North America Oil & Gas Drones Market – Growth, Trends & Forecasts (2015-2020) – Increasing Safety Norms in Oil & Gas Industry – Research and Markets

February 8, 2016

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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

Category: Oil & Gas