Global Drones for Energy Market Research Report – Forecast till 2023

admin — Mon, 05 Nov 2018 05:20:56 +0000

Managed pressure drilling is the process used to control bottom hole pressure, formation fracture pressure and pore pressure in the well. The technology helps the exploration companies mitigate the risks while drilling and reduce downtime. The technology helps in determining the downhole pressure and manages the annular pressure accordingly. Managed pressure drilling system can automatically detect influxes and losses in real time.
Rising deep-water and ultra-deepwater exploration activities is a major factor driving the growth of the global managed pressure drilling market. In 2017, Canada had about 7,550 wells drilled and the explorers required high rate of efficiency to produce oil efficiently, which is increasing the demand for the managed pressure drilling market. Drilling activities in harsh environments are growing at a substantial rate in regions, including Norwegian continental shelf and Indonesia. These factors are further driving the growth of the global managed pressure drilling market.
For the purpose of the study the global managed pressure drilling market has been segmented by technology, tool and application. Based on technology the market has been segmented as constant bottom hole pressure, mud cap drilling, dual gradient drilling, and return flow gradient drilling. Constant bottom hole pressure segment dominated the market in 2017 and is expected to remain dominant during the forecast period as constant bottom hole pressure method is a very common technology used for almost all the drilling wells. Based on tools, the market has been segmented as rotating control device, non-return valve, and choke manifold system. Rotating control device segment dominated the market in 2017 and is expected to hold the largest market share during the forecast period as the rotating control devices are vastly used for pressure management. Based on applications, the market is segmented as onshore and offshore. The offshore segment has been dominating the market in 2017 and is expected to remain dominant during the forecast period. The offshore application has more extensive use of managed pressure drilling techniques as recently there has been a number of offshore discoveries with the decline in crude oil resources and exploration companies looking for oilfields offshore. Based on region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

The post Global Drones for Energy Market Research Report – Forecast till 2023 first appeared on CRI Report.

Global Drones Market Research Report – Forecast to 2028

admin — Wed, 26 Sep 2018 01:14:45 +0000

A drone is either functioned by an onboard computer, controlled autonomously, or remotely by a human pilot. The size of a drone varies from small sized ones driven by electric motors to the large sized ones powered by internal combustion engines. Recent drone technologies have transformed modern warfare. The potential usage of drones is already influencing many companies and industries to looking forward to increasing their investments in designing and development of drones. The possible applications of drones are numerous, such as passenger carriage, cargo transportation, agricultural, and industrial. Currently, there are a number of investments by companies, such as Airbus, Boeing, AeroVironment, Inc., and DJI, on the drone front, which would significantly propel the market growth. The growing demand for the development of electric drones, increasing use of UAVs in the commercial sector, no fuel emissions, and rising usage of drones for industrial applications are the key factors driving the global drones market.
Moreover, with the rapid developments in autonomous flight systems, batteries, and electric power, there has been a steep rise in the sale of drones.
Similarly, the opportunities in this market are the emergence of 3D-printed drones, the introduction of solar-powered drones, increasing need for border monitoring, and usage of drones in the energy sector. However, the growth of this market will be hampered due to the possibility of cyber-attacks, regulatory norms, and safety issues.
Furthermore, cargo drones and passenger drones have significant implications for transportation companies that are planning next-generation products. As drone adoption accelerates, the value will quickly shift from drone makers to the providers of drone-related services. This would significantly boost the global drones market growth.

Regional Analysis
The global drones market is estimated to witness 20.18% CAGR during the forecast period, 2018-2028. In 2018, the market was led by North America with 36.02% share, followed by Europe and Asia-Pacific with shares of 22.46% and 20.61%, respectively. Asia-Pacific is the fastest growing region for drones market. North America dominates the global market and is likely to grow remarkably in the front. The region leads the global market in terms of expenditure and technological advancements and has a large number of deployments of drones.
Moreover, the US generates very high demand for drones used for surveillance purposes. Although Canada made some considerable investments in the development of drones, the market is primarily dominated by the US, which is also the largest manufacturer of unmanned systems, globally. In addition, the sheer existence of key companies, such as AeroVironment, Inc., PrecisionHawk, and Uber Technologies Inc., combined with the availability of sophisticated technologies to deliver innovative solutions, enables this region to be a promising market.

Key Players
AeroVironment, Inc. (US), DJI (China), Parrot Drones SAS (France), PrecisionHawk (US), and 3D Robotics, Inc. (US) are developers of drones for commercial applications and Airbus S.E. (France), Boeing (US), General Atomics (US), and Lockheed Martin (US), Northrop Grumman Corporation (US), and Thales Group (France) are developers of drones for military applications, these are the key players profiled in this report. Airbus S.E., Lockheed Martin, and Northrop Grumman Corporation are the leading developers of drones for military applications and together accounted for nearly 50% of the market share in 2017. DJI, 3D Robotics, Inc., and PrecisionHawk are the leading developers of drones for commercial applications and together accounted for nearly 25% of the market share in 2017.

Objective of the Global Drones Market Report – Forecast to 2028
• To provide insights into factors influencing the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on type, aircraft-type, end-user, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Manufacturers of avionics system
• Original Equipment Manufacturers (OEM)
• Camera and other payload device providers
• Battery and related component providers
• Providers of raw materials and equipment for drones
• Commercial end-users
• Military end-users
• Government and Regulatory Authorities

Key Findings
• The global drones market in this report has been segmented on the basis of type into two segments, namely fixed-wing and multi-rotor. The fixed-wing segment market is projected to register the highest CAGR of 21.54% during the forecast period.
• The global drones market has been segmented, by capacity, into up to 100 kg and over 100 kg. The over 100 kg segment market is projected to register the highest CAGR of 24.98% during the forecast period.
• The global drones market in this report has been segmented on the basis of application into two segments, namely military and commercial. The commercial segment market is projected to register the highest CAGR of 22.24% during the forecast period.
• The global drones market in this report has been segmented on the basis of component into four segments, namely airframe, payload, guidance navigation & control, and propulsion system. The payload segment market is projected to register the highest CAGR of 24.13% during the forecast period.
• North America would dominate the drones market by 2028. It is expected to register a CAGR of 20.53% during the forecast period. It is expected to reach a market size of USD 48,092.3 million by 2028.

The regional analysis also includes:
• North America
o US
o Canada
• Europe
o Germany
o UK
o Russia
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o South Korea
o India
o Australia
o Rest of Asia-Pacific
• Middle East & Africa
o UAE
o Saudi Arabia
o Israel
o Rest of Middle East & Africa
• Latin America
o Brazil
o Mexico
o Rest of Latin America

The post Global Drones Market Research Report – Forecast to 2028 first appeared on CRI Report.

Drones – CRI Report

Global Drones for Energy Market Research Report – Forecast till 2023

Global Drones Market Research Report – Forecast to 2028