Drones in Oil and Gas – Thematic Research

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Published: September 23, 2022 Report Code: GDOG-TR-S066-TH

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Drones in Oil & Gas Analysis Overview

Drones are being extensively used in the oil and gas industry for remote monitoring and surveillance purposes. The role of drones in inspection has expanded from capturing RGB pictures/video, to using infrared and laser technologies to record corrosion, weathering, and spacing characteristics of the asset under consideration. Drones are also being tested for deployment in emergency response.

Advances in drone-based imaging, sensing, and data transmission is helping the oil and gas industry to devise newer use cases for drones. For instance, companies are using drones to detect methane emissions from their operational assets.

The drones in oil and gas thematic intelligence report presents an overview of global drones’ market with a special focus on the adoption of drones in the oil and gas industry. It analyses the drones’ value chain and identifies key players across the value chain. The report provides an overview of the competitive positions held by oil and gas companies, and drone technology vendors in the drones sector.

Market Size (2020) $15.2 Billion
Report Pages 69
Regions Covered Global
Key Trends Oil & Gas Industry Trends, Technology Trends, Macroeconomic Trends, and Regulatory Trends
Oil & Gas Industry Trends Surveillance & Inspection, Methane Management, Safety & Emergency Response, Material Handling, and Workforce Training & Regulatory Compliance
Technology Trends Hydrogen Fuel Cells Technology, Drone Swarms, AI, 5G, Miniaturization, Unmanned Aircraft System Traffic Management (UTM), Edge Computing, Anti-Drone & Counter-Drone Technologies, and Drone as a Service (Daas)
Macroeconomic Trends Ukraine- Russia conflict, COVID-19, China factor, and Operating Beyond Visual Line of Sight (BVLOS)
Regulatory Trends US FAA regulations, Europe’s U-space program, The EU’s Drone Strategy 2.0, Indian regulations, and Canada’s Drone Strategy to 2025
Value Chain Hardware, Software, Services, and End-User
Leading Oil & Gas Companies Using Drones Abu Dhabi National Oil Company (ADNOC), British Petroleum (BP), Chevron, ConocoPhillips, Equinor, ExxonMobil, Occidental Petroleum, Petrobras, Shell, and TotalEnergies
Leading Technology Companies AeroVironment, AgEagle, Alphabet, Amazon, BAE Systems, Baykar, Boeing, Dà-Jiāng Innovations (DJI), Israel Aerospace Industries (IAI), and Intel

Drones in Oil and Gas – Key Trends

The key trends shaping the drones sector are classified into four categories: oil and gas industry trends, technology trends, macroeconomic trends, and regulatory trends.

Oil and Gas Industry Trends: The key oil and gas industry trends impacting the drones sector are drone-based surveillance and inspection, methane emission detection and management, safety and emergency response, material handling, and workforce training and regulatory compliance. Leading oil and gas players have scaled up their drone-based surveillance and inspection practices. This helps the companies to fulfill their requirement of collecting more data to improve asset visibility. Drone-based data collection help ensure infrastructure integrity, especially for aging assets.

Technology Trends: The key technology trends impacting the use of drones in the oil and gas industry are testing hydrogen fuel cell technology, the need to manage and control drone swarms, the proliferation of artificial intelligence (AI) and 5G-powered drones, and the miniaturization of sensors. For instance, in June 2022, Event 38, the US-based mapping drone manufacturer, successfully tested one of its E400 UAVs powered by hydrogen fuel cells. It flew for two hours and could fly for up to six hours with a fully pressurized hydrogen tank. The battery-powered E400 can only fly for 90 minutes. Also, fuel cells require far less maintenance than gas engines due to their fewer moving parts.

Macroeconomic Trends: The report analyses macroeconomic trends impacting the drones sector are the Ukraine- Russia conflict, effect of COVID-19 pandemic, dominance of China in the commercial drone market, and ability to operate beyond visual line of sight (BVLOS).

Regulatory Trends: The key regulatory trends impacting the drones sector are US FAA regulations, Europe’s U-space program, The EU’s Drone Strategy 2.0, the Indian government regulations, and Canada’s Drone Strategy to 2025.

Drones in Oil and Gas - Industry Analysis

The global drone market value was $15.2 billion in 2020 and is expected to grow at a CAGR of more than 19% during 2020 – 2030. Commercial drones will be the largest revenue contributor to the overall drones market, followed by consumer drones and military drones.

The drones in oil and gas industry analysis also covers:

  • Mergers & acquisitions
  • Patent trends
  • Company filings trends
  • Hiring trends
  • Use Cases
  • Timeline

Drones Revenue, 2020-2030 ($ Billion)

Drones Revenue, 2020-2030 ($ Billion)

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Drones Value Chain Analysis

The drones value chain comprises four layers: hardware, software, services, and end-user.

Hardware: The hardware segment of the drone value chain comprises airframes, components (optical systems, sensors, and engines), and semiconductors.

Software: In addition to improved hardware, drones are increasingly dependent on software, which can be used for either control, mapping, data analytics, or security. Drone software optimizes flight and facilitates communication with the operator.

Drones Value Chain Analysis

Drones Value Chain Analysis

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Competitive Landscape

Leading Oil and Gas Companies Using Drones 

Some of the leading oil and gas companies for their efforts within the drones sector are:

  • Abu Dhabi National Oil Company (ADNOC)
  • British Petroleum (BP)
  • Chevron
  • ConocoPhillips
  • Equinor
  • ExxonMobil
  • Occidental Petroleum
  • Petrobras
  • Shell
  • TotalEnergies

Leading Technology Companies

Some of the leading technology companies making their mark within the drones sector are:

  • AeroVironment
  • AgEagle
  • Alphabet
  • Amazon
  • BAE Systems
  • Baykar
  • Boeing
  • Dà-Jiāng Innovations (DJI)
  • Israel Aerospace Industries (IAI)
  • Intel

To know more about leading companies in the drones sector, download a free report sample

Drones in Oil and Gas Sector Scorecard

GlobalData uses a scorecard approach to predict tomorrow’s leading companies within each sector. The sector scorecards help to determine which companies are best positioned for a future filled with disruptive threats. Each sector scorecard has three screens:

  • The thematic screen shows who are the overall leaders in the 10 themes that matter most, based on the thematic engine.
  • The valuation screen shows whether publicly listed players appear cheap or expensive relative to their peers, based on consensus forecasts from investment analysts.
  • The risk screen shows who the riskiest players in each industry are, based on the assessment of four risk categories: operational risk, financial risk, industry risk, and country risk.

Integrated Oil & Gas Sector Scorecard – Thematic Screen

Integrated Oil & Gas Sector Scorecard – Thematic ScreenTo know more about sector scorecards related to drones in oil and gas market, download a free report sample

Reasons to Buy

  • Evaluates the drones value chain and highlights major players in each segment.

  • Impact analysis of drones on the oil and gas industry.

  • Review of some of the use cases highlighting the drones deployment by the oil and gas players.

  • Identify and benchmark key oil and gas companies and their role in the drones sector.

  • Identify and benchmark key technology vendors shaping the drones market.

Table of Contents

Executive Summary 4

Players 5

Tech Briefing 6

Artificial intelligence 6

Blockchain 8

Cloud computing 9

Cybersecurity 10

Internet of things 11

Robotics 13

Virtual and augmented reality 14

Trends 15

Industry trends 15

Technology trends 16

Industry Analysis 17

Digital transformation in the oil and gas industry 17

Market dynamics enabling digitalization 21

Strategic partnerships 22

M&A activities 23

Patents 24

Case studies 25

Value Chain 29

Upstream 31

Midstream 34

Downstream 36

Companies 38

Oil and gas companies 38

Equipment and services companies 41

Technology companies 44

Sector Scorecard 47

Integrated oil and gas sector scorecard 47

Independent oil and gas sector scorecard 50

Glossary 53

Further Reading 55

| Our Thematic Research Methodology 56

| About GlobalData 58

| Contact Us 59

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