European Commercial & Military Drones Industry Is Projected To Balloon At 21.9% CAGR by 2032 | Fact.MR The European drones market is projected to balloon at 21.9% CAGR and reach a market valuation of US$ 55.2 billion by 2032, thereby creating an absolute dollar opportunity worth US$ 47.6 billion during the forecast years of 2022-2032 Growth of the Europe drone market is attributed to rapid rise in the use of drones for commercial and residential applications along with the rising trend for the use of drones in agriculture and weather forecasting purposes. Download Free Sample Copy of this Report, HURRY!!! – https://www.factmr.com/connectus/sample?flag=S&rep_id=7365 Competitive Landscape: Key players in the European drones market are using state-of-the-art manufacturing tools and processes, such as advanced assembly techniques and robotic automation, thereby focusing on the quality and performance enhancement of drones. Market players are expanding at a great pace owing to rapid innovation being undertaken in drones, such as incorporating advanced functions and features in drones; for example high-quality drone motors, high-resolution cameras, etc. Furthermore, drone manufacturers are also focusing on collaborative activities with market players in emerging economies along with investing substantially in research and development activities. For instance: Parrot Drone SAS was chosen for the supply of micro-drones by the French Defense Procurement Agency (DGA) with ANAFI USA in 2021. These drones will be specially designed to meet the needs of military forces, having the best performance in the category. This will lead to the development of several hundred drones along with adaptations, and maintenance of software & equipment senseFly was acquired by AgEagle Aerial Systems Inc. in 2021. This acquisition will aid in accelerating the core growth strategy and the provision of full-stack drone solutions for application in energy, construction, agriculture, etc. Key Companies Profiled by Fact.MR BAE Systems, Inc. Parrot Drone SAS AltiGator Delair Flyability senseFly Pix4D SA Aerialtronics Europe Drone Industry Survey by Category Drone Type : Consumer/Civil Drones Commercial Drones Military Drones Product Type : Fixed Wing Drones Rotary Wing Drones Hybrid Drones by Payload : Drones up to 25 Kg 25 Kg- 50 Kg 50 Kg – 100 Kg 100 Kg -1150 Kg Above 150 Kgs by Power Source : Electric Drones Gas/Gasoline/Diesel Drones Hybrid Drones by End Use : Agriculture & Forestry Delivery & Logistics Media & Entertainment Construction & Mining Oil & Gas Security & Law Enforcement Recreational Activity Others For More Premium Insights, Check out the Link: Autonomous Last Mile Delivery Market Analysis By Platform (Aerial Delivery Drones, Ground Delivery Vehicles), By Solution (Hardware, Software), By Range (<20, >20 Kilometres), By Application ( Logistics & Transportation, Retail & Food), By Region – Global Insights 2031 Questionnaire answered in the Europe Drone Market report include: How the market for Europe Drone has grown? What is the present and future outlook of the global Europe Drone on the basis of region? What are the challenges and opportunities for the Europe Drone? Why the consumption of Europe Drone highest in region? In which year segment is expected to overtake segment?