Global Oil and Gas Drone Services Market 2020-2025 - Drone Integration with AI Set to Drive Market Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 27, 2020--
The “Oil and Gas Drone Services Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The market for Oil and Gas Drone service market is expected to grow at a CAGR of over 60% during the forecast period of 2020-2025. Several oil & gas companies such as BP, Shell, etc. have started to digitalize their operations (drone services are a part of digitalization in oil & gas industry) across all the three sectors. Of the three sectors, midstream is expected to be one of the fastest-growing markets. Though drones offer the most cost-effective and efficient monitoring methods, technological limitations such as shorter flight times, low speed, vulnerability to hackers, and susceptibility to weather are restraining the market growth.
Modern drones are smarter and faster in processing the data produced from assets, and as AI (Artificial Intelligence) improves, these drones may have the capability to independently decide their further course of actions through AI. As these technologies keep improving, the application for these drones can increase and, thus, it is expected to drive the market.
North America has been the major market for drone services in 2018, and it is expected to be the largest market in terms of revenue, during the forecast period owing to increasing adoption of drones across all three sectors of the oil and gas industry.
Key Topics Covered:
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
1.4 Research Phases
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.2 Market Size and Demand Forecast in USD million, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/dwfbut
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200127005263/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 01/27/2020 05:09 AM/DISC: 01/27/2020 05:09 AM