The MarketWatch News Department was not involved in the creation of this content.
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.
Request a Sample Copy of the Global Market Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/drone-surveillance-market-for-energy-industry-100511
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
- Sharper Shape Inc.
- 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.
Request for Customization:https://www.fortunebusinessinsights.com/enquiry/customization/drone-surveillance-market-100511
Key Segmental Overview:
1. By Type
- Fixed wings
2. By Application
- Pipeline Monitoring and Inspection
- Offshore Platform Inspection
- Wind Turbine Inspection
- Power Plant Inspection
- Inspection of Power Distribution Lines
- Solar Panel Inspection
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.
Have any Query? Speak to Analyst at:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/drone-surveillance-market-100511
Major Table of Content ForDrone SurveillanceMarket:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Drone Surveillance Market Analysis, Insights and Forecast, 2026
- North America Drone Surveillance Market Analysis, Insights and Forecast, 2026
- Europe Drone Surveillance Market Analysis, Insights and Forecast, 2026
- Asia Pacific Drone Surveillance Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Drone Surveillance Market Analysis, Insights and Forecast, 2026
- Latin America Drone Surveillance Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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.
(Have a Look at Reports Trending in “Energy and Power”Industry)
View Related Reports:
Cyber Security Market Size, Industry Share, Total Revenue Growth Rate by Key Players Forecast Till 2026
5G Infrastructure Market Size, Share, Revenue And Growth Rate Till 2026 | Fortune Business Insights
Kiosks Market Size, Industry Share and Total Revenue Growth Rate Till 2026 | Fortune Business Insights
What will be the CAGR Value for Coal Bed Methane Market in 2026? Fortune Business Insights
Solar Street Lighting Market Development, Key Opportunity, Application and Forecast to 2026 | Fortune Business Insights
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs
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
Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.