Drones Market Size And Forecast 2017-2037 (Europe)

Published 9 November 2017 by Malavika Tohani &
Drones / UAVs Operational Excellence Market Size & Forecast

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Executive Summary

This report will help investors as well as drone vendor executives in this sector (drone hardware, software and services) to better understand and assess the market opportunity for commercial, industrial and civil government drones in the European market for a 20-year period from 2017 to 2037. Our market analysis is based on disclosed vendor revenues, estimated revenues based on employee numbers and insights into current penetration rates. The market model is based on segments defined by eleven usage scenarios as opposed to industries. For the growth forecast, Verdantix applied logistic growth and bi-logistic growth curve algorithms, which are based on research of the typical patterns of the adoption of innovations by a specific population. The forecast finds that spending on the European commercial, industrial and civil government drones market will grow from €197 million in 2017 to €3.86 billion in 2037 representing a CAGR of 16%.

Table of contents

European Drones Market Size and Forecast 2017-2037
Market Size Data Reflects Scale Of Drone Software, Services and Equipment Vendors
Analysis Of Drone Market Segments Is Focused On Eleven Usage Scenarios
Growth Forecast For Drones Usage Is Based On Technology Adoption Algorithms
European Spend On Drones For Commercial, Industrial & Civil Government Is €197 Million
The European CICG Drone Market Will Reach €3.86 Billion In 2037
Market Structure Will Reflect Total Addressable Market Opportunity For Each Usage Scenario
Over The Twenty Year Forecast Software Will Take The Biggest Share Of Spend With Autonomous Innovations

Table of figures

Figure 1. €197 Million European Drones Market Split By Usage Scenario In 2017
Figure 2. European Drones Market Split By Country In 2017
Figure 3. European Drones Market Split By Category In 2017
Figure 4. European Drones Market Spend Forecast 2017-2037
Figure 5. European Drones Market Spend Forecast By Usage Scenario 2017-2037 
Figure 6. European Drones Market Spend Forecast By Country 2017-2037 
Figure 7. European Drones Market Spend Forecast By Category 2017-2037 

About the author

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on the digitization of Operational Excellence and covers operational risk technologies, best practices and growth strategies. Her recent research focussed on benchmarking the capabilities of the prominent operational risk software vendors. She has over 10 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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