Home Security Drone Industry - Regional Synopsis
North American Market Forecasts
North America industry is expected to dominate majority revenue share of 33% by 2037. Regional growth is expected to be driven by the high adoption rate of home security systems in general, due to their importance. As per statistics, almost 21 million US households have security devices installed in them. Countries like the United States and Canada have the most people with the highest per capita income and disposable income. This is one of the many reasons why ordinary people are interested in exploring advanced technologies that enhance their life cycle and therefore are constantly integrating them into their daily lives. The growth in this region can also be attributed to the presence of major market players who are increasing their funding for research and development of home security drone-related activities.
European Market Statistics
The home security drone market in the Europe region is set to hold a notable revenue share by the end of 2037. Deployment of drones in a number of sectors such as infrastructure, agriculture, transport, entertainment, and safety including the housing sector has been supported by amendments to drone legislation adopted by the European Union Aviation Safety Agency. This is predicted to drive the growth of the home security drone market in the Europe region. The European market has been expected to expand as a result of drone-friendly regulations that have attracted investors and the general public to share information in related sectors, thus making commercial use of drones more widely available.
