PUBLISHER: Grand View Research | PRODUCT CODE: 1511802
PUBLISHER: Grand View Research | PRODUCT CODE: 1511802
The Europe commercial drone market size is anticipated to reach USD 13.56 billion by 2030, registering a CAGR of 12.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing demand for aerial solutions and data-driven insights is fueling the adoption of commercial drones in Europe. Businesses and organizations recognize the value of drones for capturing aerial imagery, data, and insights that provide valuable information for decision-making, planning, and operations. Drones offer a cost-effective and efficient solution for collecting actionable intelligence and driving industry adoption and market growth. Drones are used for several applications and are fetching demand from multiple industries, such as crop management in the agriculture industry, delivery in e-commerce and logistics, aerial shots in media and entertainment, advertising and project planning in real estate and construction, inspection and maintenance in energy, and others.
This broad applicability in various use cases from a multitude of industries is propelling market growth. In addition, government initiatives play an influential role in fueling market growth. For instance, in February 2024, the UK government announced its Defense Drone Strategy to foster the adoption and development of unmanned systems across land, sea, and air for the armed forces. The country intends to implement this initiative over the next decade and has invested USD 5.6 billion to support its plan. Moreover, growing investments by businesses and venture capitalists stimulate market growth. For instance, in June 2023, Leonardo SpA, a company operating in the aerospace, security, and defense sectors, acquired a 10% stake in the cargo drone manufacturer Flying Drone. This investment is tied to the potential role Flying Basket could fulfill in a forthcoming national logistics network reliant on cargo drones.