North America Region Witnessing the Highest Growth in Drone Inspection and Monitoring Market - PowerPoint PPT Presentation

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North America Region Witnessing the Highest Growth in Drone Inspection and Monitoring Market

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The overall drone inspection & monitoring market is projected to grow from USD 9.1 billion in 2021 to USD 33.6 billion by 2030, at a CAGR of 15.7% from 2021 to 2030. – PowerPoint PPT presentation

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Title: North America Region Witnessing the Highest Growth in Drone Inspection and Monitoring Market


1
The overall Drone Inspection Monitoring Market
is projected to grow from USD 9.1 billion in
2021 to USD 33.6 billion by 2030, at a CAGR of
15.7 from 2021 to 2030. North America is estimate
d to account for the largest share of the drone
inspection monitoring market from 2021 to
2030. Drones are being adopted for inspection
and monitoring in almost all industries that
require a visual inspection of assets as part of
their maintenance practices. Visual inspection
is essential to ensure the appropriate
maintenance of a companys resources. Drone
cameras usually perform the tasks of a human eye
during inspection and monitoring applications.
With drone-based inspection and monitoring,
inspectors can skip visiting dangerous places
like scaffoldings or tall, lean towers. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id99915267 By application,
Construction Infrastructure sub-segment of
DRONE INSPECTION AND MONITORING Market would
have the highest CAGR during the forecast
period Based on application, the Drone
Inspection and Monitoring market has been
classified into agriculture, construction
infrastructure, oil gas, utilities, mining,
and others. For this segment of the Drone
Inspection and Monitoring Market, the
Construction Infrastructure sub-segment is
projected to register the highest market size
from 2021 to 2030 and it has the highest CAGR
from 2021 to 2030. This is due to high quality,
accurate and cost-effective data processing with
drone technology. By solution, the services
segment is estimated to lead the DRONE INSPECTION
AND MONITORING market By solution, the Drone
Inspection and Monitoring market has been
segmented into platform, infrastructure,
software and services. Each of them performs a
different function and ensures drones
functioning in different applications. By
solution, the services segment is estimated to
lead the drone inspection monitoring market in
2021 to 2030 due to the quick, cost-effective,
and accurate data processing capabilities of
drones compared to traditional methods. Also,
the platform segment is projected to have the
highest CAGR during the forecast period. By
type, the hybrid segment is projected to register
the highest CAGR during the forecast period
2
Based on type, the drone inspection monitoring
market has been segmented into fixed wing,
multirotor, and hybrid. The hybrid segment is
projected to register the highest CAGR during
the forecast period due to hybrid drones
enhanced payload and endurance capabilities
compared to fixed-wing and multirotor type
drones. Also, the multirotor segment would have
the highest market share of Drone Inspection
and Monitoring during the forecast period. By
mode of operation, optionally piloted segment is
estimated to account for the largest market
share of DRONE INSPECTION AND MONITORING market
during the forecast period Based on mode of
operation, the drone inspection monitoring
market has been segmented into remotely piloted,
optionally piloted, and fully autonomous. The
optionally piloted segment is estimated to
account for the largest share in 2021 to 2030
for the drone inspection monitoring market
during the forecast period owing to its demand
in precision agriculture, disaster relief,
traffic monitoring, and building inspection.
Also, the fully autonomous segment is projected
to grow with the highest CAGR during the
forecast period. Asia Pacific is projected to
grow at the highest CAGR during the
forecast period. The drone inspection
monitoring market in Asia Pacific is projected to
register the highest CAGR during the forecast
period. The growth of this regional market can be
attributed to the increasing demand for drones
in growing economies like China and India, where
drones are widely employed for inspection and
monitoring tasks in the agriculture and utility
sectors. Also, the growth of the drone inspection
monitoring market in North America can be
attributed to the increased demand for drones
in sectors such as infrastructure
construction, agriculture, oil gas, mining and
utilities. The US is estimated to account for
the largest market share of the drone inspection
monitoring market in North America from 2021
to 2030. MISTRAS Group (US), Lockheed Martin
(US), and Intel Corporation (US) are some of the
leading drone manufacturers in the US. Key Market
Players Key players operating in the Drone
Inspection and Monitoring market include
Intertek (UK), MISTRAS Group (US), Wipro (India),
Intel Corporation (US), Lockheed Martin
Corporation (US), Northrop Grumman Corporation
(US), SZ DJI Technology Co., Ltd. (China),
Parrot SA (France). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id99915267 About MarketsandMarkets Mark
etsandMarkets provides quantified B2B research
on 30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
companies revenues. Currently servicing 7500
customers worldwide including 80 of global
Fortune 1000 companies as clients. Almost 75,000
top officers across eight
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industries worldwide approach MarketsandMarkets
for their painpoints around revenues
decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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