Market Size of Europe Unmanned Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
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 Unmanned Systems Market Analysis
The Europe Unmanned Systems Market is poised to grow at a CAGR of over 5% during the forecast period.
There is no considerable impact of the COVID-19 pandemic on the military segment of the Europe unmanned systems market in 2020 and 2021. However, the demand from the civil and commercial end-users has reduced, majorly in 2020 due to the COVID-19 pandemic. Nevertheless, as the situation improved and commercial and research activities resumed, the demand improved in 2021.
The focus on several militaries to field small but capable forces is driving the development and procurement of unmanned systems in the military segment. The growth in the defense expenditures of major military powerhouses is also driving the R&D of advanced military unmanned systems. In the civil and law enforcement sector, the growing demand for unmanned systems for various applications like agriculture, mining, research, and cargo delivery, among others is driving the market growth.
The integration of advanced technologies like artificial intelligence and machine learning, along with the use of better materials and power systems, is expected to make the unammed systems more reliable, and effective in the years to come.
