What's driving the Europe Unmanned Aerial Vehicle Market trends? Key Players- DJI, Parrot, 3D Robotics, Yuneec International, Cyber hawk Innovations, Intel Corporation, senseFly

Europe Unmanned Aerial Vehicle Market to grow at over 24% CAGR up to 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.

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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, Cyber hawk Innovations Ltd., Intel Corporation, and senseFly.

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Segments We Cover:

Europe Commercial Drone Market, By Technology
Remotely Operated Drone
Semi-autonomous Drone
Autonomous Drone

Europe Commercial Drone Market, By Product
Fixed Wing Drone
Rotary Wing Drone
Hybrid Drone

Europe Commercial Drone Market, By Application
Aerial photography
Agriculture
Emergency Management
Inspection & Monitoring
Remote Sensing & Mapping
Wildlife Research & Preservation

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The above information has been provided for the following regions and countries:
UK
Germany
France
Italy
Spain
Netherlands
Russia

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