The inspection drone for confined spacemarket was valued at US$ 795.12 million in 2019 and is projected to reach US$ 1,936.32 million by 2027; it is expected to grow at a CAGR of 12.1% during the forecast period 2020 and 2027.
Inspection of confined areas is expensive, time-consuming, and sometimes involves danger to human lives; thus, the use of drones to inspect confined areas is gaining immense traction in diverse applications. Furthermore, these drones offer other benefits to users by adding extra features such as the installation of IR cameras, which provide advanced visual and data analytics capability,allowing the evaluation of actual asset status and maintenance needs. Drones are anticipated to become prominent in various inspection applications that meet the 4D criteria: Dirty, Dust, Distant, and Dull. With the rising cost pressure among industrial service companies and asset operators, inspection leveraging drones optimize time and save cost, enhance quality and performance. With these benefits, inspection drones for confined spaces help companies secure a competitive edge.
Impact of COVID-19 Pandemic on Inspection Drone for Confined Space Market
The COVID-19 pandemic has notably disrupted supply chain activities and plummetedthe demand for inspection drones across several industries. Factors such as restrictions in import and export of goods, and challenges in transportation owing to the nationwide lockdown across several countries, along with temporary discontinuation of production and manufacturing activities, have collectively declined the demand for inspection drones. However, the overall drone industry is witnessing growth opportunities during the past few yearsin applications such as surveillance, monitoring, delivery, and disinfection activities. Moreover, the Inspection Drone for Confined Space market is expected to gain momentum during the coming months as various governments are considering steps and reforms to revive the overall economic activities.
Lucrative Regions of Inspection Drone for Confined Space Market
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Inspection Drone for Confined Space Market Insights
Reduced Maintenance Costs
Building scaffolding to conduct manual inspection is an expensive process; also, manual inspections often fail tofind the exact problem that requires fixing. By using dronesfor inspection, companies can reduce the actual maintenance costs by up to 80–90%. Also, drones are equipped with sensors to perform tasks other than just visual inspections. For instance, an agricultural drone for an indoor farming application is equipped with multispectral sensors, allowing farmers record crop images in distinct spectral bands. Further, the installation ofa thermal camera in drones for HVAC inspections helps identify heat leak in a building.
Drone Type-Based MarketInsights
Inspection isa key application ofdrones; however, the selection of drone differs from industry to industry, depending on the complexity of the task. Based on drone type, the inspection drone for confined space market is furtherbifurcatedinto quadrotor drone and multirotor drones. Quadrotor drones, commonly known as quadcopters, are capable of flying in any direction;also, they smoothly hover in any specific place. Although the control system between quadrotor and helicopters considerably varydue to the flying dynamics, quadrotor can perform vertical take-off and landings similar to helicopters. A quadrotor is equipped with four rotor arms and are available in various sizes; itcan also carry smaller payloads, e.g., a camera. They are widely used in inspection operations across energy installations fields such as oil refineries, construction sites, and mining.
Inspection Drone for Confined SpaceMarket, by Drone Type– 2019 and2027
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Application-BasedMarket Insights
Inspection tasks in confined spaces in diverse industries, such as oil & gas, construction, and marine, can be difficult,time-consuming, dangerous, and expensive. Further, confined spaces can be riskyfor humans. Also, limited accessibility and visibility may restrict the inspector’s ability to perform an effective and comprehensive inspection of confined spaces. Companies across the world are leveraging robots, including drones, to safely inspect various confined spaces in their facilities, including tanks, boilers, pipes, tunnels, and chimneys. Drones help reducing time and cost of equipment and labor, along with lowering risk factors to human workers.
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Inspection Drone for Confined Space Market: Strategic Insights
Market Size Value in US$ 795.12 Million in 2019 Market Size Value by US$ 1,936.32 Million by 2027 Growth rate CAGR of 12.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Inspection Drone for Confined Space Market: Strategic Insights
| Market Size Value in | US$ 795.12 Million in 2019 |
| Market Size Value by | US$ 1,936.32 Million by 2027 |
| Growth rate | CAGR of 12.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The players in the inspection drone for confined spacemarket focus on strategies such as market initiatives, acquisitions, and product launchesto maintain their positions in the market. A few developmentsby key players are listed below:
In 2020, MFE Enterprises, Inc. finalized an agreement to expand the US territory under which it would sell Flyability’s drones, the Elios and the Elios 2. The agreement providesan exclusive right to MFE Enterprises to sell Flyability’s collision-tolerant dronesfor inspectingand monitoringin the11US states.
In 2019, Digital Aerolus launched a new UAV Aertos 130IR for mining, infrastructure, and power plant inspections. The drone uses AI and patented autonomous technology to fly without needing GPS or external sensors.
Inspection Drone for Confined Space Market – by Type
- Quadrotor Drone
- Multi Rotor Drone
Inspection Drone for Confined Space Market– by Application
- Oil and Gas
- Power Generation
- Mining
- Chemicals
- Marine Vessels
- Others
Inspection Drone for Confined Space Market– by Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Inspection Drone for Confined Space Market –CompanyProfiles
- Digital Aerolus
- Drone Volt
- Flyability SA
- Imaze Tech Ltd.
- Interactive Aerial, Inc.
- Multinov
- Performance Rotors Pte. Ltd.
- Scout Drone Inspection AS
- Skypersonic Inc
- Terra Drone Corp.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Drone Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Inspection Drone for Confined Space Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Inspection Drone for Confined Space Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Reduction in Maintenance Expenses
5.1.2 Ensuring Human Safety
5.2 Market Restraints
5.2.1 High Technical Complexities
5.3 Market Opportunities
5.3.1 Emergence of New Distribution Channels
5.3.2 Huge Scope of Partnerships and Collaborations Amongst Market Players
5.4 Future Trends
5.4.1 Extensive R&D Investments
5.5 Impact Analysis of Drivers and Restraints
6. Inspection Drone for Confined Space – Global Market Analysis
6.1 Inspection Drone for Confined Space Market Overview
6.2 Inspection Drone for Confined Space Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Inspection Drones For Confined Spaces Market – By Drone type
7.1 Overview
7.2 Inspection drones for confined spaces Market, by Drone type (2019 and 2027)
7.3 Quadrotor Drone
7.3.1 Overview
7.3.2 Quadrotor Drone: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Multi Rotor Drone
7.4.1 Overview
7.4.2 Multi Rotor Drone: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
8. Inspection Drones For Confined Spaces Market Analysis – By Application
8.1 Overview
8.2 Inspection drones for confined spaces Market, By Application (2019 and 2027)
8.3 Oil & Gas
8.3.1 Overview
8.3.2 Oil & Gas: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Power Generation
8.4.1 Overview
8.4.2 Power Generation: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Mining
8.5.1 Overview
8.5.2 Mining: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Chemicals
8.6.1 Overview
8.6.2 Chemicals: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Marine Vessels
8.7.1 Overview
8.7.2 Marine Vessels: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
9. Inspection Drone for Confined Spaces Market – Geographic Analysis
9.1 Overview
9.2 North America: Inspection Drone for Confined Spaces Market
9.2.1 North America: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Inspection Drone for Confined Spaces Market, by Drone Type
9.2.3 North America: Inspection Drone for Confined Spaces Market, by Application
9.2.4 North America: Inspection Drone for Confined Spaces Market, by Key Country
9.2.4.1 US: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Inspection Drone for Confined Spaces Market, by Drone Type
9.2.4.1.2 US: Inspection Drone for Confined Spaces Market, by Application
9.2.4.2 Canada: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Inspection Drone for Confined Spaces Market, by Drone Type
9.2.4.2.2 Canada: Inspection Drone for Confined Spaces Market, by Application
9.2.4.3 Mexico: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Inspection Drone for Confined Spaces Market, by Drone Type
9.2.4.3.2 Mexico: Inspection Drone for Confined Spaces Market, by Application
9.3 Europe: Inspection Drone for Confined Spaces Market
9.3.1 Europe: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Inspection Drone for Confined Spaces Market, by Drone Type
9.3.3 Europe: Inspection Drone for Confined Spaces Market, by Application
9.3.4 Europe: Inspection Drone for Confined Spaces Market, by Key Country
9.3.4.1 Germany: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Inspection Drone for Confined Spaces Market, by Drone Type
9.3.4.1.2 Germany: Inspection Drone for Confined Spaces Market, by Application
9.3.4.2 France: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Inspection Drone for Confined Spaces Market, by Drone Type
9.3.4.2.2 France: Inspection Drone for Confined Spaces Market, by Application
9.3.4.3 Italy: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Inspection Drone for Confined Spaces Market, by Drone Type
9.3.4.3.2 Italy: Inspection Drone for Confined Spaces Market, by Application
9.3.4.4 UK: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Inspection Drone for Confined Spaces Market, by Drone Type
9.3.4.4.2 UK: Inspection Drone for Confined Spaces Market, by Application
9.3.4.5 Russia: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Inspection Drone for Confined Spaces Market, by Drone Type
9.3.4.5.2 Russia: Inspection Drone for Confined Spaces Market, by Application
9.3.4.6 Rest of Europe: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Inspection Drone for Confined Spaces Market, by Drone Type
9.3.4.6.2 Rest of Europe: Inspection Drone for Confined Spaces Market, by Application
9.4 APAC: Inspection Drone for Confined Spaces Market
9.4.1 APAC: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Inspection Drone for Confined Spaces Market, by Drone Type
9.4.3 APAC: Inspection Drone for Confined Spaces Market, by Application
9.4.4 APAC: Inspection Drone for Confined Spaces Market, by Key Country
9.4.4.1 China: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 China: Inspection Drone for Confined Spaces Market, by Drone Type
9.4.4.1.2 China: Inspection Drone for Confined Spaces Market, by Application
9.4.4.2 India: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 India: Inspection Drone for Confined Spaces Market, by Drone Type
9.4.4.2.2 India: Inspection Drone for Confined Spaces Market, by Application
9.4.4.3 Japan: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 Japan: Inspection Drone for Confined Spaces Market, by Drone Type
9.4.4.3.2 Japan: Inspection Drone for Confined Spaces Market, by Application
9.4.4.4 South Korea: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 South Korea: Inspection Drone for Confined Spaces Market, by Drone Type
9.4.4.4.2 South Korea: Inspection Drone for Confined Spaces Market, by Application
9.4.4.5 Australia: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 Australia: Inspection Drone for Confined Spaces Market, by Drone Type
9.4.4.5.2 Australia: Inspection Drone for Confined Spaces Market, by Application
9.4.4.6 Rest of APAC: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Inspection Drone for Confined Spaces Market, by Drone Type
9.4.4.6.2 Rest of APAC: Inspection Drone for Confined Spaces Market, by Application
9.5 MEA: Inspection Drone for Confined Spaces Market
9.5.1 MEA: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Inspection Drone for Confined Spaces Market, by Drone Type
9.5.3 MEA: Inspection Drone for Confined Spaces Market, by Application
9.5.4 MEA: Inspection Drone for Confined Spaces Market, by Key Country
9.5.4.1 South Africa: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Inspection Drone for Confined Spaces Market, by Drone Type
9.5.4.1.2 South Africa: Inspection Drone for Confined Spaces Market, by Application
9.5.4.2 Saudi Arabia: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Inspection Drone for Confined Spaces Market, by Drone Type
9.5.4.2.2 Saudi Arabia: Inspection Drone for Confined Spaces Market, by Application
9.5.4.3 UAE: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Inspection Drone for Confined Spaces Market, by Drone Type
9.5.4.3.2 UAE: Inspection Drone for Confined Spaces Market, by Application
9.5.4.4 Rest of MEA: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Inspection Drone for Confined Spaces Market, by Drone Type
9.5.4.4.2 Rest of MEA: Inspection Drone for Confined Spaces Market, by Application
9.6 SAM: Inspection Drone for Confined Spaces Market
9.6.1 SAM: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Inspection Drone for Confined Spaces Market, by Drone Type
9.6.3 SAM: Inspection Drone for Confined Spaces Market, by Application
9.6.4 SAM: Inspection Drone for Confined Spaces Market, by Key Country
9.6.4.1 Brazil: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Inspection Drone for Confined Spaces Market, by Drone Type
9.6.4.1.2 Brazil: Inspection Drone for Confined Spaces Market, by Application
9.6.4.2 Argentina: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Inspection Drone for Confined Spaces Market, by Drone Type
9.6.4.2.2 Argentina: Inspection Drone for Confined Spaces Market, by Application
9.6.4.3 Rest of SAM: Inspection Drone for Confined Spaces Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Inspection Drone for Confined Spaces Market, by Drone Type
9.6.4.3.2 Rest of SAM: Inspection Drone for Confined Spaces Market, by Application
10. Impact of COVID-19 Pandemic- Inspection Drone for Confined Space Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
12. Company Profiles
12.1 Performance Rotors Pte. Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Terra Drone Corp.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Interactive Aerial, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Scout Drone Inspection AS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Multinov
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 DRONE VOLT
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Skypersonic Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Digital Aerolus
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Flyability SA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Imaze Tech Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Inspection Drone for Confined Space Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. North America: Inspection Drone for Confined Spaces Market, by Drone Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Inspection Drone for Confined Spaces Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Europe: Inspection Drone for Confined Spaces Market, by Drone Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe: Inspection Drone for Confined Spaces Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Germany: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. Germany: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 14. France: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 15. France: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 16. Italy: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 17. Italy: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 18. UK: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 19. UK: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 20. Russia: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 24. APAC: Inspection Drone for Confined Spaces Market, by Drone Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC: Inspection Drone for Confined Spaces Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 26. China: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 27. China: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 28. India: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 29. India: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 30. Japan: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 31. Japan: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 32. South Korea: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 33. South Korea: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 34. Australia: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 35. Australia: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of APAC: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 37. Rest of APAC: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 38. MEA: Inspection Drone for Confined Spaces Market, by Drone Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. MEA: Inspection Drone for Confined Spaces Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 40. South Africa: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 41. South Africa: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 42. Saudi Arabia: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 43. Saudi Arabia: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 44. UAE: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 45. UAE: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of MEA: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of MEA: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 48. SAM: Inspection Drone for Confined Spaces Market, by Drone Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. SAM: Inspection Drone for Confined Spaces Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 50. Brazil: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 51. Brazil: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 52. Argentina: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 53. Argentina: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of SAM: Inspection Drone for Confined Spaces Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of SAM: Inspection Drone for Confined Spaces Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. Inspection Drone for Confined Space Market Segmentation
Figure 2. Inspection Drone for Confined Space Market Segmentation – By Geography
Figure 3. Global Inspection Drone for Confined Space Market Overview
Figure 4. Global Inspection Drone for Confined Space Market Outlook
Figure 5. Global Inspection Drone for Confined Space Market – Regional Analysis
Figure 6. Global Inspection Drone for Confined Space Market – Drone Type Analysis
Figure 7. Global Inspection Drone for Confined Space Market – Application Analysis
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Inspection Drone for Confined Space Market – Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Inspection Drones for Confined Spaces Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Inspection Drone for Confined Space Market
Figure 17. Global: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Inspection drones for confined spaces Market Revenue Share, by Drone type (2019 and 2027)
Figure 19. Quadrotor Drone: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Multi Rotor Drone: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Inspection drones for confined spaces Market Revenue Share, by Application (2019 and 2027)
Figure 22. Oil & Gas: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Power Generation: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Mining: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Chemicals: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Marine Vessels: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Others: Inspection drones for confined spaces Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Inspection Drone for Confined Spaces Market Revenue Share, By Region (2019 and 2027)
Figure 29. North America: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 30. North America: Inspection Drone for Confined Spaces Market Revenue Share, by Drone Type (2019 and 2027)
Figure 31. North America: Inspection Drone for Confined Spaces Market Revenue Share, by Application (2019 and 2027)
Figure 32. North America: Inspection Drone for Confined Spaces Market Revenue Share, by Key Country (2019 and 2027)
Figure 33. US: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 34. Canada: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 35. Mexico: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 36. Europe: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 37. Europe: Inspection Drone for Confined Spaces Market Revenue Share, by Drone Type (2019 and 2027)
Figure 38. Europe: Inspection Drone for Confined Spaces Market Revenue Share, by Application (2019 and 2027)
Figure 39. Europe: Inspection Drone for Confined Spaces Market Revenue Share, by Key Country (2019 and 2027)
Figure 40. Germany: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 41. France: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 42. Italy: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 43. UK: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 44. Russia: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 45. Rest of Europe: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 46. APAC: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 47. APAC: Inspection Drone for Confined Spaces Market Revenue Share, by Drone Type (2019 and 2027)
Figure 48. APAC: Inspection Drone for Confined Spaces Market Revenue Share, by Application (2019 and 2027)
Figure 49. APAC: Inspection Drone for Confined Spaces Market Revenue Share, by Key Country (2019 and 2027)
Figure 50. China: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 51. India: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 52. Japan: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 53. South Korea: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 54. Australia: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 55. Rest of APAC: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 56. MEA: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 57. MEA: Inspection Drone for Confined Spaces Market Revenue Share, by Drone Type (2019 and 2027)
Figure 58. MEA: Inspection Drone for Confined Spaces Market Revenue Share, by Application (2019 and 2027)
Figure 59. MEA: Inspection Drone for Confined Spaces Market Revenue Share, by Key Country (2019 and 2027)
Figure 60. South Africa: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 61. Saudi Arabia: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 62. UAE: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 63. Rest of MEA: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 64. SAM: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 65. SAM: Inspection Drone for Confined Spaces Market Revenue Share, by Drone Type (2019 and 2027)
Figure 66. SAM: Inspection Drone for Confined Spaces Market Revenue Share, by Application (2019 and 2027)
Figure 67. SAM: Inspection Drone for Confined Spaces Market Revenue Share, by Key Country (2019 and 2027)
Figure 68. Brazil: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 69. Argentina: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 70. Rest of SAM: Inspection Drone for Confined Spaces Market – Revenue and Forecast To 2027 (US$ Million)
Figure 1. Impact of COVID-19 Pandemic in North American Country Markets
Figure 2. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 3. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 4. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 5. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Inspection Drone for Confined Space Market
- Digital Aerolus
- Drone Volt
- Flyability SA
- Imaze Tech Ltd.
- Interactive Aerial, Inc.
- Multinov
- Performance Rotors Pte. Ltd.
- Scout Drone Inspection AS
- Skypersonic Inc
- Terra Drone Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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