Drones in Power – Thematic Intelligence

Drones in Power Thematic Report Overview

The rise in investments and innovations has led to a surge in the popularity of drones. Although historically linked with the military, consumers, and enterprises, this innovative technology is now expanding its reach into the power utilities sector. Technological advancements such as artificial intelligence (AI) and the Internet of Things (IoT) have paved the way for numerous drone applications.

Additionally, the increasing trend of drones equipped with light detection and ranging (LiDAR) technology has added to the growth of the drone market in the energy sector. LiDAR technology can generate highly detailed 3D maps of infrastructure, allowing for more accurate inspection. Moreover, the use of thermal imaging cameras on drones is increasing, which can detect heat anomalies in pipelines and power lines.

The ‘Drones in Power’ thematic intelligence report gives you an in-depth insight into the drone market and the impact it will have on the power industry. It further entails a deep-dive analysis of the industry, including real-life case studies that showcase how power companies have responded to the impact of this theme on their operations. The report identifies the key market trends that will shape the drone market over the coming years and gives an insight into the market players and the competitive landscape within the drone theme.

Drones in Power – Key Trends

The primary trends that will shape the drone theme over the next 12 to 24 months are classified into power trends, technology trends, macroeconomic trends, and regulatory trends.

Power Trends: The increasing use of drones for inspecting wind and solar farms, drone powerline inspection with artificial intelligence/machine learning (AI/ML) image processing, incorporating geolocation technology into drone inspections, the use of cargo delivery drones, and drones helping in reducing operating costs in utilities are a few of the key power trends that will impact the drone theme in the coming months.

Technology Trends: The key technology trends impacting the drone theme are algorithm-driven autonomous drone technology, aerial LiDAR technology, counter-drone technology, advancement in batteries and charging solutions, drone swarm technology, the advent of 5G, and the miniaturization of sensors among others.

Macroeconomic Trends: The key macroeconomic trends impacting the drone theme are the technology supremacy of China; rising collaboration among drone manufacturers, component suppliers, software integrators, and prospective enterprise users; environmental and economic benefits; the use of drones for supply chain and inventory management, the Ukraine- Russia conflict, and man vs unmanned platforms cost consideration among others.

Regulatory Trends: The key regulatory trends impacting the drone theme are the European Union’s U-space drone program, the EU’s Drone Strategy 2.0, US FAA regulations, Indian regulations, and Canada’s Drone Strategy 2025.

Drones - Value Chain Analysis

The drone value chain comprises four layers: hardware, software, services, and end-user.

Hardware: The hardware value chain can be further segmented into airframes, components, and semiconductors. Airframes are the basic mechanical structure of the drone. As such, they must be able to withstand aerodynamic forces. Airframes have evolved and are reducing in size. Drone manufacturers use advanced composite and multifunctional materials to make affordable and lightweight airframes.

Drones Value Chain Analysis

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Drones in Power – Competitive Landscape

Leading Power Companies

A few leading power companies associated with this theme are:

• Dominion Energy
• Duke Energy
• EDF

Leading Drone Companies

A few leading drone solutions companies making their mark within the drone theme are:

• AeroVironment
• AgEagle
• Alphabet (parent company of Google)

Key Power Utility and Drone Companies in the Drones Theme

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Power Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our power sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

• The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
• The valuation screen ranks our universe of companies within a sector based on selected valuation
• The risk screen ranks companies within a particular sector based on overall investment risk.

Power Sector Scorecard – Thematic Screen

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Scope

• The report focuses on drones in power as a theme.
• It provides an industry analysis on how big the drone theme is and how fast it will grow in the coming years.
• The report provides commercial drone market size and growth forecast.
• The report delivers a technology briefing on drones.
• It provides a snapshot of how drones will improve solar and wind farm installations.
• It covers patent trends and venture financing trends in power.
• The report provides an insight on challenges in drone adoption.
• The report discusses the use cases of drones by power utilities.
• It contains details of M&A deals driven by drones theme, and a timeline highlighting milestones for drones.
• The report focuses on the trends related to drones as a theme in power, technology, macroeconomic, and regulatory trends.
• The report also includes an overview of competitive positions held by power utility companies adopting drones.

Reasons to Buy

• A detailed analysis of the growing drone market.
• The report gives an insight into the leading players in drones theme by end-user market and where they fit in the value chain.
• The report gives an overview of the leaders and challengers in the drone value chain.
• A briefing on detailed analysis of the drone value chain.
• A briefing on the benefits of drones to the electric industry.
• An overview of drone potential in wind power development and solar asset performance monitoring.
• Company profiles of leading adopters of drones in the power sector.
• A briefing on profiles of drone solutions companies.
• A snapshot of the power sector scorecard predicting the position of leading power companies in drones theme.