras110
7.2.5.2.2Thermal cameras110
7.2.5.2.3Multispectral cameras110
7.2.5.3LiDAR111
7.3SOFTWARE111
7.3.1ROUTE PLANNING & OPTIMIZATION111
7.3.1.1Innovations in route planning software, self-learning algorithms, & auto-flight systems to boost demand for software111
7.3.2INVENTORY MANAGEMENT112
7.3.2.1Use of machine learning algorithms to process results112
7.3.3LIVE TRACKING112
7.3.3.1Real-time tracking enables accuracy in data analysis112
7.3.4FLEET MANAGEMENT112
7.3.4.1Diligent monitoring of inventory, assets, and productivity requires single software platform112
7.3.5COMPUTER VISION & OBJECT DETECTION113
7.3.5.1Computer vision backed with machine learning and deep learning algorithms to enhance drone industry113
7.4INFRASTRUCTURE113
TABLE 20DRONE INSPECTION AND MONITORING MARKET, BY INFRASTRUCTURE, 2019–2021 (USD MILLION)113
TABLE 21DRONE INSPECTION AND MONITORING MARKET, BY INFRASTRUCTURE, 2022–2027 (USD MILLION)113
7.4.1GROUND CONTROL STATIONS114
7.4.1.1Efficiency of GCS in controlling drones and their payloads to drive market114
7.4.2CHARGING STATIONS114
7.4.2.1Vital for uninterrupted drone operations114
7.4.3LAUNCH & RECOVERY SYSTEMS114
7.4.3.1Ability to provide extra support to drone users during takeoff and landing to drive market114
7.5SERVICES115
7.5.1DRONE PLATFORM SERVICES115
7.5.1.1Rapid urbanization and industrialization to drive market115
TABLE 22DRONE INSPECTION AND MONITORING MARKET, BY DRONE PLATFORM SERVICES, 2019–2021 (USD MILLION)115
TABLE 23DRONE INSPECTION AND MONITORING MARKET, BY DRONE PLATFORM SERVICES, 2022–2027 (USD MILLION)116
7.5.1.2Flights (piloting & operations)116
7.5.1.3Data analysis116
7.5.1.4Data processing (deliverables)116
7.5.1.4.1Thermal mapping & modeling117
7.5.1.4.23D models118
7.5.1.4.32D models & imagery (digital terrain, contour maps, point clouds, and elevation models)118
8DRONE INSPECTION AND MONITORING MARKET, BY TYPE119
8.1INTRODUCTION120
FIGURE 31HYBRID TYPE TO RECORD HIGHEST GROWTH DURING 2022–2027120
TABLE 24DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2019–2021 (USD MILLION)120
TABLE 25DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2022–2027 (USD MILLION)120
8.2FIXED-WING121
8.2.1GROWING DEMAND IN MINING SECTOR OWING TO LONGER FLIGHT TIME TO DRIVE MARKET121
8.3MULTIROTOR121
8.3.1CONTRIBUTES TO LARGEST MARKET SHARE DURING FORECAST PERIOD121
8.4HYBRID121
8.4.1BETTER PAYLOAD CAPACITY AND ENDURANCE THAN NON-HYBRID DRONES TO DRIVE MARKET GROWTH121
9DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION122
9.1INTRODUCTION123
FIGURE 32CONSTRUCTION & INFRASTRUCTURE TO WITNESS HIGH GROWTH DURING 2022–2027123
TABLE 26DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)123
TABLE 27DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)124
9.2CONSTRUCTION & INFRASTRUCTURE124
TABLE 28CONSTRUCTION & INFRASTRUCTURE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)124
TABLE 29CONSTRUCTION & INFRASTRUCTURE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)125
9.2.1BRIDGES125
9.2.1.1High-quality 3D images obtained from drones to help in bridge maintenance and rehabilitation125
9.2.2PROPERTY & REAL ESTATE126
9.2.2.1Thorough and rapid assessment with drones significantly helps save money and time126
9.2.3RAILWAYS126
9.2.3.1Rising demand in Asia Pacific and North America to drive market126
9.3AGRICULTURE127
TABLE 30DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE, 2019–2021 (USD MILLION)127
TABLE 31DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE, 2022–2027 (USD MILLION)127
9.3.1SOIL & CROP128
9.3.1.1High-quality drone data and photogrammetry to provide farmers with all advantages accessible128
9.3.2HEALTH ASSESSMENT128
9.3.2.1Usage of multispectral and infrared thermal sensors boosts tree disease inspection and prevention128
9.4OIL & GAS128
TABLE 32DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS, 2019–2021 (USD MILLION)129
TABLE 33DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS, 2022–2027 (USD MILLION)129
9.4.1UPSTREAM129
9.4.1.1Advanced drone technology leads to faster inspection and reduced downtime129
9.4.2MIDSTREAM129
9.4.2.1Cost-effective and accurate inspection possible with drones129
9.5UTILITIES130
TABLE 34DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES, 2019–2021 (USD MILLION)130
TABLE 35DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES, 2022–2027 (USD MILLION)130
9.5.1TOWER INSPECTION131
9.5.1.1Drones outfitted with thermal and UV cameras to drive market131
9.5.2POWER TRANSMISSION131
9.5.2.1Close-up photography/videography using drone-based inspection & monitoring to drive segment131
9.5.3WIND TURBINE131
9.5.3.1Timeliness, cost-effectiveness, and accuracy of drones in inspecting and monitoring wind turbines to boost market131
9.6MINING131
TABLE 36DRONE INSPECTION AND MONITORING MARKET, BY MINING, 2019–2021 (USD MILLION)132
TABLE 37DRONE INSPECTION AND MONITORING MARKET, BY MINING, 2022–2027 (USD MILLION)132
9.6.1STOCKPILE132
9.6.1.1Accurate and rapid inspection possible with drones132
9.6.2TAILING DAMS & QUARRY INSPECTION132
9.6.2.1Cost-effective, quick, and high-quality orthoimages captured with drones to drive this segment132
9.7OTHERS133
TABLE 38DRONE INSPECTION AND MONITORING MARKET, BY OTHERS, 2019–2021 (USD MILLION)133
TABLE 39DRONE INSPECTION AND MONITORING MARKET, BY OTHERS, 2022–2027 (USD MILLION)133
9.7.1AVIATION134
9.7.1.1Use of high-level technologies for inspection and monitoring aircraft to boost market growth134
9.7.2WILDLIFE & FORESTRY134
9.7.2.1Cost-effective and rapid inspection & monitoring with drones to drive this segment134
9.7.3INSURANCE134
9.7.3.1Increasing demand for drones in commercial sector to boost market growth134
9.7.4LOGISTICS135
9.7.4.1Easy approval for indoor drones compared with outdoor ones and rising demand in warehouse and logistics industries135
10DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION136
10.1INTRODUCTION137
FIGURE 33OPTIONALLY PILOTED SEGMENT PROJECTED TO HOLD LEADING SHARE DURING FORECAST PERIOD137
TABLE 40DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)137
TABLE 41DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)138
10.2REMOTELY PILOTED138
10.2.1DEMAND FOR REMOTELY PILOTED DRONES IN CONSTRUCTION SECTOR TO DRIVE GROWTH138
10.3OPTIONALLY PILOTED138
10.3.1OPTIONALLY PILOTED DRONES WIDELY USED IN AGRICULTURAL SECTOR138
10.4FULLY AUTONOMOUS139
10.4.1FULLY AUTONOMOUS DRONES EXPECTED TO WITNESS HIGH DEMAND139
11DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL140
11.1INTRODUCTION141
FIGURE 34OFFLINE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD141
TABLE 42DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL, 2019–2021 (USD MILLION)141
TABLE 43DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL, 2022–2027 (USD MILLION)141
11.2ONLINE142
11.2.1ONLINE DISTRIBUTION CHANNELS TO DRIVE SALE OF DRONES142
11.3OFFLINE142
11.3.1OFFLINE DISTRIBUTION CHANNELS TO NULLIFY WAITING TIME FOR DELIVERY OF PRODUCTS142
12REGIONAL ANALYSIS143
12.1INTRODUCTION144
FIGURE 35DRONE INSPECTION AND MONITORING MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD144
TABLE 44REVENUE IMPACT ANALYSIS145
TABLE 45DRONE INSPECTION AND MONITORING MARKET, BY REGION, 2019–2021 (USD MILLION)146
TABLE 46DRONE INSPECTION AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)146
12.2NORTH AMERICA146
12.2.1PESTLE ANALYSIS: NORTH AMERICA147
FIGURE 36NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET SNAPSHOT149
TABLE 47NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2019–2021 (USD MILLION)149
TABLE 48NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)149
TABLE 49NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)150
TABLE 50NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)150
TABLE 51NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)150
TABLE 52NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)151
TABLE 53NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2019–2021 (USD MILLION)151
TABLE 54NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2022–2027 (USD MILLION)151
TABLE 55NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICE, 2019–2021 (USD MILLION)151
TABLE 56NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICE, 2022–2027 (USD MILLION)152
TABLE 57NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2019–2021 (USD MILLION)152
TABLE 58NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2022–2027 (USD MILLION)152
TABLE 59NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)153
TABLE 60NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)153
TABLE 61NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2019–2021 (USD MILLION)153
TABLE 62NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2022–2027 (USD MILLION)154
TABLE 63NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2019–2021 (USD MILLION)154
TABLE 64NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2022–2027 (USD MILLION)154
TABLE 65NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2019–2021 (USD MILLION)154
TABLE 66NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2022–2027 (USD MILLION)155
TABLE 67NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2019–2021 (USD MILLION)155
TABLE 68NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2022–2027 (USD MILLION)155
TABLE 69NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2019–2021 (USD MILLION)155
TABLE 70NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2022–2027 (USD MILLION)156
TABLE 71NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2019–2021 (USD MILLION)156
TABLE 72NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2022–2027 (USD MILLION)156
12.2.2US157
12.2.2.1Increase in investment in development of inspection drones to drive market in US157
TABLE 73US: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)157
TABLE 74US: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)157
TABLE 75US: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)158
TABLE 76US: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)158
12.2.3CANADA158
12.2.3.1Increase in demand for inspection services for commercial and defense applications to boost market in Canada158
TABLE 77CANADA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)159
TABLE 78CANADA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)159
TABLE 79CANADA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)159
TABLE 80CANADA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)160
12.3EUROPE160
12.3.1PESTLE ANALYSIS: EUROPE160
FIGURE 37EUROPE: DRONE INSPECTION AND MONITORING MARKET SNAPSHOT163
TABLE 81EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2019–2021 (USD MILLION)163
TABLE 82EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)164
TABLE 83EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)164
TABLE 84EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)164
TABLE 85EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)165
TABLE 86EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)165
TABLE 87EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2019–2021 (USD MILLION)165
TABLE 88EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2022–2027 (USD MILLION)166
TABLE 89EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICES, 2019–2021 (USD MILLION)166
TABLE 90EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICES, 2022–2027 (USD MILLION)166
TABLE 91EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2019–2021 (USD MILLION)166
TABLE 92EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2022–2027 (USD MILLION)167
TABLE 93EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)167
TABLE 94EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)167
TABLE 95EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2019–2021 (USD MILLION)168
TABLE 96EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2022–2027 (USD MILLION)168
TABLE 97EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2019–2021 (USD MILLION)168
TABLE 98EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2022–2027 (USD MILLION)168
TABLE 99EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2019–2021 (USD MILLION)169
TABLE 100EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2022–2027 (USD MILLION)169
TABLE 101EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2019–2021 (USD MILLION)169
TABLE 102EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2022–2027 (USD MILLION)169
TABLE 103EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2019–2021 (USD MILLION)170
TABLE 104EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2022–2027 (USD MILLION)170
TABLE 105EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2019–2021 (USD MILLION)170
TABLE 106EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2022–2027 (USD MILLION)170
12.3.2UK171
12.3.2.1Technological advancements and changing regulatory policies to drive market in UK171
TABLE 107UK: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)171
TABLE 108UK: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)171
TABLE 109UK: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)172
TABLE 110UK: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)172
12.3.3FRANCE172
12.3.3.1Rising adoption of drones for inspection and monitoring to boost market growth in France172
TABLE 111FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)173
TABLE 112FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)173
TABLE 113FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)173
TABLE 114FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)174
12.3.4GERMANY174
12.3.4.1Drone Innovation Hub to promote drone industry in Germany174
TABLE 115GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)174
TABLE 116GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)175
TABLE 117GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)175
TABLE 118GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)175
12.3.5ITALY176
12.3.5.1Rising instances of PV monitoring and oil & gas inspection to drive demand176
TABLE 119ITALY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)176
TABLE 120ITALY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)176
TABLE 121ITALY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)177
TABLE 122ITALY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)177
12.3.6RUSSIA177
12.3.6.1Increased use of monitoring and inspection services to drive demand177
TABLE 123RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)178
TABLE 124RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)178
TABLE 125RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)178
TABLE 126RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)179
12.3.7SWEDEN179
12.3.7.1Growing procurement of UAVs for military applications in Sweden179
TABLE 127SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)179
TABLE 128SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)180
TABLE 129SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)180
TABLE 130SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)180
12.3.8REST OF EUROPE181
TABLE 131REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)181
TABLE 132REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)181
TABLE 133REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)182
TABLE 134REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)182
Drones for inspection and monitoring have been increasingly used by various industries, such as logistics, mining, agriculture, real estate, oil & gas due to their cost-effective, timeless and data acquisition benefits. The conventional data acquisition and inspection methods are constrained by safety and time, often resulting in a shortage of detailed information for evaluation and monitoring. Extraordinary time efficiency, cost-effectiveness and high precision make drones a reliable data acquisition solution that can offer accurate results and synchronous monitoring for various end-use industry applications. The effective monitoring area of drones is nearly 100–10,0000 m2, and the corresponding error is about 2–20 cm.
Drones showcase significant potential in mining inspection and monitoring application at medium or large scales. Drones equipped with different payloads such as camera or sensor depending on application need. Such payloads gathered basic data which can help to perform various monitoring operations and, hence, are largely used in various applications, including ecological restoration assessment, pollution monitoring, land damage calculation, ecological & geological hazards monitoring, land reclamation activities, and terrain surveying and 3D modeling. Some of the popular drones currently available in the market for inspection and monitoring are DJI Matrice 300 RTK, DJI Matrice 210 v2, Flyability Elios 2, AceCore Zoe, DJI M600 containing PhaseOne imaging technology, DJI Mavic Enterprise, and Parrot Anafi.
In 2020, as per the National Safety council, construction sites had face high risks due to the human intervention in inspection process. So now, after the use of drone LiDAR to inspect fill levels, the risk has been reduced.
Based on application, construction & infrastructure to witness high growth during 2022–2027
Based on application, the drone inspection and monitoring market has been segmented into construction & infrastructure, agriculture, oil & gas, utilities, mining, and others. Among these construction & infrastructure is expected to grow at higher CAGR during the forecast period. Drone inspections utilize ultra-high-resolution image capture devices, jointly with technologies such as LiDAR and thermal imaging, to accumulate thorough data of bridges, property and real estate, and railways on a single flight. This data helps firms undertake a complete evaluation of their asset’s condition quite quickly. Assets can then be linked against their proposed lifecycle, and data from earlier inspections determined if remedial or preventative maintenance is needed.
This can add many years of life to a critical asset and prevent the excessive capital expenditure of replacing a component before its valuable life ends. This acceptance of technology is driven chiefly by remarkable technological developments in drone hardware in terms of size and endurance, the sensor equipment that drones can bear, and major software improvements. The US has a high budget for infrastructure revamping and, thus, is a potential market for drone inspection and monitoring. For instance, during his presidency, Donald Trump campaigned for 1 trillion dollars to revamp highways, bridges, tunnels, etc., which increased the adoption of drones for construction & infrastructure inspection and monitoring application.
The North America region dominated the market with largest share in 2022
North America is estimated to account for largest share in 2022. With the increased use of drones for asset monitoring and oil and gas applications, their procurement is expected to contribute to the growth of the drone inspection and monitoring market in this region. The US and Canada are increasingly investing in the development of drones owing to their surging demand for various applications.
Major players in the drone inspection and monitoring market are Intel Corporation (US), Lockheed Martin Corporation (US), Wipro (India), Intertek Group plc (UK), and MISTRAS Group, Inc. (US). These companies adopted strategies including product and service launches, contracts, partnerships, agreements, and expansions to sustain their position in the market. Also focusing on expanding distribution networks in North America, Europe, Asia Pacific, Middle East and Rest of the World in turn driving the demand for drone inspection and monitoring market.
Research Coverage
This research report categorizes classified the drone inspection and monitoring market into solution, type, application, mode of operation, distribution channel, and region. The drone inspection and monitoring market has been studied for North America, Europe, Asia Pacific, Middle and Rest of the World.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the drone inspection and monitoring market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches associated with the drone inspection and monitoring market. Competitive analysis of upcoming startups in the drone inspection and monitoring market ecosystem is covered in this report.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall drone inspection and monitoring market and its segments. This study is also expected to provide application-wise information about the end-use industrial sectors, wherein fixed-wing, multirotor, and hybrid drones are used for various industry inspection and monitoring. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on drone inspection and monitoring system offered by the top players in the market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product and services launches in the drone inspection and monitoring market.
•Market Development: Comprehensive information about lucrative markets – the report analyzes the drone inspection and monitoring market across varied regions.
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the drone inspection and monitoring market
•Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the drone inspection and monitoring market
1INTRODUCTION47
1.1STUDY OBJECTIVES47
1.2MARKET DEFINITION48
1.3MARKET SCOPE48
1.3.1MARKETS COVERED48
FIGURE 1DRONE INSPECTION AND MONITORING MARKET SEGMENTATION48
1.3.2YEARS CONSIDERED49
1.3.3REGIONAL SCOPE49
1.4INCLUSIONS AND EXCLUSIONS50
TABLE 1DRONE INSPECTION AND MONITORING MARKET: INCLUSIONS AND EXCLUSIONS50
1.5CURRENCY CONSIDERED50
TABLE 2USD EXCHANGE RATES50
1.6MARKET STAKEHOLDERS51
1.7LIMITATIONS51
1.8SUMMARY OF CHANGES51
2RESEARCH METHODOLOGY53
2.1RESEARCH DATA53
FIGURE 2RESEARCH PROCESS FLOW53
FIGURE 3DRONE INSPECTION AND MONITORING MARKET: RESEARCH DESIGN54
2.1.1SECONDARY DATA54
2.1.1.1Key data from secondary sources55
2.1.2PRIMARY DATA55
2.1.2.1Key industry insights56
2.1.2.2Key data from primary sources56
2.1.2.3Primary sources57
2.1.2.4Breakdown of primaries57
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION57
2.2RECESSION IMPACT ANALYSIS57
2.2.1DEMAND-SIDE INDICATORS57
FIGURE 5GLOBAL DRONE INVESTMENT VALUE (USD MILLION), 2015–202158
2.2.2SUPPLY-SIDE INDICATORS58
FIGURE 6HALF-YEAR RESULT OF TOP FIVE PLAYERS, 2019–202258
2.3FACTOR ANALYSIS59
2.3.1INTRODUCTION59
2.3.2DEMAND-SIDE INDICATORS59
2.3.3SUPPLY-SIDE INDICATORS59
2.4MARKET SIZE ESTIMATION60
2.5RESEARCH APPROACH AND METHODOLOGY60
2.5.1BOTTOM-UP APPROACH60
2.5.1.1Platform market approach61
2.5.1.2Software market approach61
2.5.1.3Infrastructure market approach61
2.5.1.4Services market approach61
2.5.1.5Regional split of drone inspection and monitoring market62
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH62
2.5.2TOP-DOWN APPROACH62
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH62
2.6TRIANGULATION AND VALIDATION63
2.6.1TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH63
FIGURE 9DATA TRIANGULATION63
2.7RESEARCH ASSUMPTIONS64
FIGURE 10ASSUMPTIONS FOR RESEARCH STUDY64
2.7.1ASSUMPTIONS USED IN MARKET SIZING AND FORECAST64
2.8LIMITATIONS64
2.9RISKS65
3EXECUTIVE SUMMARY66
FIGURE 11BY TYPE, HYBRID SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD67
FIGURE 12BY MODE OF OPERATION, OPTIONALLY PILOTED SEGMENT TO LEAD MARKET FROM 2022 TO 202767
FIGURE 13BY APPLICATION, AGRICULTURE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 202768
FIGURE 14DRONE INSPECTION AND MONITORING MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2022 TO 202768
4PREMIUM INSIGHTS70
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN DRONE INSPECTION AND MONITORING MARKET70
FIGURE 15IMPROVEMENT IN REGULATORY FRAMEWORK TO DRIVE MARKET GROWTH FROM 2022 TO 202770
4.2DRONE INSPECTION AND MONITORING MARKET, BY TYPE70
FIGURE 16BY TYPE, MULTIROTOR SEGMENT EXPECTED TO LEAD DRONE INSPECTION AND MONITORING MARKET FROM 2022 TO 202770
4.3DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION71
FIGURE 17BY APPLICATION, CONSTRUCTION & INFRASTRUCTURE SEGMENT PROJECTED TO DRIVE MARKET FROM 2022 TO 202771
4.4DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION71
FIGURE 18BY MODE OF OPERATION, OPTIONALLY PILOTED DRONE SEGMENT FORECASTED TO ACCOUNT FOR MOST SIGNIFICANT MARKET SHARE FROM 2022 TO 202771
4.5DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION72
FIGURE 19BY SOLUTION, SERVICES SEGMENT FORECASTED TO LEAD MARKET FROM 2022 TO 202772
4.6DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL72
FIGURE 20BY DISTRIBUTION CHANNEL, OFFLINE SEGMENT ESTIMATED TO BOOST MARKET FROM 2022 TO 202772
4.7DRONE INSPECTION AND MONITORING MARKET, BY REGION73
FIGURE 21NORTH AMERICA ESTIMATED TO LEAD MARKET IN 202273
5MARKET OVERVIEW74
5.1INTRODUCTION74
5.2MARKET DYNAMICS74
FIGURE 22DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN DRONE INSPECTION AND MONITORING MARKET74
5.2.1DRIVERS75
5.2.1.1Increase in demand for safe and accurate inspection & monitoring75
5.2.1.2Increased cost-saving and human safety75
5.2.1.3Rise in usage of drones as remote visual inspection (RVI) tools for critical infrastructure applications76
TABLE 3COST COMPARISON: DRONE VS. UNDER-BRIDGE INSPECTION VEHICLES77
5.2.2RESTRAINTS78
5.2.2.1Lack of skilled personnel to operate drones for inspection & monitoring applications78
5.2.2.2Issues with drone safety and security78
5.2.3OPPORTUNITIES79
5.2.3.1Technology advancements in drones79
5.2.3.2Advancements in LiDAR technology for commercial drones79
5.2.4CHALLENGES80
5.2.4.1Regulatory hurdles and budgetary & other constraints80
5.2.4.2Limited flight endurance & payload capacity80
5.3AVERAGE SELLING PRICE80
TABLE 4AVERAGE SELLING PRICE OF DRONES, BY APPLICATION81
5.4VALUE CHAIN ANALYSIS81
FIGURE 23VALUE CHAIN: DRONE INSPECTION AND MONITORING MARKET82
5.5MARKET ECOSYSTEM MAP83
FIGURE 24DRONE INSPECTION AND MONITORING MARKET ECOSYSTEM MAP83
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS84
5.6.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR DRONE INSPECTION AND MONITORING MARKET84
FIGURE 25REVENUE SHIFT CURVE FOR DRONE INSPECTION AND MONITORING MARKET84
5.7PORTER’S FIVE FORCES ANALYSIS85
FIGURE 26PORTER’S FIVE FORCES ANALYSIS FOR DRONE INSPECTION AND MONITORING MARKET85
5.7.1THREAT OF NEW ENTRANTS85
5.7.2THREAT OF SUBSTITUTES85
5.7.3BARGAINING POWER OF SUPPLIERS86
5.7.4BARGAINING POWER OF BUYERS86
5.7.5INTENSITY OF COMPETITIVE RIVALRY86
5.8TRADE DATA STATISTICS86
TABLE 5LIST OF IMPORTERS FOR PRODUCT: 880211 HELICOPTERS OF AN UNLADEN WEIGHT <= 2,000 KG87
TABLE 6LIST OF EXPORTERS FOR PRODUCT: 880211 HELICOPTERS OF AN UNLADEN WEIGHT <= 2,000 KG88
5.9TARIFF AND REGULATORY LANDSCAPE89
TABLE 7HSN CODE AND GST RATE FOR AIRCRAFT AND UAV DRONES—HSN CHAPTER 8889
TABLE 82019 DUTY RATES FOR DRONES AND THEIR ACCESSORIES IN NORTH AMERICA91
TABLE 9US: RULES AND GUIDELINES BY FAA FOR OPERATION OF DRONES92
5.10KEY STAKEHOLDERS & BUYING CRITERIA94
5.10.1KEY STAKEHOLDERS IN BUYING PROCESS94
FIGURE 27INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS94
TABLE 10INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOLUTIONS (%)94
5.10.2BUYING CRITERIA95
FIGURE 28KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS95
TABLE 11KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS95
5.11KEY CONFERENCES & EVENTS IN 2022–202396
TABLE 12CONFERENCES & EVENTS: 2022–202496
6INDUSTRY TRENDS97
6.1INTRODUCTION97
6.2TECHNOLOGY TRENDS97
6.2.1DRONE DATA CREATED WITH POINT CLOUD97
6.2.2AI INSPECTION98
6.2.3SWARM DRONES98
6.2.4AUTOMATED DRONES99
6.3TECHNOLOGY ANALYSIS99
6.3.1HYDROGEN POWER99
6.3.2IMPROVED COMPUTER VISION AND MOTION PLANNING100
6.3.3NEW SCOPE FOR DRONE REST AND RECHARGE100
6.4USE CASE ANALYSIS100
6.4.1USE OF DRONES FOR ROOF INSPECTION100
6.4.2TUV NORD USES DRONES FOR INSPECTION OF WIND TURBINES100
6.4.3NEW YORK (US) STATE POWER USES DRONES FOR POWER LINE INSPECTION101
6.5IMPACT OF MEGATRENDS101
6.5.1DRONES FOR MONITORING ENVIRONMENTAL AND ECOLOGICAL CHANGES101
6.5.2IOT-ENABLED DRONES101
6.5.3RAPID URBANIZATION102
FIGURE 29NDT-UAV APPLICATIONS IN BRIDGE CONDITION MONITORING102
6.6INNOVATION & PATENT REGISTRATIONS103
TABLE 13IMPORTANT INNOVATIONS & PATENT REGISTRATIONS, 2015–2022103
7DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION105
7.1INTRODUCTION106
FIGURE 30SERVICES SEGMENT TO LEAD MARKET SHARE DURING FORECAST PERIOD106
TABLE 14DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)106
TABLE 15DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)106
7.2PLATFORM107
TABLE 16DRONE INSPECTION AND MONITORING MARKET, BY PLATFORM, 2019–2021 (USD MILLION)107
TABLE 17DRONE INSPECTION AND MONITORING MARKET, BY PLATFORM, 2022–2027 (USD MILLION)107
7.2.1AIRFRAME107
7.2.1.1Usage of composite materials for lightweight airframes with better flight time to drive market107
7.2.2AVIONICS108
7.2.2.1Multi-function capabilities of avionics systems to drive market108
7.2.3PROPULSION108
7.2.3.1Extensive R&D on drone propulsion systems to drive market108
7.2.4SOFTWARE108
7.2.4.1Rapid data processing with drone software to drive market108
7.2.5PAYLOAD109
7.2.5.1Rising demand for drones in commercial and military sectors to drive segment109
TABLE 18DRONE INSPECTION AND MONITORING MARKET, BY PAYLOAD, 2019–2021 (USD MILLION)109
TABLE 19DRONE INSPECTION AND MONITORING MARKET, BY PAYLOAD, 2022–2027 (USD MILLION)109
7.2.5.2Photogrammetry109
7.2.5.2.1High-resolution cameras110
7.2.5.2.2Thermal cameras110
7.2.5.2.3Multispectral cameras110
7.2.5.3LiDAR111
7.3SOFTWARE111
7.3.1ROUTE PLANNING & OPTIMIZATION111
7.3.1.1Innovations in route planning software, self-learning algorithms, & auto-flight systems to boost demand for software111
7.3.2INVENTORY MANAGEMENT112
7.3.2.1Use of machine learning algorithms to process results112
7.3.3LIVE TRACKING112
7.3.3.1Real-time tracking enables accuracy in data analysis112
7.3.4FLEET MANAGEMENT112
7.3.4.1Diligent monitoring of inventory, assets, and productivity requires single software platform112
7.3.5COMPUTER VISION & OBJECT DETECTION113
7.3.5.1Computer vision backed with machine learning and deep learning algorithms to enhance drone industry113
7.4INFRASTRUCTURE113
TABLE 20DRONE INSPECTION AND MONITORING MARKET, BY INFRASTRUCTURE, 2019–2021 (USD MILLION)113
TABLE 21DRONE INSPECTION AND MONITORING MARKET, BY INFRASTRUCTURE, 2022–2027 (USD MILLION)113
7.4.1GROUND CONTROL STATIONS114
7.4.1.1Efficiency of GCS in controlling drones and their payloads to drive market114
7.4.2CHARGING STATIONS114
7.4.2.1Vital for uninterrupted drone operations114
7.4.3LAUNCH & RECOVERY SYSTEMS114
7.4.3.1Ability to provide extra support to drone users during takeoff and landing to drive market114
7.5SERVICES115
7.5.1DRONE PLATFORM SERVICES115
7.5.1.1Rapid urbanization and industrialization to drive market115
TABLE 22DRONE INSPECTION AND MONITORING MARKET, BY DRONE PLATFORM SERVICES, 2019–2021 (USD MILLION)115
TABLE 23DRONE INSPECTION AND MONITORING MARKET, BY DRONE PLATFORM SERVICES, 2022–2027 (USD MILLION)116
7.5.1.2Flights (piloting & operations)116
7.5.1.3Data analysis116
7.5.1.4Data processing (deliverables)116
7.5.1.4.1Thermal mapping & modeling117
7.5.1.4.23D models118
7.5.1.4.32D models & imagery (digital terrain, contour maps, point clouds, and elevation models)118
8DRONE INSPECTION AND MONITORING MARKET, BY TYPE119
8.1INTRODUCTION120
FIGURE 31HYBRID TYPE TO RECORD HIGHEST GROWTH DURING 2022–2027120
TABLE 24DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2019–2021 (USD MILLION)120
TABLE 25DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2022–2027 (USD MILLION)120
8.2FIXED-WING121
8.2.1GROWING DEMAND IN MINING SECTOR OWING TO LONGER FLIGHT TIME TO DRIVE MARKET121
8.3MULTIROTOR121
8.3.1CONTRIBUTES TO LARGEST MARKET SHARE DURING FORECAST PERIOD121
8.4HYBRID121
8.4.1BETTER PAYLOAD CAPACITY AND ENDURANCE THAN NON-HYBRID DRONES TO DRIVE MARKET GROWTH121
9DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION122
9.1INTRODUCTION123
FIGURE 32CONSTRUCTION & INFRASTRUCTURE TO WITNESS HIGH GROWTH DURING 2022–2027123
TABLE 26DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)123
TABLE 27DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)124
9.2CONSTRUCTION & INFRASTRUCTURE124
TABLE 28CONSTRUCTION & INFRASTRUCTURE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)124
TABLE 29CONSTRUCTION & INFRASTRUCTURE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)125
9.2.1BRIDGES125
9.2.1.1High-quality 3D images obtained from drones to help in bridge maintenance and rehabilitation125
9.2.2PROPERTY & REAL ESTATE126
9.2.2.1Thorough and rapid assessment with drones significantly helps save money and time126
9.2.3RAILWAYS126
9.2.3.1Rising demand in Asia Pacific and North America to drive market126
9.3AGRICULTURE127
TABLE 30DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE, 2019–2021 (USD MILLION)127
TABLE 31DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE, 2022–2027 (USD MILLION)127
9.3.1SOIL & CROP128
9.3.1.1High-quality drone data and photogrammetry to provide farmers with all advantages accessible128
9.3.2HEALTH ASSESSMENT128
9.3.2.1Usage of multispectral and infrared thermal sensors boosts tree disease inspection and prevention128
9.4OIL & GAS128
TABLE 32DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS, 2019–2021 (USD MILLION)129
TABLE 33DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS, 2022–2027 (USD MILLION)129
9.4.1UPSTREAM129
9.4.1.1Advanced drone technology leads to faster inspection and reduced downtime129
9.4.2MIDSTREAM129
9.4.2.1Cost-effective and accurate inspection possible with drones129
9.5UTILITIES130
TABLE 34DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES, 2019–2021 (USD MILLION)130
TABLE 35DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES, 2022–2027 (USD MILLION)130
9.5.1TOWER INSPECTION131
9.5.1.1Drones outfitted with thermal and UV cameras to drive market131
9.5.2POWER TRANSMISSION131
9.5.2.1Close-up photography/videography using drone-based inspection & monitoring to drive segment131
9.5.3WIND TURBINE131
9.5.3.1Timeliness, cost-effectiveness, and accuracy of drones in inspecting and monitoring wind turbines to boost market131
9.6MINING131
TABLE 36DRONE INSPECTION AND MONITORING MARKET, BY MINING, 2019–2021 (USD MILLION)132
TABLE 37DRONE INSPECTION AND MONITORING MARKET, BY MINING, 2022–2027 (USD MILLION)132
9.6.1STOCKPILE132
9.6.1.1Accurate and rapid inspection possible with drones132
9.6.2TAILING DAMS & QUARRY INSPECTION132
9.6.2.1Cost-effective, quick, and high-quality orthoimages captured with drones to drive this segment132
9.7OTHERS133
TABLE 38DRONE INSPECTION AND MONITORING MARKET, BY OTHERS, 2019–2021 (USD MILLION)133
TABLE 39DRONE INSPECTION AND MONITORING MARKET, BY OTHERS, 2022–2027 (USD MILLION)133
9.7.1AVIATION134
9.7.1.1Use of high-level technologies for inspection and monitoring aircraft to boost market growth134
9.7.2WILDLIFE & FORESTRY134
9.7.2.1Cost-effective and rapid inspection & monitoring with drones to drive this segment134
9.7.3INSURANCE134
9.7.3.1Increasing demand for drones in commercial sector to boost market growth134
9.7.4LOGISTICS135
9.7.4.1Easy approval for indoor drones compared with outdoor ones and rising demand in warehouse and logistics industries135
10DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION136
10.1INTRODUCTION137
FIGURE 33OPTIONALLY PILOTED SEGMENT PROJECTED TO HOLD LEADING SHARE DURING FORECAST PERIOD137
TABLE 40DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)137
TABLE 41DRONE INSPECTION AND MONITORING MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)138
10.2REMOTELY PILOTED138
10.2.1DEMAND FOR REMOTELY PILOTED DRONES IN CONSTRUCTION SECTOR TO DRIVE GROWTH138
10.3OPTIONALLY PILOTED138
10.3.1OPTIONALLY PILOTED DRONES WIDELY USED IN AGRICULTURAL SECTOR138
10.4FULLY AUTONOMOUS139
10.4.1FULLY AUTONOMOUS DRONES EXPECTED TO WITNESS HIGH DEMAND139
11DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL140
11.1INTRODUCTION141
FIGURE 34OFFLINE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD141
TABLE 42DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL, 2019–2021 (USD MILLION)141
TABLE 43DRONE INSPECTION AND MONITORING MARKET, BY DISTRIBUTION CHANNEL, 2022–2027 (USD MILLION)141
11.2ONLINE142
11.2.1ONLINE DISTRIBUTION CHANNELS TO DRIVE SALE OF DRONES142
11.3OFFLINE142
11.3.1OFFLINE DISTRIBUTION CHANNELS TO NULLIFY WAITING TIME FOR DELIVERY OF PRODUCTS142
12REGIONAL ANALYSIS143
12.1INTRODUCTION144
FIGURE 35DRONE INSPECTION AND MONITORING MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD144
TABLE 44REVENUE IMPACT ANALYSIS145
TABLE 45DRONE INSPECTION AND MONITORING MARKET, BY REGION, 2019–2021 (USD MILLION)146
TABLE 46DRONE INSPECTION AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)146
12.2NORTH AMERICA146
12.2.1PESTLE ANALYSIS: NORTH AMERICA147
FIGURE 36NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET SNAPSHOT149
TABLE 47NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2019–2021 (USD MILLION)149
TABLE 48NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)149
TABLE 49NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)150
TABLE 50NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)150
TABLE 51NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)150
TABLE 52NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)151
TABLE 53NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2019–2021 (USD MILLION)151
TABLE 54NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2022–2027 (USD MILLION)151
TABLE 55NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICE, 2019–2021 (USD MILLION)151
TABLE 56NORTH AMERICA: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICE, 2022–2027 (USD MILLION)152
TABLE 57NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2019–2021 (USD MILLION)152
TABLE 58NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2022–2027 (USD MILLION)152
TABLE 59NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)153
TABLE 60NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)153
TABLE 61NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2019–2021 (USD MILLION)153
TABLE 62NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2022–2027 (USD MILLION)154
TABLE 63NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2019–2021 (USD MILLION)154
TABLE 64NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2022–2027 (USD MILLION)154
TABLE 65NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2019–2021 (USD MILLION)154
TABLE 66NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2022–2027 (USD MILLION)155
TABLE 67NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2019–2021 (USD MILLION)155
TABLE 68NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2022–2027 (USD MILLION)155
TABLE 69NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2019–2021 (USD MILLION)155
TABLE 70NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2022–2027 (USD MILLION)156
TABLE 71NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2019–2021 (USD MILLION)156
TABLE 72NORTH AMERICA: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2022–2027 (USD MILLION)156
12.2.2US157
12.2.2.1Increase in investment in development of inspection drones to drive market in US157
TABLE 73US: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)157
TABLE 74US: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)157
TABLE 75US: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)158
TABLE 76US: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)158
12.2.3CANADA158
12.2.3.1Increase in demand for inspection services for commercial and defense applications to boost market in Canada158
TABLE 77CANADA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)159
TABLE 78CANADA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)159
TABLE 79CANADA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)159
TABLE 80CANADA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)160
12.3EUROPE160
12.3.1PESTLE ANALYSIS: EUROPE160
FIGURE 37EUROPE: DRONE INSPECTION AND MONITORING MARKET SNAPSHOT163
TABLE 81EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2019–2021 (USD MILLION)163
TABLE 82EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)164
TABLE 83EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)164
TABLE 84EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)164
TABLE 85EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)165
TABLE 86EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)165
TABLE 87EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2019–2021 (USD MILLION)165
TABLE 88EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY INFRASTRUCTURE, 2022–2027 (USD MILLION)166
TABLE 89EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICES, 2019–2021 (USD MILLION)166
TABLE 90EUROPE: DRONE INSPECTION AND MONITORING SOLUTIONS MARKET, BY SERVICES, 2022–2027 (USD MILLION)166
TABLE 91EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2019–2021 (USD MILLION)166
TABLE 92EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY TYPE, 2022–2027 (USD MILLION)167
TABLE 93EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)167
TABLE 94EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)167
TABLE 95EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2019–2021 (USD MILLION)168
TABLE 96EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY CONSTRUCTION & INFRASTRUCTURE APPLICATION, 2022–2027 (USD MILLION)168
TABLE 97EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2019–2021 (USD MILLION)168
TABLE 98EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY AGRICULTURE APPLICATION, 2022–2027 (USD MILLION)168
TABLE 99EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2019–2021 (USD MILLION)169
TABLE 100EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY UTILITIES APPLICATION, 2022–2027 (USD MILLION)169
TABLE 101EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2019–2021 (USD MILLION)169
TABLE 102EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OIL & GAS APPLICATION, 2022–2027 (USD MILLION)169
TABLE 103EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2019–2021 (USD MILLION)170
TABLE 104EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY MINING APPLICATION, 2022–2027 (USD MILLION)170
TABLE 105EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2019–2021 (USD MILLION)170
TABLE 106EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY OTHER APPLICATIONS, 2022–2027 (USD MILLION)170
12.3.2UK171
12.3.2.1Technological advancements and changing regulatory policies to drive market in UK171
TABLE 107UK: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)171
TABLE 108UK: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)171
TABLE 109UK: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)172
TABLE 110UK: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)172
12.3.3FRANCE172
12.3.3.1Rising adoption of drones for inspection and monitoring to boost market growth in France172
TABLE 111FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)173
TABLE 112FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)173
TABLE 113FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)173
TABLE 114FRANCE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)174
12.3.4GERMANY174
12.3.4.1Drone Innovation Hub to promote drone industry in Germany174
TABLE 115GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)174
TABLE 116GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)175
TABLE 117GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)175
TABLE 118GERMANY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)175
12.3.5ITALY176
12.3.5.1Rising instances of PV monitoring and oil & gas inspection to drive demand176
TABLE 119ITALY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)176
TABLE 120ITALY: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)176
TABLE 121ITALY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)177
TABLE 122ITALY: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)177
12.3.6RUSSIA177
12.3.6.1Increased use of monitoring and inspection services to drive demand177
TABLE 123RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)178
TABLE 124RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)178
TABLE 125RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)178
TABLE 126RUSSIA: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)179
12.3.7SWEDEN179
12.3.7.1Growing procurement of UAVs for military applications in Sweden179
TABLE 127SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)179
TABLE 128SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)180
TABLE 129SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)180
TABLE 130SWEDEN: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)180
12.3.8REST OF EUROPE181
TABLE 131REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2019–2021 (USD MILLION)181
TABLE 132REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY SOLUTION, 2022–2027 (USD MILLION)181
TABLE 133REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2019–2021 (USD MILLION)182
TABLE 134REST OF EUROPE: DRONE INSPECTION AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)182
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