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Global Oil and Gas Drones Market

  • October 2016
  • -
  • Mordor Intelligence LLP
  • -
  • 72 pages

The Global Oil & Gas Drones Market has been estimated at USD 609 million in 2014 and is projected to reach USD 4 billion by 2020, at a CAGR of 37.07% during the forecast period from 2014 to 2020. The view from 50,000 feet shows signs of drones, or unmanned aerial planes, poised to become the next major disruption to influence the oil and gas industry. Drones offer all sorts of applications that the Oil & Gas industry can use. These allow the Oil and Gas companies to monitor Pipelines, Roads, Storage Tanks, Buildings, Bridges, Power lines. These also equip the Oil & Gas industry to carryout Flare stack inspections, Off- and On-shore oil derrick inspections, Tailings pond inspections, Oil spill Detection and damage assessment and Gas emissions monitoring. It is a revolutionary breakthrough to the Oil & Gas industry already facing the wrath of decline in Oil Prices. The usage of Drones would literally astonish the industry with its capability to get as much data available in the last 30 years within 45 minutes.

Any segment of the Oil & gas industry right from the upstream to the downstream would welcome the usage of drones, as it would be a game changer to any field it is used in. The advantage of reduction in time, reaching the unreachable places, ability to give out all types of data required, safety improvement, weather independency are all the factors which could revolutionize the Oil & Gas Industry with a special emphasis on the upstream activities.

This market is driven by a number of factors, such as the Increasing safety norms in Oil & Gas Industry, the fall in Oil Prices and volatility expected to continue, the cost advantage to the Oil & Gas companies. However, this market faces certain drawbacks, such as the Federal regulations limiting the usage to line-of-sight, the Lack of Technological advancements for processing the raw data. These factors may act as a roadblock to the growth of the market.

This market can be broadly segmented into Fixed wing, Rotary Blades, Quad Rotor, Nano and Hybrid Drones. This technology has applications in a variety of markets such as Agriculture, Construction, Infrastructure, Utilities, Mining, Inspection, Surveying, Cinematography, Law Enforcement and Oil & Gas. Market study indicates that the usage is bound to increase multi-fold in the Oil & Gas Industry. This is due to the revolutionary nature of drones to source huge amount of information in negligible period.

The market has been geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World, with North America occupying the largest consumer base in the world. Europe and APAC follow the list in the same order. The growing Oil & Gas activity across all its streams in APAC has made this region an area of immense potential and opportunities. However, the usage of drones is relatively new to the leaders which could hinder the intensity of usage in this area.

The market has more relevance today since the Oil & Gas Majors are investing in huge amounts in the companies providing the drone services. There is huge opportunity in terms of innovation to meet the current industry demand for carrying a number of different sensors for a detailed view of operations, reaching the rough terrains where the industry operates and reducing the recharge requirement of the drones. The major companies dominating this market in the Oil & Gas Sector for its products, services, and continuous product developments are Sky Futures, Insitu, Northrop Gumman, AeroVironment, Altavian, ING Robotic Aviation, Draganflyer, AeroVironment, Aerovel, BAE Systems, Finmeccanica, etc,. Lockheed Martin and Textron are driving the innovation in this field. The current trends in collaborative environment indicate that there is a huge investment by the Oil & Gas Majors in the smaller companies looking for a long lasting impact in the Oil & Gas Drones space. Sky Futures recently secured $3.8 Million from MMC to scale up Oil & Gas inspections. The technology offers a huge potential for a revolution in the Oil & Gas sector all over the world.

Key Deliverables in the Study

1. Market analysis for the Global Oil & Gas Drones Market, with region specific assessments and competition analysis on global and regional scales

2. Market definition along with the identification of key drivers and restraints

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

4. Extensively researched competitive landscape section with profiles of major companies along with their market shares

5. Identification and analysis of the macro and micro factors that affect the Global Oil & Gas Drones Market on both global and regional scales

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the Oil & Gas Drones market

8. Insights on the major countries / regions in which this industry is blooming and identify the regions that are still untapped

Table Of Contents

Global Oil and Gas Drones Market
1. Executive Summary

2. Research Methodology

3. Market Overview

3.1 Introduction

3.2 Markets Covered

3.3 Market Demand to 2020

3.4 Recent Trends and Developments

4. Drivers, Constraints and Opportunities

4.1 Drivers

4.1.1 Increasing Safety norms in Oil and Gas Industry

4.1.2 Volatile oil Prices

4.2 Constraints

4.2.1 Federal regulations

4.3 Opportunities

4.3.1 Custom fitting sensors

4.3.2 Reaching the rough terrains

4.3.3 Reducing the Power Requirement of Drones

5. Oil and Gas Drones Industry Value Chain Analysis

6. Porter's Five Force Analysis

6.1 Bargaining Power of Supplier

6.2 Bargaining Power of Consumers

6.3 Threat of New Entrants

6.4 Threat of Substitute Products and Services

6.5 Degree of Competition

7. Global Oil and Gas Drones Market Segmentation, by Geography

7.1 North America

7.1.1 Overview

7.1.2 Major Regions United States Overview Market Size and Forecast Canada Overview Market Size and Forecast Others Overview Market Size and Forecast

7.2 Europe

7.2.1 Overview

7.2.2 Major Regions Russia Overview Market Size and Forecast Others Overview Market Size and Forecast

7.3 Asia - Pacific

7.3.1 Overview

7.3.2 Major Regions China Overview Market Size and Forecast Others Overview Market Size and Forecast

7.4 Middle East and Africa

7.4.1 Overview

7.4.2 Major Regions Saudi Arabia Overview Market Size and Forecast Others Overview Market Size and Forecast

7.5 Rest of the World

7.5.1 Overview

7.5.2 Major Regions Australia Overview Market Size and Forecast Others Overview Market Size and Forecast

8. Oil and Gas Drones Market Segmentation, by Type

8.1 Overview and Introduction

8.2 Fixed Wing

8.2.1 Overview

8.2.2 Market Size and Forecast

8.3 Rotating Blade

8.3.1 Overview

8.3.2 Market Size and Forecast

8.4 Quad Rotor

8.4.1 Overview

8.4.2 Market Size and Forecast

8.5 Nano and Hybrid

8.5.1 Overview

8.5.2 Market Size and Forecast

9. Key Company Analysis

9.1 Lockheed martin

9.2 Textron

9.3 Insitu

9.4 Draganflyer

9.5 AeroVironment

9.6 SKY Futures

9.7 Altavian

9.8 BAE Systems

9.9 ASN Technologies

9.10 Finmeccanica

9.11 Proxy Technologies

10. Competitive Landscape

10.1 Mergers and Acquisitions

10.2 Joint Ventures, Collaborations and Agreements

10.3 Market Share Analysis

11. Appendix

11.1 Contact Us

11.2 Disclaimer

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