Oil & Gas Drones Market 2017-2022 / Demands and Projected market Growth

Press Release

The aerospace industry is expanding on a regular basis in various sectors of the globe, may it be for scientific use, commercial use, agricultural use, recreational use or even for surveillance use. Consequently, it has stepped in the Oil & gas market as well. Drones (UAVs) are a special component of this industry that normally works in association with monitoring the Pipelines, Roads, Buildings, bridges, storage tanks and many more. Basically, they are the main players in the Oil & gas industry taking into account the falling Oil & gas prices.

The Global Oil & Gas Drones Market is forecasted to reach USD XXX million at the offset of 2022, growing at a CAGR of approximately XX% from 2017 to 2022.

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Market Dynamics

There remain many factors acting as the driving and constraining force for the market.
Driving factors:
– Falling Oil & Gas prices
– Increasing safety requirement for industry operators
– Lightweight and Durable
– Increase in demand for innovative technologies
Constraint factors:
– High Accident rate
– Stringent Government Regulations
– Lack of Technological advances to process raw data

Market Segmentation

The Global Oil & Gas Drones Market is segmented on the basis of the product type and Application.
– Segmentation based on Product type includes
> Single Rotor
> Multi Rotor
> Fixed wing
> Hybrid & Nano Drones
– Segmentation based on Application type includes
> Agriculture
> Mining
> Inspection
> Construction
> Oil & gas
> Surveying and many more.

Regional/Geographic Analysis

The Oil & Gas Drones Market is segmented into various regions which mainly comprises of Asia-pacific, Latin America, Middle East, North America, Europe, and other parts. Out of the regions, Asia-pacific with China and India in its fence is estimated to be the most promising regions because of their increasing boundary based conflicts.

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Key Players

Some of the major players in the market include:
– Textron Inc.
– Altavian Inc.
– BAE Systems Inc.
– Aeryon Labs Inc.
– Leonardo S.P.A.
– Boeing

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