Europe Commercial Drone/Unmanned Aerial Vehicle (UAV) Market Revenue to Record Stellar Growth Rate During 2019-2024
Category: #technology  By Shashie Pawar  Date: 2020-02-14
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Europe Commercial Drone/Unmanned Aerial Vehicle (UAV) Market Revenue to Record Stellar Growth Rate During 2019-2024

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. 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.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1016/sample

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 Market, By Product

  • Fixed Wing Drone
  • Rotary Wing Drone
  • Hybrid Drone

Europe Commercial Drone Market, By Technology

  • Remotely Operated Drone
  • Semi-autonomous Drone
  • Autonomous Drone

Europe Commercial Drone Market, By Application

  • Aerial photography
  • Agriculture
  • Emergency Management
  • Inspection & Monitoring
  • Remote Sensing & Mapping
  • Wildlife Research & Preservation

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

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B. 
Corporate sales, 
Graphical Research 
Email: [email protected] 
Web: https://www.graphicalresearch.com

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About Author

Shashie Pawar

Shashie Pawar    

Shashie Pawar is a tech blogger and a digital marketing pro since 3 years and writes for Ground alerts. A Electronics & communication Engineering graduate by education, Shashie offers his analysis on the tech market research landscape. His strong suit is analyzing the...

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