Drone Surveillance Market
Growth Factors of Drone Surveillance Market
The drone surveillance market size was valued at USD 212.3 million in 2023, and the market is now projected to grow from USD 251.2 million in 2024 to USD 685.2 million by 2032, exhibiting a CAGR of 13.4% during the forecast period of 2023-2030.
COVID-19 has somehow negatively affected the commercial and economic lines of the development of developed countries. However, the requirement for functional apparatus has not diminished to any extent, shape or form. They are therefore attributed to the market changes occasioned by the drone surveillance market growth after the end of the pandemic.
An increase in the installation of wind turbines mainly in North America and Europe due to increased focus on using renewable energy sources is expected to improve the drone surveillance market share. This will owe to the government policies and energy companies' capabilities in an aim to produce electricity from clean sources. Moreover, the evolution of AI-based drones for the wind turbine inspection business will take the market to the next level of development. As a consequence, a higher CAGR is expected.
Additionally, increased usage of LiDAR drones for conducting surveys and inspections for oil and gas rigs is probably to create demand due to high-end laser and sensing features that offer maximum results with minimal errors. The combination of crash avoidance systems and analytical capabilities based on artificial intelligence improves their suitability for various uses. Another driver to adopting LiDAR technology in the oil and gas industry is increased research and development investments and the need for offshore maintenance.
Comprehensive Analysis of Drone Surveillance Market
The drone surveillance market and the aerospace & defence industry are growing at a breakneck pace because of the segmentation of its market. This market expansion also offers a thorough regional perspective per the supply-side and demand-side influencers for the unmanned systems market. These segmentations are presented systematically by types and by applications. The types include, Multirotor, Fixed Wing and Hybrid. Also, the applications include, Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Solar Panel Inspection and Others.
North America has the largest share in the drone surveillance market for the energy & power industry because of the growth in the usage of drones in the US for pipeline vigilance. The U.S. is a leading country in terms of pipeline network, with a market share that hugely contributes to this dominance. The ongoing use of drone technology in the region contributes to the stabilization of the market and further expansion.
The market leaders hold considerable influence on the aerospace & defence industry by guaranteeing industrial prospectus development and stabilizing market trends. These players include, Aerodyne Group (Malaysia), Aesthetix Global (UAE), Airobotics Ltd. (Israel), Azure Drone SAS (France), BAE Systems Inc. (U.K.), Cyberhawk Innovations Limited (U.K.), Martek Aviation (U.K.), Mistras Group (U.S.), Percepto (Israel), SEIKEY Srl (Italy), Sky-Futures Ltd (U.K.), Sphere Drones (Australia), Terra Drone Corp. (Japan), Viper Drones (U.S.), Avitas Systems, Inc. (U.S.), Australian UAV Pty Ltd (Australia), Qualcomm Technologies (U.S.) and Texo DSI (U.K.). These market players afford a level-playing competitive platform.
In December 2023, the Government of India introduced drones in Bhopal City with the primary intention of surveillance and monitoring power supply sections to identify faults and anomalies. The government used surveillance drones in two areas to identify faults and regularly maintain all the power systems.
Segmentation Table
Global Drone Surveillance Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 13.4% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, Application, and Region
By Type - Multirotor
- Fixed Wings
- Hybrid
By Application - Pipeline Monitoring and Inspection
- Offshore Platform Inspection
- Wind Turbine Inspection
- Power Plant Inspection
- Solar Panel Inspection
- Others
By Region - North America (By Type, Application, and Country)
- U.S. (By Type)
- Canada (By Type)
- Europe (By Type, Application, and Country)
- U.K (By Type)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- Russia (By Type)
- Rest of Europe (By Type)
- Asia Pacific (By Type, Application, and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- Southeast Asia (By Type)
- Rest of Asia Pacific (By Type)
- Middle East and Africa (By Type, Application, and Country)
- South Africa (By Type)
- GCC (By Type)
- Rest of the Middle East & Africa (By Type)
- Latin America (By Type, Application, and Country)
- Brazil (By Type)
- Mexico (By Type)
- Rest of Latin America (By Type)
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