Drones in Energy Market Size, Share, By Drone Type (Multi-Rotor Drones, Fixed-Wing Drones, VTOL (Vertical Take-Off and Landing) Drones), By Technology (High-Definition (HD) and Thermal Imaging Cameras, LiDAR (Light Detection and Ranging)), By Application (Inspection & Maintenance, Mapping & Surveying, and Data Collection), By End-User (Oil & Gas, Power Generation, Renewables), and By Region - Trends, Analysis, and Forecast till 2034

Report Code: PMI549324 | Publish Date: July 2024 | No. of Pages: 185

Drones In Energy Market Overview

Drones in Energy Market Size was valued at USD 640.4 Million in 2024 and is expected to reach USD 2547.4 Million by 2034, growing at a CAGR of 16.4%

Drones are increasingly being utilized in the energy sector for various applications. These UAVs offer a cheap and effective way to inspect, monitor, and maintain energy infrastructures like power lines, wind turbines, solar panels, and oil and gas facilities. High-resolution cameras, thermal imaging sensors, and other customized equipment—drones can identify faults, observe damage, and collect data that would otherwise be very difficult or dangerous for workers. They can make aerial explorations of prospective sites for new energy projects, then move into the sustained monitoring of environmental impacts or even respond in emergencies. With the advancement of drones, the possibility is their role in the energy sector will grow, which might mean improved safety and a decline in operational costs toward better efficiency in the production and distribution of energy. Such has naturally emerged a demand for drones in the energy sector as the energy industry seeks new, efficient, safe, and cost-efficient means of managing and maintaining energy infrastructure. Conventional inspection techniques generally imply production downtime, scaffolding build-up, or exposure of an employee to hazardous conditions and are time-consuming, expensive, and risky. Drones help conquer these challenges by offering a fast and non-intrusive way of executing inspections and data capturing.

This way, they can reach unreachable areas effortlessly and save human workers from exposing themselves to inappropriate conditions. Their ability to quickly sweep over large areas makes them perfect for extensive energy installations, such as surveying solar farms or offshore wind turbines. The technology that drives drones in energy applications is in continuous development. State-of-the-art drones used in industry today are equipped with high-resolution cameras, thermal imaging sensors, LiDAR systems, and many other types of specialized sensors. This makes detailed visual inspections, heat leak detection, 3D plant mapping, and even the possibility of gas leakage detection possible.

Drones in Energy Market Share

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Drones In Energy Market Dynamics

Key Drivers of Target Market:

Enhanced Safety

  • Traditional inspection methods in energy infrastructure undertaking typically expose human workers to many risks. Drones can access hazardous and hard-to-reach areas, reducing the need for personnel exposure to dangerous situations. This reduces workplace accidents, injuries, and related fatalities, improving the energy sector's general safety. For instance, if a drone is sent to inspect the condition of a damaged high-voltage power line, it eliminates the need for a technician to climb the tower and significantly reduces the risks of electrocution or falling. Similarly, drones can also be deployed inside confined spaces within oil refineries or storage tanks to conduct an inspection and minimize a human's decision to enter an unknown space that could be hazardous.

Improved Efficiency:

  • Drones increase the speed of the inspection and data collection compared to conventional methods. They can race across large areas, slide into tight spaces, and collect detailed data in a single deployment. Faster turnarounds for inspections, less downtime for maintenance activities, and improved operational efficiency follow. For example, the time a drone takes to inspect a wind turbine is a fraction of that taken by a rope access technician, and this disrupts very little of its energy capture. Moreover, routine inspections can be carried out by programming the path for the drones to fly along, making it even more efficient and reducing manual piloting.

Restrains:

Technological Constraints:

  • Even though drone technology is rapidly evolving, some limitations persist. Battery life remains a significant challenge, keeping flight times down for complex inspections. Besides, capacity restrictions in payloads further limit the kinds of sensors that might be flown on drones, which could affect their ability to collect data. Moreover, bad weather conditions, such as strong winds or heavy rain, might significantly affect drone operation. Beyond these limitations, the independence of a drone to fly through environments with complicated structures and to avoid obstacles on its own is still under development. This is particularly true in intricate inspections in dense power line corridors or cluttered industrial settings.

Opportunities:

Beyond Inspection & Maintenance:

  • While inspection and maintenance are the most significant applications, drones can also become incredibly valuable in emergencies and security operations in the energy sector. Picture dispatching drones to search-and-rescue missions within a hazardous environment after a power plant or oil rig accident. This would mean the drones locate injured personnel in seconds, much faster than hand-searched efforts could pull off, saving lives. Similarly, drones can be sent to assess the damage caused by hurricanes, wildfires, or any other disaster; their data will be beneficial to emergency responders in recovery operations. Also, drone patrols can provide the security function of perimeter patrol of energy infrastructure, thus frustrating costly thefts or vandalism and resulting in enhanced security at such facilities.

Drones In Energy Market Segmentation

The market is segmented based on Drone Type, Technology, Application, End-User, and Region.

Drone Type Insights:

  • Multi-rotor drones are the workhorses of the energy sector. Their agility, ease of maneuverability, and VTOL capabilities make them suitable for intricate inspections within confined spaces—like around power lines or wind turbines.
  • Fixed-Wing Drones: Specifically designed to cover large areas quickly, they feature extended flying times and increased range compared with multi-rotors. Nevertheless, they need a runway for taking off and landing rather than decreasing operational flexibility in some cases.
  • VTOL (Vertical Take-Off and Landing) Drones: VTOL drones are designed to inherit the best two worlds: multi-rotor and fixed-wing drones, realizing VTOL for complex maneuvers while covering long distances like fixed-wing drones. Though costlier and more complicated, they offer unrivaled versatility for many energy-related applications.

Technology Insights:

  • High-Definition (HD) and Thermal Imaging Cameras: These cameras provide detailed visual data for infrastructure inspection. HD cameras take high-resolution pictures to recognize cracks, corrosion, or any other evident damage. Thermal imaging cameras identify temperature signatures to recognize issuer water leaks, overheating equipment, and, in some aspects, animal activities around infrastructure.
  • LiDAR (Light Detection and Ranging): Light Detection and Ranging is another remote sensing technology that uses lasers to measure distances, creating highly accurate 3D models of infrastructure that would be useful for planning or maintenance—in tasks such as calculating volumes or even fine-grained analysis of structural integrity.

Application Insights:

  • Inspection & Maintenance: This is the most popular application of drones in energy. They scrutinize pipelines, corridors of power lines, and vegetables of wind turbines or solar panels, looking for damage, corrosion, loose rivets, and other problems that may trigger outages or even pose safety risks. Early detection makes it possible to conduct effective maintenance with minimum downtime and reduced repair costs.
  • Mapping & Surveying: High-resolution cameras and LiDAR-equipped drones can provide immense detail in mapping energy infrastructure. This information is highly useful in designing new initiatives, such as laying out a wind farm or running power lines. It would also help monitor the infrastructure of existing installations for changes or possible issues over time.
  • Data Collection: A drone equipped with different sensors can be utilized in several data collections. These include, but are not limited to, methane emissions over oil and gas facilities, vegetation health around solar farms for optimizing energy production, or the stockpile volume at coal-fired power plants.

End-User Insights:

  • Oil & Gas: This is a wide range of applications—from pipeline and storage tank inspection to offshore rig inspection. Drones examine each inch of the pipelines for leaks, corrosion, or other problems much more quickly and safely compared to traditional methods. Besides its usage in flare stack monitoring for emission compliance and environmental impact assessment, drones are also used to supervise other critical equipment.
  • Power Generation: Utilities use drones to inspect power lines, substations, and generating plants. This helps discover possible issues with the transmission line, keep solar panels and wind turbines healthy, and monitor wildlife activity that causes outages.
  • Renewables: Drones lend their essential services in the Renewable Energy Industry, from siting wind farms to inspecting solar panels and monitoring vegetation growth around a wind turbine to support optimizing energy production while minimizing environmental impacts.

Regional Insights

  • North America: While perceived as a leader in drone technology, North America holds a mature drone market within its energy sector, focused on further advanced technologies and regulations. This is where leading drone manufacturers like DJI and Skydio call home, but more importantly, where the mature ecosystem of service providers and software developers serves the energy industry. North America is also at the forefront of developing and implementing regulations for safe and efficient drone use in the energy sector.
  • Asia Pacific: This regional market is growing exponentially, barring increased investments in the development of renewable energy infrastructure. Countries like China and India present a thriving drone market across energy applications. Government initiatives on clean energy, coupled with vast geographic landscapes and challenging terrains, are enriching the adoption rate of drones in inspection, monitoring, and maintenance tasks. Moreover, given the focus on cost efficiency in the energy sector, drones offer an extreme case for their ability to reduce operational expenditure while enhancing safety.
  • Europe: Meanwhile, the European region is highly focused on safety and regulatory compliance for the drone industry. As a result of such focus, the adoption of drones by the energy sector has been relatively slow compared to North America. The region, however, is starting to open up to drone technology in applications that make the energy sector safer and more efficient. In this respect, drones are being used in applications such as inspecting wind turbines in harsh offshore conditions, monitoring densely populated areas, and collecting data during environmental impact assessments for energy projects.
  • Latin America: Energized Latin American applications of the drone market are still in their infant stage, but the growth rate will be tremendous in the future. Some of the main drivers of demand for drones for inspection, maintenance, and data collection tasks include abundant oil and gas reserves and rapidly increasing investments in renewable energy infrastructure, especially in wind and solar.
  • Middle East and Africa: The Middle East and Africa are developing drone markets in energy. This region holds huge oil and gas reserves and, at the same time, also focuses on constructing alternate renewable sources of energy, creating a plethora of opportunities for drone applications. Currently, drones are being used to inspect oil pipelines covering remote deserts, clean solar panels on large farms, and gather data from flare stack monitoring.

Drones in Energy Market Report Scope:

Attribute

Details

Market Size 2024

USD 640.4 Million 

Projected Market Size 2034

USD 2547.4 Million

CAGR Growth Rate

16.4%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Drone Type - Multi-Rotor Drones, Fixed-Wing Drones, VTOL (Vertical Take-Off and Landing) Drones

By Technology - High-Definition (HD) and Thermal Imaging Cameras, LiDAR (Light Detection and Ranging)

By Application - Inspection & Maintenance, Mapping & Surveying, and Data Collection.

By End-User - Oil & Gas, Power Generation, and Renewables

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Drone Type, Technology, Application, End-User, and Region.

Segmentation:

By Drone Type:

  • Multi-Rotor Drones
  • Fixed-Wing Drones
  • VTOL (Vertical Take-Off and Landing) Drones

By Technology:

  • High-Definition (HD) and Thermal Imaging Cameras
  • LiDAR (Light Detection and Ranging)

By Application:

  • Inspection & Maintenance
  • Mapping & Surveying
  • Data Collection

By End-User:

  • Oil & Gas
  • Power Generation
  • Renewables

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Drones In Energy Market Key Players

The key players operating the Drones in Energy Market include Microdrones, DJI, Aibotix GmbH Limited, Drone America, Draganfly Innovations Inc., ING Robotic Aviation, Aeryon Labs Plc., AeroVironment, Inc., Ascending Technologies Inc., and Univision.

Drones in Energy Market Key Players

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Drones In Energy Market Key Issues Addressed

  • In May 2023, Tinamu and Parrot formed a technical cooperation to provide automated interior monitoring solutions. Parrot, the leading European drone manufacturer, and Tinamu, a Swiss drone automation technology supplier, announced a collaboration to integrate the Parrot ANAFI Ai drone into Tinamu's indoor monitoring systems. Tinamu provides global corporations with automated warehouse inventory management systems in mining, commodity trading, and construction. Automation of drones is the future of professional drone usage; nevertheless, doing this for interior sites is a very tough task, for which Tinamu has developed a very creative software solution. Combining best-in-class Parrot UAVs with Tinamu's software skills will produce an advanced, fully autonomous robotic solution designed for industry.
  • In March 2023, Field acquired PrecisionHawk, an AI drone technology company. Field has announced the acquisition of PrecisionHawk, a US-based artificial intelligence (AI) and drone technology firm focused on infrastructure management. PrecisionHawk, which has a premium client list of Fortune 500 firms, complements Field's international growth plan, notably its expansion in the United States. They are on a mission to create and sustain a better world through smarter, more sustainable insights from geospatial data. They are excited to combine our products and technology to provide world-class infrastructure management solutions to customers in the United States, Europe, and elsewhere.

Drones In Energy Market Company Profile

  • Microdrones *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DJI
  • Aibotix GmbH Limited
  • Drone America
  • Draganfly Innovations Inc.
  • ING Robotic Aviation
  • Aeryon Labs Plc.
  • AeroVironment, Inc.
  • Ascending Technologies Inc.
  • Univision

“*” marked represents similar segmentation in other categories in the respective section.

Drones In Energy Market Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Drone Type
    • Market Snippet, By Technology
    • Market Snippet, By Application
    • Market Snippet, By End-User
    • Market Snippet, By Region
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Merger and Acquisitions
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, Drone Type, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Multi-Rotor Drones
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fixed-Wing Drones
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • VTOL (Vertical Take-Off and Landing) Drones
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Technology, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • High-Definition (HD) and Thermal Imaging Cameras
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • LiDAR (Light Detection and Ranging)
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Application, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Inspection & Maintenance
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Mapping & Surveying
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Data Collection
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, End-User, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Oil & Gas
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Power Generation
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Renewables
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Residential
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (USD Bn), By Drone Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada
  • Asia Pacific
    • Market Size and Forecast (USD Bn), By Drone Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Europe
    • Market Size and Forecast (USD Bn), By Drone Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Latin America
    • Market Size and Forecast (USD Bn), By Drone Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Market Size and Forecast (USD Bn), By Drone Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East and Africa

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
  • Microdrones
  • DJI
  • Aibotix GmbH Limited
  • Drone America
  • Draganfly Innovations Inc.
  • ING Robotic Aviation
  • Aeryon Labs Plc.
  • AeroVironment, Inc.
  • Ascending Technologies Inc.
  • Univision

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Drones in Energy Market Size was valued at USD 640.4 Million in 2024 and is expected to reach USD 2547.4 Million by 2034 growing at a CAGR of 16.4%

The Drones in Energy Market is segmented into Technology, Application, End-User, and Region.

Factors driving the market include the ability of drones to access hazardous and hard-to-reach areas, reducing the need for personnel exposure to dangerous situations. Drones also increase the speed of inspections and data collection manifold compared to conventional methods.

The Drones in Energy Market's restraints include technological constraints.

The Drones in the energy market are segmented by region into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America is expected to dominate the Market.

The key players operating the Drones in Energy Market include Microdrones, DJI, Aibotix GmbH Limited, Drone America, Draganfly Innovations Inc., ING Robotic Aviation, Aeryon Labs Plc., AeroVironment, Inc., Ascending Technologies Inc., Univision.