Drone Inspection and Monitoring Market Expected to Reach US ~$33.14 Billion and CAGR 15.9% by 2030 – Polaris Market Research
The global Drone Inspection and Monitoring market size is expected to reach USD 33.14 billion by 2030 according to a new study by Polaris Market Research.
The key factors responsible for the market growth include new technologies such as sense and avoid systems and cloud computing integrated into drones. For instance, in September 2021, MMC launched its “FeitianCloud” series of products and services. “Feitian” was created to serve not only government agencies and businesses but also individual UAV users. MMC will continue to provide all customers worldwide with the most up-to-date UAV-based cloud computing, big data, and AI technologies.
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Based on the application, the construction & infrastructure segment accounted for the leading share in the market in 2021. The widespread use of the equipment has transformed the construction industry’s operational processes. They are increasingly being utilized to conduct visual inspections and monitoring of high-density areas on construction projects. Its ability of monitoring and capture real-time data increases on-site communication and management efficiency.
Designers and surveyors can utilize the technology for the inspection of high-rise structures and visualize project progress through aerial photography. They also give site managers an overview of prospective concerns and make important decision-making easier to streamline building site operations. These winged gadgets compactly present complete and valuable results because of their speed and agility. The equipment with sensors and cameras is currently demonstrating its value in collecting real-time footage that can be recorded and analyzed afterward.
Compared to traditional approaches, uncrewed aerial systems can find failing structures and equipment in less time and at a lower cost. Innovative technologies such as machine learning and laser are expanding the spectrum of applications of these inspection and monitoring drones, allowing them to be equipped with the tools they need to do certain jobs throughout the inspection and monitoring. This new capacity presents opportunities for manufacturers to expand their market share.
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Market players such as Insitu, Aerialtronics, DJI, 3D Robotics, Dronegenuity, ECA Group, EHang, Ideaforge, Teledyne Flir LLC, Yunnec, Northrop Grumman Corporation, Parrot SAS, Sensefly Ltd., Skydio, Intel Corporation, and Lockheed Martin are some key players operating in the global market. The players in the marketplace are focusing on improved products with innovative features. In November 2021, DJI unveiled the Mavic 3 Cine drones, the most significant featuring improved sensors, a 46-minute battery life, and enhanced Return to Home (RTH) technology.
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Polaris Market Research has segmented the Drone Inspection and Monitoring market report based on component, solution, payload, application, and region:
Drone Inspection and Monitoring, Solution Outlook (Revenue – USD Billion, 2018 – 2030)
Drone Inspection and Monitoring, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Construction & Infrastructure
- Oil & Gas
Drone Inspection and Monitoring, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Fixed Wing
Drone Inspection and Monitoring, Mode of Operation Outlook (Revenue – USD Billion, 2018 – 2030)
- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
Browse detailed report with in-depth TOC – Drone Inspection and Monitoring Market
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