17 January 2023
Drone tower inspection market on the rise
The global drone tower inspection market is estimated to exceed US$298.3 million by the end of 2023, growing at a compound annual growth rate (CAGR) of 16.7% over 2023-2033 to US$1,397.6 million.
Traditional methods of inspecting communication facilities, such as towers, cell towers, poles, and others, are no longer an option because of changing industry standards and governmental requirements. The issue is made easier by drone tower inspection services.
Drones can be utilized for regular tower inspections instead of sending teams of actual workers to the tower. It's faster, safer, and probably affordable in the future. With drones, regular inspections can be done more often, which makes the work of the towers more reliable.
Based on drone type, the market is projected to bed led by the rotary wing sub-segment, which is projected to account for 53.7% of the market share by 2023. By end use industry, the construction and mining sector is likely to account for 12.4% of revenue share with a valuation of US$ 36.9 million in 2023. The east Asia region is expected to register a CAGR of 17.7% over the forecast period, to be valued at US$57.9 million by 2023 end. Meanwhile, under the operation segment, fully autonomous drones are estimated to account for approximately a 23.4% share of aftermarket sub-segment in 2023.
