Europe Commercial Drone Market Size & Outlook, 2023-2030
Europe commercial drone market, 2018-2030 (US$M)
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Europe commercial drone market highlights
- The Europe commercial drone market generated a revenue of USD 5,904.4 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, rotary was the largest revenue generating product in 2023.
- Hybrid is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Finland is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,904.4 million |
| Market revenue in 2030 | USD 13,556.5 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Rotary |
| Fastest growing segment | Hybrid |
| 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, Hybrid |
| Key market players worldwide | AeroVironment Inc, Autel Robotics, Shenzhen International Holdings Ltd, Draganfly Inc Ordinary Shares, Intel Corp, Parrot SA, PrecisionHawk, Yuneec |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.7% of the global commercial drone market in 2023.
- Globally, Asia Pacific 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 20,383.0 million by 2030.
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Commercial Drone Market Scope
Commercial Drone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe commercial drone 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 commercial drone market will help companies and investors design strategic landscapes.
Rotary was the largest segment with a revenue share of 79.34% in 2023. Horizon Databook has segmented the Europe commercial drone market based on fixed-wing, rotary, hybrid covering the revenue growth of each sub-segment from 2018 to 2030.
European Aviation Safety Agency (EASA) is one of the key governing entities, which regulates the commercial drone laws and regulation across all the states in the European Union. The regulations for flying commercial drones across the region is highly fragmented with different regulations in each country.
However, the EASA is likely to make necessary modifications to design unified drone regulations for all the members of EU. EASA is expected to develop a unified framework, at the same time maintaining flexibility for each member state. To support these efforts from EASA and other country level regulatory bodies, government and industry stakeholders are collaborating to identify common concerns, and opportunities around the proliferation of commercial drones.
One such partnership occurred during the annual Robotic Skies workshop held at Oxford, UK. This partnership covered the role of public policy and private industry in the drone industry. The panels in the event, comprising many industry experts and former key members of FAA, addressed EASA recommendations.
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Our clientele includes a mix of commercial drone 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 commercial drone market , including forecasts for subscribers. This continent databook contains high-level insights into Europe commercial drone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe commercial drone market size, by country, 2018-2030 (US$M)
Europe Commercial Drone Market Outlook Share, 2023 & 2030 (US$M)
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