Europe Commercial Drone Market Growth Analysis 2019 with Key Players DJI, Parrot, 3D Robotics, Yuneec International, Intel Corporation

Graphical Research has launched a report on Europe Commercial Drone Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

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.

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Key Players:
• DJI
• Parrot
• 3D Robotics
• Yuneec International
• Cyberhawk Innovations Ltd.
• Intel Corporation
• senseFly

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.

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.

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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.

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

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.

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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.

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