Renewable Drones Market Forecasts to 2028 - Global Analysis By Drone Type (Multirotor and Fixed Wing), Solution (End-To-End Solution and Point Solution), End User and Geography

According to Stratistics MRC, the Global Renewable Drones Market is accounted for $72.69 billion in 2022 and is expected to reach $306.46 billion by 2028 growing at a CAGR of 27.1% during the forecast period. Drones have lately entered the environmental sector, offering renewable energy development and maintenance a bright future. As natural TV shows demonstrate, the tiniest ascending computers may provide us distinctive images of Earth. Drones can map and survey the ground using their imaging capabilities, and they can also find problems with renewable energy systems. They can also generate their own electricity and reduce pollution from package transportation. In order to evaluate potential renewable energy sites, such as solar and wind farms, it is crucial to quantify potential interference and issue identification. Renewable drones are employed in a variety of applications, including surveying and mapping.

According to BP Statistical Review of World Energy, in 2021, the global electricity generation was about 28,466.3 Terawatt-Hour (TWh), up by 6.2% year-on-year and 10.1% since 2017. The increase in electricity generation depicts the worldwide increase in the number of power plants and transmission lines, which are expected to drive the fixed Wing segment of the renewable drone market

Market Dynamics:

Driver:

Increasing demand for inspection operations

Due to the size of most solar farms, a drone with an adequate thermal camera can scan the entire farm more quickly than using a hand-held thermal camera on the ground. Inspections of wind turbines are carried out manually by climbing or taking long-range photographs. Manual inspections that require climbing present risks that can be avoided with drone inspections. Drone inspections of wind turbines can be completed in around 40 minutes, which makes them a quicker, more cost-effective, and more reliable option than manual inspections.

Restraint:

Strict regulations for drone operations

When undertaking inspection activities, drones are incredibly helpful to utilities. The drone market hasn't advanced much, though, due to legal restrictions. In particular, these restrictions forbid drone operations when they occur at night or when they are out of visible line of sight. Utility firms have not been able to deploy drones to the fullest extent possible for boosting the efficiency and efficacy of inspection operations because the FAA has not kept up with the quickly evolving drone technologies. The use of drones by public power utilities is not explicitly defined as a government activity, and these regulations do not permit users to operate outside the visual line of sight which hampers the market growth.

Opportunity:

Increasing number of solar and wind farms

One of the industries with the most rapid growth is the one for renewable energy. The demand for clean, sustainable energy is driving a rapid development of renewable energy facilities using cutting-edge technology. Countries are reorienting their attention away from traditional energy sources and toward boosting the production of renewable energy sources. Due to this, there will be a demand for both new installations and existing turbine replacements of wind turbines. Since the construction of wind power plants requires a lot of capital, asset owners seek to maximise profits while minimising costs are creating wide range of opportunities of the market growth.

Threat:

Lack of skilled personnel

Commercial drones must be remotely piloted and operated in a variety of weather and terrain conditions, which requires a qualified drone pilot. Midflight control issues are the cause of numerous accidents. To lower the risk of accidents, efforts are made to increase the effectiveness of autonomous drone solutions. Personnel that are knowledgeable about the program and the technical aspects of the facilities being examined are also needed to further analyze the inspection data. Numerous initiatives are being made to train personnel to improve drone operation.

COVID-19 Impact

In addition to spreading throughout metropolitan areas, COVID-19 has also infiltrated rural areas, changing the agricultural industry. Due to this development, more businesses and entrepreneurs are finding a need for renewable drones to monitor and track lands safely at their leisure. The improvement in the financial standing of different nations, climate change, and technological innovation are promoting market expansion.

The fixed wing segment is expected to be the largest during the forecast period

The fixed wing segment is estimated to have a lucrative growth, due to its less extent of energy requirement. Fixed-wing aircraft just need the energy necessary to move forward. The aeroplane generates lift passively by cutting through the air at a particular angle with its wings. This means that compared to multi rotors, these systems can fly significantly farther and cover a lot more ground. In addition fixed-wing aircraft have traditionally been the only option for providing extensive coverage with respectable data quality, resolution, and accuracy options which are propelling the market growth.

The solar segment is expected to have the highest CAGR during the forecast period

The solar segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the unmanned aerial vehicles were equipped with photovoltaic (PV) panels, which allowed the researchers to generate power continuously when the sun was out. Various sectors and geographical areas use PV panels to reliably power drones. They also get rid of the shipping and transportation-related pollutants that fight climate change. There are many ways that society can employ solar drones to boost efficiency and safety.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to due to the increase in urbanisation, industrialization, and population expansion in the China, India, Japan, Australia, and the rest of Asia Pacific. The need for power would rise as a result of the economy's rapid expansion. This would call for bigger investments in the infrastructure for producing renewable energy. The dramatic decline in solar panel prices is anticipated to result in more investment in the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to rising adaptation of renewable energy in Norway and Germany. Moreover due to the determinants such as government initiatives towards green energy, jump in greenhouse gas emissions by industries and demand in energy consumption, this growth is mainly attributed to the tax incentives & favourable policies for solar energy and growing demand from various end-use industries which are driving the market growth.

Key players in the market

Some of the key players profiled in the Renewable Drones Market include ABJ Renewables, DRONE VOLT, DJI, DroneDeploy, Flyability, Skylark Drone, Parrot Group, ABJ Drones, Aerodyne Measure Inc, Terra Drone Corporation, AIRPIX, Sitemark, Cyberhawk Innovations Limited, ULC Robotics, Sharper Shape Inc, Sky Futures, Asset Drone and Siemens Gamesa.

Key Developments:

In June 2020, Siemens gamesa won a contract from trianel windkraftwerk borkum for 5 years full scope offshore service and maintenance of trianel windpark borkum, the installation of the 32 senvion 6.33 MW turbines. TWB II has total output capacity of 200MW and produces clean energy for around 200,000 households per year.

In June 2020, Terra Drone opened a new base named Terra Drone Technology Malaysia Sdn Bhd in kuala Lumpur Malaysia. TDMY will be providing drone survey, inspection and industrial services for multiple industries such as oil & gas, telecommunications, power, construction, agriculture and government agencies.

In Dec 2019, Aerodyne Group acquired a controlling interest in the service business of measure to create a new, combined business entity named aerodyne measure. Aerodyne measure will serve enterprise clients in North America with aerial inspections and data analysis services. This agreement also provides measure with additional funding as it grows its stand alone SaaS offering and measure ground control, an end to end software solution for enterprise drone programs.

In Feb 2019, Terra Drone entered the Indian market with the establishment of terra drone india. Terra drone areas of specialization include agriculture, energy, urban development and management, defence, water, security, mining, infrastructure, forest, utilities and disaster management. Its customer centric industrial drone solutions use a multitude of sensors such as visual, multispectral, thermal and hyderspectral and to help clients plan, collect, and process the data.

Drone Types Covered:

• Multirotor
• Fixed Wing

Solutions Covered:

• End-To-End Solution
• Point Solution

End Users Covered:

• Solar
• Wind

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances