Global Drone Surveillance Market Report and Forecast 2024-2032

Global Drone Surveillance Market Outlook

The global drone surveillance market reached a value of about USD 200.75 million in 2023. The market is further estimated to grow at a CAGR of 18.9% in the forecast period of 2024-2032 to reach a value of around USD 953.44 million by 2032.

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Rising Demand for Multirotor UAVs to Propel the Market Growth of Drone Surveillance

There has been a rise in the demand for multirotor UAVs for surveillance applications. Multirotor drones come in a compact design and can carry a range of sensors and multiple HD cameras along with them; thus, they are suitable for surveying professionals to carry from one site to another. Multirotor drones provide superior manoeuvrability than fixed-wing aircraft and are capable of vertical take-off and landing (VTOL). These drones are also easy to control, can fly in any direction, and can also operate in headless mode.  Further, these drones are available in various types, depending on the number of rotors on the platform, such as tricopter, quadcopter, hexacopter, and octocopter. There is a rising inclination towards quadcopter as it offers the best balance between lift, manoeuvrability, and cost. Also, octocopters (eight-rotor) are gaining traction in applications that demand high lifting capacity and include in-depth surveys across severe terrain and weather conditions. Over the forecast period, the initiatives taken by market players to develop advanced multirotor drones are likely to aid the drone surveillance market further.

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Market Segmentation

Drone surveillance refers to the use of unmanned aircraft to capture still images or videos of specific targets, such as terrains, individuals, houses, and buildings, among others. The drones can adapt to any environment or landscape and are equipped with tracking technologies to perform many autonomous tasks.

The market for drone surveillance, by type, is divided into:

• Fixed Wing
• Multirotor
• Hybrid

Based on application, the market is segmented into:

• Power Plant Inspection
• Solar Panel Inspection
• Pipeline Monitoring and Inspection
• Offshore Platform Inspection
• Wind Turbine Inspection
• Others

The regional markets for drone surveillance can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Utilisation in Various Applications to Drive the Market Growth of Drone Surveillance

The rising use of drone surveillance technology in various applications, such as the inspection of solar panels, wind turbines, and powerplants, among others, owing to its exceptional benefits, is driving the drone surveillance market growth. Drone surveillance helps capture high-quality photographs or videos, which are increasingly used to create 3D maps and interactive 3D models. The advances in control technology are leading to its easy deployment and operation with minimal experience. There is a rise in the adoption of drone surveillance over helicopter inspection among operators, as it is time-saving and cost-effective. Additionally, the rapid adoption of automation in various end-use sectors to reduce manual work and enhance the safety of workers is leading to the increased utilisation of drone surveillance technology. For instance, drone technology is used to conserve the energy output of solar panels, and UAV drones automate the surveying and monitoring of solar panels. Moreover, the government initiatives to boost the production of high-quality drones are leading to the market development. For instance, in September 2021, the Government of India approved the Production-Linked Incentive (PLI) scheme for drones and drone components to boost their use in almost all sectors of the economy.  Additionally, the development of AI-powered UAV drone technology is expected to augment the market growth over the forecast period.

Key Players in the Global Market for Drone Surveillance

The report gives a detailed analysis of the following key players in the global drone surveillance market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Aerodyne Group
• Aesthetix Global.
• Airobotics Ltd.
• AZUR DRONES SAS
• Cyberhawk Innovations Ltd. 
• MISTRAS Group
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report