Market Size of Europe Drone Services Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Drone Services Market Analysis
The European drone services market is expected to witness a CAGR of over 10% during the forecast period (2022 - 2027).
The COVID-19 pandemic impacted the drone services market in Europe significantly. The demand for drones from several commercial sectors decreased significantly in 2020. However, the pandemic accelerated the deployment of drones in applications such as monitoring streets as well as delivery of medications and COVID-19 test kits, among others. The market recovered significantly in 2021 with a rebound in the commercial sector demand.
The growing demand for drone service for a broad range of commercial applications from agriculture for efficient field planning to urban mobility is propelling the growth of the market in the European region.
Also, several drone operators are working on receiving approvals from the European Union Aviation Safety Agency (EASA) and other local and regional bodies for the introduction of Beyond-visual-line-of-sight Flights (BVLOS) operations. These approvals will allow the operators to expand their long-range operations, which is anticipated to boost the growth of the market during the forecast period.
Europe Drone Services Industry Segmentation
The European drone services market encompasses the market for drone-based services in various commercial and civilian applications in the European region. The market offers an overview of the developments in the drone services industry in the region. The European drone services market is segmented by application into construction, agriculture, energy, law enforcement, medical and parcel delivery, and other applications. The other applications segment includes the usage of drone services for applications such as entertainment, insurance, and mining. The report also offers the market size of and forecasts for the drone services market in major countries in the European region. For each segment, the market size and forecasts are represented in value (USD billion).
| Application | |
| Construction | |
| Agriculture | |
| Energy | |
| Law Enforcement | |
| Medical and Parcel Delivery | |
| Other Applications |
| Geography | |
| United Kingdom | |
| France | |
| Germany | |
| Spain | |
| Italy | |
| Rest of Europe |
Europe Drone Services Market Size Summary
The European drone services market is experiencing significant growth, driven by increasing demand across various commercial applications such as agriculture, urban mobility, and construction. The market, which faced challenges during the COVID-19 pandemic, has rebounded with a surge in demand for drones in monitoring and delivery applications. The construction industry, in particular, is leveraging drone technology for tasks like land surveying, topographic mapping, and remote monitoring, which enhance project accuracy and efficiency. Companies like PORR Group are adopting these technologies to streamline operations and improve project documentation. The push for Beyond-visual-line-of-sight (BVLOS) operations, supported by approvals from the European Union Aviation Safety Agency, is expected to further propel market growth by expanding the operational capabilities of drone service providers.
The United Kingdom stands out in the European drone services market, boasting the highest number of drone service providers. Initiatives like the Drones Pathfinder Catalyst Program aim to boost drone adoption in both public and private sectors, focusing on safe BVLOS operations. The market is characterized by high fragmentation, with numerous start-ups and established players like Terra Drone Corporation and Cyberhawk Innovations competing for market share. Partnerships between drone service providers and commercial sectors are enhancing market penetration, as seen in agreements like Cyberhawk's with SP Energy Networks. The competitive landscape is intensifying, with new entrants and technological advancements in data processing and analytics driving innovation and efficiency in drone operations.
Europe Drone Services Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)
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2.1 Application
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2.1.1 Construction
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2.1.2 Agriculture
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2.1.3 Energy
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2.1.4 Law Enforcement
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2.1.5 Medical and Parcel Delivery
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2.1.6 Other Applications
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2.2 Geography
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2.2.1 United Kingdom
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2.2.2 France
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2.2.3 Germany
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2.2.4 Spain
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2.2.5 Italy
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2.2.6 Rest of Europe
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Europe Drone Services Market Size FAQs
What is the current Europe Drone Services Market size?
The Europe Drone Services Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Europe Drone Services Market?
DroneDeploy, Inc., Terra Drone Corporation, Cyberhawk Innovations, Sulzer & Schmid Laboratories AG and senseFly are the major companies operating in the Europe Drone Services Market.
