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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.
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 Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Class
Market Breakup by Systems
Market Breakup by Function
Market Breakup by End Use
Market Breakup by Country
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.
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.
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.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Class |
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| Breakup by Systems |
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| Breakup by Function |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 9.32 billion in 2023.
The market is projected to grow at a CAGR of 6.32% between 2024 and 2032.
The revenue generated from the unmanned aerial vehicle (UAV) market is expected to reach USD 16.19 billion in 2032.
The market breakup by the system includes platform, payload, datalink, ground control station, and UAV launch and recovery system.
The key players in the market are Northrop Grumman Corp., BAE Systems Plc., Lockheed Martin Corp., RTX Corp., Boeing Co., Elbit Systems Ltd., Airbus SE, Thales S.A., Safran S.A., and Zeus UAV Ltd., among others.
Based on the end use, the market is divided into sectors, which include defence, civil and commercial, energy and power, logistics and transportation, and construction and mining, among others.
Based on class, the market is divided into small, medium, and large UAVs.
The market is broken down into Germany, the United Kingdom, France and Italy, among others.
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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