Drone-based Inspections Market for Oil and Gas to Grow with a High CAGR During 2021-2029 Drones Integration with Artificial Intelligence (AI) to Drive the Market Growth – MENAFN.COM

  • Date: 30-Apr-2021
  • Source: MENAFN
  • Sector:Oil & Gas
  • Country:Gulf
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Drone-based Inspections Market for Oil and Gas to Grow with a High CAGR During 2021-2029 Drones Integration with Artificial Intelligence (AI) to Drive the Market Growth – MENAFN.COM

(MENAFN - America News Hour) Research Nester released a report titled 'Drone-based Inspections Market for Oil and Gas: Global Demand Analysis & Opportunity Outlook 2029' which delivers detailed overview of the global drone-based inspections market for oil and gas in terms of market segmentation by end user, application type, and region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market. The drone-based inspections market for oil and gas is projected to grow with a high CAGR during the forecast period, i. e., 2021-2029 on account of the rising adoption of drones in all three sectors in the oil and gas industry. Due to the stabilized oil prices from the end of 2019 and declining drilling cost, the offshore rig count and offshore oil production are expected to increase, which is anticipated to be a significant driver for the global drone-based inspections market oil and gas. The market is segmented by end-user into upstream, downstream, and midstream. Among these segments, the upstream segment is anticipated to hold the largest share by the end of