Drones in Energy (Sector) Market to Reach USD 2547.4 Million by 2034 | CAGR of 16.4%

Published Date: July 2024

According to the research report, the global drones in energy market size was valued at USD 640.4 Million in 2024 and is expected to reach USD 2547.4 Million by 2034, growing at a CAGR of 16.4%

The application of drones in the energy sector has increased in the study of infrastructure relating to solar panels, power lines, wind turbines, and oil and gas installations. Such equipped drones, with their specialized technologies—including thermal imaging sensors and high-resolution cameras—can detect damage, malfunction, or garner information that might be hazardous or difficult for humans to collect. They can also track changes in the environment, respond to emergencies, and conduct aerial studies on potential sites for new energy projects.

The role of drones could be greater in the energy sector with technological progress, and that will be associated with increased safety and a reduction in operational costs. The technology making drones possible for energy-related applications is changing daily; modern drones come equipped with specialized sensors, including thermal imaging cameras, high-resolution cameras, LiDAR systems, and others.

This drone market in the energy sector is characterized by innovation in technology, intense competition, and high growth. In order to sustain competition, businesses diversify their service offerings with a focus on sustainability while increasing their footprint across the globe.

Some of the Key Market Players:

  • Microdrones
  • DJI
  • Aibotix GmbH Limited
  • Drone America
  • Draganfly Innovations Inc.
  • ING Robotic Aviation
  • Aeryon Labs Plc.
  • AeroVironment, Inc.
  • Ascending Technologies Inc.
  • Univision

Recent Advancements

  • In July 2024, Perceptual Robotics Unveiled Next-Generation AI for Renewable Energy. Perceptual Robotics introduces new AI-driven damage classification and offshore services, enhancing wind energy inspection capabilities.

Drones are changing the entire energy industry by increasing the usage of wind turbines, enabling early damage diagnosis, reducing downtime, and prolonging the operating life of wind farms. Other than that, drones are useful in collecting data related to wind conditions in real time, which allows for automatic blade maintenance and cleaning. It also enhances efficiency while improving safety by reducing the accident and death toll where drones can reach areas that are difficult to reach like wind turbine blades, high-voltage power lines, and oil and gas pipelines. Some future advances include autonomous inspections, BVLOS operations, and AI integration. While the word on everyone's lips in the use of drones within the energy sector is 'asset management', there are still problems in handling huge numbers, complex operations, data overload, and integration with existing systems. Drone asset management and the smoothing of operations can be developed under solutions that use cloud-based storage, data analytics platforms, and drone management software.

Fixed-wing drones have more time and range, but VTOL—all with multi-rotor drones—goes well for inspections in the energy sector. Fixed-wing drones offer more time and range for inspection, but takeoff and landing require a runway. VTOL drones preserve the finest characteristics of both kinds, essential in flying long distances or doing intricate acrobatics. Other infrastructure inspection technology tools include thermal imaging and high-definition cameras that may identify temperature signatures, corrosion, and cracks. LiDAR is another remote sensing technique using lasers to generate accurate 3-D models of infrastructure. Damage assessments, corrosion, and safety hazards to wind turbines, pipelines, and power lines are provided by drones used for data collection, mapping, inspection, and energy-related maintenance activities. Drones with cameras and advanced LiDAR sensors could eventually use very helpful mapping of the energy infrastructure down to the slightest detail, which would help in solving problems and bringing new initiatives.

North America leads the drone technology business, especially in the energy sector, with companies like DJI and Skydio developing software and offering services. It is also developing the required laws and rules for its effective and safe usage. Government programs on sustainable energy and tough landscapes in landscapes are paving the way for the expansion of drone technology in the Asia Pacific region. Maintenance, surveillance, and inspection become the major application areas for drones, and this cuts the cost of operation while enhancing security.

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