Utility Drones Market Report: Trends, Forecast and Competitive Analysis to 2030

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?