Market Size of Europe Tactical UAV Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.45 Billion |
| Market Size (2029) | USD 2.72 Billion |
| CAGR (2024 - 2029) | > 13.31 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Tactical UAV Market Analysis
The Europe Tactical UAV Market size is estimated at USD 1.45 billion in 2024, and is expected to reach USD 2.72 billion by 2029, growing at a CAGR of greater than 13.31% during the forecast period (2024-2029).
- In recent years, Europe has witnessed a number of cross-border conflicts, including the ongoing Russia-Ukraine war and increasing terrorist activities. These conflicts have led to rising defense spending from European countries. This expenditure increase is directed toward procuring advanced weapons systems and adopting next-generation tactical drones, driving market growth.
- Furthermore, technological advancements and trends in newer-generation tactical UAVs are unlikely to slow down, indicating accelerating growth in the coming years. Real-time information is poised to become the most potent weapon for warfighters, commanders, and troops in critical military missions, enabling them to protect themselves. Consequently, tailoring responses to threats necessitates superior tactical intelligence, surveillance, and reconnaissance, thereby generating demand for tactical UAVs from armed forces worldwide.
- Several UAV manufacturers are developing newer tactical UAVs equipped with advanced payloads, such as electro-optical or infrared sensors, capable of transmitting live video and other invaluable information to empower troops. However, security issues and the misuse of UAVs for criminal activities hinder market growth.
