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Global Drone Inspection and Monitoring Market Share, Size, Report, Trends, Analysis, Growth, Forecast: By Solution: Platform, Software, Infrastructure, Service; By Type: Fixed Wing, Multirotor, Hybrid; By Operation Mode: Remotely Piloted, Optionally Piloted, Fully Autonomous; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Drone Inspection and Monitoring Market Outlook
The global drone inspection and monitoring market size reached a value of approximately USD 12.94 billion in 2023. The market is expected to grow at a CAGR of 15.50% between 2024 and 2032, reaching a value of USD 47.21 billion by 2032.
Key Trends in the Market
Drone inspection and monitoring is a process of collecting visual data of a situation for inspection and monitoring purposes through the use of drones. This prevents the need for personnel to visit hazardous or difficult to reach sites such as chemical spills or dangerous mining sites. They are used in various applications including construction and infrastructure monitoring, utilities monitoring, and oil and gas monitoring, among others.
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- The drone inspection and monitoring market demand is rising owing to the benefits offered by the drones such as accuracy, cost-effectiveness, and more efficiency in inspections and monitoring which enhances operational efficiency.
- Technological advancements in drones such as increased range, development of surveillance systems, usage of advanced navigation systems, and increased data storage, among others, are further increasing their use in inspection and monitoring applications.
- The rising focus on the safety of personnel and saving money is further fuelling the demand for drone inspection and monitoring as it prevents the need for workers to visit dangerous or hazardous environments in-person.
Global Drone Inspection and Monitoring Market Analysis
Based on solution, the market is segmented into platform, software, infrastructure, and service. On the basis of type, the market is divided into fixed wing, multirotor, and hybrid. By operation mode, the drone inspection and monitoring market segmentation is remotely piloted, optionally piloted, and fully autonomous. On the basis of application, the market is categorised into construction and infrastructure, oil and gas, mining, agriculture, and utilities, among others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global drone inspection and monitoring market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- AeroVironment, Inc.
- Dronegenuity
- ECA Group
- Guangzhou EHang Intelligent Technology Co. Ltd
- ideaForge Technology Limited
- 3D Robotics
- The Lockheed Martin Corporation
- Parrot S.A.
- Skydio
- YUNEEC Europe GmbH
- Others
Global Drone Inspection and Monitoring Market Share by Application
Construction and infrastructure applications of drone inspection and monitoring are anticipated to observe a rapid growth in the market. This can be attributed to increasing application of drones in the sector for tracking the progress of construction projects, streamlining communication, and making quick decisions, among other uses. The ability of drone inspection and monitoring to keep site workers out of dangerous and hazardous areas is further increasing its demand from the construction sector, bolstering the drone inspection and monitoring market growth.
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Global Drone Inspection and Monitoring Market Share by Region
At a regional level, the Asia Pacific is expected to witness significant growth in the market for drone inspection and monitoring over the forecast period. The increasing demand for border security in countries such as India, China, Japan, and South Korea are heightening the demand for drone inspection and monitoring. Large production and consumption of drones from China has further enhanced the growth of the market in the region.
Competitive Landscape
AeroVironment, Inc. was founded in 1971 and is headquartered in California, United States. This vehicle manufacturing company is known for designing and manufacturing unmanned aerial vehicles for consumers globally.
Dronegenuity is an information services company that was founded in 2016. The company is headquartered in Massachusetts, United States, and is widely known for providing drone training and commercial aerial photography services, among others.
ECA Group was established in 1936 and has its headquarters located in Lumière, France. An aerospace and defence company, the ECA Group develops and markets simulators, engineering services, and industrial equipment for end-users such as aerospace.
Other market players include Guangzhou EHang Intelligent Technology Co. Ltd, ideaForge Technology Limited, 3D Robotics, The Lockheed Martin Corporation, Parrot S.A., Skydio, and YUNEEC Europe GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Solution |
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| Breakup by Type |
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| Breakup by Operation Mode |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Drone Inspection and Monitoring Market Analysis
8.1 Key Industry Highlights
8.2 Global Drone Inspection and Monitoring Historical Market (2018-2023)
8.3 Global Drone Inspection and Monitoring Market Forecast (2024-2032)
8.4 Global Drone Inspection and Monitoring Market by Solution
8.4.1 Platform
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Infrastructure
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Service
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Drone Inspection and Monitoring Market by Type
8.5.1 Fixed Wing
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Multirotor
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Drone Inspection and Monitoring Market by Operation Mode
8.6.1 Remotely Piloted
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Optionally Piloted
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Fully Autonomous
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Drone Inspection and Monitoring Market by Application
8.7.1 Construction and Infrastructure
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Oil and Gas
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Mining
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Agriculture
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Utilities
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Others
8.8 Global Drone Inspection and Monitoring Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Drone Inspection and Monitoring Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Drone Inspection and Monitoring Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Drone Inspection and Monitoring Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Drone Inspection and Monitoring Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Drone Inspection and Monitoring Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 AeroVironment, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Dronegenuity
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 ECA Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Guangzhou EHang Intelligent Technology Co. Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ideaForge Technology Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 3D Robotics
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Lockheed Martin Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Parrot S.A.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Skydio
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 YUNEEC Europe GmbH
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Drone Inspection and Monitoring Market: Key Industry Highlights, 2018 and 2032
2. Global Drone Inspection and Monitoring Historical Market: Breakup by Solution (USD Million), 2018-2023
3. Global Drone Inspection and Monitoring Market Forecast: Breakup by Solution (USD Million), 2024-2032
4. Global Drone Inspection and Monitoring Historical Market: Breakup by Type (USD Million), 2018-2023
5. Global Drone Inspection and Monitoring Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Global Drone Inspection and Monitoring Historical Market: Breakup by Operation Mode (USD Million), 2018-2023
7. Global Drone Inspection and Monitoring Market Forecast: Breakup by Operation Mode (USD Million), 2024-2032
8. Global Drone Inspection and Monitoring Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Drone Inspection and Monitoring Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Drone Inspection and Monitoring Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Drone Inspection and Monitoring Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Drone Inspection and Monitoring Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Drone Inspection and Monitoring Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Drone Inspection and Monitoring Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Drone Inspection and Monitoring Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Drone Inspection and Monitoring Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Drone Inspection and Monitoring Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Drone Inspection and Monitoring Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Drone Inspection and Monitoring Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Drone Inspection and Monitoring Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Drone Inspection and Monitoring Market Forecast: Breakup by Country (USD Million), 2024-2032
Key Questions Answered in the Report
The global market for drone inspection and monitoring reached a value of approximately USD 12.94 billion in 2023.
The market is expected to grow at a CAGR of 15.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 47.21 billion by 2032.
The key drivers in the market are cost-effectiveness of drones, increasing demand for inspection and monitoring, rising focus on safety, and growing capabilities of drones.
The key trends of the market are technological advancements, increasing accessibility of drones, and widespread adoption by various end-users.
The primary solutions of drone inspection and monitoring are platform, software, infrastructure, and service.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The kay players in the drone inspection and monitoring market, according to the report, are AeroVironment, Inc., Dronegenuity, ECA Group, Guangzhou EHang Intelligent Technology Co. Ltd, ideaForge Technology Limited, 3D Robotics, The Lockheed Martin Corporation, Parrot S.A., Skydio, and YUNEEC Europe GmbH, among others.
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