Although drone sales in the North American utility market will reach only about $850,000 in 2018, that number is expected to grow by more than 20 times – to $25 million – by 2026, as U.S. regulations ease and drone technology improves.
That’s the outlook from Michael Hartnack, a research analyst covering drones and robotics for transmission and distribution operations worldwide for Navigant Research. (For Navigant’s full market report, visit www.navigantresearch.com/research/drones-and-robotics-for-transmission-and-distribution-operations.)
While those numbers might appear underwhelming, they represent hardware sales only, and not revenue from ancillary drone services – such as piloting, training, software development, data management, cybersecurity and other support offerings – which will make the overall U.S. utility drone market significantly larger, Hartnack said.
So, what exactly is the state of drones in the North American utility sector today? What pieces need to fall into place to accelerate growth? And what are some of the most interesting future possibilities?
UFP recently spoke with Hartnack to get his perspective. Here is an edited version of our conversation.