According to a new report published by Introspective Market Research, titled, “Inspection Drones Market by Type (Transmitters & Receivers, Mainframe, Brushless Motors & ESC, Flight Controllers), Application (Oil & Gas Pipeline Inspection, Critical Infrastructure Inspection, Power Line & Windmill Inspection, Border Security, Others), End-User (Mining & Construction, Energy & Utilities, Oil & Gas, Military & Defense, Others), And Region Global Market Analysis and Forecast, 2023-2030,” the global Inspection Drones market size was valued at $ 13.29 million in 2023, and is projected to reach $ 34.5 million by 2030, registering a CAGR of 14.6% from 2022 to 2030. Drones are most commonly used for aerial photography, they are also used for inspections. Using ladders, ropes, and other equipment to scale towers and massive machines, monitor operations, and identify bottlenecks is a common part of the inspection process in many sectors. This kind of inspection procedure is also too risky. In practically every business where visual inspection are required as part of maintenance operations, drone inspections are being carried out to carry out an efficient and safe inspection process. Drones used for inspection obtain visual data regarding the state of an asset. Inspectors can avoid putting themselves in risky situations by using drone inspections.
The drone inspection procedure is better since it is more planned, closely monitored and controlled, economical, safe, and doesn't interfere with ongoing business operations. Benefits of the drone inspection services for visual inspection include: reduced downtime, expedited on-site drone inspection system deployment, safety and environmental risk to humans, authorized and qualified UAV-inspection personnel, access to areas that pose health risks, inspection of hard-to-reach areas, and preventive maintenance planning and optimization of production. The market would rise more quickly due to the industrial sector's increasing usage of inspection drones.
Inspection drones have been used for border security purposes by the military and the defence sector for a long time. Aside from this, other business sectors that promote both human welfare and the economy, such the infrastructure and building sectors, are now using inspection drones. Important infrastructure, like metropolitan bridges, need routine inspections to prevent corrosion, fractures, and other damages. In most economies, these inspections are mandated by a number of rules. Increased demand for the examination the primary reason for the growth of the drone market for inspecting critical infrastructure is that drone inspection has proven to be a lifesaver for a number of issues in the inspection and survey domain.
The market participants for inspection drones have a wide range of partnership opportunities. Manufacturers of inspection drones can collaborate with suppliers and dealers of all mechanical and engineering parts used in these vehicles. Propellers, radio receivers, batteries, motors, chassis, flight controllers, and battery chargers are some of the essential parts. There is ample of potential for collaboration amongst market participants to share scientific and technological expertise. The development and usage of inspection drones heavily relies on a number of scientific and technological fields, including electronics, computer programming, artificial intelligence, semiconductors, and remote monitoring. The market for inspection drones was highly complex to manufacture and operate, which is why participants in the industry are collaborating more on technology.
Global Inspection Drones Market, Segmentation
The Inspection Drones market is segmented based on type, application, End-User, and region.
Type:
The inspection drone market is projected to be dominated by the transmitters and receivers’ sector. In terms of revenue, the flight controllers’ segment is projected to be the second largest among the component categories in the worldwide inspection drone market during the forecast period.
End-User:
The global inspection drones market is currently dominated by the military & defence sector, and this trend is anticipated to persist throughout the projected period. Infrastructure for renewable energy is expanding globally, and investments in power grid construction are also expanding globally. It is also expected that in the next years, the use of inspection drones would grow as a result of this reason.
Region:
North America is expected to hold the largest share of the global inspection drones market during the forecast period. A sizeable portion of the markets are shared by Latin America and the Middle East and Africa. Still, during the course of the projection period, these regions should present lucrative prospects for the inspection drone market.
Some of The Leading/Active Market Players Are-
- 3D Robotics (U.S)
- MIR Innovation (Canada)
- Parrot (Paris)
- AEE (Washington)
- DJI (China)
- MicroMultiCopter Aero Technology (China)
- JYU (Finland)
- Zero Tech (China)
- XAIRCRAFT (China)
- Airwing (Norway) and Other Active Players
Key Industry Developments
In April 2021, DJI produced the latest DJI Air 2S. This compact camera drone is an all-in-one answer for effective flight. It is not only provided with state-of-the-art cameras but also with high-level-grade pre-programmed substance creation devices.
In May 2021, FLIR Systems gained a contract worth USD 15 million for Black Hornet Nano-UAV systems to be utilized in the US Army Soldier Borne Sensor Program. The improved nano-UAV is being used to build the squad and small unit-level surveillance and reconnaissance facilities as a part of this program.
Key Findings of the Study
- The inspection drone market is anticipated to be primarily dominated by the transmitters and receivers’ sector.
- The military & defence sector currently dominates the End-User segment, with the expectation that infrastructure for renewable energy will drive future growth.
- North America is anticipated to hold the largest market share throughout the forecast period, with Latin America and the Middle East and Africa offering lucrative opportunities
