Regulatory compliances that restrict the utilization of these UAVs are expected to present considerable growth challenge to the market participants
Federal Aviation Administration (FAA) regulations in the U.S. such as requirement of specific qualifications, certifications, or design modifications, regulations regarding VLOS and BVLOS, and its distinctness across countries is expected to be the major factor that will hamper the market growth. According to Coherent Market Insights, several countries that include parts of Western Europe and the U.S. are expected to upgrade regulations regarding use of UAVs, which may increase the stringency of the regulations. This may also present significant growth barriers to the new entrants in the industry.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients