Drone Inspection and Monitoring Market Size

Drone Inspection and Monitoring Market Size

Drone Inspection and Monitoring Market size reached USD 10 billion in 2022 and is poised to exhibit over 15% CAGR between 2023 and 2032. The increased number of new wind turbine installations is expected to propel the busines growth. A wind turbine is a device that uses the kinetic energy of the wind to generate electricity. Drones are used to inspect wind turbine blades, extending their life by reducing safety hazards, hired workforce, and costs. Major companies are developing new technologies to strengthen their position.

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The drone inspection and monitoring market has witnessed significant growth owing to the advent of advanced technologies and advantages it offers such as reduced costs, increased human safety, and improved efficiency. By deploying drones for inspection & monitoring purposes, humans, airplanes, helicopters, and organizations can now achieve previously inaccessible levels of visibility at reasonable cost, rather than employing traditional methods. Drones are used to improve worker safety and provide access to asset information in numerous dynamic & complex industries. Inspections and monitoring done by drones can accurately identify the problems that require attention most of the time. Human inspectors are not as effective as drones while performing inspections and monitoring.

The short flight duration and limited payload capacity may hamper market growth. They cannot fly for more than 15 to 30 minutes before needing to be replaced or recharged. To complicate matters further, flying duration decreases as payload increases. This results in frequent intervals during demanding tasks such as bridge inspection and monitoring or reacting to major disasters. The drones are unable to complete long-duration tasks due to these limitations.