Europe Military Drone Market Size & Outlook, 2023-2030
The military drone market in Europe is expected to reach a projected revenue of US$ 19,546.6 million by 2030. A compound annual growth rate of 12.6% is expected of Europe military drone market from 2024 to 2030.
Revenue, 2023 (US$M)
$8,513.9
Forecast, 2030 (US$M)
$19,546.6
CAGR, 2024 - 2030
12.6%
Report Coverage
Europe
Europe military drone market, 2018-2030 (US$M)
Europe military drone market highlights
- The Europe military drone market generated a revenue of USD 8,513.9 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, fixed-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.
Europe data book summary
| Market revenue in 2023 | USD 8,513.9 million |
| Market revenue in 2030 | USD 19,546.6 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Fixed-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 |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.6% of the global military drone 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 26,490.5 million by 2030.
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Military Drone Market Scope
Military drone market segmentation & scope
Operation Mode
Remotely Piloted
Partially Autonomous
Fully Autonomous
Range
Visual Line of Sight (VLOS)
Extended Visual Line of Sight (EVLOS)
Beyond Visual Line of Sight (BVLOS)
Application
Intelligence, Surveillance and Reconnaissance (ISR)
Logistics & Supply
Other Application
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Military Drone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe military drone market
Related regional statistics
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