Inspection Drones Market
Industry: IT and Telecommunication
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32178
Drones are well known for their use of aerial photography, but drones are also being used for inspection purposes. Within industries, the inspection process mostly involves the use of ladders, ropes and rigs to scale large machinery and towers oversee processes and locate bottlenecks. Also, this type of inspection process too risky for inspectors. To perform effective and risk free inspection process, drone inspections are being performed in almost every industry that requires visual inspections as part of its maintenance procedures.
Inspection drones collect visual data on the condition of an asset. Drone inspections help inspectors avoid having to place themselves in dangerous situations. The drone inspection process is more efficient, cost-effective and safe that gives better, closer monitoring and control, without interrupting other business operations. The rising adoption of inspection drones in industrial sector would propel the market growth in coming years.
Coronavirus pandemic has forced the industries to change the way of managing their workforces and assets. The pandemic has changed the way that people interact and businesses operate. In a world where lockdown measures and social distancing have become the norm, contactless drone inspections will become more valuable to insurers. The demand for industrial inspection drones has risen in the wake of the coronavirus pandemic in a bid to aid social distancing efforts. The inspection drone market has shown significant growth during the pandemic, it is expected that the growth will increase by nearly 6% - 8% in Q1-Q3 2020. Drones are particularly useful for inspecting large-scale and difficult-to-reach infrastructure as well as vast areas of land. Thus the adoption of inspection drone will reduce costs, minimize human involvement, and make work safer amid the COVID-19 lockdowns.
Ensuring Human Safety in Construction and Critical Infrastructure
The military and defense landscape has been long using inspection drones for border security purposes. Besides this, several commercial areas of economic and human welfare now find the use of inspection drones, such as construction and infrastructure industries. Critical infrastructure such as bridges in urban areas require periodic inspections, which are mandated by various regulations in most countries to safeguard against cracks, rust, or any other damages.
In addition, increased demand in the inspection drones market for critical infrastructure inspection is mainly attributed to the fact that, drone inspection has emerged as a savior for several pain points within the inspection and survey space. For instance, in the U.K, from the perspective of public health and safety, figures pertaining to work-related fatalities are disturbing. On an average, 25% workplace injuries are related to falls from heights, which are decreasing as compared to previous years. Thus, the rising adoption of inspection drones for ensuring human safety would drive the market growth.
Technological Advancements and Extensive R&D to Open New Scopes of Applications for Inspection Drones.
The usage of drones in business operations has broadened in different industries in the last few years due to their ability to drive efficiency and data analytics. With the increasing demand for inspection drones in a wide range of industrial areas, such as oil & gas, power & energy, and military & defense, where security is a sensitive matter of concern. This, however, will require drones to display added functionalities for varied applications beyond the current applications of surveillance, aerial photography, deliveries, and asset inspections.
Currently, an array of thermal cameras, GPS technology, and scanners are common features of advanced inspection drones. Companies are continuously trying to develop advanced drones by integrating various technologies such as accelerometers, gyroscopes, GPS receivers, LiDAR, thermal, infrared sensors and inertial measurement unit (IMU) sensors to detect objects and maneuver around obstacles. As such, extensive research & development (R&D) is likely to become an inevitable business strategy for stakeholders to maintain their lead in the inspection drones market.
Regional Overview: Asia Pacific to Record the Highest Growth Rate during the Forecast Period
North America is expected to hold the maximum share of the global inspection drones market during the forecast period, due to the early adoption of inspection drones in the region. South America and the Middle East & Africa hold a minor market share each. However, these regions are projected to provide lucrative opportunities in the inspection drones market, during the forecast period.
On the other hand, developing countries in Asia Pacific that are undergoing modernization and adopting advanced aerial inspection devices with new technology, are also witnessing increase in the demand for inspection drones. This, in turn, is driving the global inspection drones market.
Key players in the inspection drones market are focusing on product innovation and strategic partnerships with the technology vendors to collaborate for offering advanced inspection drones to enhance wearable scanning systems. The major players offering inspection drones solutions include 3D Robotics, Acecore Technologies, AeroVironment, Airobotics, Aeryon Skyranger, Lockheed Martin, Yuneec International, AltiGator, Yuneec International, among others.
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