Europe Unmanned Aerial Vehicle (UAV) Market to cross USD 2 billion by 2025

Market overview:
The Europe Unmanned Aerial Vehicle (UAV) Market is estimated to reach a valuation of USD 2.1 billion by the end of 2025 at a CAGR of 13.7 % during the forecast period.
Unmanned aerial vehicles, commonly known as UAVs are a type of remotely controlled aircraft that has no pilot on board. It is used in combat operations such as military, surveillance, border management, wildlife research, media reporting, traffic monitoring, and more. The UAV can be remotely controlled by a human operator or a computer program. UAVs are lightweight vehicles that can fly lower than airplanes and are less expensive than airplanes.

Recent Developments
July 2018: General Atomics signed a contract with the Royal Dutch Air Force to provide unmanned aerial systems.
(https://www.defensenews.com/digital-show-dailies/farnborough/2018/07/17/netherlands-signs-deal-for-unarmed-mq-9-reaper-drones/)
May 2018: DJI released a new version of the Phantom 4 Pro drone called Phantom 4 Pro V2.0. The updated model is essentially the same as the original 2016 version, but much quieter.
(https://www.theverge.com/circuitbreaker/2018/5/9/17336386/dji-phantom-4-pro-version-2-quieter-ocusync-video-streaming-noise)

January 2018: AeroVironment Inc. launched an automated Quantix hybrid drone and AV DSS analysis software through a network of authorized resellers.
(https://www.avinc.com/resources/press-releases/view/aerovironment-automated-quantix-hybrid-drone-and-av-decision-support-system)

Market Drivers and Restrains:
The increasing adoption of UAVs in dangerous military operations and a growing preference for new technologies for warfare without endangering human life is increasing the demand for drones in the military sector. The increasing adoption of military and commercial drones is a major factor driving the growth of the European market. The increasing adoption of UAVs in various industries such as oil and gas, telecommunications, mining, and retail is expected to accelerate the growth in the size of the Europe UAV market. The growth trend of drone delivery services is expected to drive demand over the forecast period.

Additionally, the growth of the Europe UAV market is also accelerating as the use of drones for patrolling border areas increases. In the event of a natural disaster, the increased use of UAVs for search and rescue operations and the use of drones in the agricultural sector are expected to drive the growth of the European market. Nonetheless, greater adoption of new technologies and greater adoption of drones for delivery, especially in the military sector in developing countries, could create great revenue opportunities for target players in the market. UAV market growth may be hampered by limited durability, technical and legal restrictions such as swap and bandwidth issues, and the presence of non-uniform laws and regulations that may limit the use of these systems in certain airspace.

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Report is segmented as:
On the basis of range, the Europe UAV market is segmented into EVLOS (extended line of sight), VLOS (visible line), and BLOS (over field of view). By application, the market has been segmented into commercial, government and police, military and consumer.
By rating, the market has been segmented into strategic and tactical UAVs, compact UAVs, and special-purpose UAVs. The compact UAV segment is expected to grow at the highest CAGR during the forecast period due to the demand for these UAVs in the defense sector for surveillance and reconnaissance applications.

Geographical Segmentation:
Europe has the largest share in terms of sales, especially in France and Germany, due to the adoption of new technologies and the presence of major manufacturers. The Russian market for unmanned aerial vehicles held the largest share of revenue in the region. The UK is expected to witness a gradual growth in the commercial drone market due to its stance on the development and testing of commercial applications by private drones.

Key market players:
Key players in the Europe unmanned aerial vehicle market include BAE Systems, Boeing, General Atomics, Elbit Systems, Northrop Grumman, Israel Aerospace Industries, AeroVironment, Textron, and Lockheed Martin Corporation.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
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