PUBLISHER: Orion Market Research | PRODUCT CODE: 1215743
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215743
Title:Global Renewable Drones Market Size, Share & Trends Analysis Report, By Drone Type (Multirotor Drone and Fixed Wing Drone), By Solution (End-to-End Solution Renewable Drone and Point Solution Renewable Drone), By End-User (Solar and Wind), Forecast Period (2022-2028).
The global renewable drone market is anticipated to grow at a significant CAGR of 26.1% during the forecast period. The growing adoption of renewable drones in the renewable energy sector for different applications including detection of ships and submarines, an inspection of wind turbines, and inspection of offshore platforms and solar farms is a key factor driving the growth of the global renewable drones market.
The global renewable drone market is segmented by drone type, solution and end-user. The market segmentation based on the drone type includes multirotor drones and fixed-wing drones. Among drone type, multirotor drone holds a significant share in the market. The higher adoption of multirotor drones owing to their ability to perform vertical takeoffs and landings is a key factor contributing to the potential market share. Moreover, these drones require less space to take flight, can hover mid-flight, and manoeuvre around objects for easy inspection, mapping, and modelling. Based on the solution, the market is segmented into end-to-end solution renewable drones and point solution renewable drones. Based on end-user, the market is segmented into the wind and solar.
The global renewable drone market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America renewable drones market is significantly driven by the rising investment in renewable energy projects.
The major companies operating in the global renewable drone market include DJI Enterprise, Terra Drone, Aerodyne Measure, and DroneDeploy. The companies are focusing on technology advancements, expansions, mergers and acquisitions, and finding a new market or innovation in their core competency to expand individual market share.
Research Methodology
The market study of the global renewable drones is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: