The inspection drone for confined space market in Europe is expected to grow from US$ 217. 19 million in 2019 to US$ 542. 17 million by 2027; it is estimated to grow at a CAGR of 12. 4% from 2020 to 2027.
New York, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe Inspection Drone for Confined Space Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Drone Type, and Application" - https://www.reportlinker.com/p05989530/?utm_source=GNW
The coming up of fast and advanced distribution channels is expected to drive the Europe inspection drone for confined space market.The inspection drone for confined space market is witnessing significant developments in areas concerning distributing channel.
Usually, these inspection drone for confined space are acquired directly from manufacturers, distributors, or resellers, by the companies using inspection drones.However, the emergence of e-commerce has allowed drone manufacturers to sell their products through online sales channels thus positively affecting the sales of inspection drone for confined space market.
This allows for reliable telephonic guidance or in-person guidance related to technical issues.Furthermore, it enables inspection drone for confined space market players to offer timely troubleshooting in programming faults and breakdown of mechanical components to prevent delays.
The rapid growth in the e-commerce industry has enabled players to provide drones online, thus increasing their customer reach and the region has witnessed a positive impact over inspection drone for confined space market. Online retailers such as Alibaba and Amazon have started offering inspection drones on their respective platforms, offering growth opportunities to the market players. Therefore, as new distribution channels are coming up the sales of inspection drones is going to increase and as a result it is expected to see a growth in Europe inspection drone for confined space market. Also, the declining of maintenance expenses is among the other factors expected to positively influence the demand for inspection drones for confined space market.
Due to COVID-19 outbreak, several countries in Europe are expected to suffer an economic hit due to a lack of revenue from various industries.Many of these member states have implemented drastic measures such as restrictions on travel, imports & exports, and shipment of goods.
This is anticipated to impact inspection drone for confined space market growth in Europe.The impact of COVID-19 varied from country to country across the European region as selected countries witnessed a surge in the number of confirmed cases and subsequently led to strict as well as more extended lockdown period or social isolation resulting in disruption of business.
For instance, in countries such as Italy and Spain the inspection based services demand decreased significantly owing to a notable number of positive cases across the country, thus leading to slow movement of goods or service offering.However, western European countries, such as Germany, France, and the UK, due to robust healthcare infrastructure have witnessed a comparatively moderate decline in their demand for inspection drone for confined space based services as the manufacturing and energy & power sector witnessed little impact over the pandemic.
The lockdown is expected to continue negatively impacting the inspection drone for confined space market and virtually disrupt the inspection drone for confined space market growth across selected countries during the coming few months and potentially the next few years.
Based on application, the quadrotor segment led the Europe inspection drone for confined space market in 2019.Quadrotor drones, commonly known as quadcopters, are capable of flying in any direction.
Also, they can smoothly hover in a specific place.Moreover, these can perform vertical take-off and landings, similar to the helicopters.
Although the control systems for quadrotor drones and helicopters considerably vary due to the flying dynamics.A quadrotor is equipped with four rotor arms and is available in various sizes.
These drones can carry smaller payloads, for example, a camera. They are widely used in inspections across energy installations such as oil refineries, construction, and mining. Thus, the new developments in quadrotor drones are going to drive the inspection drone for confined space market in Europe.
The overall Europe inspection drone for confined space market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe inspection drone for confined space market. DRONE VOLT; Flyability SA; Imaze Tech Ltd; Multinov; and Scout Drone Inspection AS are among a few players operating in the Europe inspection drone for confined space market.
Read the full report: https://www.reportlinker.com/p05989530/?utm_source=GNW
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