DUBLIN, Feb. 26, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/g466xx/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 projected to grow at a CAGR of 25.2% during the forecast period from 2014 to 2020

Any segment of the Oil & gas industry right from the upstream to the downstream would welcome the usage of drones, as it would be a game changer to any field it is used in. The advantage of reduction in time, reaching the unreachable places, ability to give out all types of data required, safety improvement, weather independency are all the factors which could revolutionize the Oil & Gas Industry with a special emphasis on the upstream activities.

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 and 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 major companies dominating this market in the Oil & Gas Sector for its products, services, and continuous product developments are Sky Futures, Insitu, Northrop Gumman, AeroVironment, Altavian, ING Robotic Aviation, Draganflyer, AeroVironment, Aerovel, BAE Systems, Finmeccanica, etc,. Lockheed Martin and Textron are driving the innovation in this field.

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

11. Appendix

Companies Mentioned

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

For more information visit http://www.researchandmarkets.com/research/g466xx/europe_oil_and

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SOURCE Research and Markets