Shephard: annual UAV spending headed to $16.3bn, Europe leading the rise

Shephard Media says total annual drone spending has increased nearly sixfold since the start of the decade, from $2.9 billion in 2020 to $16.3 billion in 2028, with Europe leading the rise.

Why it matters: If Europe is leading the spend curve, the industrial question is who captures the production — not whether the requirement exists.

Entities Europe
Appears in Briefing No. 005
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Europe leads sixfold growth in global UAV spending this decade

Global annual spending on Unmanned Aerial Vehicles (UAVs) is projected to increase nearly sixfold this decade, from $2.9 billion in 2020 to $16.3 billion by 2028. Europe is noted as the primary driver of this significant growth.

Why it matters: Europe's leading role in the dramatic increase in global UAV spending signifies a strategic prioritization of unmanned aerial capabilities for future defense operations and industrial development.

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