WASHINGTON STATE DEPARTMENT OF COMMERCE
The State of the European Drone Industry
As one of the oldest and most mature of all of the regional commercial drone markets , Europe has experienced a series of decisive developments over the past few years which will shape the European drone industry in the years to come . These can be split into market developments , financial developments , regulatory developments and the consolidation of the industry , bringing about a healthy array of major drone market players in all three segments .
The European Drone Market Size is Set to Double in 2020-2025
The European drone market is set to grow at a 13.7 percent CAGR , from 5.19 billion dollars in 2020 to 9.86 billion dollars in 2025 , almost doubling in size . This marks a steady growth of the already relatively mature drone market in Europe . While not increasing in size at as rapid of a pace as some other regions , like Asia , the European drone market is expected to keep maturing and consolidating in the next five years .
OCTOBER | NOVEMBER 2020 ISSUE NO . 17 65