"A research report on Utility Drones Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.

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Global Utility Drones Market Overview

Global utility drones market is forecast to grow at a CAGR of over 30% during the forecast period, owing to rising demand to minimize service time and cost efficiency and increase reachability in dangerous locations. Few years back, drones were mostly used in military and defense industry; however, their adoption is growing to a wide range of civilian roles, starting from surveillance, search and rescue, firefighting, traffic monitoring and weather monitoring, to business drone-based and personal drone-based agriculture, videography, photography and even delivery services. Utility drones are expected to have a huge impact in the power & utility sector over the next few years. Operators in the energy industry are finding the drone technology quick, accurate, cost-effective and easy, owing to powerful computers, improved efficiency and affordable drone technology, which in turn is boosting the utility drones market growth, globally.

Global Utility Drones Market Segment Insights

Based on type, global utility drones market has been categorized into multi-rotor and fixed wing. The multi-rotor type accounted for largest share in the global market in 2018 and is anticipated to maintain its market dominance during the forecast period, as they are cheap and readily available in the market. The multi-rotor drones are also used for aerial inspection and photography, which is expected to boost its growth during the next five years.

Global Utility Drones Market Regional Insights

North America accounted for a significant portion of the global utility drones market in 2018. The regional growth can be attributed to increasing emphasis on research & development activities and presence of major vendors, particularly in countries such as the US and Canada. Moreover, innovations in drone analytics along with favorable government regulations in the region are anticipated to fuel the regional market. The Asia-Pacific region with its emerging economies such as China and India is also anticipated to offer lucrative growth opportunities to utility drone providers. Increasing private funding and investments in the development of power infrastructure, establishment of long transmission lines and adoption of renewable energy sources are the primary factors likely to positively influence the utility drones market in the region.

Some of the leading players in global utility drones market are Aerodyne SYSTEMS SDN BHD, Asset Drone, Cyberhawk Innovations Limited, ABJ Drones, etc.

Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:
• To analyze and forecast global utility drones market size.
• To forecast global utility drones market based on type, services, end-user and regional distribution.
• To identify drivers and challenges for global utility drones market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global utility drones market.
• To conduct the pricing analysis for global utility drones market.
• To identify and analyze the profile of leading players operating in global utility drones market.

Some of the leading players in global utility drones market are Aerodyne SYSTEMS SDN BHD, Asset Drone, Cyberhawk Innovations Limited, ABJ Drones, Delair, Terra Drone Corporation, Sky-Futures Ltd., Measure, Hemav, Sharper Shape Ltd., etc.

SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of manufacturers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the manufacturers which could not be identified due to the limitations of secondary research. SDKI analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

SDKI calculated global utility drones market size using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by SDKI.

Key Target Audience:
• Utility drone manufacturers, distributors, suppliers and end users
• Government bodies such as regulating authorities and policymakers
• Organizations, forums and alliances related to utility drones market
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:
In this report, global utility drones market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Type:
o Multi-Rotor
o Fixed Wing
• Market, by Services:
o End-to-End Solution
o Point Solution
• Market, by End-User:
o Power
 Generation
 Transmission & Distribution
o Renewable
 Solar
 Wind
• Market, by Region:
o Asia-Pacific
 China
 India
 Japan
 South Korea
 Australia
 Indonesia
 Malaysia
o Europe
 France
 Germany
 United Kingdom
 Italy
 Spain
o North America
 United States
 Mexico
 Canada
o South America
 Brazil
 Argentina
 Colombia
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Qatar
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