According to MarkNtel Advisors, the Middle East & Africa Drones Market is projected to grow at around 35.12% CAGR during 2021-26. The market is driven primarily by the rapidly increasing investments by various countries in bringing innovations in drone technology, owing to the mounting awareness about the triggering business outlook. Besides, the strategic investments by several companies in start-ups to address the surging demand for drones like air taxis, logistics, survey & surveillance, monitoring, mapping, etc., also drive the market.
Additionally, rapid innovations in drone technology due to the booming demand for drones with lighter components & structural materials, enhanced battery backup, microprocessors, sensors, etc., are also augmenting the overall market growth across the Middle East & Africa region.
The drone industry is undergoing constant technological advancements like Hybrid Propulsion, Vertical Take-off Landing (VTOL), Artificial Intelligence (AI) for crowd control, Augmented Reality (AR) for 2D-3D mapping, etc. Consequently, these aspects are also expected to propel the overall market growth in the coming years.
Fixed-Wing Drones to Gain Traction during 2021-26, Rotary-Wing Drones Dominate the Market
The fixed wings of drones are similar to an airplane, with long-range flying capabilities of a minimum of 16 hours when powered by gas engines, resulting in their extensive range of applications in different verticals. As a result, these drones efficiently hover for an extended period and comply with operations like monitoring targets, mapping larger areas, etc. Hence, based on these aspects, the demand for Fixed-Wing Drones is likely to increase considerably in the coming years. On the other front, the market dominance of Rotary-Wing Drones in applications like mapping & surveying, photography & videography, inspections, & surveillance owes principally to their excellent VTOL capabilities.
With Rapid R&D activities in Drone Technology, Israel to Dominate the Market Through 2026
Israel immensely supports the start-ups involved in the drone industry for rapid product developments, especially across verticals like agriculture, construction, pharmaceuticals for deliveries, security, surveillance purposes, etc.
Besides, the country is also a hub of prominent IT companies like Microsoft & Google that conduct several research & developments in drone technology. Hence, with these aspects, Israel is anticipated to dominate the drone market in the coming years, states MarkNtel Advisors in their research report, "Middle East & Africa Drones Market Analysis, 2021."
According to MarkNtel Advisors, the leading players in the Middle East & Africa Drones Market are BAYKAR Unmanned Aerial Vehicle Systems, IAI, Kronshtadt Group, DJI, EHang, Shenzhen Damoda, China Academy of Aerospace Aerodynamics, Microdrones GmbH, FalconViz, Terra Drone Corporation, BlueBird Aero Systems Ltd., Airobotics Ltd., Integrated Aerial Systems, AeroVironment Inc., and Parrot SA.
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