Europe Agriculture Drones Market Size & Outlook, 2023-2030
Europe agriculture drones market, 2018-2030 (US$M)
Related Markets
Europe agriculture drones market highlights
- The Europe agriculture drones market generated a revenue of USD 619.3 million in 2023.
- The market is expected to grow at a CAGR of 24.9% from 2024 to 2030.
- In terms of segment, rotary wing was the largest revenue generating type in 2023.
- Fixed Wing is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 619.3 million |
| Market revenue in 2030 | USD 2,934.3 million |
| Growth rate | 24.9% (CAGR from 2023 to 2030) |
| Largest segment | Rotary wing |
| Fastest growing segment | Fixed Wing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Wing, Rotary Wing |
| Key market players worldwide | Parrot SA, AgEagle Aerial Systems Inc, AeroVironment Inc, Trimble Inc, Draganfly Inc Ordinary Shares, DJI, PrecisionHawk, DroneDeploy, Autel Robotics, Pix4D, Sky-Drones, Sentera |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.6% of the global agriculture drones market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,612.6 million by 2030.
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Agriculture Drones Market Scope
Agriculture Drones Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe agriculture drones market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agriculture drones market will help companies and investors design strategic landscapes.
Rotary wing was the largest segment with a revenue share of 62.49% in 2023. Horizon Databook has segmented the Europe agriculture drones market based on fixed wing, rotary wing covering the revenue growth of each sub-segment from 2018 to 2030.
The Europe agriculture drones market is expected to witness significant growth, driven by innovations, such as precision spraying and pest monitoring, and the subsequent increase in the adoption of agriculture drones.
At a time when the adoption of agriculture drones in Europe is plagued by challenges and regulatory hurdles, ongoing efforts, such as the European Union's Drone Strategy 2.0 and trial projects, are paving the way for broader usage of agriculture drones.
Companies, such as ABZ Innovation, a developer of drones based in Hungary, are seizing the opportunity to lead the market by addressing legal and practical challenges, positioning themselves ahead of competitors as the market moves toward mainstream acceptance.
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Our clientele includes a mix of agriculture drones market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe agriculture drones market , including forecasts for subscribers. This continent databook contains high-level insights into Europe agriculture drones market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe agriculture drones market size, by country, 2018-2030 (US$M)
Europe Agriculture Drones Market Outlook Share, 2023 & 2030 (US$M)
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