USD 167.95 million
Drone Surveillance Market Size, Share, Growth Analysis, By Type(Multirotor, Fixed Wings, and Hybrid), By Application(Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2182 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
66
|Figures:
65
Drone Surveillance Market Insights
Global Drone Surveillance Market size was valued at USD 167.95 million in 2022 and is poised to grow from USD 199.69 million in 2023 to USD 797.66 million by 2031, growing at a CAGR of 18.9% in the forecast period (2024-2031).
The drone surveillance market has experienced remarkable growth in recent years, driven by the increasing demand for advanced and efficient security and monitoring solutions. Drones, or unmanned aerial vehicles (UAVs), equipped with cameras and sensors, provide real-time surveillance and monitoring capabilities across various sectors. The market growth is propelled by the rising need for enhanced border security, disaster management, infrastructure inspection, law enforcement, and industrial monitoring.
One of the significant drivers of the drone surveillance market is the technological advancements in UAVs, including improved battery life, enhanced communication systems, and high-resolution imaging capabilities. These advancements have expanded the applications of drones in various sectors, contributing to their increasing adoption. Additionally, the growing adoption of drone-as-a-service (DaaS) models and the integration of AI and machine learning technologies further boost the market's growth.
The military and defense sector plays a crucial role in the growth of the drone surveillance market, utilizing drones for surveillance, reconnaissance, and intelligence gathering purposes. Furthermore, industries like agriculture, energy, and construction are increasingly adopting drone surveillance for efficient monitoring of large areas, assets, and infrastructure.
Geographically, North America leads the drone surveillance market due to substantial investments in defense and security sectors, along with a favorable regulatory environment. The Asia Pacific region is also witnessing significant growth, driven by the increasing adoption of drones for surveillance purposes across industries and government initiatives promoting drone technology.
As the drone surveillance market continues to evolve, advancements in technology, regulatory developments, and the expansion of use cases are expected to shape its growth trajectory, offering innovative solutions for various surveillance and monitoring challenges.
US Drone Surveillance Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Multirotor
Fastest Growth
Multirotor
Growth Rate
18.9% CAGR
Global Drone Surveillance Market ($ Bn)
Country Share for North America Region (%)
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Drone Surveillance Market Segmental Analysis
The Global Drone Surveillance Market is segmented by Type, Application, and Region. Based on Type the market is segmented as, Multirotor, Fixed Wings, and Hybrid. Based on Application the market is segmented as, Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Solar Panel Inspection, Others. .Based on Regional the market is segmented as, North America, Europe, Asia Pacific, and LAMEA.
Drone Surveillance Market Analysis By Type
The market is categorized based on the type of drones into multirotor, fixed-wing, and hybrid drones.
Among these, the multirotor drone type segment captured the largest market share in 2022 and is predicted to maintain its dominance throughout the forecast period. The extensive utilization of multirotor drones in diverse applications, such as inspecting pipelines, offshore platforms, wind turbines, power plants, and solar panels, is expected to propel the segment's growth in the coming years. Companies like Air Robotics Inc. are actively engaged in designing and developing drones and payloads tailored for surveillance in the power and energy sector.
Conversely, the hybrid drone type segment is projected to experience significant growth with a noteworthy CAGR during the forecast period. This growth can be attributed to increased investments in the development of hybrid VTOL (Vertical Take-Off and Landing) fixed-wing unmanned aircraft systems (UAS). However, the high initial costs associated with hybrid drone technology could potentially limit the growth of this segment.
Drone Surveillance Market Analysis By Application
In terms of application, the market is segmented into pipeline monitoring and inspection, offshore platform inspection, wind turbine inspection, power plant inspection, solar panel inspection, and other applications.
The pipeline monitoring and inspection segment is anticipated to capture significant market share and exhibit robust growth during the forecast period. The widespread adoption of drones for monitoring and inspecting new oil rigs and exploration activities, particularly in Asian and European countries, is expected to be a driving force for this market segment.
The wind turbine inspection segment is poised to witness the fastest growth rate. This surge can be attributed to the increasing installations of offshore wind farms, especially in the Middle East region. The demand for drone surveillance in the offshore energy industry is on the rise, contributing to the growth of this segment.
Global Drone surveillance market By Type
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Drone Surveillance Market Regional Insights
Geographically, the drone surveillance market for the energy and power industry is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
North America holds a dominant position in the drone surveillance market for the energy and power industry. This is primarily attributed to the extensive adoption of drone technology, especially in the United States, for pipeline inspection and monitoring applications. Given that the U.S. boasts the world's largest pipeline network, the market growth in North America is further bolstered.
In Europe, the market registered the second-largest share in the base year. This growth is driven by the increased installation of wind turbines, notably in countries like France. For instance, projects such as Hautes Falaises (Fécamp) in France, commissioning 75 new wind turbines from 2021 onward, are expected to contribute to the market expansion in Europe.
Asia Pacific is poised to witness the most rapid growth during the forecast period. This surge can be attributed to the increasing number of unmanned aircraft systems (UASs) and unmanned aerial vehicles (UAVs) service providers in developing economies like China and India. Additionally, key players like Terra Drone Corp., Australian UAV Pty Ltd, and Sphere Drones are based in the region, further propelling the market's growth.
The markets in Latin America and the Middle East & Africa are projected to experience substantial growth. The presence of numerous offshore oil and gas companies and the growing demand for energy power are facilitating market growth in these regions. Furthermore, the rising installations of wind turbines, particularly in countries like Brazil, are expected to contribute to market expansion. Brazil, for instance, has a significant number of wind turbines and wind farms, as reported by the Brazilian Wind Energy Association.
Global Drone surveillance market By Geography
- Largest
- Fastest
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Drone Surveillance Market Dynamics
Drone Surveillance Market Drivers
Advancements in Drone Technology:
- Rapid technological advancements in drone capabilities, such as longer flight times, improved imaging systems, and enhanced data analytics, are driving the growth of the drone surveillance market. These advancements allow for more efficient and accurate monitoring and inspection of energy and power facilities.
Cost and Time Savings:
- Drones offer a cost-effective and time-efficient solution for monitoring and inspecting large and remote energy infrastructure. They eliminate the need for manual inspections and reduce the associated labor and operational costs.
Drone Surveillance Market Restraints
Regulatory Challenges:
- While regulations are evolving, there can still be challenges related to airspace regulations, flight permissions, and privacy concerns. Compliance with complex regulations can pose hurdles for drone surveillance adoption in the energy and power industry.
Weather Conditions:
- Adverse weather conditions such as strong winds, rain, and low visibility can limit the operational capabilities of drones. Unfavorable weather can disrupt surveillance activities and affect data quality.
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Drone Surveillance Market Competitive Landscape
The global drone surveillance market for the energy and power industry is characterized by intense competition and a dynamic landscape. Key players in this market are continually investing in research and development to enhance drone technology and expand their product offerings. Companies are focusing on partnerships, collaborations, and acquisitions to strengthen their market presence and broaden their customer base. Additionally, the market is witnessing the emergence of new entrants, startups, and technology providers specializing in drone solutions tailored for energy sector applications. Major players are striving to offer comprehensive drone surveillance solutions that encompass advanced imaging systems, data analytics, and integration with other technologies such as Artificial Intelligence (AI) and Internet of Things (IoT). As the demand for efficient monitoring and inspection solutions in the energy and power industry grows, competition is expected to intensify further, prompting companies to differentiate themselves through innovation, reliability, and the ability to address specific industry challenges. Geographic expansion and a focus on customization to meet diverse industry needs are also becoming crucial strategies for gaining a competitive edge in this rapidly evolving market.
Drone Surveillance Market Top Player’s Company Profile
- DJI (Dà-Jiāng Innovations)
- Parrot SA
- AeroVironment Inc.
- FLIR Systems Inc.
- senseFly (Parrot Group)
- Yuneec International Co. Ltd.
- Kespry Inc.
- Aeryon Labs Inc.
- PrecisionHawk Inc.
- Delair Tech SAS
Drone Surveillance Market Recent Developments
- In January 2023, DJI, a leading drone manufacturer, announced the launch of the Mavic 3, a new drone that is designed for surveillance applications. The Mavic 3 is equipped with a 20MP Hasselblad camera and a 12MP telephoto camera. It also has a flight time of up to 40 minutes.
- In February 2023, Parrot, another leading drone manufacturer, announced the launch of the Anafi Ai, a new drone that is designed for inspection and surveillance applications. The Anafi Ai is equipped with a 4K camera and a thermal camera. It also has a flight time of up to 32 minutes.
- In March 2023, Skydio, a drone manufacturer that specializes in autonomous drones, announced the launch of the Skydio 2+, a new drone that is designed for surveillance and inspection applications. The Skydio 2+ is equipped with a 12MP camera and has a flight time of up to 27 minutes.
- Leading drone and urban air mobility (UAM) technology business Terra Drone Corporation announced in August 2023 that it has acquired the majority of Unifly's shares, a leader in UTM technology worldwide. Strong aerial infrastructure is likely to be made possible by the move, which will allow Terra Drone Corporation to expand its UAM and drone operations globally.
Drone Surveillance Key Market Trends
- Rise in Adoption of Multirotor Drones: The use of multirotor drones, known for their stability and maneuverability, is on the rise. These drones are extensively employed for pipeline monitoring, offshore platform inspection, wind turbine inspection, and other applications in the energy and power sector due to their versatility and ease of use.
Drone Surveillance Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Drone surveillance market analysis, the drone surveillance market for the energy and power industry is categorized by segments such as type (multirotor, fixed-wing, hybrid) and application (pipeline monitoring and inspection, offshore platform inspection, wind turbine inspection, power plant inspection, solar panel inspection, and others). North America holds a significant market share due to widespread drone technology adoption in the U.S., particularly for pipeline inspection. Europe follows with growing wind turbine installations, while Asia Pacific is projected to experience the fastest growth, driven by increasing UAV service providers and key players. The market in Latin America and the Middle East & Africa is also set to expand due to offshore oil and gas companies and wind turbine installations. Key drivers include the efficiency, cost-effectiveness, and accuracy of drones in enhancing surveillance and inspection tasks across the energy and power sector.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 167.95 million |
| Market size value in 2031 | USD 797.66 million |
| Growth Rate | 18.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Drone Surveillance Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Drone Surveillance Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Drone Surveillance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Drone Surveillance Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Drone Surveillance Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Drone Surveillance Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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