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Global Drones for Oil and Gas Market Is Set a Rapid Growth Expected to Reach USD 16.72 Billion with Highest CAGR – Forecast to 2025

Press Release

Market Research Future published a research report on “Global Drones for Oil and Gas Market Research Report – Forecast to 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2025.

Market Highlights

The global market for drones for oil and gas is projected to be valued at USD 16.72 Billion by 2025, with 35.24% CAGR during the forecast period, 2019–2025. Drones for oil and gas is a combination of hardware and software which provides actionable information for downtime prevention and cost-effectiveness within the power network.

Key Players

The players operating in the Global Drones for Oil and Gas Market are Cyberhawk Innovations Limited (Scotland), PrecisionHawk (US), SkyScape Industries (US), Airobotics (US), AeroVironment, Inc (US), Airborne Drones (South Africa), Sky-Futures (UK), Terra Drone (Japan), Insitu Pacific Pty Ltd (Australia), Intel Corporation (US), Delair (Denmark), Aerodyne Group (Malaysia), Aerialtronics DV B.V. (the Netherlands), Flyability (Switzerland), and ideaForge (India). 

Scope of the Report

This report provides an in-depth analysis of the global drones for oil and gas market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for South America, North America, the Middle East & Africa, Europe, and Asia-Pacific. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global drones for oil and gas market by type, application, and region.

  • BY TYPE
    • Single-Rotor
    • Multi-Rotor
    • Fixed Wing
    • Hybrid & Nano
  • BY APPLICATION
    • Inspection
    • Surveying & Mapping
    • Security and Emergency Response
  • By Region
    • North America 
    • Asia-Pacific 
    • Europe
    • Middle East & Africa
    • South America

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Regional overview

In 2018, North America dominated the global drones for oil and gas market in terms of share: MRFR

The market is segmented into five regions, namely Asia-Pacific, Europe, North America, Middle East & Africa, and South America. North America holds the largest market share in the drones for oil and gas owing to increasing adoption of Drones by major oil & gas operators within the region. Moreover, increasing need for transformation in the inspection ways and maintenance of assets such as well sites, pipelines, and offshore platforms in the region would positively trigger the demand of drones for oil and gas market.

In Europe, Germany is expected to be the largest and the fastest growing country in the drones for oil and gas market owing to increasing oil consumption. According to the BP Statistical Review of World Energy 2018, oil consumption in Germany has been increasing significantly with 115 Mtoe, 117.3 Mtoe, and 119.8 Mtoe in the year 2015, 2016, and 2017, respectively. Hence, the rising rate of oil consumption leads to an increase in energy demand. Inspection is an important part of oil and gas production activities, of which drone is a significant part.  

In Asia-Pacific, China is projected to be the largest market owing to owing to increasing demand for oil. China is emerging in terms of production of shale oil. Due to more inaccessible areas, the authorities in the country are in a process of conducting seismic surveys to develop detailed images of local geology in order to discover the locations and size of potential oil & gas fields. All these factors are likely to drive drones for oil and gas industry.

In the Middle East & Africa, Saudi Arabia, is projected to be the largest and the fastest growing country in the drones for oil and gas market owing to fact that the Saudi Arabian Oil Co. has taken considerable steps to enhance production rates. All these factors will boost the demand for drones as they enable oil and gas companies to reduce cost and improve efficiency.

In South America, Brazil is expected to be the largest and the fastest growing country in the drones for oil and gas market owing to increasing energy demand that has led to more exploration and production activities of oil and gas to meet the energy demand, thereby boosting demand for drones in the country.

Browse Complete Report Details with Table of Content and Figures @ https://www.marketresearchfuture.com/reports/drones-for-oil-gas-market-8808 

Global Drones for Oil and Gas Market Table of Content (TOC):-

  1. Market overview
  2. Global Drones for Oil and Gas Market competition by manufacturers, type and application
  3. Analysis of the global market by the manufacturer
  4. Global Drones for Oil and Gas Market manufacturing analysis
  5. Industrial Chain, sourcing strategy and downstream buyers
  6. Marketing strategy analysis, distributors/traders
  7. Global market forecast 2019-2023
  8. Conclusion
  9. Appendix

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