Significant surge in the demand for improved surveillance, emergence of various start-ups across the globe, and persistent technological advancements are expected to drive the growth of the global inspection drone market. Closed manufacturing facilities, reduced workforce, shortage of raw materials, and other supply chain disruptions during the COVID-19 pandemic had a negative impact on the market.
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Inspection Drone Industry Report Coverage & Details:
|Market Size in 2021||$1.9 billion|
|Market Size in 2031||$8.6 billion|
|No. of Pages in Report||246|
|Segments Covered||Drone type, Operation Mode, End-Use Industry, And Region.|
|Drivers||Increase in the standard of living|
|Significant surge in the demand for improved surveillance|
|Opportunities||Emergence of various start-ups across the globe|
|Persistent technological advancements|
|Restrains||Extortionate cost of luxury jewelry|
|Limited to specific consumers|
- The outbreak of COVID-19 has had a negative impact on the growth of the global inspection drone market, owing to the occurrence of lockdowns in various countries across the globe.
- Lockdowns resulted in the closure of various manufacturing facilities, including those of inspection drones, which adversely impacted their demand during the pandemic.
- In addition, there was a shortage of materials, components, and finished goods, which further aggravated the impact on the market.
- This is majorly due to the stringent social distancing restrictions imposed by the government to curb the spread of the virus during the pandemic. However, increase in the use of inspection drones in case of various man-made and natural disasters or to supervise lockdown restrictions offer remunerative opportunities for the growth of the market.
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The report offers detailed segmentation of the global inspection drone market based on drone type, operation mode, end-use industry, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.
Based on drone type, the multirotor drone segment held the dominating market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The hybrid drone segment, on the other hand, is expected to cite the fastest CAGR of 18.7% during the forecast period.
Based on operation mode, the semi-autonomous segment held the largest market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The fully autonomous segment, on the other hand, is expected to cite the fastest CAGR of 17.9% during the forecast period.
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Based on end-use industry, the construction and infrastructure segment held the dominating market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The agriculture segment, on the other hand, is expected to cite the fastest CAGR of 17.8% during the forecast period.
Based on region, the market across the North America region held the largest market share in 2021, holding two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 18.1% during the forecast period.
The key players analyzed in the global inspection drone market report include American Robotics, Inc., Aerovironment Inc, Ageagle Aerial Systems Inc, DJI, Israel Aerospace Industries, Microdrones, Parrot SA, PrecisionHawk, Trimble Inc., and Yamaha Motor Corp.
The report analyzes these key players in the global inspection drone market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
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