Renewable Drones Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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  • Renewable Drones Market: Market Segments: By Type (Multirotor and Fixed win); By Application (Telecommunications, Automotive, Industrial, Medical, Military, Defense& Aerospace and Others); By End user (Solar and Wind); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

    Product Overview

    Renewable drones are planned to expand at a rapid pace as the industry focuses on UAV services, line-of-sight applications, ocean-going ship tracking, inspection or wind turbine inspection, inspection of offshore platforms and refineries, monitoring of power lines, and solar panels in the energy sector. As one way to alleviate congestion and enhance air quality in urban areas, passenger drones have been touted. Equipped with thermal cameras, drones make it possible to conduct inspections rapidly and on a scale.

    Market Highlights

    Renewable Drones Market is expected to project a notable CAGR of 26.5% in 2030.

    Renewable Drones Market to surpass USD 152 million by 2030 from USD 42 million in 2019 at a CAGR of 26.5% throughout the forecast period, i.e., 2020-30. The key factors driving the demand for sustainable drones are expected to increase the adoption of drones to reduce the cost of inspection operations based on asset optimization and increasing construction of solar and wind farms.

    Renewable Drones Market: Segments

    Multirotor segment to grow with the highest CAGR during 2020-30

    Renewable Drones Market is segmented by type as multirotor and fixed-wing. The greater market share in 2018 was accounted by multirotor segment owing to various advantages over Fixed wing drones. Vertical takeoffs and landings can be done by multi-rotor planes. For easy inspection, visualization, and modelling, they also need less space to take off can hover mid-flight, and man oeuvre around objects.

    Renewable Drones Market: Market Dynamics

    Drivers

    Growing construction of solar and wind farms

    Sector of renewable energy is among the fastest-growing sectors worldwide. With advanced technology, renewable energy plants are being built at a rapid rate, with a rising demand for clean and sustainable energy. Countries are moving their emphasis from traditional sources of energy toward rising renewable energy production. At a CAGR of more than 21% since 2000, wind power has increased.

    Restrain

    Strict regulations for performing drone operations

    Drones are extremely important to utilities for conducting inspection activities. Legal provisions, however have limited development in the drone industry. In certain cases, such as Behind Visual Line of Sight, over a long distance, or at night, these regulations exclude drone operations in particular.

    Renewable Drones Market: Key Players

    • DJI Enterprise

    Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

    • Terra Drone

    • Cyberhawk Innovations Limited

    • PrecisionHawk

    • ULC Robotics

    • Sharper Shape Inc.

    • Sky Futures

    • Asset Drone

    • YUNEEC

    Renewable Drones Market: Regions

    Renewable Drones Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

    Renewable Drones Market in Asia Pacific held the largest market share of XX.X% in the year 2018 and it is expected to continue its market dominance in the future as the region has a Strong electricity demand owing to an increase in urbanization, industrialization, and population growth. A rapid rise in economic growth will lead to an increase in electricity demand. The region's market is likely to be driven by high investments in renewable energy generation, especially in developing countries such as China and India, and government subsidies for upgrading the renewable energy sector. Owing to the rapidly Aprilreasing prices of solar panels, the area is expected to experience an increase in investment. Due to extensive agricultural land and attempts to minimize the usage of fossil fuel oil, the demand for renewable drones in the Middle East & Africa is expected to grow at a significant pace during the forecast period. Government pollution-free and clean energy policies are also expected to drive the region's green drone market during the forecast period.

    Renewable Drones Market report also contains analysis on:

    Renewable Drones Market Segments:

    By Type:

    • Multirotor

    • Fixed wing

    By Application:

    • Telecommunications

    • Automotive

    • Industrial

    • Medical

    • Military, Defense& Aerospace

    • Others

    By End user:

    • Solar

    o Solar PV

    o Solar CSP

    • Wind

    • Renewable Drones Market Dynamics

    • Renewable Drones Market Size

    • Supply & Demand

    • Current Trends/Issues/Challenges

    • Competition & Companies Involved in the Market

    • Value Chain of the Market

    • Market Drivers and Restraints

    FAQs on Renewable Drones Market

    · Which segment is anticipated to hold the largest market share

    · At what CAGR is the market anticipated to grow between 2020 and 2030

    · Who are the key players in the Renewable Drones Market

    · What could be the challenging factors in the growth of Renewable Drones Market

    · What are the growth drivers for the Renewable Drones Market

     

  • With tables and figures helping analyze worldwide Renewable Drones market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Contents

    1. Executive Summary

    2. Renewable Drones Market
    2.1. Product Overview
    2.2. Market Definition
    2.3. Segmentation
    2.4. Assumptions and Acronyms

    3. Research Methodology
    3.1. Research Objectives
    3.2. Primary Research
    3.3. Secondary Research
    3.4. Forecast Model
    3.5. Market Size Estimation

    4. Average Pricing Analysis

    5. Macro-Economic Indicators

    6. Market Dynamics
    6.1. Growth Drivers
    6.2. Restraints
    6.3. Opportunity
    6.4. Trends

    7. Correlation & Regression Analysis
    7.1. Correlation Matrix
    7.2. Regression Matrix

    8. Recent Development, Policies & Regulatory Landscape

    9. Risk Analysis
    9.1. Demand Risk Analysis
    9.2. Supply Risk Analysis

    10. Renewable Drones Analysis
    10.1. Porters Five Forces
    10.1.1. Threat of New Entrants
    10.1.2. Bargaining Power of Suppliers
    10.1.3. Threat of Substitutes
    10.1.4. Rivalry
    10.2. PEST Analysis
    10.2.1. Political
    10.2.2. Economic
    10.2.3. Social
    10.2.4. Technological

    11. Renewable Drones Market
    11.1. Market Size & forecast, 2019A-2030F
    11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    12. Renewable Drones: Market Segmentation
    12.1. By Regions
    12.1.1. North America:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.2. Europe:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.3. Asia-Pacific:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.4. MEA:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.5. Latin America:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2. By Type: Market Share (2020-2030F)
    12.2.1. Multirotor, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.2. Fixed wing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    12.3 By Application: Market Share (2020-2030F)

    12.3.1. Telecommunications, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.2. Automotive, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.3. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.4. Medical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.5. Military, Defense& Aerospace, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2. By End user: Market Share (2020-2030F)
    12.2.1. Solar, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.2. Wind, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    13. Company Profile
    13.1.1. DJI Enterprise
    13.1.2. Company Overview
    13.1.3. Company Total Revenue (Financials)
    13.1.4. Market Potential
    13.1.5. Global Presence
    13.1.6. Key Performance Indicators
    13.1.7. SWOT Analysis
    13.1.8. Product Launch
    13.2. Terra Drone
    13.3. Cyberhawk Innovations Limited
    13.4. Precision Hawk
    13.5. ULC Robotics
    13.6. Sharper Shape Inc.
    13.7. Sky Futures
    13.8. Asset Drone
    13.9. YUNEEC

    14 Consultant Recommendation
    **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

     

  • The Renewable Drones Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • .
    • • Terra Drone
    • • Cyberhawk Innovations Limited
    • • PrecisionHawk
    • • ULC Robotics
    • • Sharper Shape Inc.
    • • Sky Futures
    • • Asset Drone
    • • YUNEEC
    By Regions:
    • North America
    • Latin America
    • Europe
    • APAC and MENA
    By Type:
    • (Multirotor and Fixed win);
    By Application:
    • (Telecommunications
    • Automotive
    • Industrial
    • Medical
    • Military
    • Defense& Aerospace and Others);
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Research objectives

Where will all these developments take the industry in the long

To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

What are the future opportunities in the market?

To understand the structure of Market by identifying its various subsegments.

What are the major driving forces expected to impact the development of the market market across different regions?

To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

To project the consumption of market submarkets, with respect to key regions.

Who are the major driving forces expected to decide the fate of the industry worldwide.

To strategically profile the key players and comprehensively analyze their growth strategies.

What are the key barriers and threats believed to hinder the development of the industry?

To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

Who are the prominent market players making a mark in the market with their winning strategies?

To share detailed information about the key factors influencing the growth of the market

What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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