Europe Unmanned Aerial Vehicle (UAV) Market Professional Survey Report 2019-2024

The advancements in the design and technology of UAVs are driving the market growth. The deployment of intelligence algorithms in UAVs is developing myriad opportunities and new avenues for the commercial use of drones. The decline in the prices of the drones over the past decade has also fueled its demand for commercial applications. Furthermore, the legalization and adoption of commercial drones in the market by government authorities have also brought many new valuable avenues for the business and usability in the market. According to the Graphical Research new growth forecast report titled "Europe Commercial Drone/Unmanned Aerial Vehicle (UAV) Market analysis based on Product, Technology, Application, Industry Analysis Report, Countries Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024", estimated to exceed USD 2 billion by 2024.

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The Europe Unmanned Aerial Vehicle (UAV) Market is driven by the growing demand for drones for commercial applications. The drones are being widely adopted by private enterprises to acquire data from strategic vantage points that have been either too expensive or inaccessible. The relaxation by European Aviation Safety Administration (EASA) for the commercial use of drones also encourages the growth of the market. EASA has introduced a risk-based approach to offer performance-based guidelines for regulating the drones market. This will scale up the opportunities for market players. The venture capitalist and angel investors are investing in the unmanned aerial vehicle space, encouraging new players to explore opportunities in new applications.

However, there are certain applications of the UAVs that are still in the testing phase. The safety and security issues associated with the use of UAVs are among the major factors hindering the market growth. Moreover, stringent government regulations related to the range and payloads are also among the major constraints in the market growth.

Emergency management has emerged as one of the most important applications of drones. This growth is attributed to advancements in the drone technology over the years such as artificial intelligence in drones, the advent of IoT-based drones, and high-resolution cameras.

The UK is estimated to witness a gradual growth in the commercial drone market due to its stance in the development and testing of commercial applications of civilian drones. The country with the authorization of The Civil Aviation Authority (CAA) in 2016 relaxed some of its rules and regulations concerned with applications of UK drones for commercial trials after requests from Amazon to test its Prime Air delivery services. This even included the operation of vehicles beyond VLOS and the use of anti-collision technology.

The Europe commercial drone market consists of both multinational companies with a wide product portfolio and regional players or SMBs that offer niche products and services. Some of the major market players are DJI, Parrot, 3D Robotics, Yuneec International, Cyberhawk Innovations Ltd., Intel Corporation, and senseFly.

Segments We Cover:

Europe Commercial Drone/Unmanned Aerial Vehicle (UAV) Market Size By Product (Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone), By Technology (Remotely Operated, Semi-Autonomous, Autonomous), By Application (Aerial Photography, Agriculture, Emergency Management, Inspection & Monitoring, Remote Sensing & Mapping, Wildlife Research & Preservation), Industry Analysis Report, Countries Outlook (UK, Germany, France, Italy, Spain, Netherlands, Russia), Growth Potential, Competitive Market Share & Forecast, 2019 – 2024

Table of Content:

Chapter 1.Methodology & Scope

• Market scope & definitions
• Assumptions
• Research methodology

Chapter 2.Executive Summary

Chapter 3.Industry Insights

• Industry segmentation
• Industry ecosystem analysis
• Industry impact forces
  • Growth drivers
  • Growth restraints
• Regulatory overview
• Porter’s analysis
• PESTEL analysis
• Competitive landscape, 2017

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/industry-insights/1016/europe-commercial-drone-unmanned-aerial-vehicle-UAV-market

The above information has been provided for the following regions and countries:

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Russia

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services.