Trouble in Your Tank: Implementing Direct Metallization in Advanced Substrate Packaging
It’s Only Common Sense: Storytelling That Sells—Stop Pitching, Start Painting Pictures
The Right Approach: Get Ready for ISO 9001 Version 6
Utility Drones Market to Reach $538.6 Million by 2023
July 30, 2018 | PRNewswireEstimated reading time: 2 minutes
The global utility drones market market is expected to grow from an estimated $110.2 million in 2018 to $538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. This growth can be attributed to the rising demand for minimizing outages in transmission & distribution infrastructure and reachability in hazardous locations.
Power segment is expected to hold the largest share of the Utility Drones Market, by end-user, during the forecast period.
The power segment is expected to lead the Utility Drones Market in 2018 and is projected to have the largest market share during the forecast period. The growth of the power segment is primarily driven by increase in population and rising demand for electricity. The benefits of utility drones in the power industry include cutting down of operation and maintenance costs; increasing worker safety considering their ability to operate drones in potentially dangerous areas; use of little or no fuel; and a negligible environmental impact. These factors drive the growth of the power segment of Utility Drones Market.
End-to-end solution is expected to hold the largest share of the Utility Drones Market, by services, during the forecast period.
The end-to-end solution segment is expected to dominate the Utility Drones Market in 2018 and is projected to hold the largest market share during the forecast period. The end-to-end solutions are more widely adopted by utility companies throughout the globe because of the availability of expertise required to obtain accurate data. Usage of end-to-end solution helps utility companies in avoiding problems such as updating drone technology and related data processing. All these are the major factors driving the end-to-end solution segment during the forecast period.
Multi rotor is expected to hold the largest share of the Utility Drones Market, by type, during the forecast period.
The multi-rotor segment is expected to lead the Utility Drones Market in 2018 and is projected to have the largest market share during the forecast period. Multi-rotor drones have been increasingly utilized for aerial inspection and photography because of their high precision and stability. Multi-rotor drones are also comparatively cheaper and readily available in the market. These factors drive the growth of the multi-rotor segment of the Utility Drones Market.
About MarketsandMarkets
MarketsandMarkets 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 industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Global Interposer Market to Surge Nearly Fivefold by 2034
09/15/2025 | I-Connect007 Editorial TeamRevenue for the global interposer market is projected to climb from $471 million in 2025 to more than $2.3 billion by 2034, according to a new report from Business Research Insights. The growth represents a CAGR of nearly 20 percent over the forecast period.
Indium Promotes Huang to Senior Manager, Marketing Communications
08/28/2025 | Indium CorporationWith its commitment to innovation and growth through employee development, Indium Corporation announces the promotion of Jingya Huang to Senior Manager, Marketing Communications, to continue to lead the company’s branding and promotional efforts.
India’s PC Market Grows 5.7% YoY in 1H25, Shipping 6.8 Million Units
08/22/2025 | IDCIndia’s traditional PC market (desktops, notebooks, and workstations) grew 3.0% year-over-year (YoY) in 2Q25 with 3.5 million units shipments, according to data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. This marks the eighth consecutive quarter of growth.
Ta Yang Group Holdings Limited Announcing AI Transformation Blueprint
08/21/2025 | ACN NewswireTa Yang Group Holdings Limited, a well-established Hong Kong-listed company with nearly two decades of market presence, plans to further advance comprehensively into the Web 4.0 field and artificial intelligence (AI) industry.
Standardized Hinges and Apple’s Entry Expected to Push Foldable Phone Penetration Beyond 3% by 2027
08/19/2025 | TrendForceTrendForce’s latest investigations reveal that the anticipated launch of Apple’s first foldable device in the second half of 2026 is expected to lift foldable phone penetration from 1.6% in 2025 to over 3% in 2027.