Drones Energy Industry Market

As per Market Research Future Analysis, the Global Drones Market for the Energy Industry is projected to reach USD 69.4 Billion by 2030, growing at a CAGR of 14.30% from 2023 to 2030. The market has witnessed significant growth due to advancements in drone technology, enabling efficient inspection and monitoring of energy assets such as solar panels, wind turbines, and power lines. Drones offer cost-effectiveness, accuracy, and flexibility, making them essential for the energy sector. The COVID-19 pandemic initially disrupted market growth, but recovery is underway with increased investments in R&D and strategic partnerships. The market faces challenges from regulatory constraints and high labor costs, but opportunities exist in expanding applications and technological innovations.

Microdrones (Germany), DJI (China), Aibotix GmbH Limited (UK), Drone America (US), Draganfly Innovations Inc. (US), ING Robotic Aviation (Canada), Aeryon Labs Plc. (UK), AeroVironment, Inc. (US), Ascending Technologies Inc. (Canada), Univision (Canada).

On March 15, 2024, DJI released the Inspire 3, an advanced drone specifically designed for filmmakers and content creators. The drone comes with advanced stabilization feature powered by AI processor which augurs well for aerial shoot videography.

In February 2024, Amazon Prime Air added new cities in Europe and the US to its drone delivery program. This initiative is aimed at minimizing the time frame between the customer order placement and delivery through new multipurpose drones that can transport heavy goods.

In January 2024, Zipline forged an alliance with the United Nations on a particular venture the goal of which is to transport medical products and vaccines to hinterlands of Africa using drones. Extended range and durability have been incorporated in the drone models used in this program to make them reliable in difficult settings.

In December 2023, Parrot launched its latest series of agricultural drones equipped with multispectral cameras and AI analytical systems, everything geared towards the trend in agriculture today which requires drones that can enhance the services of pest control, crop monitoring and yield estimation.

In November 2023, Skydio won a contract with the US Department of Defense worth 200 million dollars for the provision of autonomous drones which will be used in reconnaissance and surveillance tasks. Such contract reflects the trend that more high-tech arms and ammunitions that rely on artificial intelligence will be sought by the military.

In October 2023, Wing – a subsidiary of Alphabet, Inc – disclosed the successful trials of its voice-controlled drone lockers. This development enables clients to have their parcels packed in safe lockers with drone systems which makes their delivery process both easy and safe.

In September 2023, Indian Authorities announced the new incentives intended for indigenous drone builders under the Make In India initiative. This is geared towards boosting local innovation and production in the drone sector as demand in agriculture, logistics and defence expands.

Drones Market for Energy Industry Regional Analysis

Geographically, the global market has been segregated into various regions such as Asia Pacific, North America, Europe, and the rest of the world. 

The Asia Pacific marketing region is considered the largest market for renewable energy generation and the largest power producer globally. Moreover, the countries like India, China, and Japan are developing drones for the energy market. Hence, this region is estimated to generate the higher Drones Market for Energy Industry Market Share for the review period. Along with that, the North American region is projected to witness higher market growth in this Market Forecast period due to the growing adoption of drones for leak and spillage detection, inspection, surveillance activities, especially in the industrial sector of power and oil & gas. 

Competitive Landscape Analysis

According to this market analysis, the global market has high competition across the globe. These competitive key players are:

• Microdrones (Germany),
• DJI (China), 
• Aibotix GmbH Limited (UK), 
• Drone America (US), 
• Draganfly Innovations Inc. (US), 
• ING Robotic Aviation (Canada),
• Aeryon Labs Plc. (UK),
• AeroVironment, Inc. (US),
• Ascending Technologies Inc. (Canada), 
• Univision. (Canada).

The global market has involved diversified international organizations and various dynamics. New entrants form a competitive landscape and domestic organizations to drive market growth and maintain the higher position of the global market. 

Recent Development

• In October 2016, Intel Falcon 8+ UAS was announced by the Intel Company at the INTERGEO drone conference, held in Hamburg, Germany.
• In October 2016, the latest innovations in UAV technology were presented by the leading Unmanned Aerial Vehicle (UAV) solutions providers named Aibotix. It was presented on the fifth anniversary of the Aibot X6 UAV celebrations at INTERGEO 2016.

Drones Market for Energy Industry Segmental Table

By Drone Type:

• Rotary Blade Drone
• Hybrid Drone
• Fixed Wing Drone

By Application:

• Inspection
• Security and Surveillance
• Leak and Spillage Response

By Industry Type:

• Power
• Oil & Gas
• Renewable