Drone Inspection Market for Oil and Gas Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Process Type (Upstream, Midstream, Downstream); Location (On-Shore, Off-Shore); Application (Security Monitoring, Gas Emissions Monitoring, Spill Detection, Thermal Monitoring, Surveying and Mapping, Others.) and Geography
Report Code: TIPRE00025487
| No. of Pages: 150
| Category: Aerospace and Defense
| Status: Upcoming
Drone inspection for Oil and Gas industry enables the monitoring of the pipeline right-of-ways, inspection of well sites, and management of several oil and gas assets efficiently. It is a flexible, cost-effective way to inspect the oil and gas assets, where traditional methods of inspection prove to be dangerous and time-intensive. These systems deploy an array of visual and advanced sensors to collect data over the assets, which is then processed and analyzed using proprietary algorithms to produce deliverable reports for appropriate action. The prevention of hazards to workers and fast-paced developments in drone-based sensor technology are strengthening the global drone inspection market for oil and gas.
The "Global Drone Inspection Market for Oil and Gas Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Drone Inspection Market for Oil and Gas market with detailed market segmentation by application, immersion technology, platform, end user, and geography. The global Drone Inspection Market for Oil and Gas market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Drone Inspection Market for Oil and Gas market players and offers key trends and opportunities in the market.
On the basis process type, the market is segmented as upstream, midstream, and downstream.
On the basis of location, the market is bifurcated into on-shore and off-shore.
On the basis of application, the market is segmented into Security Monitoring, Gas Emissions Monitoring, Spill Detection, Thermal Monitoring, Surveying and Mapping, and Others.
MARKET DYNAMICS Drivers:
Growing incidents of safety hazards in oil and gas industry
Flexible, time-efficient and operable in complex terrains
Advancement in drone and drone-based imaging and sensor technologies.
Replacement of oil and gas by renewable energy sources
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Drone Inspection Market for Oil and Gas by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Drone Inspection Market for Oil and Gas in these regions.
IMPACT OF COVID-19 ON DRONE INSPECTION MARKET FOR OIL AND GAS MARKET
The COVID-19 impacted the global supply chain resulting in the shortage of supply for Drone Inspection Market for Oil and Gas. Moreover, the global oil and gas industry has emerged as the worst performer in the world economy in terms of post-pandemic performance in the second quarter of 2021. However, the oil and gas companies worldwide have been adopting remote work for inspection and monitoring based applications. Drones provide an effective solution for the inspection of oil and gas fields by reducing human interaction and allowing the decision-makers to act according to the data collected. This factor has led to a rise in demand for drone-based inspection solution across the industry. Therefore, the negative impact of COVID-19 pandemic on the market due to plummeting oil and gas industry has been subsided by the growing requirement of technologies assisting in remote operations.
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The report covers key developments in the Drone Inspection Market for Oil and Gas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Drone Inspection Market for Oil and Gas market are anticipated to lucrative growth opportunities in the future with the rising demand for Drone Inspection Market for Oil and Gas in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Drone Inspection Market for Oil and Gas market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Dacon Inspection Technologies
Scout Drone Inspection AS
TERRA DRONE CORPORATION
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.