Drone Inspection and Monitoring Market Share, Growth and Trends Analysis by Emergen Research

Global drone inspection and monitoring market size reached USD 9.80 Billion in 2021 and is expected to register a revenue CAGR of 15.8% during the forecast period, according to latest analysis by Emergen Research. Drone inspection methods are becoming increasingly popular over traditional approaches, which is one of the key factors driving market revenue growth.

Current detection methods such as helicopter monitoring, scaffolding, and rope accessibility are time-consuming. However, drone inspection is both time and cost-effective. Consequently, drone inspection technology has received acceptance in a wide range of industries, including oil and gas, energy and utilities, and naval defense. Drone inspection technology has decreased the need for human operators and the risk connected with their lives. These benefits of drone inspection technologies have increased its popularity as compared to traditional approaches.

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However, scarcity of professional remote drones is expected to hamper market revenue growth to some extent during the forecast period. Drone pilots with skills and experience are expected to operate drones to monitor offshore and onshore facilities, but pilot constraint is expected to hamper market growth. Drone pilots in the US must have an authorized civil aviation certificate issued by the Federal Aviation Administration (FAA).