The European Drone Market Is Projected To Grow At A CAGR Of 21.9% By 2032

The European drone market is estimated to be worth US$7.6 billion in 2022 and is projected to register an impressive growth of 21.9% CAGR through 2032. The market registered an annual growth of 16.6% between 2017 and 2021, according to an analysis Industry insight by Fact.MR, a provider of market research and competitive intelligence.

Drones find high use in the military; however, with increasing advancements, they are now used for commercial and recreational purposes as well. Drones are now perceived as a source of utility and entertainment, and are also used for entertainment purposes, in addition to other commercial uses. For example, they are being widely used for video recording and also in the film, television and photography industries.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=7365?PJ

𝐊𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐭𝐮𝐝𝐲

• The European drone market is estimated to reach a valuation of US$55.2 billion by the end of 2032.
• The market witnessed a growth rate of 16.6% during the years 2017-2021.
• In the type of drones, military drones lead with a 50.3% share of the overall market in 2022.
• Commercial drones account for 33.8% of the market share and are projected to increase to 22.3% CAGR during the forecast years of 2022-2032.
• In end use, construction and mining dominate with a 27.8% market share and are likely to expand at a CAGR of 22.9%.
• Germany leads the market with a share of 18.2% = and is projected to advance with a CAGR of 20.3% over the forecast years.
• Together, Germany and the UK are likely to account for 33.8% of the total market share in 2022.

" Increased demand for drones for recreational and commercial purposes, coupled with advances in drone technology, is expected to drive the European drone market for years to come," says a Fact.MR analyst.

𝐒𝐮𝐫𝐯𝐞𝐲 𝐨𝐧 𝐭𝐡𝐞 𝐝𝐫𝐨𝐧𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞 𝐛𝐲 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐲

• Europe Drone Market By Drone Type:

• consumer/civilian drones
• Commercial Drones
• military drones

• Europe drone market by product type:

• fixed wing drones
• rotary wing drones
• Hybrid drones

• Europe Drone Market by Payload:

• Drones up to 25 Kg
• 25 Kg- 50 Kg
• 50 kg - 100 kg
• 100 kg -1150 kg
• Above 150 kg

• Europe Drone Market by Power Source:

• electric drones
• Gas/petrol/diesel drones
• Hybrid drones
• Europe Drone Market by End Use:
• Agriculture and forestry
• Delivery and Logistics
• media and entertainment
• Construction and Mining
• oil gas
• Security and Law Enforcement
• recreational activity
• Others

• Europe Drone Market By Sales Channel:

• OEM
• after sales
• online stores
• Direct to Consumer
• Third party online
• modern commercial channels
• electronic stores
• franchised stores
• Independent Stores
• Others

• Europe drone market by country:

• Germany
• Italia
• France
• spain
• United Kingdom
• Russia
• BENELUX
• rest of Europe

𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

The main drone manufacturers in Europe are witnessing increased competition in a market that has experienced great development in terms of innovation and technological advancement. Due to the increased application of drones in different end-use industries, companies in the market are focusing on reducing the cost of drones to make them more accessible.

𝐌𝐨𝐫𝐞 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐨𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the European drone market, presenting historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The study reveals essential information by drone type (consumer/civilian, commercial, military), product type (fixed wing, rotary wing, hybrid wing), payload (up to 25kg, 25kg-50kg, 50kg-100 kg, 100 kg- 150 kg, over 150 kg), power source (electric, gas/gas/diesel, hybrid), end use (agriculture and forestry, delivery and logistics, media and entertainment, construction and mining, oil and gas, security and laws law enforcement, recreation, other) and sales channel (OEM, after-sales (online stores (direct-to-customer, third-party online), modern trade channels, e-stores (franchise store, independent stores ), others), in the main European countries (Germany, Italy, France, Spain, United Kingdom, Russia, BENELUX and the rest of Europe)

𝐆𝐞𝐭 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.factmr.com/connectus/sample?flag=RC&rep_id=7365?PJ

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This release was published on openPR.