DUBLIN--(BUSINESS WIRE)--The "Tethered Drone Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Application, and End User" report has been added to ResearchAndMarkets.com's offering.
The tethered drone market is expected to grow from US$ 78.66 million in 2022 to US$ 730.17 million by 2028; it is estimated to grow at a CAGR of 45.0% from 2022 to 2028.
Commercial enterprises, law enforcement agencies, and military forces are among the major end users of tethered drones. In military applications, tethered quadcopters provide persistent surveillance for situational awareness.
Tethered military drones are used for several purposes, including intelligence, surveillance, and reconnaissance (ISR); disaster response; event management and security; and traffic monitoring. In defense, tethered drones help in border security, general security, checkpoints surveillance, and entry/exit points monitoring.
In commercial applications, tethered drones are used to monitor vehicle checkpoints, entry and exit points for foot traffic across large open areas, music concerts, sports events, wind turbine inspections, mining surveys, oil and gas equipment inspections, and crowd monitoring applications.
Other major stakeholders in the tethered drone market ecosystem include ground power suppliers to ensure continuous operational power to the drones. They can maintain high levels of endurance for up to 24 hours, at heights up to 200m in most weather conditions which is one of the key factor behind the growth of tethered drone market size.
Further, the demand for tethered drones for several commercial applications, including wind turbine inspection, buildings restoration, and bridge monitoring & inspection operations, is likely to generate huge opportunities for the tethered drone market players during the forecast period.
Wind turbines require periodic maintenance regularly for efficient and constant operations, owing to which different technologies are used to perform the quality check and inspections of the turbines. Tethered drones can support the detection and identification of faults in the turbines by providing real-time visual footage to the operators. Wind farms have numerous wind turbines installed across onshore and offshore platforms wherein various challenges, such as immediate identification of faults and defects, are more often faced by the operators at the time of their respective operations.
Moreover, most wind turbine operators outsource their periodic maintenance activities for better management of their wind turbine operations. Wind turbine maintenance companies face a severe challenge in manually checking turbines for all defects, leading to operational errors. Tethered drone helps reduce the overall inspection time that can be utilized for applying the solution for those errors.
Similar to wind farms, building restoration operations require periodic maintenance for better management of older buildings. These include thermographic images and inspections of elaborate ornamentation on historic buildings to comprehensive checks for the smallest building cracks that can occur due to environmental impacts or land surface conditions.
Tethered drones provide real-time inspection and monitoring of such buildings that help identify the restoration work areas in less time another major factor acting as an opportunity for tethered drone market players.
Elistair, Acecore Technologies, ECA Group, Fotokite, Menet Aero, Hoverfly Technologies, Novadem, Sky Sapience, Skyshot Private Limited, and Yuneec Holding Ltd. are among the tethered drone market players profiled in this market study.
Key Market Dynamics
- Increasing Demand for Long Operational ISR Drones for Military Applications
- Development of Tethered Drones for Commercial Applications
Key Market Restraints
- Higher Weight of Cables Decreases the Operational Efficiency of Tethered Drone
Key Market Opportunities
- Adoption of Tethered Drones for Wind Turbines, Buildings Restoration, and Bridge Applications
- Use of Tethered Drones for Search & Rescue Operations
- Acecore Technologies
- ECA Group
- Menet Aero (NTP Inc.)
- Hoverfly Technologies
- SKY SAPIENCE
- Yuneec Holding Ltd.
- Skyshot Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/w4u8j5