The Europe military drones market is expected to grow from US$ 3,834.49 million in 2023 to US$ 5,931.60 million by 2028. It is estimated to grow at a CAGR of 9.1% from 2023 to 2028.

Surge in Global Defense Sector Fuels Europe Military Drones Market

Changes in the modern warfare system are urging governments across the region to allocate higher funds for their military forces. This budget allocation empowers military forces to procure advanced technologies and equipment from manufacturers worldwide. Similarly, soldier and military vehicle modernization practices are increasing in numerous countries. With the growing need to strengthen military forces with advanced technologies, armaments, and vehicles, defense forces globally are investing substantial amounts. A continuous urge to deploy new technologies in combat and non-combat operations is further boosting defense spending.

Asymmetric warfare or modern battlefields demand enormous information to carry out operations successfully. Fiscal budgets are now focused on robotic platforms and related technologies, contributing to the development and procurement of military drones.

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Europe Military Drones Market Overview

Based on country, the Europe military drones market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. European government authorities are introducing new rules for military drones. According to a news article by the European Commission in January 2023, new European Union (EU) rules focused on establishing a dedicated airspace for drones—U-space—were enforced, allowing operators to provide a broader range of services. This space creates safe conditions for drones to operate and further allows for the scaling up of the drone industry and services. These rules will help improve military drones' performance by carrying out complex, long-distance operations. These rules also focus on the technological development of drones under Drone Strategy 2.0 and support the full implementation of U-space by 2030. Further, in May 2022, the Indian government conducted Bharat Drone Mahotsav 2022 to promote the use of drone technologies in defense. Such government initiatives will contribute to the adoption and technological development of military drones, propelling market growth.

Europe Military Drones Market Segmentation

Europe Military Drones Market By Type

Group 1

Group 2

Group 3

Group 4

Group 5

Europe Military Drones Market By Application

ISR

Warfare

Europe Military Drones Market By Range

Short Range

Medium Range

Long Range

Europe Military Drones Market By Technology

Fixed Wing

Rotary Wing

Europe Military Drones Market Regions and Countries Covered  

Europe

UK

Germany

France

Russia

Italy

Rest of Europe

Europe Military Drones Market leaders and key company profiles

AeroVironment Inc

BAE Systems Plc

Elbit Systems Ltd

General Atomics

Lockheed Martin Corp

Northrop Grumman Corp

Textron Systems Corp

Thales SA

The Boeing Co

Israel Aerospace Industries Ltd

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