Global drone market forecast to surge to nearly $90 billion by 2030

The global drone market is projected to surge from $32.2 billion in 2024 to almost $90 billion by 2030, driven largely by increased commercial use across industries such as oil and gas.

Drones, or uncrewed aerial vehicles (UAVs), are becoming indispensable tools for oil and gas companies including Saudi Aramco, BP, Chevron, Shell, and TotalEnergies. These companies rely on drones for inspections of pipelines, offshore platforms, tanks, and flare stacks, helping to improve safety and reduce operational costs, Offshore Technologies writes. 

Equipped with advanced sensors and AI technologies, drones enable real-time monitoring of emissions, detect methane leaks, and assist with predictive maintenance, contributing to environmental compliance and operational efficiency.

Despite rapid growth, challenges like limited battery life, payload capacity, and regulatory hurdles remain. However, advancements in drone traffic management and evolving regulations allowing beyond-visual-line-of-sight flights are expected to further expand drone applications.

As commercial drone adoption accelerates, the oil and gas sector stands out as a key driver in this booming market.

By Sabina Mammadli