Renewable Drones Market: Market Segments: By Type (Multirotor and Fixed win); By Application (Telecommunications, Automotive, Industrial, Medical, Military, Defense& Aerospace and Others); By End user (Solar and Wind); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

Product Overview

Renewable drones are planned to expand at a rapid pace as the industry focuses on UAV services, line-of-sight applications, ocean-going ship tracking, inspection or wind turbine inspection, inspection of offshore platforms and refineries, monitoring of power lines, and solar panels in the energy sector. As one way to alleviate congestion and enhance air quality in urban areas, passenger drones have been touted. Equipped with thermal cameras, drones make it possible to conduct inspections rapidly and on a scale.

Market Highlights

Renewable Drones Market is expected to project a notable CAGR of 26.5% in 2030.

Renewable Drones Market to surpass USD 152 million by 2030 from USD 42 million in 2019 at a CAGR of 26.5% throughout the forecast period, i.e., 2020-30. The key factors driving the demand for sustainable drones are expected to increase the adoption of drones to reduce the cost of inspection operations based on asset optimization and increasing construction of solar and wind farms.

Renewable Drones Market: Segments

Multirotor segment to grow with the highest CAGR during 2020-30

Renewable Drones Market is segmented by type as multirotor and fixed-wing. The greater market share in 2018 was accounted by multirotor segment owing to various advantages over Fixed wing drones. Vertical takeoffs and landings can be done by multi-rotor planes. For easy inspection, visualization, and modelling, they also need less space to take off can hover mid-flight, and man oeuvre around objects.

Renewable Drones Market: Market Dynamics

Drivers

Growing construction of solar and wind farms

Sector of renewable energy is among the fastest-growing sectors worldwide. With advanced technology, renewable energy plants are being built at a rapid rate, with a rising demand for clean and sustainable energy. Countries are moving their emphasis from traditional sources of energy toward rising renewable energy production. At a CAGR of more than 21% since 2000, wind power has increased.

Restrain

Strict regulations for performing drone operations

Drones are extremely important to utilities for conducting inspection activities. Legal provisions, however have limited development in the drone industry. In certain cases, such as Behind Visual Line of Sight, over a long distance, or at night, these regulations exclude drone operations in particular.

Renewable Drones Market: Key Players

• DJI Enterprise

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• Terra Drone

• Cyberhawk Innovations Limited

• PrecisionHawk

• ULC Robotics

• Sharper Shape Inc.

• Sky Futures

• Asset Drone

• YUNEEC

Renewable Drones Market: Regions

Renewable Drones Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Renewable Drones Market in Asia Pacific held the largest market share of XX.X% in the year 2018 and it is expected to continue its market dominance in the future as the region has a Strong electricity demand owing to an increase in urbanization, industrialization, and population growth. A rapid rise in economic growth will lead to an increase in electricity demand. The region's market is likely to be driven by high investments in renewable energy generation, especially in developing countries such as China and India, and government subsidies for upgrading the renewable energy sector. Owing to the rapidly decreasing prices of solar panels, the area is expected to experience an increase in investment. Due to extensive agricultural land and attempts to minimize the usage of fossil fuel oil, the demand for renewable drones in the Middle East & Africa is expected to grow at a significant pace during the forecast period. Government pollution-free and clean energy policies are also expected to drive the region's green drone market during the forecast period.

Renewable Drones Market report also contains analysis on:

Renewable Drones Market Segments:

By Type:

• Multirotor

• Fixed wing

By Application:

• Telecommunications

• Automotive

• Industrial

• Medical

• Military, Defense& Aerospace

• Others

By End user:

• Solar

o Solar PV

o Solar CSP

• Wind

• Renewable Drones Market Dynamics

• Renewable Drones Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Renewable Drones Market

· Which segment is anticipated to hold the largest market share

· At what CAGR is the market anticipated to grow between 2020 and 2030

· Who are the key players in the Renewable Drones Market

· What could be the challenging factors in the growth of Renewable Drones Market

· What are the growth drivers for the Renewable Drones Market

Contents

1. Executive Summary

2. Renewable Drones Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Renewable Drones Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Renewable Drones Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Renewable Drones: Market Segmentation

12.1. By Regions

12.1.1. North America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Europe:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Asia-Pacific:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. MEA:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Latin America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Type: Market Share (2020-2030F)

12.2.1. Multirotor, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Fixed wing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3 By Application: Market Share (2020-2030F)

12.3.1. Telecommunications, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Automotive, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.4. Medical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.5. Military, Defense& Aerospace, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By End user: Market Share (2020-2030F)

12.2.1. Solar, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Wind, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1.1. DJI Enterprise

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

13.2. Terra Drone

13.3. Cyberhawk Innovations Limited

13.4. Precision Hawk

13.5. ULC Robotics

13.6. Sharper Shape Inc.

13.7. Sky Futures

13.8. Asset Drone

13.9. YUNEEC

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)