Utility Drones Market Research Report - Global Forecast till 2032

Utility Drones Market Research Report Information By Service (End-to-End Solution, Point Solution), By Type (Multi-Rotor, Fixed Wing), By End-Use (Conventional Power, Renewable) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/A&D/6876-HCR | 111 Pages | Author: Swapnil Palwe | December 2023         

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Global Utility Drones Market Overview

Utility Drones Market Size was valued at USD 0.1 Billion in 2022. The Utility Drones Market industry is projected to grow from USD 0.13 Billion in 2023 to USD 1.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 30.58% during the forecast period (2023 - 2032). Increasing demand for drones in the utility industry, as well as increased demand from the commercial sector are the key market drivers enhancing the market growth.

Utility Drones Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Utility Drones Market Trends

  • The growing popularity of lithium-metal batteries drives market growth.

Market CAGR for utility drone is being driven by the rising popularity of lithium-metal batteries.  Drones are often powered by lithium-ion and lithium polymer (LiPo) batteries. These batteries, however, have a poor energy capacity and will discharge within 30 minutes of use. Furthermore, lithium-ion batteries contain flammable organic solvents, which might explode as a result of short circuits, overcharging, or high temperatures. This raises the hazards associated with using drones in specific places.

Since they use a non-flammable electrolyte, lithium-metal batteries are an alternative to lithium-ion batteries. Furthermore, they have a high energy density, allowing drones to fly for extended periods of time. Furthermore, as compared to lithium-ion batteries, these batteries are more compact. Drone adoption is being fueled by the increased range of drone flights by e-commerce enterprises, logistics companies, and the construction and industrial sectors. This, in turn, would provide attractive chances for the worldwide commercial drones market to develop throughout the forecast period.

Drones are being employed in a variety of purposes as technology progresses, including agriculture, construction, mapping, logistics, and surveillance. Several logistics companies are experimenting with drone deliveries.  For instance, Zipline International Inc. (Zipline) collaborated with Walmart Inc. (Walmart) in September 2020 to provide commercial drone delivery services in the United States. DHL International GmbH and Amazon.com Inc. (Amazon) are also planning to use drone delivery services.

The increase in traffic congestion causes various problems in road freight delivery. However, as compared to road transport, drones can overcome such limits and deliver items more swiftly. Drone delivery services are provided by a number of companies, including Drone Delivery Canada Corp., Flirtey, and Flytrex Aviation Ltd. Other logistics firms are also focusing on employing drones for delivery. Such innovations are projected to drive the growth of the commercial drones market revenue over the forecast period.

Utility Drones Market Segment Insights:

Utility Drones Service Insights

The Utility Drones Market segmentation, based on service includes end-to-end solution, point solution. In 2022, the end-to-end solution segment made the most revenue. This solution covers the delivery of the drone, drone pilots, engineers, software, data management, processing, and analytics; drone advisory services; and consultancy, among other services that aid in the collection of reliable data about utility assets.

Figure1: Utility Drones Market, by Service, 2022 & 2032 (USD Billion)

Utility Drones Market, by Service, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Utility Drones Type Insights

The Utility Drones Market segmentation, based on type, includes multi-rotor, fixed wing. In 2022, multi-rotor category had the highest market share. A multi-rotor drone has more than two rotor blades. The method it generates lift differs from that of a standard single rotor. A multi-rotor typically has more than two rotors that are placed at an angle of 90 degrees or less with each other in order to create their own lift and stay airborne. These drones are used for a number of purposes, including aerial photography, surveying, mapping, and inspection. They are also employed for business purposes, such as the delivery of goods or the provision of services.

Utility Drones End-Use Insights

The Utility Drones Market segmentation, based on end-use, includes conventional power, renewable. Conventional power category has a major proportion of the utility drones market and is likely to grow more in the forecasted time. The market is being driven primarily by factors such as using utility drones for the power industry, which include reduced operation and maintenance costs, increased worker safety due to their ability to fly in potentially dangerous areas, use of little or no fuel, and negligible environmental impact.

Utility Drones Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America held the highest share of more than 40% in 2022. Due to increased demand from the oil and gas, mining, and power generation industries, the area is likely to maintain its dominance over the projection period. Furthermore, leading firms such as 3D Robotics, DJI, Parrot, Yuneec International BV, and Hover Camera Systems GmbH are expected to drive market expansion in this area.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Utility Drones Market Share By Region 2022 (USD Billion)

Utility Drones Market Share By Region 2022

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

EuropeUtility Drones Market accounts for the second-largest market share due to the rising private funding and investments in electricity infrastructure development. Further, the German Utility Drones Marketheld the largest market share, and the UK Utility Drones Market was the fastest growing market in the European region

The Asia-Pacific Utility Drones Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of increased industrialisation and increased adoption by commercial sectors such as agriculture, construction, and infrastructure development services, among others. Moreover, China’sUtility Drones Market held the largest market share, and the Indian Utility Drones Market was the fastest growing market in the Asia-Pacific region.

Utility Drones Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Utility Drones Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Utility Drones industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Utility Drones industry to benefit clients and increase the market sector. In recent years, the Utility Drones industry has offered some of the most significant advantages to medicine. Major players in the Utility Drones Market, including SkyScape Industries (US), Measure (US), Sharper Shape Inc. (US), Sky Futures (UK), Terra Drone (Japan), ABJ Drones (US), ULC Robotics (US) and others, are attempting to increase market demand by investing in research and development operations.

Carbonix is Australia's leading producer and solution provider for commercial Unmanned Aerial Vehicles (UAV). Founded in 2012 by America's Cup veteran Dario Valenza, the company has pioneered the creation of long-range Vertical Take-off and Landing (VTOL) drones for aerial surveillance and precision data collecting. Carbonix UAVs contribute to mission success by delivering improved insights into remote settings via intelligent, dependable, and safe airborne data collecting systems. In November 2022, Carbonix, a drone manufacturer, announced a collaboration with electricity distributor SA Power Networks and communications corporation Nokia to use long-range Un-Crewed Aerial Vehicles (UAVs) for aerial examination of remote electrical lines and network assets in South Australia. In the first phase of the collaboration, a Carbonix Volanti unmanned aerial vehicle (UAV) will be utilised to demonstrate the Beyond Visual Line of Sight (BVLOS) capability while connected to the Nokia Digital Automation Cloud (DAC) through wireless network.

SZ Chinese technology company DJI Technology Co., Ltd., with its headquarters in Shenzhen, Guangdong, is supported by a number of state-owned organisations. Unmanned aerial systems (drones) for aerial photography and filming are produced by DJI. Additionally, it develops and produces flight control systems, gimbal stabilisers, propulsion systems, corporate software, and aerial farm equipment. As of March 2021, DJI controls around 76% of the consumer drone market. In the broadcast, film, and music sectors, its camera drone technology is widely employed. In spite of the company's efforts to restrict access to terrorist organisations, the company's goods have also been utilised by military, police departments, and law enforcement agencies. In October 2019, The Phantom 4 RTK, a high-precision aerial survey drone that combines centimeter-level navigation and positioning with a high-performance imaging system to boost survey efficiency and accuracy while lowering operational difficulty and expense, was just released globally, according to SZ DJI Technology Co.

Key Companies in the Utility Drones market include

  • Cyberhawk Innovations Limited (Scotland)

  • PrecisionHawk (US)

  • Delair (France)

  • SkyScape Industries (US)

  • Measure (US)

  • Sharper Shape Inc. (US)

  • Sky Futures (UK)

  • Terra Drone (Japan)

  • ABJ Drones (US)

  • ULC Robotics (US)

  • Aerodyne Group (Malaysia)

  • Asset Drone (US)

  • Hemav (Spain)

Utility Drones Industry Developments

In November 2022,The New York Power Authority (NYPA) announced that it would use Artificial Intelligence (AI) analytics to speed up and improve the detection of weak places that need to be repaired, as well as to take action to avoid costly outages. The NYPA has turned to AI tech firm Buzz Solutions to make infrastructure photos returned by its inspection drones more manageable and relevant. Buzz Solutions' technologies significantly speed up the analysis process while maintaining an accuracy rating of 85%.

In November 2022,Specialist public safety and first responder drone consultancy Skyfire announced that it had helped wildfire-plagued utility Pacific Gas & Electric (PG&E) obtain an FAA waiver to operate Beyond Visual Line of Sight (BVLOS) infrastructure flights throughout the state of California to examine the security of the company's power facilities, transmission lines, and gas pipelines that cover more than 70,000 square miles across Cali.

In April 2019,To speed up and increase the efficiency of aircraft inspections, Airbus SE has announced the introduction of an advanced indoor inspection drone.

Utility Drones Market Segmentation:

Utility Drones Market By Service Outlook

  • End-to-End Solution

  • Point Solution

Utility Drones Market By Type Outlook

  • Multi-Rotor

  • Fixed Wing

Utility Drones Market By End-Use Outlook

  • Conventional Power

  • Renewable

Utility Drones Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Scope:

Report Attribute/Metric Details
Market Size2022 USD 0.1 Billion
Market Size 2023 USD 0.13 Billion
Market Size2032 USD 1.1 Billion
Compound Annual Growth Rate (CAGR) 30.58% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Service, Type, End-Use and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Cyberhawk Innovations Limited (Scotland), PrecisionHawk (US), Delair (France), SkyScape Industries (US), Measure (US), Sharper Shape Inc. (US), Sky Futures (UK), Terra Drone (Japan), ABJ Drones (US), ULC Robotics (US), Aerodyne Group (Malaysia), Asset Drone (US), Hemav (Spain), YUNEEC (US), and DJI (China).
Key Market Opportunities Regulation changes relating to drones.
Key Market Dynamics technological developments in drones

Frequently Asked Questions (FAQ) :

The Utility Drones Market size was valued at USD 0.1 Billion in 2022.

The market is projected to grow at a CAGR of 30.58% during the forecast period, 2023-2032.

North America had the largest share in the market

The key players in the market are SkyScape Industries (US), Measure (US), Sharper Shape Inc. (US), Sky Futures (UK), Terra Drone (Japan), ABJ Drones (US), ULC Robotics (US).

The end-to-end solution category dominated the market in 2022.

The multi-rotor had the largest share in the market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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