Aerial Inspection Services Market

Aerial Inspection Services Market Outlook (2023 to 2033)

The global aerial inspection services market is expected to reach a valuation of US$ 1.9 billion in 2023 and accelerate at a CAGR of 17.5% to top US$ 9.5 billion by 2033.

The aerial inspection services market is about 90.0% of drone inspection services and holds about 25.0% of the overall drone services market which was about US$ 6.6 billion in 2022.

Report Attributes	Details
Market Size (2022A)	US$ 1.6 Billion
Estimated Market Value (2023E)	US$ 1.9 Billion
Forecasted Market Value (2033F)	US$ 9.5 Billion
Global Market Growth Rate (2023 to 2033)	~17.5% CAGR
North America Market Share (2022)	~37.0%
East Asia Market Growth Rate (2023 to 2033)	~18.5% CAGR
United States Market Growth Rate (2023 to 2033)	~17.8% CAGR
Key Companies Profiled	Aerial drone solution; Aerial Vision Ltd; AERIUM Analytics; Aero Enterprises; Aerodrome; Astral Aerial Solutions; Celestis; Cyberhawk; DDC Smart Inspection; DJM Aerial Solutions; Drone Base; Drone Dispatch; Drone Evolution; Dronegy; EagleHawk; Enterprise UAS

Growing infrastructure development to exhibit the market growth

With the substantial growth in infrastructure building worldwide, demand for equipment and technologies used in their maintenance will drive in the forthcoming period. The use of drone technology in the construction sector has helped to improve safety, foresee problems, and realize a constructor's vision to the fullest extent possible.

Aerial Drone Inspection reduces the amount of on-site labor required, lowers a variety of risks and costs, and expedites data collecting from hard-to-reach regions. Aerial inspection is performed in the presence of a licensed drone pilot who is authorized and possesses the required expertise. High-resolution sensors on drones, such as thermal sensors and RGB, can detect visual faults and damage in pipelines, scan roofs, flare stacks, beneath bridges, and others.

• Short Term (2023 Q1-2026): The market is expected to rise in short term with growing infrastructure development worldwide and various technological advancements taking place in drone devices.
• Medium Term (2026-2029): Developing the real estate industry and the advent of the utility of aerial inspection services in real estate marketing will create lucrative opportunities for market growth. Also, developing the energy sector worldwide will be the next factor to escalate the demand for these services.
• Long Term (2029 to 2033): The market is projected to gain tremendous utility in the commercial sector to inspect the older infrastructure, production process, and manufacturing units. Additionally, the increasing popularity of cost & time-efficient solutions in the future will exhibit market growth.

As per Fact.MR, a market research and competitive intelligence provider, the aerial inspection services market registered a CAGR of 9.1% during the historic period 2018 to 2022. The market was about US$ 1.6 billion in 2022 and is expected to rise with a CAGR of 17.5% during 2023 to 2033.

The above given image depict the expected total addressable market value of aerial inspection services market in 2023 which is US$ 1.9 billion. Visual Inspection are expected to hold leading share of 87.0% in global aerial inspection services market.

Key factors stimulating the aerial inspection services market

“Growing popularity of cost-efficient & safe inspection services”

An on-site staff no longer needs to evaluate and survey high places owing to aerial inspection services and drones. Drones are safer than using humans to complete the task because the chance of injury is all but gone. Construction is one of the most hazardous businesses, so this is crucial.

Every industry relies heavily on time, and without effective inspection techniques, users risk losing both times and, with each physical check, their work efficiency. A customer can cut down on or completely do away with the time wasted on in-person inspections by deploying drones. High-end drones enable customers to quickly visit difficult places, enabling speedier inspections than conventional in-person inspections.

“Technological innovation in aerial inspection services”

Drones are gaining popularity in every industry vertical. To enhance & improve the ability of this unmanned aerial vehicle, various new technologies is been associated with drones these days. Artificial intelligence, 3D imaging, and other technologies are integrated with drones which efficiently helps in inspecting various sites, farms, lands, and infrastructure with tremendous accuracy.

Owing to this factor, the demand for these services is projected to have substantial growth. For the infrastructures, aerial inspection services are beneficial in gaining optimum visuals to briefly track faults, not possible to track manually with human health. Artificial intelligence help drones to monitor various process, gather data, and explicate results & outcomes to be considered for customer betterment. Due to all these innovations, aerial inspection services is projected to have significant demand in various industry vertical.

What factor can hamper the development of aerial inspection services market?

“Dearth of skilled professionals to guide drone for inspection”

The lack of skilled professionals to operate unmanned aerial vehicles is a major factor restraining the market growth. Drones are gaining popularity in every industry vertical to reduce excessive costs and time incurred in the inspection and survey process. Owing to this reason, huge registration of drone is been observed worldwide. However, these drones are required to carry out efficiently in complex infrastructure to attain an accurate condition of the infrastructure. Lack of government support towards establishment is a supporting factor to the dearth of skilled professionals in the industry.

Drones are coming up with advanced technology with improved working efficiency. The minimum knowledge about these technologies will lead to the suboptimal utility of drones.

This factor also constitutes the expansion in the gap between the number of available drones and the lack of skilled professionals to operate them. Thus, the lack of skilled professionals to operate this device and the increasing demand for drones in various industry verticals will restrict the market growth.

Country-wise Insights

Why is United States a huge market for aerial inspection services?

The aerial inspection services market is highly fragmented in the region. The drones gained popularity in various industry verticals like food & beverage, healthcare, oil & gas, mining, and others in the country.

The end-users are substantially demanding these services due to their cheaper, safer, and quicker advantages. The country comprises various large infrastructures and buildings with complex designs and heightened roofs. Inspecting these will be time-consuming and expensive to the consumers, therefore manifesting aerial inspection services in the country.

Drone registration is subsequently high in the region with positive amendments in regulation in the current scenario to their utility in the commercial sector is boosting the aerial inspection services market in the region.

How is China’s aerial inspection services market faring?

China is one of the fastest-growing country worldwide. The country has observed tremendous technological advancement in electronic devices. Devices like unmanned aerial vehicles are observed with excessive utility in the region. Military & defence sectors, use these technologies for inspection in warfare.

Additionally, the country has observed substantial development in infrastructure and the sale of new residential houses & commercial buildings. Timely inspection of all these places with the help of drones results in cost & time efficiency for the owners, therefore they are aiding the excessive utility of these services.

The COVID-19 spread in the region during 2020 has benefited the utility of these drones in the inspection of patients and people not following the lockdown norms. Owing to all these factors, the Chinese aerial inspection service is like to rise with the fastest CAGR in the forthcoming period.

Category-wise Insights

Visual inspection to exhibit leading share in aerial inspection services market

Traditional and conventional procedures no longer cover the full range of visual examination mechanisms. This is so that visual inspection can provide more than the traditional approaches can. In order to meet these needs, as a support, the visual inspection mechanism has been using technology and innovation.

In essence, the use of drone technology in this industry has assisted in addressing a number of inspection-related issues and limitations. UAVs have thus been used in a variety of expanding industries, including bridge inspection, building inspection, tower inspection and others

Visual inspection from helps in through inspection of sites, offer accurate results, provides time-critical inspection operations, and others. Owing to all these factor, the visual inspection services is expected to gain prominent demand in different industry verticals and escalating the demand for aerial inspection service market in the forthcoming period.

Energy sector to attract large utility of aerial inspection services

The energy sector is one of the crucial sectors to all economies worldwide. With large plants and complex infrastructure, these plants are also associated with excessive risk to human life while inspecting them manually. Therefore, to avoid these fatal incidents, aerial inspection services is been procured by the energy sector.

With the rising demand for energy worldwide, government action toward the establishment of large energy-producing infrastructure has been observed at a tremendous rate. The increasing development of these plants & growing production of renewable energy worldwide will substantially increase the aerial inspection services utility. Integration of advanced technology like Artificial Intelligence, computer vision, and advanced analytics, will help achieve time & cost efficiency by the energy-producing business.

Competitive Landscape

Key market players in aerial inspection services market are Aerial drone solution, Aerial Vision Ltd, AERIUM Analytics, Aero Enterprises, Aerodrome, Astral Aerial Solutions, Celestis, Cyberhawk, DDC Smart Inspection, DJM Aerial Solutions, Drone Base, Drone Dispatch, Drone Evolution, Dronegy, EagleHawk and Enterprise UAS.

The aerial inspection services market is expected to expand at a substantial rate in the forthcoming period. To expand their global footprint and market share, industry participants are taking rigorous moves which lead toward the substantial expansion of the market. For instance,

• In October 2020, Copley Equity Partners has invested in Aethon Aerial Solutions and Flight Evolved. Aethon Aerial Solutions and Flight Evolved have combined to establish an advance aerial inspection service provider in the North American region with substantial investment from Copley Equity Partners.
• In January 2020, NovaSource has acquired Heliolytics which is the leading aerial infrared inspection and advanced site data analytics service provider of aerial site inspection and site optimization.

Fact.MR has provided detailed information about the provider of aerial inspection services market positioned across regions, revenue growth, and service offering expansion, in the recently published report.

Segmentation of the Aerial Inspection Services Market

• By Type :

  • Visuals Inspection
  • Special Sensor Inspection

• By End-Use Industry :

  • Energy
  • Construction
  • Transportation & Warehouse
  • Agriculture
  • Mining, Oil & Gas Extraction
  • Public Administration
  • Real Estate & Industrial Plant
  • Educational Services
  • Waste Management
  • Healthcare & Insurance

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa