Renewable Drones Market 2030 by Drone Type (Multirotor, Fixed Wing), Solution (End-to-End Solution, Point Solution), End-User (Solar (Solar PV and Solar CSP), Wind) and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits.

Industry : Energy & Power | Pages : 181 Pages | Published On : Mar 2024

         
     

The Renewable Drones Market was valued USD 47.5 Billion in 2023 and projected to reach USD 220.2 Billion by 2030, growing at a CAGR of 24.5% during the forecast period of 2023-2030.

Renewable Drones Market Size


Graph
             2022                         2023 to 2030      

ReportDetails
Market Size ValueUSD 47.5 Billion in 2023
Market Size ValueUSD 220.2 Billion by 2030
CAGRCAGR of 24.5%
Forecast Period2023 to 2030
Historic Data2022
Segments CoveredDrone Type, Solution, End User and Region
Geographics CoveredNorth America, Latin America, Europe, Asia-Pacific, Rest of the World

Major vendors in the global Renewable Drones Market are ABJ Drones, Above Surveying, Aerospec Technologies, Airpix, AirProbe, ARBOREA INTELLBIRD, Balmore Group, Cognite, CSP Services, Cyberhawk, DJI Enterprise, DroneDeploy, Droneflight, Flyability, FORCE Technology, GarudaUAV, Helvetis, ideaForge, Measure Australia, NanoNet Technologies, Parrot Group, PrecisionXYZ, Raptor Maps, ROBUR Industry Service Group, Siemens, Sitemark, Singulair, Skylark Drones, SkySpecs, SPH Engineering, Sulzer Schmid Laboratories and Others.

Market Overview

The Renewable Drones market is witnessing robust growth, propelled by the expanding renewable energy sector and the increasing need for efficient operations and maintenance of renewable energy assets. These drones, equipped with advanced technologies such as sensors, cameras, and data analytics tools, play a pivotal role in monitoring and inspecting solar and wind farms. The demand is driven by the growing global emphasis on sustainable energy sources and the need to maximize the performance and lifespan of renewable infrastructure. Key applications include aerial inspections, thermographic inspections, and data collection for precise analysis. Companies operating in the Renewable Drones market are focusing on technological innovations, such as AI-powered analytics and improved battery life, to enhance the capabilities of drones and provide comprehensive solutions for renewable energy asset management. With the renewable energy sector's continual expansion, the Renewable Drones market is poised for sustained growth, contributing to increased efficiency and sustainability in the management of renewable energy resources.

Rising adoption of drones to reduce cost of inspection operation

The Renewable Drones market is experiencing a surge driven by the rising adoption of drones, specifically aimed at reducing the operational costs associated with inspections. Drones offer a cost-effective alternative to traditional inspection methods, enabling efficient monitoring and maintenance of renewable energy assets such as solar and wind farms. The use of drones minimizes the need for manual labor and allows for swift, accurate, and comprehensive data collection, leading to substantial cost savings in inspection operations. This cost-effectiveness, coupled with the increasing focus on maximizing efficiency in the renewable energy sector, positions the adoption of drones as a significant driver propelling the growth of the Renewable Drones Market.

Market Dynamics

Drivers:

  • Rising adoption of drones to reduce cost of inspection operation
  • Rising number of government initiatives to promote use of clean energy

Opportunities:

  • Growing construction of solar and wind farms
  • Growing population and rapid industrialization rate

Growing construction of solar and wind farms

The burgeoning construction of solar and wind farms presents a significant opportunity for the Renewable Drones market. As the global emphasis on renewable energy intensifies, the construction and expansion of solar and wind farms are on the rise. Drones offer a valuable solution for efficiently overseeing and inspecting vast and often remote renewable energy installations. They contribute to streamlined project management, precise site assessments, and swift identification of potential issues, thus enhancing the overall construction process. The demand for Renewable Drones is poised to escalate, driven by the increasing need for reliable, technologically advanced tools to support the rapid growth of solar and wind energy infrastructure.

The market for Renewable Drones is dominated by North America.

North America stands as a dominant force in the Renewable Drones market, spearheading advancements in the deployment of unmanned aerial vehicles for renewable energy applications. The United States and Canada, key players in this dominance, showcase a robust adoption of renewable energy technologies, driving the demand for efficient drone-based solutions. In the U.S., extensive solar and wind farm developments are fueled by government incentives, environmental concerns, and a push toward sustainable energy. Canada, with its vast and diverse geography, relies on drones for monitoring and maintaining renewable installations in remote areas. The region's leadership is marked by a matured drone ecosystem, technological innovations, and regulatory frameworks that facilitate the seamless integration of drones in renewable energy operations. As North America continues to lead in renewable energy adoption, the Renewable Drones market is poised for sustained growth, shaping the landscape of sustainable energy management.

The Multirotor Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Based on Drone Type the Renewable Drones market is segmented into Multirotor and Fixed Wing. The Multirotor segment is poised to dominate and gain the largest market share in the broader field of unmanned aerial vehicles (UAVs) within the Multirotor category. The increasing adoption of Multirotor drones is driven by their versatility, agility, and suitability for various applications. These drones, equipped with multiple rotors, offer enhanced stability and maneuverability, making them ideal for tasks such as surveillance, monitoring, and inspection. Their dominance is further fueled by advancements in technology, including improved battery life and sensor capabilities. The Multirotor segment's versatility allows for applications in industries such as agriculture, construction, and energy. As demand grows for precise data collection and real-time monitoring, the Multirotor segment is positioned as the go-to solution, driving its ascendancy and ensuring its status as the leading force in the diverse landscape of unmanned aerial vehicles.

Major Segmentations Are Distributed as follows:

  • By Drone Type:
    • Multirotor
    • Fixed Wing
  • By solution:
    • End-to-End Solution
    • Point Solution
  • By End-User:
    • Solar (Solar PV and Solar CSP)
    • Wind
  • By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • U.K.
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Indonesia
    • Malaysia
    • Vietnam
    • Australia & New Zealand
    • Rest of Asia Pacific
    • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Nigeria
    • Egypt
    • Israel
    • Turkey
    • Rest of MEA

 Recent Developments

  • In June 2020, Siemens Gamesa won a contract from Trianel Windkraftwerk Borkum II GmbH & Co. KG for a 5-year full scope offshore service and maintenance of Trianel Windpark Borkum II. The installation of the 32 Senvion 6.33-MW turbines was completed in May 2020. TWB II has a total output capacity of 200 MW and produces clean energy for around 200,000 households per year.
  • In June 2020, Terra Drone opened a new base, named Terra Drone Technology Malaysia Sdn Bhd (TDMY), in Kuala Lumpur, Malaysia. TDMY will be providing drone survey, inspection, and industrial services for multiple industries, such as oil & gas, telecommunications, power, construction, agriculture, and government agencies.

Answers to Following Key Questions:

  • What will be the Renewable Drones Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the Renewable Drones Market?
  • What are the main forces behind worldwide Renewable Drones Market? Which companies dominate Renewable Drones Market?
  • Which companies dominate Renewable Drones Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the Renewable Drones industry's suppliers' opportunities and dangers in Renewable Drones Market?
  • What is the Renewable Drones regional sales, income, and pricing analysis? In the Renewable Drones Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Renewable Drones Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for Renewable Drones Market?
  • What are the dominant revenue-generating regions for Renewable Drones Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Renewable Drones Market trends that are influencing the market's expansion?
  • Which key product categories dominate Renewable Drones Market? What is Renewable Drones Market’s main applications?
  • In the coming years, which Renewable Drones Market technology will dominate the market?

 Reason to purchase this Renewable Drones Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global the Renewable Drones Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different the Renewable Drones Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global the Renewable Drones Market , providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global the Renewable Drones Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top the Renewable Drones Market  providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
    5. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  3. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
    7. Pricing Analysis
      1. Pricing Analysis, By Products
      2. Average Pricing Benchmark Analysis
  4. Renewable Drones Market, By Drone Type
    1. Multirotor
    2. Fixed wing
  5. Renewable Drones Market, By solution
    1. End-to-end solution
    2. Point solution
  6. Renewable Drones Market, By End User
    1. Solar
      1. Solar PV
      2. Solar CSP
    2. Wind
  7. Renewable Drones Market, By Geography
    1. Renewable Drones Market, North America
      1. U.S.
      2. Canada
    2. Renewable Drones Market, Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Renewable Drones Market, Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Renewable Drones Market, Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Renewable Drones Market, Rest of the world
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  8. Competitive Analysis
    1. Introduction
    2. Top Companies Ranking
    3. Competitive Landscape
      1. Competition Dashboard
      2. Market Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. Terra Drone (Japan)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. DJI Enterprise (China)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Aerodyne Measure (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. Parrot Group (France)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. DroneDeploy (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. DRONE VOLT Group (France)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. ABJ Drones (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Sitemark (Belgium)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. Airpix (India)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. PrecisionXYZ (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. Skylark Drones (India)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. FORCE Technology (Denmark)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. Flyability (Switzerland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Above Surveying (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Droneflight (UK)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      16. SPH Engineering (Latvia)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      17. Siemens (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      18. SkySpecs (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      19. Cognite (Norway)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      20. Raptor Maps (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      21. NanoNet Technologies (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      22. Singulair (France)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      23. ARBOREA INTELLBIRD (Spain)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      24. GarudaUAV (India)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      25. AirProbe (India)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      26. Measure Australia (Australia)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      27. Sulzer Schmid Laboratories (Switzerland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      28. Helvetis (Switzerland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      29. CSP Services (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      30. Cyberhawk (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      31. ideaForge (India)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      32. ROBUR Industry Service Group (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      33. Balmore Group (Scotland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      34. Aerospec Technologies (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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