Increasing Advancement in UAVs is Driving the Growth of Drone for Petroleum Market
Globally, the drone for petroleum market is expected to grow with a CAGR of 13.5% during the forecast period from 2019 to 2027. The market is propelled by the increasing advancement in the drone technology. Over the past five years, UAVs has emerged as the most disruptive tech innovation across the industry sectors. The cost effective nature and high efficiency of the drones makes them an ideal option for wide range of industrial application. Multiple industries including oil & gas industry are exploring the use of drones for several applications. Drones offer several economical and environmental benefits that allow oil & gas industry to enhance their efficiency and reduce the cost of operations. This is the major factor augmenting the demand for drones across the petroleum sector.
The integration of the advance technologies into the drones/UAVs also serves as the major factor driving the market growth. Furthermore, the relaxation by the government authorities for the commercial use of the drones is also one of the key factors augmenting the market growth. However, the data safety and security is estimated to be the major inhibitor in the growth of the market. Moreover, the lack of skilled professional to operate the drone is also acting as a major constraint the market growth.
Inspection & Monitoring is the Leading Application of the Drone for Petroleum Market
The drone for petroleum market is segmented based on the application into inspection and monitoring, data gathering, leakage and damage detection, other. The inspection & monitoring held lion’s share of more than 52% in the drone for petroleum market in 2018. The ability of the drones and UAVs to effectively monitor the operations sites safety is the primary factor driving their demand across the oil & gas industry. Moreover, the drones can also provide visual images and 3D maps for the surveillance. This is also augmenting the demand of the UAVs for monitoring and inspection application.
North America is leading the drone for petroleum market with more than 40% share in the revenue in 2018. The market growth is attributed to large scale adoption of the drones across majority of the industry verticals in the region. The increasing oil & gas exploration activities in the region is also acting as a major force driving the demand of the drones in the oil & gas industry. Furthermore, the relaxation by the Federal Aviation Administration (FAA) for the commercial use of the drones is fostering the market growth.
The major vendors in the drone for petroleum market are Airobotics, Airware Inc, BAE Systems Inc, Cyberhawk Innovations Limited, DJI, Parrot, Phoenix LiDAR Systems, PrecisionHawk, Sharper Shape Inc, Sky-Futures Ltd, SkyX, and Unmanned Experts Inc.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The drone for petroleum market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global drone for petroleum market based on type, technology, application and geography. Key segments covered in the report are as follows:
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2017-2027 |
Base Year | 2018 |
Forecast Period | 2019-2027 |
Historical Year | 2017 |
Unit | USD Billion |
Segmentation |
Type Segment (2017–2027; US$ Bn) |
Technology Segment (2017–2027; US$ Bn) |
|
Application Segment (2017–2027; US$ Bn) |
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
Unique data points of this report
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global DP Market
2.1.1 Global DP Market, by Product, 2018 (US$ Mn)
2.1.2 Global DP Market, by Technology, 2018 (US$ Mn)
2.1.3 Global DP Market, by Application, 2018 (US$ Mn)
2.1.4 Global DP Market, by Geography, 2018 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key DP Vendors, 2018
Chapter 4 Global Drone for Petroleum (DP) Market, By Product
4.1 Overview
4.1.1 Global DP Market Value Share, by Product, 2018 & 2027 (Value, %)
4.2 Fixed Wing Drone
4.2.1 Global DP Market Value from Fixed Wing Drone, 2017 – 2027(US$ Mn)
4.3 Rotary Blade Drone
4.3.1 Global DP Market Value from Rotary Blade Drone, 2017 – 2027(US$ Mn)
4.4 Hybrid Drone
4.4.1 Global DP Market Value from Hybrid Drone, 2017 – 2027(US$ Mn)
Chapter 5 Global Drone for Petroleum (DP) Market, by Technology
5.1 Overview
5.1.1 Global DP Market Value Share, by Technology, 2018 & 2027 (Value, %)
5.2 Remotely Operated
5.2.1 Global DP Market Value from Remotely Operated, 2017 – 2027(US$ Mn)
5.3 Semi-Autonomous
5.3.1 Global DP Market Value from Semi-Autonomous, 2017 – 2027(US$ Mn)
5.4 Autonomous
5.4.1 Global DP Market Value from Autonomous, 2017 – 2027(US$ Mn)
Chapter 6 Global Drone for Petroleum (DP) Market, by Application
6.1 Overview
6.1.1 Global DP Market Value Share, by Application, 2018 & 2027 (Value, %)
6.2 Inspection & Monitoring
6.2.1 Global DP Market Value from Inspection & Monitoring, 2017 – 2027(US$ Mn)
6.3 Data Gathering
6.3.1 Global DP Market Value from Data Gathering, 2017 – 2027(US$ Mn)
6.4 Leakage & Damage Detection
6.4.1 Global DP Market Value from Leakage & Damage Detection, 2017 – 2027(US$ Mn)
6.5 Others
6.5.1 Global DP Market Value from Others, 2017 – 2027(US$ Mn)
Chapter 7 North America Drone for Petroleum (DP) Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 North America DP Market Analysis, by Product, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 North America DP Market Analysis, by Technology, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.4 North America DP Market Analysis, by Application, 2017 – 2027 (US$ Mn)
7.4.1 Market Analysis
7.5 North America DP Market, by Country, 2017 – 2027 (US$ Mn)
7.5.1 Market Analysis
7.5.2 U.S.
7.5.2.1 U.S. DP Market Value, by Product, 2017 – 2027 (US$ Mn)
7.5.2.2 U.S. DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
7.5.2.3 U.S. DP Market Value, by Application, 2017 – 2027 (US$ Mn)
7.5.3 Canada
7.5.3.1 Canada DP Market Value, by Product, 2017 – 2027 (US$ Mn)
7.5.3.2 Canada DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
7.5.3.3 Canada DP Market Value, by Application, 2017 – 2027 (US$ Mn)
Chapter 8 Europe Drone for Petroleum (DP) Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 Europe DP Market Analysis, by Product, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 Europe DP Market Analysis, by Technology, 2017 – 2027 (US$ Mn)
8.3.1 Market Analysis
8.4 Europe DP Market Analysis, by Application, 2017 – 2027 (US$ Mn)
8.4.1 Market Analysis
8.5 Europe DP Market, by Country, 2017 – 2027 (US$ Mn)
8.5.1 Market Analysis
8.5.2 U.K.
8.5.2.1 U.K. DP Market Value, by Product, 2017 – 2027 (US$ Mn)
8.5.2.2 U.K. DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
8.5.2.3 U.K. DP Market Value, by Application, 2017 – 2027 (US$ Mn)
8.5.3 Germany
8.5.3.1 Germany DP Market Value, by Product, 2017 – 2027 (US$ Mn)
8.5.3.2 Germany DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
8.5.3.3 Germany DP Market Value, by Application, 2017 – 2027 (US$ Mn)
8.5.4 France
8.5.4.1 France DP Market Value, by Product, 2017 – 2027 (US$ Mn)
8.5.4.2 France DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
8.5.4.3 France DP Market Value, by Application, 2017 – 2027 (US$ Mn)
8.5.5 Rest of Europe
8.5.5.1 Rest of Europe DP Market Value, by Product, 2017 – 2027 (US$ Mn)
8.5.5.2 Rest of Europe DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
8.5.5.3 Rest of Europe DP Market Value, by Application, 2017 – 2027 (US$ Mn)
Chapter 9 Asia Pacific Drone for Petroleum (DP) Market Analysis, 2017 – 2027 (US$ Mn)
9.1 Overview
9.2 Asia Pacific DP Market Analysis, by Product, 2017 – 2027 (US$ Mn)
9.2.1 Market Analysis
9.3 Asia Pacific DP Market Analysis, by Technology, 2017 – 2027 (US$ Mn)
9.3.1 Market Analysis
9.4 Asia Pacific DP Market Analysis, by Application, 2017 – 2027 (US$ Mn)
9.4.1 Market Analysis
9.5 Asia Pacific DP Market, by Country, 2017 – 2027 (US$ Mn)
9.5.1 Market Analysis
9.5.2 China
9.5.2.1 China DP Market Value, by Product, 2017 – 2027 (US$ Mn)
9.5.2.2 China DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
9.5.2.3 China DP Market Value, by Application, 2017 – 2027 (US$ Mn)
9.5.3 Japan
9.5.3.1 Japan DP Market Value, by Product, 2017 – 2027 (US$ Mn)
9.5.3.2 Japan DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
9.5.3.3 Japan DP Market Value, by Application, 2017 – 2027 (US$ Mn)
9.5.4 India
9.5.4.1 India DP Market Value, by Product, 2017 – 2027 (US$ Mn)
9.5.4.2 India DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
9.5.4.3 India DP Market Value, by Application, 2017 – 2027 (US$ Mn)
9.5.5 Rest of Asia Pacific
9.5.5.1 Rest of Asia Pacific DP Market Value, by Product, 2017 – 2027 (US$ Mn)
9.5.5.2 Rest of Asia Pacific DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
9.5.5.3 Rest of Asia Pacific DP Market Value, by Application, 2017 – 2027 (US$ Mn)
Chapter 10 Rest of the World (RoW) Drone for Petroleum (DP) Market Analysis, 2017 – 2027 (US$ Mn)
10.1 Overview
10.2 RoW DP Market Analysis, by Product, 2017 – 2027 (US$ Mn)
10.2.1 Market Analysis
10.3 RoW DP Market Analysis, by Technology, 2017 – 2027 (US$ Mn)
10.3.1 Market Analysis
10.4 RoW DP Market Analysis, by Application, 2017 – 2027 (US$ Mn)
10.4.1 Market Analysis
10.5 RoW DP Market, by Country, 2017 – 2027 (US$ Mn)
10.5.1 Market Analysis
10.6 RoW DP Market, by Country (US$ Mn)
10.6.1 Market Analysis
10.6.2 Middle East & Africa (MEA)
10.6.2.1 MEA DP Market Value, by Product, 2017 – 2027 (US$ Mn)
10.6.2.2 MEA DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
10.6.2.3 MEA DP Market Value, by Application, 2017 – 2027 (US$ Mn)
10.6.3 Latin America
10.6.3.1 Latin America DP Market Value, by Product, 2017 – 2027 (US$ Mn)
10.6.3.2 Latin America DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
10.6.3.3 Latin America DP Market Value, by Application, 2017 – 2027 (US$ Mn)
Chapter 11 Company Profiles
11.1 Airbotics
11.2 Airware Inc.
11.3 BAE Systems Inc.
11.4 Cyberhawk Innovations Limited
11.5 DJI
11.6 Parrot SA
11.7 Phoenix LiDAR Systems
11.8 PrecisionHawk
11.9 Sharper Shape Inc.
11.10 Sky-Futures Ltd.
11.11 Skyx
11.12 Unmanned Experts Inc.
* Here we are using DP as a short form of Drone for Petroleum
TABLE 1 Market Snapshot: Global Drone for Petroleum (DP) Market Value
TABLE 2 North America DP Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 3 North America DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
TABLE 4 North America DP Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 5 North America DP Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 6 U.S. DP Market Value, by Product 2017– 2027 (US$ Mn)
TABLE 7 U.S. DP Market Value, by Technology 2017– 2027 (US$ Mn)
TABLE 8 U.S. DP Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 9 Canada DP Market Value, by Product 2017– 2027 (US$ Mn)
TABLE 10 Canada DP Market Value, by Technology 2017– 2027 (US$ Mn)
TABLE 11 Canada DP Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 12 Europe DP Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 13 Europe DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
TABLE 14 Europe DP Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 15 Europe DP Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 16 U.K. DP Market Value, by Product 2017 – 2027 (US$ Mn)
TABLE 17 U.K. DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
TABLE 18 U.K. DP Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 19 Germany DP Market Value, by Product, 2017– 2027 (US$ Mn)
TABLE 20 Germany DP Market Value, by Technology 2017 – 2027 (US$ Mn)
TABLE 21 Germany DP Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 22 France DP Market Value, by Product 2017– 2027 (US$ Mn)
TABLE 23 France DP Market Value, by Technology 2017– 2027 (US$ Mn)
TABLE 24 France DP Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 25 Rest of Europe DP Market Value, by Product 2017 – 2027 (US$ Mn)
TABLE 26 Rest of Europe DP Market Value, by Technology 2017 – 2027 (US$ Mn)
TABLE 27 Rest of Europe DP Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 28 Asia Pacific DP Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 29 Asia Pacific DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
TABLE 30 Asia Pacific DP Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 31 Asia Pacific DP Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 32 China DP Market Value, by Product 2017 – 2027 (US$ Mn)
TABLE 33 China DP Market Value, by Technology 2017 – 2027 (US$ Mn)
TABLE 34 China DP Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 35 Japan DP Market Value, by Product 2017 – 2027 (US$ Mn)
TABLE 36 Japan DP Market Value, by Technology 2017 – 2027 (US$ Mn)
TABLE 37 Japan DP Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 38 India DP Market Value, by Product 2017 – 2027 (US$ Mn)
TABLE 39 India DP Market Value, by Technology 2017 – 2027 (US$ Mn)
TABLE 40 India DP Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 41 Rest of Asia Pacific DP Market Value, by Product 2017 – 2027 (US$ Mn)
TABLE 42 Rest of Asia Pacific DP Market Value, by Technology 2017 – 2027 (US$ Mn)
TABLE 43 Rest of Asia Pacific DP Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 44 RoW DP Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 45 RoW DP Market Value, by Technology, 2017 – 2027 (US$ Mn)
TABLE 46 RoW DP Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 47 RoW DP Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 48 RoW DP Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 49 MEA DP Market Value, by Product 2017 – 2027 (US$ Mn)
TABLE 50 MEA DP Market Value, by Technology – 2027 (US$ Mn)
TABLE 51 MEA DP Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 52 Latin America DP Market Value, by Product – 2027 (US$ Mn)
TABLE 53 Latin America DP Market Value, by Technology – 2027 (US$ Mn)
TABLE 54 Latin America DP Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 55 Airbotics: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 56 Airware Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 57 BAE Systems Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 58 Cyberhawk Innovation Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 59 DJI: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 60 Parrot SA: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 61 Phoenix LiDAR Systems: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 62 PrecisionHawk: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 63 Sharper Shape Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 64 Sky-Futures Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 65 Skyx: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 66 Unmanned Experts Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Drone for Petroleum (DP) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global DP Market Segmentation
FIG. 4 Global DP Market, by Product, 2018 (US$ Mn)
FIG. 5 Global DP Market, by Technology, 2018 (US$ Mn)
FIG. 6 Global DP Market, by Application, 2018 (US$ Mn)
FIG. 7 Global DP Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Market Positioning of Key DP Vendors, 2018
FIG. 10 Global DP Market Value Share, by Product, 2018 & 2027 (Value, %)
FIG. 11 Global DP Market Value from Fixed Wing Drone, 2017 – 2027(US$ Mn)
FIG. 12 Global DP Market Value from Rotary Blade Drone, 2017 – 2027(US$ Mn)
FIG. 13 Global DP Market Value from Hybrid Drone, 2017 – 2027(US$ Mn)
FIG. 14 Global DP Market Value Share, by Technology, 2018 & 2027 (Value, %)
FIG. 15 Global DP Market Value from Remotely Operated, 2017 – 2027(US$ Mn)
FIG. 16 Global DP Market Value from Semi-Autonomous, 2017 – 2027(US$ Mn)
FIG. 17 Global DP Market Value from Autonomous, 2017 – 2027(US$ Mn)
FIG. 18 Global DP Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 19 Global DP Market Value from Inspection & Monitoring, 2017 – 2027(US$ Mn)
FIG. 20 Global DP Market Value from Data Gathering, 2017 – 2027(US$ Mn)
FIG. 21 Global DP Market Value from Leakage & Damage Detection, 2017 – 2027(US$ Mn)
FIG. 22 Global DP Market Value from Others, 2017 – 2027(US$ Mn)