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Sep 24, 2020 (The Expresswire) —
The ease of monitoring through surveillance drones is driving the global drone surveillance market, says Fortune Business Insights in a report, titled”Drone Surveillance Market” for Energy Industry size, share and Global Trend By Type (Multirotor, Fixed wings, Hybrid), By Applications (Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Inspection of Power Distribution Lines, Solar Panel Inspection), and Geography Forecast till 2026”. Drones are capable of reaching places where humans cannot, data collection with the help of surveillance drones is a factor boosting the global drone surveillance market.

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Key Market Driver Ease of monitoring, inspection and data collection from plants and transmission lines

Key Market Restraint Lack of regulations and the high cost involved for drone surveillance

Top Players Overview:

  • BAE Systems

  • Airobotics

  • Airware

  • Sharper Shape Inc.

  • Sky-Futures

  • Unmanned Expertss

  • Phoenix LiDAR Systems

  • Sphere Drones

  • Martek Aviation

Launch of Drone Services by Baker Hughes to Resolve Methane Leaks Will Encourage Growth

Baker Hughes, a subsidiary of GE, became the first company in the oil and gas industry to initiate the use of drones as a tool to reduce the industry’s carbon emissions. The new platform is called Lumen and is combined with flying technology and solar-powered sensors, which gives a clearer picture of fugitive methane emissions to the facility personal. The launch of Lumen is predicted to give prospects to the drone surveillance capabilities. This will, in turn, boost the global drone surveillance market. In addition, the launch of patang, a tethered drone is predicted to contribute positively to the global drone surveillance market. For instance, Public sector defense electronics firm in India BHEL has successfully built a tethered drone in collaboration with Anna University. The drone is named patang, which can fly for several hours with the help of tethered power station at an altitude of 100metre. The drone is built to withstand harsh environments.

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/drone-surveillance-market-for-energy-industry-100511

Inspection and Data Collection with The Help of Drones Will Fuel Demand

The global drone surveillance market on the basis of type is segmented into the multirotor drone, fixed-wing drone and hybrid drone. The advantage of a higher level of maneuverability makes the multirotor segment hold a big share in the global drone surveillance market. Further, the global drone surveillance market on the basis of its applications is segmented into pipeline monitoring and inspection, offshore platform inspection, wind turbine inspection, power plant inspection, inspection of power distribution lines, solar panel inspections and others. Out of the above applications, drone surveillance is most used in pipeline monitoring and inspection and is predicted to grow remarkably during the forecast period. Furthermore, the ease of monitoring with the help of surveillance drones and inspection and data collection from plants and transmission lines are factors practiced to boost the drone surveillance revenue. However, the high cost involved in drone surveillance services is predicted to restrict the growth of the global drone surveillance market.

Increasing Exploration Activities Will Encourage Growth in Asia Pacific

Geographically, the global drone surveillance market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to dominate the global drone surveillance market during the forecast period owing to the increasing exploration activities and also laying of new transmission lines in emerging nations such as India and China. In Latin America, the use of drone surveillance has increased over the years with Mexico coming up as the fastest-growing market. For instance, in 2017, Skyx drone completed the inspection of more than 100 kilometres of gas pipeline in Mexico, identifying more than 200 abnormalities in the pipeline, therefore reducing the cost and increasing the accuracy compared to manual inspection for the company.

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Key Segmental Overview:

1. By Type

  • Multirotor

  • Fixed wings

  • Hybrid

2. By Application

  • Pipeline Monitoring and Inspection

  • Offshore Platform Inspection

  • Wind Turbine Inspection

  • Power Plant Inspection

  • Inspection of Power Distribution Lines

  • Solar Panel Inspection

  • Others

3. By Geography

  • North America (The USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)

Key Industry Developments

  • In May 2020, AviSight a US-based unmanned industrial inspection and data solution provider announced the addition of two giants in the industry to its board of members namely Marvin E Odum former chairman and CEO of Shell company and Gary.L.Thomas former President and CEO of EOG Resource Inc.

  • In February 2020, Public sector defence electronics firm in India BHEL has successfully built a tethered drone in collaboration with Anna University. The drone is named patang, which can fly for several hours with the help of tethered power station at an altitude of 100metre. The drone is built to withstand harsh environments.

  • In January 2020, Baker Hughes was the latest player in the oil and gas industry to start using the drone for surveillance. The drone was named Lumen which combines flying technology with ground-based, solar-powered sensors to give facility personal a clearer picture of fugitive methane analysis.

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Major Table of Content ForDrone SurveillanceMarket:

  1. Introduction

  2. Executive Summary

  3. Market Dynamics

  4. Key Insights

  5. Global Drone Surveillance Market Analysis, Insights and Forecast, 2026

  6. North America Drone Surveillance Market Analysis, Insights and Forecast, 2026

  7. Europe Drone Surveillance Market Analysis, Insights and Forecast, 2026

  8. Asia Pacific Drone Surveillance Market Analysis, Insights and Forecast, 2026

  9. The Middle East and Africa Drone Surveillance Market Analysis, Insights and Forecast, 2026

  10. Latin America Drone Surveillance Market Analysis, Insights and Forecast, 2026

  11. Competitive Landscape

  12. Company Profile

  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/industry-reports/drone-surveillance-market-100511

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Drone Surveillance Market for Energy Industry Segmentation, Research Methodology And Revenue Growth Forecast Till 2026 | Fortune Business Insights

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