The drone inspection and monitoring market is projected to grow from USD 11.6 Billion in 2022 to USD 23.0 Billion by 2027, at a CAGR of 14.6% from 2022 to 2027.
Currently, drones are used for inspection & monitoring activities in almost all industries that require a visual inspection of assets as part of their maintenance processes. By utilizing drones, inspectors can accumulate visual data on the condition of assets without the need to place themselves in hazardous situations. They can help the inspectors avoid climbing several stories in the air on a tall or lean tower to take a close look into wind turbines, power lines, boilers, roofing, etc.
To know about the assumptions considered for the study download the pdf brochure
Major players like Intel Corporation (US), Lockheed Martin Corporation (US), Wipro (India), Intertek Group plc (UK), and MISTRAS Group, Inc. (UK) have adopted various growth strategies such as new product launches, collaborations & expansions, contracts, partnerships, and agreements, adopted by the leading market players in the drone inspection and monitoring market.
Intertek Group plc (UK) is a services provider to the construction, food, healthcare, energy, retail, commodities, transportation, and oil & gas industries. The company was founded in 1885 and is headquartered in London. It provides assurance, testing, certification, and inspection services. As a part of inspection services, the company provides drone-based inspection services such as inspection and mapping, confined space inspection, thermal imaging, and 2D/3D modeling services. It has a presence in China, the US, and the UK.
MISTRAS Group, Inc. (US) is a pioneer in providing asset protection solutions. These integrated technology-enabled solutions can help to improve operational uptime and the safety of critical civil and industrial assets. The company mainly serves energy and power, aerospace and defense, manufacturing industries, oil and gas, and civil infrastructure. The company offers drone inspection services for confined, at-height, and subsea places in these industries. Moreover, the MISTRAS Group, Inc provides drone-based gas detection, infrared, ultrasonic, and visual inspection services. It has a presence in North America and Europe and is a major player in the drone inspection and monitoring market. In 2021, the company has generated a revenue of 677.1 million. From the total revenue the company invested USD 2.7 million on research and development activity.
LOCKHEED MARTIN CORPORATION
Lockheed Martin Corporation (US) is a global defense company that was formed by the merger of two companies, namely, Lockheed Corporation and Martin Marietta, in March 1995. It operates through four business segments: Aeronautics, Rotary & Mission Systems, Space, and Missile & Fire Control. The Aeronautics segment offers advanced military aircraft (including combat and air mobility aircraft), drones, and related technologies. This segment also carries out the research, design, development, manufacture, integration, and sustainment of advanced technology-based systems, products, and services for drones and caters to the requirements of the aerospace and defense industry. The company has ~380 primary locations in the US, including offices, manufacturing plants, warehouses, service centers, and laboratories.
Intel Corporation is a US-based multinational company. It is the largest semiconductor chip manufacturer globally and is also the developer of the x86 series microprocessors. The company has launched drones in the market that can be used for commercial inspection, surveying, and mapping applications. They can also be used for spectacular light shows. Intel generated a revenue of USD 79.0 billion in 2021.
Wipro is an Indian engineering company founded in 1945 and is headquartered in Bangalore, India. The company operates through segments such as data, analytics & AI, applications, digital operations and platforms, consulting, and infrastructure services. It provides drone-based inspection services for pipelines as well as visual, thermographic, and optical gas imaging and has a global presence.
Drone Inspection and Monitoring Market by Solution (Platform, Software, Infrastructure And Service), Type (Fixed Wing, Multirotor, Hybrid), Applications (Constructions & Infrastructure, Agriculture), Mode Of Operations & Region - Global Forecast to 2027
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE