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Verdantix Forecasts The European Drones Market

By [email protected] - 22nd December 2017 - 10:26

The market in Europe for drone-related equipment, software and services will grow from €197 million in 2017 to €3.9 billion in 2037. This is according to a new market size and forecast model from independent research firm Verdantix. The assessment considers spending on drones across eleven usage scenarios relevant to commercial and industrial firms as well as civil government such as police, fire services and coastguards. The 2017 market size is based on a detailed analysis of the revenues of drones equipment vendors and solution providers. Verdantix CEO, David Metcalfe commented, “Drone providers like Aerialtronics, Aibotix, Airbot, Airware, CyberHawk, Delair-Tech, Drone Volt, Flyability, Microdrones, Parrot, Sky-Futures and Unifly are well-positioned to benefit from anticipated annual growth in demand of 33% over the next five years.”