Aerospace and Defense

Insights Into The Drone Inspection And Monitoring Market’s Growth Opportunities Through 2023-2032 – Includes Drone Inspection And Monitoring Market Analysis

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The increase in number of installations of new wind turbines are expected to drive innovation in drone inspection and monitoring manufacturing, thus driving the market during the forecast period.

 

The global drone inspection and monitoring market is expected to grow from $10.21 billion in 2022 to $11.89 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The drone inspection and monitoring market size is expected to grow to $22.53 billion in 2027 at a CAGR of 17.3%.

 

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Global Drone Inspection And Monitoring Market Segments Include:

  • By Type: Fixed Wing, Multirotor, Hybrid
  • By Mode of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
  • By Solution: Software, Services, Platform, Infrastructure
  • By Application: Construction And Infrastructure, Agriculture, Utilities, Oil And Gas, Mining, Other Applications
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global drone inspection and monitoring market in 2021.

 

Major Market Players in the drone inspection and monitoring market include Lockheed Martin Group, Aerovironment Inc., Sky Futures Partners, Teledyne Flir LLc, Israel Aerospace Industries, BAE Systems PLC.

 

Technological advancements have emerged as a key trend in drone inspection and monitoring. Many companies operating in the drone inspection and monitoring market are developing new technologies to strengthen their position in the drone inspection and monitoring market. For instance, in August 2021, RedTail Lidar Systems, a US-based manufacturer of UAV LiDAR systems operating in drone inspection and monitoring, launched the RTL-450 LiDAR sensor for drones based on microelectromechanical systems (MEMS) mirror-based LiDAR technology. The unique feature of RTL-450 is its high-resolution point clouds, generated at a rate of up to 4 lakh pulses per second and 5 returns per pulse, which are well-suited to numerous military, and commercial applications.

 

The Drone Inspection And Monitoring Global Market Report 2023  provides a drone inspection and monitoring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The drone inspection and monitoring market forecast analyzes drone inspection and monitoring market size, drone inspection and monitoring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Drone inspection and monitoring refers to the technique of evaluating an asset utilizing an unmanned aircraft as drones have the benefit of accessing locations that are challenging, expensive, risky, live, or even impossible for manned inspection teams to access. In inspection and monitoring applications, drone cameras frequently take the place of the human eye. The use of drones for inspection and monitoring allows inspectors to avoid risky locations like scaffolding or tall, slender buildings. The drone inspection and monitoring are used to collect visual data on the condition of an asset by monitoring, inspection, and mapping operations.

 

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