Europe Inspection Drone for Confined Space Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Drone Type (Quadrotor Drone and Multi Rotor Drone), and Application (Oil and Gas, Power Generation, Mining, Chemicals, Marine Vessels, and Others)
Market Introduction
Apart from being expensive and time-consuming inspection of confined areas can sometimes also involve life risk. The market for inspection drone for confined space therefore is going to prosper since inspection drone for confined space are used to inspect such hard-to-areas confined areas is gaining immense traction in diverse applications. Also, various benefits are offered to the users with help of inspection drone for confined space by enabling them to add advanced features, such as the installation of IR cameras, which provides advanced visual and data analytics capability which is further driving the inspection drone for confined space market in Europe. The actual status of the asset and maintenance need of any organization can also be evaluated through this. Inspection drone for confined space market is anticipated to become prominent in various inspection applications that meet the 4D criteria: Dirty, Dust, Distant, and Dull. With rising cost pressure among industrial service companies as well as asset operators, inspection leveraging drones optimize time and cost savings enhance quality and performance, thus helping companies in inspection drone for confined space market secure a competitive edge . The market for Inspection drone for confined space are proving to be pocket friendly and since their maintenance expenses are also low, thus this is expected to create a significant demand for inspection drone for confined space market in the coming years, which is further anticipated to drive the Europe inspection drone for confined space market.
Furthermore, in case of COVID-19, several countries in Europe are expected to suffer an economic hit due to a lack of revenue from various industries including the inspection drone for confined space market. Many of these member states have implemented drastic measures such as restrictions on travel, imports & exports, and shipment of goods. This is anticipated to impact inspection drone for confined space market growth in Europe. The impact of COVID-19 varied from country to country across the European region as selected countries witnessed a surge in the number of confirmed cases and subsequently led to strict as well as more extended lockdown period or social isolation resulting in disruption of business. For instance, in countries such as Italy and Spain the inspection based services demand decreased significantly owing to a notable number of positive cases across the country, thus leading to slow movement of goods or service offering which is again negatively impacting inspection drone for confined space market. However, western European countries, such as Germany, France, and the UK, due to robust healthcare infrastructure have witnessed a comparatively moderate decline in their demand for drone inspection based services as the manufacturing and energy & power sector witnessed little impact over the pandemic thus negatively impacting the Europe inspection drone for confined space market. The lockdown is expected to continue negatively impacting the inspection drone for confined space market and virtually disrupt the inspection drone for confined space market growth across selected countries during the coming few months and potentially the next few years. The inspection drone for confined space market expected to flourish after the 2021.
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Market Overview and Dynamics
The inspection drone for confined space market in Europe is expected to grow from US$ 217.19 million in 2019 to US$ 542.17 million by 2027; it is estimated to grow at a CAGR of 12.4% from 2020 to 2027. The use of inspection drones for commercial applications is noticing a growth in several end-use industries such as oil and gas, chemicals, and construction, among others. However, these inspection drone for confined space use is demanding added functionalities for diverse applications beyond aerial photography, surveillance, and asset inspections thus diversifying the overall inspection drone for confined space market in Europe. At present, a range of GPS technology, thermal cameras, and scanners are offered as common features for advanced inspections. With further technological advancements, extensive R&D investments are expected from stakeholders to sustain in the inspection drone for confined space market. Constant investments in R&D are expected to create new applications for inspection drones for confined space market. For instance, in 2019, Flyability announced a new generation of its inspection drone for confined spaces, Elios 2. The new product has added features such as collision-tolerance, unobstructed 4K camera, and oblique lighting mode. The drone is capable of operating in dark, dusty, and troubled airflowsand. All these new developments in Research ultimately drives the demand of inspection drone for confined space market in Europe.
Key Market Segments
In terms of drone type, the quadrotor drone segment accounted for the largest share of the Europe inspection drone for confined space market in 2019. Further based on application, the oil and gas segment held a larger market share of the Europe inspection drone for confined space market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the inspection drone for confined space market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DRONE VOLT; Flyability SA; Imaze Tech Ltd; Multinov; Scout Drone Inspection AS.
Reasons to buy report
- To understand the Europe inspection drone for confined space market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe inspection drone for confined space market
- Efficiently plan M&A and partnership deals in Europe inspection drone for confined space market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe inspection drone for confined space market
- Obtain market revenue forecast for inspection drone for confined space market by various segments from 2020-2027 in Europe region.
Europe Inspection Drone for Confined Space Market Segmentation
Inspection Drone for Confined Space Market - By Drone Type
- Quadrotor Drone
- Multi Rotor Drone
Inspection Drone for Confined Space Market - By Application
- Oil and Gas
- Power Generation
- Mining
- Chemicals
- Marine Vessels
Inspection Drone for Confined Space Market - By Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Inspection Drone for Confined Space Market - Company Profiles.
- DRONE VOLT
- Flyability SA
- Imaze Tech Ltd
- Multinov
- Scout Drone Inspection AS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Inspection Drone for Confined Space Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Inspection Drone for Confined Space Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Maintenance Expenses Declining
5.1.2 Safeguarding Human Safety
5.2 Market Restraints
5.2.1 Greater Technical Complications
5.3 Market Opportunities
5.3.1 Coming Up of Advanced Distribution Channels
5.3.2 Mounting Extent of Partnerships and Collaborations Within Market Players
5.4 Future Trends
5.4.1 Encompassing R&D Investments
5.5 Impact Analysis of Drivers and Restraints
6. Inspection Drone for Confined Space – Europe Market Analysis
6.1 Europe Inspection Drone for Confined Space Market Overview
6.2 Europe Inspection Drone for Confined Space Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. Europe Inspection Drone For Confined Space Market – By Drone type
7.1 Overview
7.2 Europe Inspection Drone for Confined Space Market, by Drone type (2019 and 2027)
7.3 Quadrotor Drone
7.3.1 Overview
7.3.2 Quadrotor Drone: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Multi Rotor Drone
7.4.1 Overview
7.4.2 Multi Rotor Drone: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe Inspection Drone For Confined Space Market Analysis – By Application
8.1 Overview
8.2 Europe Inspection Drone for Confined Space Market, By Application (2019 and 2027)
8.3 Oil & Gas
8.3.1 Overview
8.3.2 Oil & Gas: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Power Generation
8.4.1 Overview
8.4.2 Power Generation: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Mining
8.5.1 Overview
8.5.2 Mining: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Chemicals
8.6.1 Overview
8.6.2 Chemicals: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Marine Vessels
8.7.1 Overview
8.7.2 Marine Vessels: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Inspection Drone for Confined Space Market – Country Analysis
9.1 Overview
9.1.1 Europe: Inspection Drone for Confined Space Market, by Key Country
9.1.1.1 Germany: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Germany: Inspection Drone for Confined Space Market, by Drone Type
9.1.1.1.2 Germany: Inspection Drone for Confined Space Market, by Application
9.1.1.2 France: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 France: Inspection Drone for Confined Space Market, by Drone Type
9.1.1.2.2 France: Inspection Drone for Confined Space Market, by Application
9.1.1.3 Italy: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Italy: Inspection Drone for Confined Space Market, by Drone Type
9.1.1.3.2 Italy: Inspection Drone for Confined Space Market, by Application
9.1.1.4 UK: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 UK: Inspection Drone for Confined Space Market, by Drone Type
9.1.1.4.2 UK: Inspection Drone for Confined Space Market, by Application
9.1.1.5 Russia: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: Inspection Drone for Confined Space Market, by Drone Type
9.1.1.5.2 Russia: Inspection Drone for Confined Space Market, by Application
9.1.1.6 Rest of Europe: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: Inspection Drone for Confined Space Market, by Drone Type
9.1.1.6.2 Rest of Europe: Inspection Drone for Confined Space Market, by Application
10. Impact of COVID-19 Pandemic- Europe Inspection Drone for Confined Space Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
12. Company Profiles
12.1 Scout Drone Inspection AS
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Multinov
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DRONE VOLT
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Flyability SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Imaze Tech Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Inspection Drone for Confined Space Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Germany: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. France: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. France: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 6. Italy: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Italy: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. UK: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. UK: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe: Inspection Drone for Confined Space Market, by Drone Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe: Inspection Drone for Confined Space Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Inspection Drone for Confined Space Market Segmentation
Figure 2. Europe Inspection Drone for Confined Space Market Segmentation – By Country
Figure 3. Europe Inspection Drone for Confined Space Market Overview
Figure 4. Europe Inspection Drone for Confined Space Market Outlook
Figure 5. Europe Inspection Drone for Confined Space Market – Country Analysis
Figure 6. Europe Inspection Drone for Confined Space Market – Drone Type Analysis
Figure 7. Europe Inspection Drone for Confined Space Market – Application Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Europe Inspection Drone for Confined Space Market – Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Inspection Drone for Confined Space Market Impact Analysis of Drivers and Restraints
Figure 12. Europe: Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Europe Inspection Drone for Confined Space Market Revenue Share, by Drone type (2019 and 2027)
Figure 14. Quadrotor Drone: Europe Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Multi Rotor Drone: Europe Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe Inspection Drone for Confined Space Market Revenue Share, by Application (2019 and 2027)
Figure 17. Oil & Gas: Europe Inspection Drones for Confined Spaces Market– Revenue and Forecast to 2027 (US$ Million)
Figure 18. Power Generation: Europe Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Mining: Europe Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Chemicals: Europe Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Marine Vessels: Europe Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Others: Europe Inspection Drone for Confined Space Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Europe: Inspection Drone for Confined Space Market Revenue Share, by Key Country (2019 and 2027)
Figure 24. Germany: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)
Figure 25. France: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)
Figure 26. Italy: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)
Figure 27. UK: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)
Figure 28. Russia: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)
Figure 29. Rest of Europe: Inspection Drone for Confined Space Market – Revenue and Forecast To 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets
- DRONE VOLT
- Flyability SA
- Imaze Tech Ltd
- Multinov
- Scout Drone Inspection AS
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- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the inspection drone for confined space market, as well as those hindering it
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