The renewable drones market is expected to grow from an estimated USD 45 million in 2020 to USD 148 billion by 2025, at a CAGR of 27.1% during the forecast period. With the increasing adoption of drones for reducing inspection cost, rising focus on asset optimization, and growing construction of solar and wind farms will offer growth prospects for renewable drones market during the forecast period.
A few major players that have a wide regional presence dominate the renewable drones market. The leading players in the renewable drones market include Aerodyne Measure (US), DJI Enterprise (China) DroneDeploy (US), PrecisionHawk (US), and Terra Drone (Japan)
The major strategies adopted by these players include contracts & agreements ,new product launches, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. Contracts & agreements and partnerships were the two most commonly adopted strategy from January 2017 to July 2020.
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DJI Enterprise (China), founded in 2006, is a manufacturer of drones, cameras, accessories, and solutions to professionals, enterprise, and industrial end users. The company offers a wide variety of multirotor drones. It also has various software for flight plans, inspection analysis, and training drone pilots. It offers drones for carrying out inspection services of solar and wind farms. DJI offers drones for rooftop solar panel inspectors and operators of massive solar farms. These drones can be used to scan installed solar panels during normal operations across large areas within a short time. DJI’s cameras provide solar energy plants the ability to inspect an array of panels at speed. The company’s products and services find applications in solar, wind, oil & gas, power lines, and nuclear energy industries. DJI sells its products through online stores, flagship stores, DJI-operated stores, retail stores, enterprise retailers, and DJI Store application. The company also offers service plans, which include DJI Care, Osmo Shield, and DJI Care Refresh.
ABJ Drones (US), founded is a drone solutions company offering inspection services and software for industries and assets. The company offers drone services, software for analysis and reporting, and consultation services. The company’s portfolio finds applications in wind turbines, solar panels, cell towers, power lines, and roofs and buildings. The company also offers online drone training services and has a network of more than 3,500 drone pilots across North America, Europe, and Asia.
Sitemark (Belgium), founded in 2016, provides end-to-end drone inspection solutions to companies to increase their operational efficiency, specifically in reducing and streamlining their costs, avoiding project delays, and managing large portfolios across the entire lifecycle of their projects. The company caters to industries such as energy, construction, mining, and agriculture. The company offers drone services and software throughout the life cycle of a solar farm, i.e., from pre-construction to sell/acquire of solar assets, namely for solar PV farms.
Renewable Drones Market by Drone Type (Multirotor and Fixed Wing), Solution (End-to-End Solution and Point Solution), End user (Solar (Photovoltaics and Concentrated Solar Power) and Wind), and Region - Global Forecast to 2025
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