The Middle East is a potential market for the growth of military drones over the forecast period. The strong emergence of defense markets in countries such as UAE and Saudi Arabia, growing partnerships with the other countries, and increasing the manufacturing of drones in the region is projected to lead to the growth of military drones in the forecast period.
According to MarkNtel Advisors’ research report titled “Middle East & Africa Military Drones Market Analysis, 2020”, the Middle East & Africa Military Drones market is anticipated to grow at a CAGR at a momentous rate during 2020-25. Based on Application, Delivery and Transportation registered growth with the highest CAGR during the forecast period owing to the rising adoption for the delivery of troops to the soldiers located in the remote areas. Moreover, the demand for drones is increasing in reconnaissance applications as they allow the military to monitor the situation and the operation of its enemy without endangering the lives of soldiers.
“Middle East & Africa Military Drones Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Military Drones providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Israel Acquired Considerable Market Share
Israel is projected to capture the largest market share in the Middle East Military Drone Market in 2020. The country is actively collaborating with other countries for the production of drones and is considered among the largest exporter of military drones in the Middle East. The demand for drones is high in the country as it is used mostly by Israel's military for monitoring its borders.
Moreover, UAE is also projected to register the fastest growth in the forecast period. The country is placing a lucrative opportunity for the growth of military drones as it is actively entering into the unmanned systems field by making first vertical take-off and landing (VTOL) drone as stated by the MarkNtel Advisors’ research report “Middle East & Africa Military Drones Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Middle East & Africa Military Drones market are Adcom, Boeing, General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp, Thales Group, BAE System, Saab AB, Raytheon Company etc.
Key questions answered in the study
What is the customer orientation, purchase behavior, and expectations from the Military Drones firms across various regions?