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North America Inspection Drone for Confined Space Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Drone Type (Quadrotor Drone and Multi Rotor Drone), and Application (Oil and Gas, Power Generation, Mining, Chemicals, Marine Vessels, and Others)

Code: TIPRE00015412 | Pages: 89 | Industry: Aerospace and Defense | Date: Oct 2020
Covid

Market Introduction

Inspection of confined areas is expensive, time-consuming, and sometimes involves danger to human lives. Thus, drones' use to inspect such hard-to-areas confined areas is gaining immense traction in diverse applications. Furthermore, these inspection drone for confined space can offer other benefits to the users by enabling them to add extra features, such as the installation of IR cameras, which provides advanced visual and data analytics capability. It allows the company to evaluate the actual status of the asset and maintenance need. Inspection drone for confined space are anticipated to become prominent in various inspection applications that meet the 4D criteria: Dirty, Dust, Distant, and Dull. With rising cost pressure among industrial service companies as well as asset operators, inspection leveraging drones optimize time and cost savings enhance quality and performance, thus helping companies secure a competitive edge which ultimately drives the inspection drone for confined space market. Since cost being a major factor, hence the decreased cost of maintenance is expected to create a significant demand for inspection drone for confined space in the coming years, which is further anticipated to drive the North America inspection drone for confined space market.

Furthermore, in case of COVID-19, North America is highly affected specially US. North America is one of the most critical regions for the adoption and growth of new technologies. It is due to favorable government policies to boost innovation, the presence of a vast industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region's economic growth negatively, which also affects the inspection drone for confined space market. The US is a significant market for inspection drone for confined space. The massive increase in the number of confirmed cases and rising reported deaths in the country affects the inspection drone for confined space market as a result, several manufacturing industries witnessed a decline in their production capabilities resulting in lower demand for inspection or drone based services. The factory and business shutdowns across the US, Canada, and Mexico has impacted the adoption of the inspection drone for confined space market. Thus, the coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Thus, the inspection drone for confined space market is expected to witness a major drop in the demand from the supply side for the current year and the subsequent years to recover steadily from the impact of COVID-19 pandemic.

Market Overview and Dynamics

The inspection drone for confined space market in North America is expected to grow from US$ 253.42 million in 2019 to US$ 606.07 million by 2027; it is estimated to grow at a CAGR of 11.8% from 2020 to 2027. The inspection drone for confined space market offers potential opportunities to the manufacturers in terms of partnerships. These players can partner with several distributors and suppliers of different engineering and mechanical components required to manufacture drones. These components include motors, chassis, radio receivers, propellers, and battery chargers, among others which are useful in inspection drone for confined space market. Furthermore, the scope of partnerships to exchange technical and scientific knowledge is vast among inspection drone for confined space market players. Remote monitoring, artificial intelligence (AI), and computer programming are certain fields of science and technology widely used for manufacturing and operating inspection drones. The high degree of complexities involved in the manufacturing and operations of inspection drones offers technological collaboration opportunities. Collaborations and partnerships amongst players offer white space for development in the inspection drones and all these factors ultimately drives the demand of inspection drone for confined space market in North America.

Key Market Segments

In terms of drone type, the quadrotor drone segment accounted for the largest share of the North America inspection drone for confined space market in 2019. Further based on application, the oil and gas segment held a larger market share of the North America inspection drone for confined space market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the inspection drone for confined space market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Digital Aerolus; DRONE VOLT; Flyability SA; Interactive Aerial, Inc.; Skypersonic Inc.

Reasons to buy report

  • To understand the North America inspection drone for confined space market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America inspection drone for confined space market
  • Efficiently plan M&A and partnership deals in North America inspection drone for confined space market by identifying market segments with the most promising probable sales  
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America inspection drone for confined space market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America Inspection Drone for Confined Space Market Segmentation

Inspection Drone for Confined Space Market - By Drone Type

  • Quadrotor Drone
  • Multi Rotor Drone

Inspection Drone for Confined Space Market - By Application

  • Oil and Gas
  • Power Generation
  • Mining
  • Chemicals
  • Marine Vessels

Inspection Drone for Confined Space Market - By Country

  • US
  • Canada
  • Mexico

Inspection Drone for Confined Space Market - Company Profiles.

  • Digital Aerolus
  • DRONE VOLT
  • Flyability SA
  • Interactive Aerial, Inc.
  • Skypersonic Inc.

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.           North America Inspection Drone for Confined Space Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Inspection Drone for Confined Space Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Maintenance Cost Witnessing Decrement

5.1.2        Securing Human Safety Concerns

5.2         Market Restraints

5.2.1        More Technical Intricacies

5.3         Market Opportunities

5.3.1        Arrival of Latest Distribution Channels

5.3.2        Greater Opportunities of Partnerships and Collaborations for Market Players

5.4         Future Trends

5.4.1        Substantial R&D Investments

5.5         Impact Analysis of Drivers and Restraints

6.           Inspection Drone for Confined Space Market – North America Analysis

6.1         North America Inspection Drone for Confined Space Market Overview

6.2         North America Inspection Drone for Confined Space Market – Revenue, and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           North America Inspection Drone For Confined Space Market – By Drone type

7.1         Overview

7.2         North America Inspection Drone for Confined Space Market, by Drone type (2019 and 2027)

7.3         Quadrotor Drone

7.3.1        Overview

7.3.2        Quadrotor Drone: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Multi Rotor Drone

7.4.1        Overview

7.4.2        Multi Rotor Drone: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

8.           North America Inspection Drone For Confined Space Market Analysis – By Application

8.1         Overview

8.2         North America Inspection Drone for Confined Space Market, By Application (2019 and 2027)

8.3         Oil & Gas

8.3.1        Overview

8.3.2        Oil & Gas: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Power Generation

8.4.1        Overview

8.4.2        Power Generation: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Mining

8.5.1        Overview

8.5.2        Mining: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Chemicals

8.6.1        Overview

8.6.2        Chemicals: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

8.7         Marine Vessels

8.7.1        Overview

8.7.2        Marine Vessels: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

8.8         Others

8.8.1        Overview

8.8.2        Others: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

9.           North America Inspection Drone for Confined Space Market – Country Analysis

9.1         Overview

9.1.1        North America: Inspection Drone for Confined Space Market, by Key Country

9.1.1.1          US: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          US: Inspection Drone for Confined Space Market, by Drone Type

9.1.1.1.2          US: Inspection Drone for Confined Space Market, by Application

9.1.1.2          Canada: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Canada: Inspection Drone for Confined Space Market, by Drone Type

9.1.1.2.2          Canada: Inspection Drone for Confined Space Market, by Application

9.1.1.3          Mexico: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Mexico: Inspection Drone for Confined Space Market, by Drone Type

9.1.1.3.2          Mexico: Inspection Drone for Confined Space Market, by Application

10.        Impact of COVID-19 Pandemic- North America Inspection Drone for Confined Space Market

10.1      Overview

11.        Industry Landscape

11.1      Market Initiative

11.2      Merger and Acquisition

12.        Company Profiles

12.1      Interactive Aerial, Inc.

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      DRONE VOLT

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      Skypersonic 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      Digital Aerolus

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      Flyability SA

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

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             North America Inspection Drone for Confined Space Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             US: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)

Table 3.             US: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 4.             Canada: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Mexico: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Mexico: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.               List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Inspection Drone for Confined Space Market Segmentation

Figure 2.           North America Inspection Drone for Confined Space Market Segmentation – By Country

Figure 3.           North America Inspection Drone for Confined Space Market Overview

Figure 4.           North America Inspection Drone for Confined Space Market Outlook

Figure 5.           North America Inspection Drone for Confined Space Market – Country Analysis

Figure 6.           North America Inspection Drone for Confined Space Market – Drone Type Analysis

Figure 7.           North America Inspection Drone for Confined Space Market – Application Analysis

Figure 8.           North America: PEST Analysis

Figure 9.           North America Inspection Drone for Confined Space Market – Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        North America Inspection Drone for Confined Space Market Impact Analysis of Drivers and Restraints

Figure 12.        North America Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        North America Inspection Drone for Confined Space Market Revenue Share, by Drone type (2019 and 2027)

Figure 14.        North America Quadrotor Drone: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        North America Multi Rotor Drone: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        North America Inspection Drone for Confined Space Market Revenue Share, by Application (2019 and 2027)

Figure 17.        North America Oil & Gas: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        North America Power Generation: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        North America Mining: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        North America Chemicals: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        North America Marine Vessels: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        North America Others: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        North America: Inspection Drone for Confined Space Market Revenue Share, by Key Country (2019 and 2027)

Figure 24.        US: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)

Figure 25.        Canada: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)

Figure 26.        Mexico: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)

Figure 27.          Impact of COVID-19 Pandemic in North American Country Markets

  1. Digital Aerolus
  2. DRONE VOLT
  3. Flyability SA
  4. Interactive Aerial, Inc.
  5. Skypersonic Inc.

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America inspection drone for confined space market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the inspection drone for confined space market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the inspection drone for confined space market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 


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