Navigant Research Report Shows the Total Market for Drones and Robotics for Transmission and Distribution Is Expected to Exceed $13 Billion by 2026

To overcome regulatory barriers, utilities must continue to deploy
pilot programs demonstrating the benefits of these technologies, report
finds

BOULDER, Colo.–(BUSINESS WIRE)–#Drones–A new report from Navigant
Research examines the use of drones and robotics for electric
transmission and distribution (DRTD) operations, with global market
forecasts for revenue, broken out by technology, application segment,
and region, through 2026.

Drones and robotics technologies have the potential to revolutionize the
way utilities interact with their transmission and distribution (T&D)
assets and collect critical data. As pilot programs continue to drive
regulatory change, and as emerging technologies advance, Navigant
Research forecasts exponential growth in the hardware, software, and
services segments of the drones and robotics for transmission and
distribution (DRTD) market. Click
to tweet: According to a new report from @NavigantRSRCH,
the total market for all DRTD segments is expected to reach $13.2
billion by 2026.

“Navigant Research has identified three core drivers for change in
utility operations: speed, savings, and safety,” says Michael Hartnack,
research analyst with Navigant Research. “Robotics technology has the
potential to deliver significant gains in all three of these areas,
primarily via ground-based, line-suspended, and aerial (drones and
unmanned aerial vehicles, or UAVs) innovations.”

According to the report, utilities should continue to deploy pilot
programs that demonstrate the benefits of DTRD technology, as every
successful pilot program leads to the creation of many more. The
prevalence of these programs is expected to help to overcome the
regulatory barriers slowing the market and eventually drive significant
growth.

The report, Drones
and Robotics for Transmission and Distribution Operations,
analyzes the drivers, barriers, and regional and global trends affecting
the deployment of robotics technology in electric T&D operations. The
study outlines the financial, reliability, and efficiency market drivers
for robotics technology while highlighting the technical and regulatory
challenges that suppress its short-term penetration. Global market
forecasts for DRTD revenue, broken out by technology and application
segment and region, extend through 2026. The report also examines the
key technologies related to robotics in utility operations, as well as
the competitive landscape. An Executive Summary of the report is
available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Drones and Robotics for Transmission and Distribution
Operations, is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions
and expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies
used to create the report. Neither Navigant Research nor Navigant
undertakes any obligation to update any of the information contained in
this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270*-8456
[email protected]