Renewable Drones Market Size, Share, By Drone Type (Multirotor, and Fixed Wing), By Solution (Point, and End-to-End), By End-Use (Solar, and Wind), and By Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis, and Forecast till 2034

Report Code: PMI541124 | Publish Date: July 2024 | No. of Pages: 195

Renewable Drones Market Overview

Renewable Drones Market Size was valued at USD 62.7 Million in 2024 and is expected to reach USD 480.2 Million by 2034 growing at a CAGR of 25.1%.

Drone technology is one of the niche areas in which the renewable energy industry is seeing rapid growth. The market for renewable drones, made expressly to help with various jobs within the renewable energy industry, is rapidly expanding. Drones are becoming increasingly important in the energy and renewables sectors, revolutionizing how these sectors function. With their sophisticated sensors and imaging capabilities, drones provide a safer and more effective replacement for conventional inspection and maintenance techniques.

Power lines, solar panels, wind turbines, and other dangerous or difficult-to-reach locations may all be thoroughly inspected in high resolution with the help of these drones. Because fewer people are needed to perform risky operations, safety is increased, and the accuracy and caliber of the data gathered are also greatly improved. Renewable energy firms are emphasizing asset optimization more to increase productivity and efficiency. Drones are essential to this procedure to collect data and conduct routine monitoring.

The transition to renewable energy sources is becoming increasingly important as our need for clean energy rises. To accommodate this need, there has been an increase in renewable energy plants. Making sure these plants are running safely and effectively is more critical than ever right now. Reliable inspections are now a crucial component of this procedure. Drones are the perfect answer for quick, precise, safe, and reasonably priced inspections.

Renewable drones are expected to proliferate as the market concentrates on UAV offerings, line-of-sight programs, tracking ocean-going ships, examination or wind turbine testing, offshore platform, and refinery inspection, power line surveillance, and solar panel observing in the energy sector. Moreover, during the projected period, the target market's development will be further aided by the ongoing expansion of infrastructure construction for solar and wind energy facilities. Nevertheless, over the projected period, the target market's growth may be hampered by the safety concerns and regulatory compliance that come with such drone technology.

Renewable Drones Market Dynamics

Key Drivers of Target Market:

Improved Examination and Management Capacity:

  • Enhanced monitoring and inspection abilities are a big part of driving the renewable drone market. Solar farms and wind turbines have always posed some problems because they can be quite challenging to inspect using traditional methods that are usually costly on top of being time-consuming at times, putting at risk those who inspect such areas by having to ascend heights or enter dangerous places themselves. Thus, renewable drones backed by advanced technology tools, including but not limited to cameras with high resolutions, sensors for heat detection and light detection and ranging (LiDAR), have made it possible to have thorough inspections done within a short time without any risk. As a result, drones are being rapidly used by the solar and wind energy industries for inspection due to their increased efficiency and cost-saving benefits.

Enhanced Cost Cutting and Organizational Efficacy:

  • Drones powered by renewable energy can save money and improve the efficiency of wind and solar power plants. They automate routine data collecting and inspection tasks, saving time, labour, and resources. Since drones offer a more efficient and scalable alternative for asset management and monitoring, this results in substantial expense savings for renewable energy owners.

Restrains:

Security Concerns and Compliance with Regulations:

  • Significant compliance and safety issues exist when using drones for renewable energy in regulated sectors like electricity and aviation. Drones operating in manned aircraft airspace are subject to aviation regulations, which include flying altitude restrictions, airspace limitations, and remote pilot certification. Drone operations near essential infrastructure, like solar farms or wind turbines, must also follow safety guidelines, risk assessments, and emergency response plans to prevent mishaps, collisions, and equipment damage.

Opportunities:

The rise in usage in solar and wind energy farms:

  • Drones and robots can be used in various ways in solar and wind farms. Several solutions are presently being developed and utilized globally in the renewable energy field. Advancements in robotics and drone technology have the potential to enhance plant efficiency, lower overall costs, and shorten the time needed to complete various tasks in wind and solar farms

Renewable Drones Market Segmentation

The market is segmented based on Drone Type, Solution, End-use, and Region.

Drone Type Insight:

  • Multirotor: The dominant segment is multirotor drones, which consist of drones with multiple rotors, making it possible for them to take off and land vertically as well as hover. They are very maneuverable, making them perfect for delicate inspections of wind turbines and solar panels, especially in constricted places.
  • Fixed Wing: A fixed-wing drone is a drone with a fixed wingspan that permits it to stay in flight for a longer period. Together with a multirotor copter, they are perfect for inspecting big solar farms or wind turbines from a large distance, hence providing efficient aerial data collection.

Solution Insight:

  • Point: The point solution category addresses using drones for specialized activities inside a renewable energy facility, including visual inspections of wind turbine blades or thermal examinations of solar panels for hot spots. Usually, only one drone and rudimentary data analysis tools are used.
  • End-to-End: The end-to-end solution section includes data collection, processing, and analysis, covering a whole drone-based solution. This category may include several drones with specialized sensors and software for data reporting and visualization. This option offers an extended examination of the facility's condition.

End-Use Insight:

  • Solar: The solar sector revolves around employing drones to oversee and generate data on solar power plants. Drones are helpful as they carry out built-in solar panel thermal imaging that helps to recognize potential faults, evaluate the vegetation population around them, and trace their general productivity.
  • Wind: The wind application type addresses drone inspection of wind turbines. Drones can enhance safety and efficiency by inspecting blades for damage or cracks, inspecting towers for structural integrity, and performing general maintenance duties.

Regional Insights

  • North America: Due to its high adoption rate of renewable energy, sophisticated technology, and strict clean energy legislation, North America is the market leader for renewable drones. Leading drone producers and renewable energy firms are driving progress in the United States and Canada.
  • Asia Pacific: Regarding drone technology growth, usage, and acceptance, the Asia-Pacific market offers numerous opportunities for innovation and cooperation. Demand for renewable drones is expected to soar as renewable energy becomes more popular as a practical and sustainable substitute for conventional energy sources, positioning the Asia Pacific region as a significant growth market for the renewable drone industry.
  • Europe: Drone-based inspection services are in high demand due to Europe's massive offshore wind farms and strong commitment to renewable energy targets. Growth in this market is fueled by a legislative environment favorable to drone operations and strongly emphasizes lowering maintenance costs.
  • Latin America: Latin America is a growing market for drones that run on renewable energy, with interest from several nations growing. Drone-based surveillance and upkeep solutions are becoming increasingly viable in the region  to the expanding renewable energy industry, especially in the solar and wind sectors.
  • Middle East and Africa: Driven by aggressive targets for renewable energy and harsh environmental circumstances, the Middle East and Africa are becoming increasingly interested in renewable drones. Notwithstanding the potential for future expansion, the target market may face obstacles due to restricted infrastructure and restrictions.

Renewable Drones Market Report Scope:

Attribute

Details

Market Size 2024

USD 62.7 Million

Projected Market Size 2034

USD 480.2 Million

CAGR Growth Rate

25.1%

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 - Multirotor, and Fixed Wing

By Solution – Point, and End-to-End

By End- Use - Solar, and Wind

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, Solution, End- Use, and Region:

Segmentation:

By Drone Type:

  • Multirotor
  • Fixed Wing

By Solution:

  • Point
  • End-to-End

By End-Use:

  • Solar
  • Wind

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

Renewable Drones Market Key Players

The key players operating the Renewable Drones Market include Droneflight, DJI Enterprise, Terra Drone Corporation, Aerodyne Measure Inc., DroneDeploy, Inc., Parrot Group, ABJ Drones, DRONE VOLT Group, AIRPIX, Sitemark, Skylark Drones, Flyability S.A., and FORCE Technology.

Renewable Drones Market Key Issues Addressed

  • In June 2020, Terra Drone founded Terra Drone Technology Malaysia Sdn Bhd (TDMY) in Kuala Lumpur, Malaysia. Oil and gas, telecommunications, electricity, construction, agriculture, and government agencies were among the industries for which TOMY provided industrial services, drone surveying, and inspections.

Renewable Drones Market Company Profile

  • Droneflight *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DJI Enterprise
  • Terra Drone Corporation
  • Aerodyne Measure Inc.
  • DroneDeploy, Inc.
  • Parrot Group
  • ABJ Drones
  • DRONE VOLT Group
  • AIRPIX
  • Sitemark
  • Skylark Drones
  • Flyability S.A.
  • FORCE Technology

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

Renewable Drones Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Drone Type
      • Market Snippet, By Solution
      • Market Snippet, By End-Use
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. 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
  4. Market Segmentation, Drone Type, Forecast Period up to 10 Years, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Multirotor
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Fixed Wing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
      • Segment Trends
  5. Market Segmentation, Solution, Forecast Period up to 10 Years, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Point
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • End-to-End
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
      • Segment Trends
  6. Market Segmentation, End-Use, Forecast Period up to 10 Years, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Solar
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Wind
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  7. Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), 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 (US$ Mn), By Drone Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Solution, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By End-Use, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
        • U.S
        • Canada
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Drone Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Solution, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By End-Use, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Europe
      • Market Size and Forecast (US$ Mn), By Drone Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Solution, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By End-Use, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
        • UK
        • Germany
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Latin America
      • Market Size and Forecast (US$ Mn), By Drone Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Solution, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By End-Use, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Market Size and Forecast (US$ Mn), By Drone Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Solution, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By End-Use, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East and Africa
  8. Competitive Landscape
  • Heat Map Analysis
  • Company Profiles
    • Droneflight
    • DJI Enterprise
    • Terra Drone Corporation
    • Aerodyne Measure Inc.
    • DroneDeploy, Inc.
    • Parrot Group
    • ABJ Drones
    • DRONE VOLT Group
    • AIRPIX
    • Sitemark
    • Skylark Drones
    • Flyability S.A.
    • FORCE Technology

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Renewable Drones Market Size was valued at US$ 62.7 million in 2024 and is expected to grow at a CAGR of 25.1% to reach US$ 480.2 million by 2034

The Renewable Drones Market is segmented into Drone Type, Solution, End- Use, and Region.

The market is being driven by increased organizational effectiveness, cost reduction, and improved examination and management capabilities.

Security concerns and regulatory compliance are two factors impeding the growth of the renewable drone business.

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

The key players operating the Renewable Drones Market include Droneflight, DJI Enterprise, Terra Drone Corporation, Aerodyne Measure Inc., DroneDeploy, Inc., Parrot Group, ABJ Drones, DRONE VOLT Group, AIRPIX, Sitemark, Skylark Drones, Flyability S.A., and FORCE Technology.