Report

Renewable Drones Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

  • Publish Date: Jun,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global renewable drones market size was US$ 51 million in 2021. The global renewable drones market is forecast to grow to US$ 152 million by 2030 by growing at a compound annual growth rate (CAGR) of 21.5% during the forecast period from 2022 to 2030.

Factors Influencing the Market
The global renewable drones market is primarily driven by the growing adoption of drones to perform various activities like inspections. Furthermore, growing environmental issues and rising demand for sustainable solutions will also contribute to the growth of the global renewable drones market during the study period.
The growing range of technical developments and international agreements will also contribute to the growth of the global renewable drones market. Further, the rising number of construction activities related to solar and wind farms will also benefit the renewable drones market during the study period.
The benefits of drones, such as reduced cost of inspection operations, will benefit the renewable drones market. Furthermore, drones also reduce the maintenance time and are efficient for UAV services, line-of-sight applications, inspection or wind turbine inspection, ocean-going ship surveillance, offshore platform, refinery inspection, etc. All of these factors will escalate the growth of the renewable drones market.
Strict regulations may restrict the use of drone operations, which will ultimately hamper the market growth.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for renewable drones market reduced. Moreover, the manufacturing units witnessed various challenges due to the unavailability of raw materials and workforce. Thus, it impeded the growth of the renewable drones market. Moreover, investments in the sector restricted during the pandemic, which hampered the industry growth.

Regional Analysis
The Asia-Pacific renewable drones market is forecast to emerge as the largest market, owing to the growing urbanization, industrialization, and population growth. Furthermore, rapidly growing economies and rising electricity demands will also contribute to the growth of the Asia-Pacific renewable drones market during the study period. Growing investments in the energy sector in countries like China and India will benefit the renewable drones market. Further, declining prices of solar panels and growing initiatives by governments to enable a pollution-free environment will offer ample growth opportunities for the renewable drones market.

Competitors in the Market
DJI Enterprise
Terra Drone
DroneDeploy
Parrot Group
ABJ Drones
DRONE VOLT Group
Sitemark
Skylark Drones
PrecisionXYZ
Flyability
FORCE Technology
Droneflight
Above Surveying
Siemens
SPH Engineering
Raptor Maps
SkySpecs
NanoNet Technologies
GarudaUAV
ARBOREA INTELLBIRD
AirProbe
Helvetic
ideaForge
Cyberhawk
Balmore Group
Aerospec Technologies
Other Prominent Players

Market Segmentation
The global renewable drones market segmentation focuses on Type, Application, End-User, and Region.
By Type:
Multirotor
Fixed-wing
By Application:
Telecommunications
Automotive
Industrial
Medical
Military, Defense& Aerospace
Others
By End-user:
Solar
o Solar PV
o Solar CSP
Wind
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America