Europe Unmanned Aerial Vehicle (UAV) Market Report and Forecast 2024-2032

Europe Unmanned Aerial Vehicle (UAV) Market Size

The Europe unmanned aerial vehicle market size reached USD 9.32 billion in 2023. The market is expected to grow at a CAGR of 6.32% between 2024 and 2032, reaching USD 16.19 billion by 2032.

Europe Unmanned Aerial Vehicle (UAV) Market Outlook

• Eurostat reported that European defence spending, at 1.3% of GDP in 2022, fueled growth in the UAV sector.

• Destatis noted 91,495 new buildings construction in Germany in 2023, driving demand for inspection drones.

• Eurostat data showed a 44% increase in Europe's agricultural income per work unit from 2015 to 2022.

Europe Unmanned Aerial Vehicle (UAV) Market Growth

Remote sensing technology is boosting the Europe unmanned aerial vehicle (UAV) market due to automation across industries and advancements in technology like fertiliser spraying, site inspection, etc.

With advancements in remote sensing technology UAVs come as the best option for aerial surveillance. Now UAVs are integrated with cutting-edge sensors which make them suitable for application across various industries. In agriculture, drones are equipped with multispectral cameras which can detect crop health, monitor irrigation efficiency, and even able to detect pests and diseases with unparalleled precision. With the ability to collect data efficiently, UAVs are becoming widely popular for remote sensing applications.

In October 2023, Amazon unveiled its plan to launch drone-based delivery in the UK and Italy by the end of 2024. These drones will deliver packages weighing up to five pounds in less than one hour. Also, Amazon launched its MK30 drone designs, which are quite different, smaller, and lighter than the previous models. This will allow them to provide one-day delivery with integration into some of our fulfilment centres.

With improvements in designs, UAVs nowadays are used for product delivery services. With fewer human interactions, companies in logistics and transportation are looking forward to exploring this opportunity, as these UAVs are capable of anonymously transporting small packages, medical supplies, and even food to remote locations without any hassle, providing a cost-effective solution to the logistics industry.

Europe Unmanned Aerial Vehicle (UAV) Market Segmentation

Europe Unmanned Aerial Vehicle (UAV) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Class

• Small and Medium UAV

• Large UAV

Market Breakup by Systems

• Platform

• Payload

• Datalink

• Ground Control Station

• UAV Launch and Recovery System

Market Breakup by Function

• Inspection and Monitoring

• Remote Sensing

• Product Delivery

• Search and Rescue

• Surveying and Mapping

• Border Management

• Photography and Film Production

• Others

Market Breakup by End Use

• Military and Defence

• Civil and Commercial

• Energy and Power

• Logistics and Transportation

• Construction and Mining

• Others

Market Breakup by Country

• Germany

• United Kingdom

• France

• Italy

• Others

Europe Unmanned Aerial Vehicle (UAV) Market Share

Within the UAV sector, border management reaps advantages like improved surveillance, economical operations, swift deployment, adaptability, and data gathering. Similarly, photography and film production benefit from UAVs' aerial views, cost-effectiveness, adaptability, efficiency, and safety features.

Leading Companies in the Europe unmanned aerial vehicle (UAV) market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.

• Northrop Grumman Corp.

• BAE Systems Plc.

• Lockheed Martin Corp.

• RTX Corp.

• Boeing Co.

• Elbit Systems Ltd.

• Airbus SE

• Thales S.A.

• Safran S.A.

• Zeus UAV Ltd.

• Others

The company provides thorough training and logistics services to equip military personnel for challenging missions. Explore state-of-the-art weapon systems, demonstrating advanced defence technology for contemporary warfare and security needs.

Key Highlights of the Report