The utility drone market is expected to grow at a CAGR of over 18% over the forecast period 2021-2027. Factors such as reducing the time and cost of asset management and reducing the number of equipment failures will drive the utility drone market. However, limited battery backup to stay in the air is expected to limit the utility drone market.
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Utility Drones Market Segments:
By Type
• Multi-rotor
• Fixed wing
By Services
• End-to-end solution
• Point solution
By End-user
• Power
• Renewable
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