Drone Inspection and Monitoring Market worth $21.3 Billion by 2027

1. The report on the Drone Inspection and Monitoring Marketprovides an analysis of themarketfrom2019to2027.Itdiscussesindustryandtechnologytrendscurrently prevailing in the market, alongwith drivers, restraints, challenges,and opportunities that influence the growth of the market. The drone inspection and monitoring market is projected to grow from USD 10.5 Billion in 2022 to USD 21.3 Billion by 2027, at a CAGR of 15.1% from 2022 to2027. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99915267 Currently, most of the inspection and monitoring operations are performed using drones due to the additional benefits associated with it. The use of drone for inspection and monitoring can help to reduce the average operation cost and the time without compromising on quality. Therefore, almost all industries that require avisualinspectionofassetsaspartoftheirmaintenancepracticesarenowadopting drones for inspection and monitoring. Visual inspection is necessary to ensure an accurateinspectionofacompany’sresources.Thedronecamerascanperformbetter visual inspection at confined and at hight location compared to othermethods. Increasing demand for drone inspection and monitoring from several countries, including India, Japan, China, France, the UK, and the US, is expected to stimulate thegrowthofthedroneinspectionandmonitoringmarketfrom2022to2027.Drones are increasingly used in commercial applications for monitoring, surveying, mapping, and aerial remote sensing. Drone-based inspection and monitoring find applications in sectors such as oil & gas, defense & security, construction & infrastructure, utilities, agriculture, andrailways. The imposition of restrictions by various government agencies on drone inspection andmonitoringincommercialapplicationsisakeychallengefacedbymanufacturers of drones. Apart from a general overview of the key companies, this report also provides a financial analysis of the leading players, along with information about products and services offered and key developments undertaken by them. Intertek (UK), MISTRAS Group (US), Wipro (India), Lockheed Martin (US), and Intel Corporation (US) are some of the leading players covered in this report on the drone inspection and monitoring market. These players offer wide range of cost efficient and quality solutions and services to attract the local and internationalcustomers. Basedonsolution,thedroneinspectionandmonitoringmarkethasbeensegmented into platform, software, infrastructure, and services. These segments have been subdivided,asdiscussedbelow.Theservicessegmentisprojectedtoleadthemarket

2. during the forecast period, and the software segment is expected to register the highest CAGR during 2022 to2027. Based on type, the drone inspection and monitoring market has been segmented into fixed-wing, multirotor, and hybrid. Drone manufacturers globally are concentrating on developing technologically advanced drones and increasing their production due to the increased demand from the construction, agriculture, emergency response, mapping, surveillance, and wildlife protection sectors. The rise in demand globally and the resultant surge in drone production are expected to fuel the growth of the drone inspection and monitoring market. The multirotor type of subsegmentisprojectedtohavethehighestmarketshareduringtheforecastperiod, and the hybrid type subsegment is projected to have the highest CAGR during the forecastperiod. By application, the market is bifurcated into construction & infrastructure, agriculture, oil & gas, utilities, mining, and others, which include logistics, wildlife & forestry, insurance, and aviation-related drone inspection and monitoring. The timeliness and accuracy of drones, as well as their reasonable prices compared to othermodesofinspection&monitoringliketheunder-the-bridgeinspectionvehicles or helicopters, are boosting the market for drone-based inspection & monitoring worldwide. By application, the construction & infrastructure segment is projected to register the largest market size and have the highest CAGR from 2022 to2027. Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=99915267 AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441