Rapid technological advancements taking place in the field of UAVs and communication technology to drive the growth of Middle East unmanned aerial vehicle market
According to TechSci Research report, “Middle East Unmanned Aerial Vehicle Market By Class (Small UAV, Tactical UAV, Strategic UAV and Special Purpose UAV), By Type (Fixed-wing UAVs, Fixed-wing VTOL UAVs, Rotary-wing UAVs), By Energy Source (Lithium-Ion Battery, Hybrid Cell, Solar Cell, Hydrogen and Fuel Cell), By Mode of Operation (Remotely Piloted, Optionally Piloted, Fully Autonomous), By Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), By MTOW (<25 Kilograms, 25-170 Kilograms, >170 Kilograms), By Application Industry (Defense & Security, Agriculture, Logistics & Transportation, Energy & Power, Construction & Mining, Media & Entertainment, Insurance, Wildlife & Forestry, Academics & Research), By Country, By Company, Forecast & Opportunities, 2025”, the Middle East unmanned aerial vehicle market is expected to grow at a formidable rate during the forecast period owing to the increasing effectiveness of UAVs in various combat situations coupled with technological advancements. Additionally, increasing demand for highly precise technologies for warfare is further expected to propel the market during the forecast period. Furthermore, rising focus of airline operators on maintaining passenger retention and brand image has led to frequent replacement and refurbishment of aircraft seats. Moreover, growing applications of UAVs for various commercial purposes, like remote sensing, photo and videography, oil, gas, and mineral exploration, disaster relief, recreational uses, among others is further expected to spur the market during forecast period. However, high accident rate of these vehicles can hamper the growth of market during forecast period. Moreover, stringent government regulations regarding the usage of unmanned aerial vehicles is also expected to hamper the growth of the market during the forecast period.
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The Middle East unmanned aerial vehicle market is segmented based on class, type, energy source, mode of application, range, MTOW, application, company and country distribution. Based on type, the market can be fragmented into fixed-wing UAVs, fixed-wing VTOL UAVs and rotary-wing UAVs. The rotary-wing UAVs segment is expected to dominate the market during the forecast period. This can be accredited to the robustness and high durability of the rotary blade as compared to other variants. The increasing adoption of the rotary blade UAVs for the photography and racing applications is also estimated to have a significant impact on the growth of the market. Based on mode of operation, the market can be grouped into remotely piloted, optionally piloted and fully autonomous. The remotely piloted segment is expected to dominate the market during the forecast period attributable to the increasing use of UAVs for border security patrol using software to fly the planes, due to which there is no need for the pilots to fly it. Based on range, the market can be categorized Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS) and Beyond Line of Sight (BLOS). The beyond line of sight (BLOS) segment of the UAV market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing use of these UAVs in commercial and consumer applications. Based on application, the market can be segmented into defense & security, agriculture, logistics & transportation, energy & power, construction & mining, media & entertainment, insurance, wildlife & forestry and academics & research. The defense & security segment is expected to dominate the market during forecast period on account of the increasing purchase of UAVs by various countries in the Middle East region. Chinese manufacturers have displayed a positive inclination to supply armed UAVs to countries such as Iraq and Saudi Arabia, which has increased their penetration in the Middle East region. Additionally, Israel and Turkey have upgraded and increased domestic production of the defense UAVs and are soon expected to compete in the Middle East region.
Elbit Systems Ltd., Israel Aerospace Industries, General Atomics Aeronautical Systems, Inc., Northrop Grumman Corporation, AeroVironment, Inc., Lockheed Martin CISS, Boeing Middle East Ltd., Parrot S.A., Piaggio Aero Industries S.p.A., Stemme AG and others are some of the leading players operating in Middle East unmanned aerial vehicle market. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
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“Middle East unmanned aerial vehicle market is expected to witness growth during the forecast period owing to the growing usage in personal & recreational applications such as travel/event photography, adoption for monitoring and mapping, and increasing inclusion of UAVs by the armed forces in the Middle East region. Additionally, presence of key players such as Elbit Systems Ltd., Israel Aerospace Industries, among others in the region further propels the market during forecast period. Furthermore, government initiatives to encourage drone usage for well-being are expected to propel the research and development initiatives in the region. For instance, in 2014, UAE government announced an annual competition named as UAE drones in order to encourage positive technology applications.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Middle East Unmanned Aerial Vehicle Market By Class (Small UAV, Tactical UAV, Strategic UAV and Special Purpose UAV), By Type (Fixed-wing UAVs, Fixed-wing VTOL UAVs, Rotary-wing UAVs), By Energy Source (Lithium-Ion Battery, Hybrid Cell, Solar Cell, Hydrogen and Fuel Cell), By Mode of Operation (Remotely Piloted, Optionally Piloted, Fully Autonomous), By Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), By MTOW (<25 Kilograms, 25-170 Kilograms, >170 Kilograms), By Application Industry (Defense & Security, Agriculture, Logistics & Transportation, Energy & Power, Construction & Mining, Media & Entertainment, Insurance, Wildlife & Forestry, Academics & Research), By Country, By Company, Forecast & Opportunities, 2025” has evaluated the future growth potential of Middle East unmanned aerial vehicle market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Middle East unmanned aerial vehicle market.
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