Thermal Drones Market Report: Global Industry Growth, Share, Size, Trends, Top Companies and Forecast By 2026

The MarketWatch News Department was not involved in the creation of this content. Sep 21, 2020 (Market Insight Reports) — Selbyville, Delaware: MarketStudyReport.com offers report on Thermal Drones Market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (Market Insight Reports) —
Selbyville, Delaware: MarketStudyReport.com offers report on Thermal Drones Market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2026.

According to credible estimates, the thermal drones market is expected to grow substantially by the year 2026. Rising per capita income coupled with technological advancements in drone technology are major factors driving the thermal drones market growth. Thermal drones offer safer and efficient method of measurement as well as help in saving cost during operational hazards such as fires, production losses, and power outages. Moreover, numerous market majors are concentrating on R&D activities to develop technologically advanced drones which provide accurate non-contact temperature measurement systems, which in turn is further aiding the market expansion.

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Increasing awareness pertaining to advantages of using thermal drones in applications such as gas leaks visualization, firefighting, buildings, pipeline inspection, security applications, photovoltaic power plants, flat roofs, and power engineering are stimulating the industry outlook. However, high costs of thermal drones along with inconsistent accuracy of temperature may hinder the thermal drones market growth.

Based on max flight time, the products of thermal drones market are classified into:

Below 20 min, 20-50 min, 50-100 min, and above 50-100 min segments. Thermal drones with less than 20 min max flight time are expected to register substantial growth during the estimated timeframe. These drones require small battery to operate which helps in reducing the weight as well as enhances the maneuverability of the drone. Thus, aforementioned factors are fueling the segmental growth.

On the other hand, thermal drones with 20-50 mins max flight time are presumed to expand significantly in the ensuing years, primarily driven by the ability to operate for a longer time and offer better efficiency as compared to 20 min max flight time drones.

In terms of application spectrum, the thermal drones market is categorized into:

Building inspection, industrial inspection, firefighting and rescue, law enforcement and police segments, and others. The building inspection application of thermal drones will witness substantial growth in near future, due to rising adoption of the product for identifying faulty lines, cracks, and other objects that could harm the infrastructure.

Meanwhile, thermal drones market from industrial inspection is poised to acquire commendable gains in the subsequent years. Thermal drones help in reducing operational hazards and ensure safe work environment by offering accurate temperature analysis of the industrial plant, thereby facilitating the product demand across industrial inspection applications.

Regional analysis

The thermal drones market is divided into Europe, North America, Latin America, and Asia-Pacific regions. The thermal drones market in Europe and North America is expected to register significant growth by the year 2026. Concentration of key industry players, technological advancements, and rising adoption of thermal drones in law and enforcement as well as firefighting applications are contributing towards the popularity of the product across these regions.

Major players in the market

SZ DJI Technology Co. Ltd., Yamaha, Delta Drone, Altair Aerial, DROCON, Cheerson, Eachine, Holy Stone, Forcel, Hubsan, 3D Robotics, PARROT, Alpha Unmanned Systems, Microdrones, CybAero, Aeryon, Ehang, XAIRCRAFT, TXA, ZERO TECH, Jinhua, Ewatt, Aite, Zhongke, Jinhua, Elbit, General Atomic, Hanhe, Embraer, and Elbit are the prominent companies operating in the thermal drones market.

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