Utility Drone Market Insights, Share & Growth Trends 2024 to 2029

1. Global Utility Drone Market Research Report: Forecast (2024-2029) Get a Free Sample of the Report Include FY2025-30:

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4. Market Insights The Global Utility Drone Market is valued at around USD 318 million in 2023 and is estimated to grow at a CAGR of around 29.12% during the forecast period, i.e., 2024-29. The market growth is likely to be driven primarily by the mounting need to reduce outages associated with power infrastructures, coupled with enhancing the cost & time efficiency in asset management & reachability at hazardous locations. The commercial use of drones is anticipated to display an exponential rise in the coming years as numerous start-ups are emerging across developing economies.

5. Market Challenge Government Regulations to Create Challenge in the Adoption of Utility Drone Worldwide – Drones are widely used worldwide for commercial, military & defense, and civil applications. The drone industry and end-users have witnessed severe limitations by the government on drone flying in numerous countries like Egypt, India, Bhutan, etc., during the historical years. Some countries allow commercial flights for small drones BVLOS and some mandatory flight licenses. These stringent laws & mandatory laws by the governments of various parts of the world are hampering the adoption rate of utility drones & impacting the overall market growth.

6. Market Segments • By Type : (Multi Rotor, Fixed Wing), • By Services : (End-to-End Solution, Point Solution), • By End User: (Power Vertical [Power Generation, Power Transmission], Renewable Vertical [Wind, Solar]), • By Application: (Real-time Monitoring, Risk Identification & Management, Asset Management, Predictive Maintenance, Others), • By Region: (North America, South America, Europe, Middle East & Africa, Asia-Pacific),

7. Top Companies Asset Drone, Cyberhawk, ABJ Drones, Terra Drone, Measure, Sharper Shape, SkyScape, ULC Robotics, Sky-Futures, PrecisionHawk and other

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