Drones in Energy Market Size is Expected to be USD 2547 Million by 2034; The Increased Safety of Drones Fuels the Drones in Energy Market Growth

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Published Date: February 2025

Drones are revolutionizing the energy sector by providing cost-effective, high-resolution inspection, monitoring, and maintenance of infrastructures, such as power lines, wind turbines, solar panels, and oil and gas facilities, enhancing safety and market expansion. Drones are becoming more prevalent in the energy sector as they are safer, more efficient, and can perform tasks that are difficult or dangerous for humans.

Drones in Energy Market Segmentation Analysis:

By Drone Type	Multi-Rotor Drones, Fixed-Wing Drones, and VTOL (Vertical Take-Off and Landing) Drones
By Technology	High-Definition (HD) and Thermal Imaging Cameras, and LiDAR (Light Detection and Ranging)
By Application	Inspection & Maintenance, Mapping & Surveying, and Data Collection
By End-User	Oil & Gas, Power Generation, and Renewables

Drones in Energy Market Report Highlights:

Drones in energy market size accounted for USD 640.6 Million in 2024.
Target market estimated to be USD 2547 Million by 2034 and to register a CAGR of 16.4%.
On the basis of drone type, the multi-rotor drones segment is expected to dominate the market over the projected period.
Based on technology, the LiDAR segment is leading the market.
Application-wise, the inspection & maintenance segment holds the largest drones in energy market share.
By end-users, renewables segment held the largest share of the market.
Geographically, North America is the region which governs the energy in drone market.

Drones in Energy Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Improved Access Of Drones In Hard-To-Reach Areas	Weather Dependency Of Drones	Using Communication Technologies With Drones

Drones in Energy Market Key Highlights:

In March 2023, Field acquired PrecisionHawk, an AI drone technology company. Field has announced the acquisition of PrecisionHawk, a U.S.-based artificial intelligence (AI) and drone technology firm focused on infrastructure management. PrecisionHawk, which has a premium client list of Fortune 500 firms, complements Field's international growth plan, notably its expansion in the U.S.

Drones in Energy Market Report Analysis:

Modelling of Drone Energy Consumption

Due to the limited energy provided by the lithium polymer (LiPo) batteries, which are typically installed on mini drones, the energy consumption of each drone plays a critical role in determining its figure of merit. To account for the drone’s limited battery capacity, numerous algorithms have been proposed in the literature to assist in optimizing the different aspects of the energy considerations.

Nevertheless, the most studies do not analyze the battery according to its actual performance. The most drone travel models impose time and/or distance limits. Some of the studies assume that the energy consumption is constant per unit of time or traveled distance; hence the drone energy consumption is modeled as a linear function of time or traveled distance. Also many models assumes the motor draining power at a 1:1 ratio to the battery.

However, this is not correct since a battery supplies power with different efficiency values depending upon its state of charge (SOC). Many models have been proposed in the literature with respect to the energy consumption, and they also consider a variety of parameters, aspects and missions, such as optimal path planning, path following control, battery-awareness and battery performance, target tracking, UAV-enabled mobile edge computing, UAV-enabled multicasting and drone’s component models.

Browse ∼40 market data tables and ∼45 figures through ∼130 slides and in-depth TOC on “Drones in Energy Market, By Drone Type (Multi-Rotor Drones, Fixed-Wing Drones, VTOL (Vertical Take-Off and Landing) Drones), Technology (High-Definition (HD) and Thermal Imaging Cameras, and LiDAR (Light Detection and Ranging)), Application (Inspection & Maintenance, Mapping & Surveying, and Data Collection), End-User (Oil & Gas, Power Generation, and Renewables), and Region - Trends, Analysis, and Forecast till 2034”

For more insights into the Drones in Energy Market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/drones-in-energy-market-5493

Competitive Landscape of Drones in Energy Market:

The key players operating the drones in energy market include Microdrones, DJI, Aibotix GmbH Limited, Drone America, Draganfly Innovations Inc., ING Robotic Aviation, Aeryon Labs Plc., AeroVironment, Inc., Ascending Technologies Inc., and Univision.