Global Utility Drones Market Growth 2023-2029

Global Utility Drones Market Growth 2023-2029

An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without a human pilot aboard.

LPI (LP Information)' newest research report, the “Utility Drones Industry Forecast” looks at past sales and reviews total world Utility Drones sales in 2022, providing a comprehensive analysis by region and market sector of projected Utility Drones sales for 2023 through 2029. With Utility Drones sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Utility Drones industry.

This Insight Report provides a comprehensive analysis of the global Utility Drones landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Utility Drones portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Utility Drones market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Utility Drones and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Utility Drones.

The global Utility Drones market size is projected to grow from US$ 107.3 million in 2022 to US$ 431.5 million in 2029; it is expected to grow at a CAGR of 431.5 from 2023 to 2029.

Based on type, the utility drones market has been segmented into multi-rotor and fixed wing. The multi-rotor segment is estimated to lead the market and is expected to grow at the fastest rate during the forecast period, as multi-rotors Are comparatively cheaper and readily available in the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Utility Drones market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Multi-rotor
Fixed Wing

Segmentation by application
Power
Generation
Transmission & Distribution
Renewable
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cyberhawk
Measure
Delair
HEMAV
PrecisionHawk

Key Questions Addressed in this Report

What is the 10-year outlook for the global Utility Drones market?

What factors are driving Utility Drones market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Utility Drones market opportunities vary by end market size?

How does Utility Drones break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.