Utility Drones Market to Grow at 30% CAGR till 2024
Technological advancements coupled with favorable government regulations to drive global utility drones market through 2024 According to TechSci Research report, “Global Utility Drones Market By Type, By Services, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, global utility drones market is projected to grow at a CAGR of over 30% during 2019-2024, on the back of growing need to reduce outage within energy transmission and distribution sector. Utility drones market is gaining impetus due to rising adoption of drone technology to increase business operations and impart better safety. By end-user, global utility drones market has been categorized into power and renewable segments. In 2018, power segment dominated the market and is expected to account for majority share in global utility drones market during the forecast period as well, owing to rising demand for electricity. In terms of services, end-to-end solution category acc...