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Base Year: 2024
Companies covered: 20
Tables & Figures: 195
Countries covered: 22
Pages: 170
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Inspection Drone in Oil & Gas Market
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Inspection Drone in Oil & Gas Market Size
The global inspection drone in oil & gas market was valued at USD 1 billion in 2024 and is estimated to register a CAGR of 10.8% between 2025 and 2034.
The expansion of monitoring with inspections, as well as advancements in drone technologies, could foster the market. Companies are making efforts to develop their technologies by conducting drone inspections for scheduled maintenance of equipment, monitoring facilities, and reducing risks. For instance, in May 2023, Performance Rotors, which is located in Singapore and specializes in drone inspection solutions, was acquired by XTEND. The acquisition was intended to improve XTEND's human-operated, remote interactive inspection operations capabilities and suits the company’s expansion plans.
Despite AI and machine learning being integrated into drone missions and immensely influencing the approach in which drones are inspected, this is also a pivotal development that will enable drones to process the information concurrently with collection and subsequently solve issues much faster, leading to safe oil and gas operations. Inspections done by drones are likely to increase too, as countries forcefully enact laws that govern and protect human and environmental safety, revealing further steps towards increased automation and optimization within the industry.
The combination and integration of smart analytics have proven to completely revolutionize the oil and gas inspection drone market, providing an exponentially higher level in terms of efficiency and decision-making. With organizations becoming more data-focused, the combination of drone analytics is set to rise, resulting in revolutionized practices and better asset management in the oil and gas sector. At the same time, the market for drone analytics overall seems optimistic, with expectations of reaching an estimated 10 to 23 billion USD in revenue by 2032, with an annual growth rate of 24%.
Inspection Drone in Oil & Gas Market Trends
Inspection drones are becoming increasingly adopted in the oil and gas industry as they help enhance the safety of operators, lower costs, and minimize lag in operations. This new generation of aerial systems allows operators to do remote inspections of sites, meaning they don’t have to place themselves at risk of performing complex maneuvers in dangerous settings. For these drones to go about their work, they are fitted with advanced sensors and high-definition cameras, which allow for the improved inspection of sites, enabling them to gather better information. This leads to the quicker identification of problems in the inspected sites, meaning that mending and repairing can be done quicker, reducing the overall maintenance cost.
A key trend in the market is the emergence of autonomous unmanned drones that combine more advanced integrated sensors and imaging equipment with activities like offshore drilling, inspections of pipelines and their refineries, and so forth. A case in point is the UAM and drone firm in Japan, Terra Drone Corporation, which confirmed in July 2024 that they will collaborate with MODEC towards the enhancement of drone technology for the inspection of offshore engineering as a component of their floating production storage offloading drone systems.
The market has some factors hampering its growth. Integration costs are very high and linked to the importing of most of the drone technology. Also, companies face data integrity and synthesis issues in data drones as they have to integrate and analyze billions of weak signals. In addition, the operational expenses of new drone systems may deter many companies with lower budgets. The shortage of qualified professionals, which is necessary for the operation of these drones, must be addressed by allocating funds for the appropriate training of personnel, thus slowing down the rate of growth of the market.
Inspection Drone in Oil & Gas Market Analysis
Based on drone, the market is divided into fixed-wing drone, rotary-wing drone, and hybrid drone. In 2024, the rotary-wing drone segment was valued at over USD 470 million.
Based on operation, the inspection drone in oil & gas market is categorized into upstream, midstream, and downstream. The upstream segment is anticipated to register a CAGR of over 9% from 2025 to 2034.
North America dominated the global inspection drone in oil & gas market with a major share of over 30% in 2024.
Inspection Drone in Oil & Gas Market Share
DJI Enterprise, Terra Drone, and IdeaForge collectively hold a significant market share of over 12% in inspection drone in oil & gas industry.
Inspection Drone in Oil & Gas Market Companies
Major players operating in the inspection drone in oil & gas industry include:
The need for sophisticated inspection drones in the oil and gas industry has perhaps increased with the growing intricacies within the sector, as well as the shift to a greater emphasis on efficiency and sustainability. As a consequence of this trend, local companies have started pursuing technological adoption through the formation of new partnerships, as well as investing in R&D to improve their drones for remote monitoring, asset integrity, and analytics purposes. The expected increase in M&As is likely to further consolidation in light of the rapid growth within the drones-as-a-service market in this regard.
As drones become increasingly popular in the oil and gas industry, the competitive landscape will change, as both global enterprises and local players will seek to strengthen their capabilities to provide this cutting-edge technology. Such innovations will enhance safety, efficiency, and effectiveness in this industry. Moreover, big global companies have been buying up small companies to consolidate advanced technologies such as AI, thermal imaging, LiDAR, and remote sensing into their processes for enhanced safety, data collection, and analysis.
Inspection Drone in Oil & Gas Industry News
The inspection drone in oil & gas market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and shipment (Units) from 2021 to 2034, for the following segments:
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Market, By Drone
Market, By Payload
Market, By Operation
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: