Market Size of Europe Military Unmanned Vehicles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Military Unmanned Vehicles Market Analysis
The European Military Unmanned Vehicles Market is expected to witness a CAGR of over 7% during the forecast period, 2022 - 2031.
The impact of COVID-19 on the European military unmanned vehicles market was negligible, as the majority of the countries in Europe continued with their procurement and development plans. Several projects on semi-autonomous surface ships and submarines, next-generation small drones, and advanced UGVs of various sizes and capabilities are being developed through partnerships among EU countries.
Countries located in Eastern Europe have increased their investments in the procurement of military drones and UGVs in the past few years due to the growing militarization of the region by Russia. Due to the ongoing tension between Ukraine and Russia, it is expected that the defense spending by the European countries will further increase in the coming years. Also, the changing nature of warfare will result in countries investing significantly in unmanned systems to protect their soldiers.
Manufacturers of military unmanned vehicles in Europe are also targeting the Asia-Pacific market, which has huge growth potential during the forecast period.
