What is Oil & Gas Drones?
Drones for oil and gas are equipped with infra-red cameras of very high resolution for capturing minute details in the oil & gas industry. They can be employed effortlessly around flare stacks, oil rigs, and along miles of pipeline for monitoring of leaks or gas emissions, detecting spills, corrosion, heat spots, and improve safety by eliminating the need for human intervention. It can save millions of dollars for the oil & gas industry by improving on-site safety and reducing maintenance costs. The other type of drones is called gas-operated drones that operate through engines without being completely reliant on batteries. The United States dominates North America, and the increase in offshore oil and gas activities in the region is expected to drive the growth of the market during the forecast period.
The market study is broken down by Type (Onshore Drone and Offshore Drone), by Application (Infrastructure Inspection, Surveying & Mapping, Emergency Response, Security and Surveillance and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Manufacturers from United States will contribute to the maximum growth of Global Oil & Gas Drones market throughout the predicted period.
PrecisionHawk (United States), Intel Corporation (United States), AeroVironment, Inc. (United States), Airobotics (United States), Digital Aerolus (United States), Delair (France), Sky-Futures (United Kingdom), Cyberhawk Innovations Limited (Scotland), Terra Drone (Japan) and Flyability (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Insitu Pacific Pty Ltd (Australia), Aerodyne Group (Malaysia), Aerialtronics DV B.V. (the Netherlands), ideaForge (India), Airborne Drones (South Africa) and Equinox's Drones (India).
AdvanceMarketAnalytics has segmented the market of Global Oil & Gas Drones market by Type, Application and Region.
On the basis of geography, the market of Oil & Gas Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Single-Rotor will boost the Oil & Gas Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. System will boost the Oil & Gas Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On November 05, 2018, PrecisionHawk’s has acquired Uplift Data Partners. Uplift specializes in the delivery of turnkey inspection services for construction, building information management, and real-estate.
In May 2019, Terra Drone Corp has opened its operation office in Angola. This has helped the company to expand its presence in the African market.
- Integration of Artificial Intelligence (AI) With the Drone Along With the Development of Thermal Imaging and Methane Gas Detection
- Increasing Investment in Offshore Exploration, And Production of Oil and Gas
- Rising Investment in Offshore Pipeline Infrastructure, and Advancements in Drone Technology
- Contribution of Artificial Intelligence and Machine Learning to More Advanced Software, More Real-Time Capabilities, and Provide Better Organized Data
- Amendments in Drone Rules & Regulations
- Vulnerability to Cyber Threats May Restrain the Growth of the Market
Key Target AudienceOil & Gas Drones Manufacturers, Parts/Accessories Suppliers, Government Authorities, Oil & Gas Industry, Traders/Exporters/Importers, End-Use Industry and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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