DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/jds7zq/north_america_oil) has announced the addition of the “North America Oil & Gas Drones Market – Growth, Trends and Forecasts (2015-2020)” report to their offering.
The North America Oil & Gas Drones Market is expected to grow at a CAGR of 40.07% during the forecast period from 2014 to 2020.
This market is driven by a number of factors, such as the increasing safety norms in Oil & Gas Industry, the fall in Oil Prices and volatility expected to continue, the cost advantage to the Oil & Gas companies. However, this market faces certain drawbacks, such as the Federal regulations limiting the usage to line-of-sight, the lack of technological advancements for processing the raw data. These factors may act as a roadblock to the growth of the market.
This market can be broadly segmented into Fixed wing, Rotary Blades, Quad Rotor, Nano and Hybrid Drones. This technology has applications in a variety of markets such as Agriculture, Construction, Infrastructure, Utilities, Mining, Inspection, Surveying, Cinematography, Law Enforcement and Oil & Gas. Market study indicates that the usage is bound to increase multi-fold in the Oil & Gas Industry. This is due to the revolutionary nature of drones to source huge amount of information in negligible period.
The market has more relevance today since the Oil & Gas Majors are investing in huge amounts in the companies providing the drone services. There is huge opportunity in terms of innovation to meet the current industry demand for carrying a number of different sensors for a detailed view of operations, reaching the rough terrains where the industry operates and reducing the recharge requirement of the drones.
Companies Mentioned:
- Lockheed martin
- Textron
- Insitu
- Draganflyer
- AeroVironment
- SKY Futures
- Altavian
- BAE Systems
- ASN Technologies
- Finmeccanica
- Proxy Technologies
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Drivers, Constraints & Opportunities
5. Oil & Gas Drones Industry Value Chain Analysis
6. Porter’s Five Force Analysis
7. North America Oil & Gas Drones Market Segmentation, by Geography
8. Oil & Gas Drones Market Segmentation, by Type
9. Key Company Analysis
10. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/jds7zq/north_america_oil
