Europe Commercial Drones Market Size, Share & Industry Trends Analysis Report By Product (Rotary Blade, Fixed-wing and Hybrid), By End-use, By Application, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Europe Commercial Drones Market
Market Report Description
The Europe Commercial Drones Market would witness market growth of 34.0% CAGR during the forecast period (2022-2028).
Operations involving search and rescue are inherently tricky. Also, time is usually of the essence. To seek survivors, a lot of resources are required. Without the need to deploy a sizable ground force, drones may play a significant role in aiding in the swift and effective location of individuals. Thermal imaging, GPS, and other sensors on modern commercial drones enable them to acquire information and find individuals more quickly than conventional means. Drones equipped with thermal sensors may be used in earthquake or landslide situations to locate survivors trapped beneath debris by detecting their heat signatures.
The ground staff may then get their GPS coordinates. Even in low- or no-light situations, thermal or infrared payloads are immensely beneficial for performing search and rescue operations. Drones with two-way communication capabilities may be utilized during search and rescue efforts to speak to the victims and comfort them that assistance is coming. Drones with a payload drop mechanism may also carry vital life-saving supplies like water, food, and medical help.
The market for commercial drones in Europe is expected to grow in response to ongoing sensor technological developments. Another one of the main trends in the regional industry is the expanding utilization of integrated sensor technologies. Also, there is a direct correlation between the need for multirotor drones in the region and the requirement for analytics to advance the services sectors. The expansion of the regional market is anticipated to be fueled by the presence of both developed and developing countries in the region. Additionally, in recent years, the emergence of cloud-based systems for decision support has provided new prospects for companies in the multirotor drone industry. This supports the growth of the regional market.
The Germany market dominated the Europe Commercial Drone Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,891.4 Million by 2028. The UK market is anticipated to grow at a CAGR of 32.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 34.9% during (2022 - 2028).
Based on Product, the market is segmented into Rotary Blade, Fixed-wing and Hybrid. Based on End-use, the market is segmented into Media & Entertainment, Security & Law Enforcement, Agriculture, Energy, Real Estate & Construction and Others. Based on Application, the market is segmented into Filming & Photography, Mapping & Surveying, Surveillance & Monitoring, Inspection & Maintenance, Precision Agriculture and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Commercial Drones Market will Hit $167 Billion by 2028, at a CAGR of 34.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AeroVironment, Inc., SZ DJI Technology Co., Ltd., PrecisionHawk, Inc., Autel Robotics Co., Ltd., Draganfly Inc., Intel Corporation, Teledyne FLIR LLC (Teledyne Technologies Incorporated), Aeronavics Ltd., Parrot Drones SAS, and EHang Holdings Limited.
Scope of the Study
Market Segments Covered in the Report:
- Rotary Blade
- Media & Entertainment
- Security & Law Enforcement
- Real Estate & Construction
- Filming & Photography
- Mapping & Surveying
- Surveillance & Monitoring
- Inspection & Maintenance
- Precision Agriculture
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- AeroVironment, Inc.
- SZ DJI Technology Co., Ltd.
- PrecisionHawk, Inc.
- Autel Robotics Co., Ltd.
- Draganfly Inc.
- Intel Corporation
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- Aeronavics Ltd.
- Parrot Drones SAS
- EHang Holdings Limited
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Global Commercial Drones Market Report 2022-2028
North America Commercial Drones Market Report 2022-2028
Asia Pacific Commercial Drones Market Report 2022-2028