Drones are being increasingly used in the agriculture and renewable energy sector for various purposes. The drones allow the inspection to be carried out quickly and at a large scale. The usage of drones for monitoring solar panels or wind turbines is gaining popularity and helps in transmitting data, which is used for predictive analytics.

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The global renewable drones market is anticipated to grow at a sustainable rate in the next six years. This is mainly due to the accelerating adoption of drones for decreasing the cost of inspection operation, along with the rising emphasis on asset optimization at the global level. Moreover, the constant growth of the construction of solar and wind farm is further contributing to the growth of the market in the coming years. The solar farms have large installations, which has surged the need for a thermal camera that can scan the entire farm for defects in a faster speed as compared to the hand-held thermal camera on the ground. A drone can conduct an inspection of 1 wind turbine in around 40 minutes. Thus, the ability of drones to deliver faster, accurate, and economical solutions for solar and wind farm inspections is another major factor that is surging the demand of the market.

The constant growth in the renewable energy sector is opening new doors for the demand of drones. The renewable energy plants are being developed at a faster pace by using advanced technologies to cope up with the strong demand for clean and sustainable energy. This factor is bringing numerous growth opportunities for the market. Additionally, the increasing demand for UAVs, particularly for the line-of-sight applications, to observe ocean-going ships, to inspect offshore platforms and refineries, and to monitor power lines and solar panels, is further energizing the demand for drones around the world. On the other edge, the various legal regulations for performing drone operations is a major factor that is likely to hamper the growth of the market.

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Based on the drone type, the multirotor segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly to the numerous advantages offered by multi-rotor aircraft as compared to fixed-wing drones. The multi-rotor drone need less space to take flight, can hover mid-flight, and manoeuvre around objects for inspection, modeling, and mapping. They are specially designed to be folded down and packed up into smaller cases, which makes them easier to transport.

On the basis of solution, the end-to-end solution segment is expected to witness a faster CAGR in the next six years. The end-to-end solution means that the service provider is supplying the drones and accessories, data analysis, and repots to the client in such a way that no other vendor is involved in capturing the demand. Furthermore, the increasing usage of drones for farm inspection as it involves many complexities that need special expertise to deliver accurate results which will further surge the growth of the segment.

Based on the end-user, the solar segment is expected to dominate the market over the forecast period. The growing demand for solar farm inspection and maintenance among the asset owners, drone service providers, and inspectors is a significant factor that is increase the demand of the segment.

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Based on the region, Asia-pacific region is projected to lead the renewable drone market during the forecast period. The strong demand for electricity driven by rapid urbanization, industrialization, and growing population rate, is encouraging the government to invest in the renewable power generation infrastructure, which will surge the demand for drones in the renewable energy sector. Moreover, the increasing number of subsidies for upgradation of renewable energy sector will further boost the market growth in the region.

Various notable players operating in the market, include Sitemark, ABJ Drones, Parrot Drone SAS, Dronevolt, Siemens, Measure Australia, Advanced Vision Analytics Pte Ltd., PrecisionHawk, Skylark Drones, and Garudauav, among others. 

Key Developments: 

• • In 2020, Siemens won a contract from Trianel Windkraftwerk Borkum II GmbH & Co. KG for a 5-year full scope offshore service and maintenance of Trianel Windpark Borkum II. The installation of the 32 Senvion 6.33-MW turbines were completed in May 2020. TWB II has a total output capacity of 200 MW and generates clean energy for around 200,000 households per year.

The global Renewable Drones Market has been segmented on the basis of Drone Type, Solution, end-users and key regions. Based on Drone Type, the market is segmented into Multirotor and Fixed Wing. Based on Solution, the market is segmented into End-to-End Solution and Point Solution. Based on end-users the market is segmented into Solar and Wind. 

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Key questions answered in this research report:

• • At what pace is global Renewable Drones Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Renewable Drones Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Renewable Drones Market?
  • Which solution generated maximum revenues in 2019 and identify the most promising solutions during the forecast period?
  • What are the various end-user areas of global Renewable Drones Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Drone Type, By Solution, By End-Users, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Sitemark, ABJ Drones, Parrot Drone SAS, Dronevolt, Siemens, Measure Australia, Advanced Vision Analytics Pte Ltd., PrecisionHawk, Skylark Drones, and Garudauav, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Renewable Drones Market by Drone Type

• • Multirotor
  • Fixed wing

Global Renewable Drones Market by Solution

• • End-to-end solution
  • Point solution

Global Renewable Drones Market by End-Users

• • Solar
    • Solar PV
    • Solar CSP
  • Wind

Global Renewable Drones Market by Region

• • North America Renewable Drones Market (Option 1: As a part of the free 25% customization)
    • North America Renewable Drones Market by Drone Type
    • North America Renewable Drones Market by Solution
    • North America Renewable Drones Market by End-Users
    • US Renewable Drones Market All-Up
    • Canada Renewable Drones Market All-Up
  • Europe Renewable Drones Market (Option 2: As a part of the free 25% customization)
    • Europe Renewable Drones Market by Drone Type
    • Europe Renewable Drones Market by Application
    • Europe Renewable Drones Market by Solution
    • Europe Renewable Drones Market by End-Users
    • UK Renewable Drones Market All-Up
    • Germany Renewable Drones Market All-Up
    • France Renewable Drones Market All-Up
    • Spain Renewable Drones Market All-Up
    • Rest of Europe Renewable Drones Market All-Up
  • Asia-Pacific Renewable Drones Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Renewable Drones Market by Drone Type
    • Asia-Pacific Renewable Drones Market by Application
    • Asia-Pacific Renewable Drones Market by Solution
    • Asia-Pacific Renewable Drones Market by End-Users
    • China Renewable Drones Market All-Up
    • India Renewable Drones Market All-Up
    • Japan Renewable Drones Market All-Up
    • Rest of APAC Renewable Drones Market All-Up
  • RoW Renewable Drones Market (Option 4: As a part of the free 25% customization)
    • RoW Renewable Drones Market by Drone Type
    • RoW Renewable Drones Market by Application
    • RoW Renewable Drones Market by Solution
    • RoW Renewable Drones Market by End-Users
    • Brazil Renewable Drones Market All-Up
    • South Africa Renewable Drones Market All-Up
    • Saudi Arabia Renewable Drones Market All-Up
    • UAE Renewable Drones Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Renewable Drones Market All-Up

Global Renewable Drones Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sitemark
  • ABJ Drones
  • Parrot Drone SAS
  • Dronevolt
  • Siemens
  • Measure Australia
  • Advanced Vision Analytics Pte Ltd.
  • PrecisionHawk
  • Skylark Drones
  • Garudauav