Increased infrastructural development, increased need for better ways of surveillance and aerial views is driving the Global Drone Surveillance Platform Market.
Covid-19 Impact & Market Status
The advent of Covid 19 has had a huge impact on the lives of many people. It has forced business to shut down due to cut in supply chains, distribution channels were destroyed. Many power stations, oil & gas plants have been shut down and as drones were most used here, the Drone Surveillance market experienced a shock and the demand decreased drastically. After the covid outbreak demand increased as more drones were now needed for the monitoring and inspection of pipelines.
The size of the global market for Drone Surveillance Platform is expected to reach USD 476.5 Million by 2028, expanding at a compound annual growth rate (CAGR) of 18.9%.
The Global Drone Surveillance Platform Market report provides an in-depth view of the Global Drone Surveillance Platform Market performance and outlook for the Global Drone Surveillance Platform Market stakeholders. The report is devoted to providing market updates on the relevant segments and commodities in the Global Drone Surveillance Platform Market. This report is designed to provide accessible and relevant data for different audiences, including demand-side and supply-side decision-makers, procurement officers, policy-makers, retailers, investors, manufacturers, producers, and other market participants. This study outlines the important aspects concerned with the Global Drone Surveillance Platform Market. It presents a detailed view of the major Global Drone Surveillance Platform markets thereby providing up-to-date information on their latest market situation, policies designed by the major markets for better production and boosting revenue growth, and support by the government to improve the Global Drone Surveillance Platform Market.
Multirotor Drone Segment Witnessed More Lucrativeness
Based on type, the Drone Surveillance Platform Market is divided into 3 segments – multirotor, fixed wing and hybrid. Among these, the multirotor drone segment witnessed more profitability and is anticipated to record substantial market growth with highest CAGR in the forecast years 2018-2028. The key factors such as increasing demand and rising use of drones in pipeline monitoring and inspection, offshore operations monitoring, and solar panel inspection has increased the demand of multirotor drone in global Drone Surveillance Platform Market. Additionally, hybrid drones are also becoming increasingly popular and is anticipated to grow at a significant CAGR during the forecast period.
Pipeline Monitoring and Inspection to Remain Atop
By application, the Drone Surveillance Platform market was led by the Pipeline Monitoring and Inspection in 2020, and is projected to maintain its dominance during the forecast period. This is because of the rise in demand of drones in new oil rigs and exploration activities.
North American Region Poised for Rapid Growth
North America is the biggest regions that contributed majorly to the growth of global Drone Surveillance Platform Market. This is because there is huge need of pipeline and offshore inspection and surveillance activities. The US has the world’s largest pipeline which is why there is a huge demand for the drones.
The Asia Pacific region is also expected to have a great CAGR owing to the huge population and increasing technological advancements in that region. Besides there are several key players in the market such as Terra Drone Corp., Australian UAV Pty Ltd.
The increasing need for monitoring things, surveillance due to the complex nature of things, inability reach remote places is improving the reliance on drone surveillance platform further the development of global drone surveillance platform market.
Owing to benefits such as easy manoeuvrability at remote locations, brilliant image capturing with infrared cameras, reduced manpower, life-saving, maximized efficiency, minimized manpower, better inspections and decreased costs, the drone surveillance platform is experiencing rapid adoption as opposed to traditional human surveillance approaches, thus fostering remarkable progress in global surveillance platform market. Drones are economical and help immensely in the process of inspection boosting the Global Drone Surveillance Platform Market growth.
It also helps save human life, manpower, ensure situational follow-up, and enhanced team responsiveness which encourage further adoption of drone surveillance platform. These factors are resulting into impressive growth of global Drone Surveillance Platform market.
The factors such as rising adoption of technology and growth in digitization among corporates to improve efficiency and reduce the complexities is one of the reasons for global Drone Surveillance Platform market gaining traction. Additionally, the rising number of wind turbines in the world is likely to drive the growth of this global Drone Surveillance Platform market because of the need to inspect these turbines.
Drones are flying robots that can be controlled using software or controller and an integrated hardware. Drones are highly useful because they can do a variety of work ranging from monitoring, surveillance, delivery, attacks etc. Increasing demand for surveillance and accurate inspection devices is responsible for the growth of Drone Surveillance Platform Market.
Improvements in AI technology have made software performance better thereby resulting into better inspection and surveillance. Additionally, improved results with less decreased costs are expected to drive the market growth.
However, lack of skilled remote drone pilots hinders the Drone Surveillance Platform Market growth. Nevertheless, Drone Surveillance Platform Market has the growth prospects, because of the increasing need of highly efficient systems to reduce complexities is anticipated to be growth opportunity to the global Drone Surveillance Platform Market.
The major players in Global Drone Surveillance Platform Market are Texo, Australian UAV, Avitas Systems, Viper Drones, Tera Drone, Sphere Drones, Sky-Futures, SEIKEY, Percepto, Mistras Group, Martek Aviation, Cyberhawk Innovations, BAE Systems, Azure Drone SAS, Airobotics, Aesthetix Global, and Aerodyne Group among others.
Latest Innovations in the Global Drone Surveillance Platform Market: A Snapshot
- Light detection and ranging (LIDAR) unmanned aerial systems (UAS) are being highly used.
- Indian Oil Corporation is using drones to inspect the pipelines across the country.
- Qualcomm Technologies has enabled low power computing and camera systems integrated with AI for long range drones.
Drone Surveillance Platform Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 476.5 Million|
|Growth Rate||CAGR of 18.9% during 2021-2028|
|Segment Covered||Type, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||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)|
Key Segments of the Global Drone Surveillance Platform Market
Type Overview, 2018-2028 (USD Billion)
- Multi Rotor
- Fixed Wing
Application Overview, 2018-2028 (USD Billion)
- Pipeline Monitoring and Inspection
- Offshore Platform Inspection
- Wind Turbine Inspection
- Power Plant Inspection
- Solar Panel Inspection
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa