Europe Oil & Gas Drones Market – Growth, Trends & Forecasts (2015-2020) – Research and Markets

February 23, 2016

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DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/rl4hrq/europe_oil_and) has announced the addition of the “Europe Oil & Gas Drones Market – Growth, Trends and Forecasts (2015-2020)” report to their offering.

The Europe Oil & Gas Drones Market is expected to grow at a CAGR of 25.2% during the forecast period from 2014 to 2020.

This market is driven by a number of factors, such as the Increasing safety norms in Oil & Gas Industry, the fall in Oil Prices and volatility expected to continue, the cost advantage to the Oil & Gas companies. However, this market faces certain drawbacks, such as the Federal regulations limiting the usage to line-of-sight, the Lack of Technological advancements for processing the raw data. These factors may act as a roadblock to the growth of the market.

This market can be broadly segmented into:

  • Fixed wing
  • Rotary Blades
  • Quad Rotor
  • Nano
  • Hybrid Drones.

This technology has applications in a variety of markets such as Agriculture, Construction, Infrastructure, Utilities, Mining, Inspection, Surveying, Cinematography, Law Enforcement and Oil & Gas. Market study indicates that the usage is bound to increase multi-fold in the Oil & Gas Industry. This is due to the revolutionary nature of drones to source huge amount of information in negligible period.

The market has been geographically segmented into Russia, UK and the Rest of Europe. Russia leads the market in Europe with a dire need to optimize its costs to optimize production. However, the usage of drones is relatively new to the leaders which could hinder the intensity of usage in this area.

Companies Mentioned:

  • Lockheed martin
  • Textron
  • Insitu
  • Draganflyer
  • AeroVironment
  • SKY Futures
  • Altavian
  • BAE Systems
  • ASN Technologies
  • Finmeccanica
  • Proxy Technologies

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Drivers, Constraints & Opportunities

5. Oil & Gas Drones Industry Value Chain Analysis

6. Porter’s Five Force Analysis

7. Europe Oil & Gas Drones Market Segmentation, by Geography

8. Oil & Gas Drones Market Segmentation, by Type

9. Key Company Analysis

10. Competitive Landscape

For more information visit http://www.researchandmarkets.com/research/rl4hrq/europe_oil_and

Category: Oil & Gas