The global drone pipeline inspection market is expected to reach a valuation of US$ 336.1 million in 2023 and is expected to progress at a CAGR of 14.2% to reach US$ 1,161.3 million by the end of 2033.
In 2023, the global drone services market is estimated to be valued around US$ 6.6 billion. While the drone inspection service market will be valued at US$ 2 billion. In terms of value the adoption of drone pipeline inspection accounted for nearly 17% share of the global drone inspection services market at the end of 2022.
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Significant role of drones in the inspection of renewable energy farms wherein equipment requires frequent inspection fuels underscores growth in inspection drone market. Effective relay of signals between transmitter and receiver that steers drones is driving innovations in drones for solar panel inspection applications.
Array of applications of industrial inspection drones such as in security management, traffic monitoring, forest fire monitoring, oil & gas pipeline monitoring, power line, and solar panel among others creates ample opportunities in inspection drone market.
Asia Pacific and Europe hold significant share in the inspection drone market. Expansion of infrastructure, growing population, economic growth, and increasing urbanization and industrialization are fueling the growth of Asia Pacific inspection drone market.
Competitive Landscape
Market participants are concentrating resources and capital on research and development while looking to expand their regional footprint. The company has built constructive partnerships and collaborations with governments and end-user industries. High demand for modern drones and accessories allows market participants to expand their product range.
Some of the key developments are:
- In October 2021, SZ DJI Technology Co., Ltd. introduces the first integrated LiDAR drone solution and powerful full-frame camera payload for aerial surveys. The DJI Zenmuse L1 is DJI’s first LIDAR solution for aerial surveying.
Key Companies Profiled
- 3D Robotics, Inc.
- Acecore Technologies
- Airobotics Ltd.
- Vision Aerial, Inc.
- Teledyne FLIR LLC,
- American Robotics, Inc.
- Lockheed Martin Corporation
- SZ DJI Technology Co., Ltd.
- Yuneec International Co. Ltd.
- Delair
- Qualcomm Technologies Inc.
- BAE Systems PLC
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Segmentation of Drone pipeline inspection Industry Research
- By Drone Type :
- Fixed Wing
- Rotary Wing
- Hybrid
- By Operation :
- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
- By End Users :
- Oil & Gas
- Food & Beverages
- Mining
- Chemicals
- Pharmaceuticals
- Water Treatment & Sewage
- Others