Utility Drones Market Size, Share & Forecast 2024 | TechSci Research

GLOBAL UTILITY DRONES MARKET
FORECAST & OPPORTUNITIES
2014 – 2024
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com

2
Scope of Report
Product of Interest (POI): Utility Drones
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
Year RangeUTILITY DRONES MARKET
REGION
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
The global utility drones market is expected to grow at a robust CAGR during the forecast period owing to
the increasing demand for minimizing service time, cost efficiency and increase reachability in dangerous
locations. Few years back, drones were mostly used in military and defense sector; however, their adoption
is growing to a wide range of civilian roles, starting from surveillance, search and rescue, firefighting, traffic
monitoring and weather monitoring, to business drone-based and personal drone-based agriculture,
videography, photography, among others. Utility drones are expected to have a huge impact in the power &
utility sector over the next few years.
Market Segmentation
END USER
• Power – Generation
• Transmission & Distribution
• Renewable – Solar, Wind
TYPE
• Multi-Rotor
• Fixed Wing
SERVICE
• End-to-End Solution
• Point Solution

3
Table of Contents
S. No. Contents Page No.
1. Product Overview: Utility Drones
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Recall
4.3. Brand Satisfaction
4.4. Factors Influencing Purchase Decision
4.5. Challenges/Issues Faced Post Purchase
4.6. Unmet Needs
5. Global Utility Drones Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Multi-Rotor; Fixed Wing)
5.2.2. By Service (End-to-End Solution; Point Solution)
5.2.3.
By End User (Power – Generation, Transmission & Distribution; Renewable – Solar,
Wind)
5.2.4. By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa)
5.2.5. By Company (2018)
5.3. Product Market Map

4
Table of Contents
6. Asia-Pacific Utility Drones Market Outlook
6.1.1. By Value
6.2.1. By Type
6.2.2. By Service
6.2.3. By End User
6.2.4. By Country
6.3. Asia-Pacific: Country Analysis
6.3.1. China Utility Drones Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By End User
6.3.2. India Utility Drones Market Outlook
6.3.2.1.1. By Value
6.3.2.2.1. By Type

5
Table of Contents
S. No. Contents Page
No.
6.3.3. Japan Utility Drones Market Outlook
6.3.3.1.1. By Value
6.3.3.2.1. By Type
6.3.4. South Korea Utility Drones Market Outlook
6.3.4.1.1. By Value
6.3.4.2.1. By Type
6.3.5. Australia Utility Drones Market Outlook
6.3.5.1.1. By Value
6.3.5.2.1. By Type
6.3.6. Singapore Utility Drones Market Outlook
6.3.6.1.1. By Value

6
Table of Contents
6.3.6.2.1. By Type
6.3.7. Malaysia Utility Drones Market Outlook
6.3.7.1.1. By Value
6.3.7.2.1. By Type
7. Europe Utility Drones Market Outlook
7.1.1. By Value
7.2.1. By Type
7.2.2. By Service
7.2.3. By End User
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. France Utility Drones Market Outlook
7.3.1.1.1. By Value

7
Table of Contents
7.3.1.2.1. By Type
7.3.2. Germany Utility Drones Market Outlook
7.3.2.1.1. By Value
7.3.2.2.1. By Type
7.3.3. United Kingdom Utility Drones Market Outlook
7.3.3.1.1. By Value
7.3.3.2.1. By Type
7.3.4. Italy Utility Drones Market Outlook
7.3.4.1.1. By Value
7.3.4.2.1. By Type

8
Table of Contents
S. No. Contents Page
No.
7.3.5. Spain Utility Drones Market Outlook
7.3.5.1.1. By Value
7.3.5.2.1. By Type
8. North America Utility Drones Market Outlook
8.1.1. By Value
8.2.1. By Type
8.2.2. By Service
8.2.3. By End User
8.2.4. By Country
8.3. North America: Country Analysis
8.3.1. United States Utility Drones Market Outlook
8.3.1.1.1. By Value
8.3.1.2.1. By Type

9
Table of Contents
8.3.2. Mexico Utility Drones Market Outlook
8.3.2.1.1. By Value
8.3.2.2.1. By Type
8.3.3. Canada Utility Drones Market Outlook
8.3.3.1.1. By Value
8.3.3.2.1. By Type
9. South America Utility Drones Market Outlook
9.1.1. By Value
9.2.1. By Type
9.2.2. By Service
9.2.3. By End User
9.2.4. By Country
9.3. South America: Country Analysis

10
Table of Contents
9.3.1. Brazil Utility Drones Market Outlook
9.3.1.1.1. By Value
9.3.1.2.1. By Type
9.3.2. Argentina Utility Drones Market Outlook
9.3.2.1.1 By Value
9.3.2.2.1. By Type
9.3.3. Colombia Utility Drones Market Outlook
9.3.3.1.1. By Value
9.3.3.2.1. By Type
10. Middle East & Africa Utility Drones Market Outlook
10.1.1. By Value

11
Table of Contents
10.2.1. By Type
10.2.2. By Service
10.2.3. By End User
10.3.4. By Country
10.3. Middle East & Africa: Country Analysis
10.3.1. South Africa Utility Drones Market Outlook
10.3.1.1.1. By Value
10.3.1.2.1. By Type
10.3.1.2.2. By End User
10.3.2. Saudi Arabia Utility Drones Market Outlook
10.3.2.1.1. By Value
10.3.2.2.1. By Type
10.3.2.2.2. By End User
10.3.3. UAE Utility Drones Market Outlook
10.3.3.1.1. By Value

12
Table of Contents
10.3.3.2.1. By Type
10.3.3.2.2. By End User
10.3.4. Qatar Power Rental Market Outlook
10.3.4.1.1 By Value
10.3.4.2.1. By Type
10.3.4.2.2. By End User
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends and Developments
13. Policy & Regulatory Landscape
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (Top 10 Global Player)
15. Strategic Recommendations
16. About us & Disclaimer

14
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing list
of respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global utility drones
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global utility drones
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research

15
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global utility drones market. The team has
market, while considering the major influencing factors such as rising demand for drones to minimize service time , cost efficiency and
study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume : Market size, in terms of value, for the year 2018 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as utility drones
end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 utility drones providers, 100 – 120 end users, and 15 – 20 industry experts and other value
market to obtain the overall market size from 2014 to 2018, which was validated by the Delphi technique. Taking standard deviation
out, to arrive at the market size data during 2014-2018.

16
• Respondents were asked about the current and future market growth rates, market shares by type, by service, by end user, by each region, and by company. Removing the outlier
responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares.
Revenue shares generated across various raw material were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by type, by service, by end user, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the
respondents were asked about the market shares or revenue generated from various types of utility drones. The final shares were calculated by taking the geometric mean of the
responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global utility drones market, TechSci Research used
various forecast techniques such as:
 Moving Average
 Time Series Analysis
 Regression Analysis
 Econometric and Judgmental Analysis

17
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during
short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market
including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
 Aerodyne SYSTEMS SDN BHD
 Asset Drone
 Cyber Hawk Innovations Limited
 ABJ Drones
 Delair
 Terra Drone Corporation
 Sky-Futures Ltd.
 Measure
 Hemav
 Sharper Shape Ltd.
 World Bank
 International Monetary Fund (IMF)
 TechSci Research Proprietary Database & Knowledge Repository
 Company Annual Reports
 Industry Magazines
 Industry Reports
 News Dailies
 Credible Paid Databases

18
INDUSTRY BRIEF
According to TechSci Research report, “Global Utility Drones Market By Type, By Services, By End-User, By Region, Competition, Forecast &
Opportunities, 2024”, global utility drones market is projected to grow at a CAGR of over 30% during 2019-2024, on the back of growing need to
reduce outage within energy transmission and distribution sector. Utility drones market is gaining impetus due to rising adoption of drone technology to
increase business operations and impart better safety. By end-user, global utility drones market has been categorized into power and renewable
segments. In 2018, power segment dominated the market and is expected to account for majority share in global utility drones market during the
forecast period as well, owing to rising demand for electricity.
In terms of services, end-to-end solution category accounted for the largest share in 2018 and is likely to maintain its market dominance in coming
years. The leading position of end-to-end solution category can be majorly attributed to its wide adoption by utility, owing to the availability of expertise
required to obtain accurate data. North America is the largest demand generating region for utility drones across the globe, backed by increasing
investments in power infrastructure, growing power consumption and rising focus on renewable power generation. The US utility drones market
dominated the North American region in 2018, owing to wide acceptance of technological advancements and various government initiatives to promote
renewable power generation.
“Global utility drones market is anticipated to register robust growth over the course of next five years, on account of technological advancements in the
field of UAVs, in addition to time and cost efficiency offered by these UAVs. Utility drones have a healthy growth landscape, as they are widely used in
the power and renewable sector, where they help in cutting down operational and maintenance costs, along with increasing worker safety considering
the drones’ ability to operate in potentially dangerous areas.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.

19
SAMPLE DATA - SNAPSHOT
Global Utility Drones Market Size, By Value (USD Million), 2014–2024F
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
2014 2018 2019E 2024F
By Value (USD Million)
CAGR By ValueCAGR By Value
XX% XX%
Germany Utility Drones Market Share, By Type, By Value, 2014–2024F
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Fixed Wing
Multi-Rotor
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
2014
2015
2016
2017
2018
2019E
2020F
2021F
2022F
2023F
2024F
Power – Generation Transmission & Distribution Renewable – Solar, Wind
Europe Utility Drones Market Share, By End User, By Value, 2014–2024F

20
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Report Name: GLOBAL UTILITY DRONES MARKET
FORECAST & OPPORTUNITIES
2014 – 2024

About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India.
TechSci Research provides market research reports in a number of areas to organizations. The company uses
innovative business models that focus on improving productivity, while ensuring creation of high-quality
reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic
variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global
industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a
uniquely rich evaluation of the opportunities available in the market.
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Partial List of Clients
The contents of this report are based on information generally available to the public from sources believed to be reliable. No
representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation
of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci
Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any
errors or omissions or for the results obtained from the use of such information and especially states that it has no financial
liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,
can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for
client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci
Research.
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