Press Release Description
Middle East Military Drones Market to Reach USD 6.1 Billion by 2030 from USD 2.1 Billion in 2023
As per the recent report by MarkNtel Advisors, it is expected that the Middle East Military Drones Market size is valued at around USD 2.1 billion in 2023 & is projected to reach USD 6.1 billion by 2030. The market is also estimated to grow at a CAGR of around 11.21% during the forecast period, i.e., 2025-2030. There are multiple reasons that are propelling the growth of the Middle East Military Drone Market. One of the major reasons behind the growth of the industry is the surge in demand for defense systems which are technologically advanced.
Moreover, the integration of technologies like IoT and AI into military drone features such as persistence, and picking targets autonomously with precision further propels the procurement of drones across the defense sector of several countries of the Middle East over the anticipated period. Additionally, there are several R&D activities have been conducted by the dominating players of the industry to bring innovation and transform the military drone industry, along with other technologies such as- Hyperspectral Imaging and Infrared Thermography are also estimated to propel the industry by 2030, as further states the research report, “Middle East Military Drone Market Analysis, 2025.”
Middle East Military Drone Market Segmentation Analysis
Fixed Wing Drones Estimated to Dominate the Middle East Military Drone Market
On the basis of types, Middle East Military Drone Market is further bifurcated into:
- Rotary Wing
- Fixed Wing
- Hybrid/Transitional Wing
Out of all these drones, fixed drones are anticipated to dominate the military drone market of the Middle East with a notable share during the forecasted year, i.e., 2025-30. Compared with other types of drones, fixed drones are capable for carrying heavier loads for longer flight times without using much power. It implies that they are a perfect option for any mission like mapping, strategic defense, and surveillance, which requires high durability. Moreover, there are several military authorities that uses these drones in the defense industry. Thus, all these factors drive the growth of this segment during the anticipated period.
Saudi Arabia is Expected to Observe the Fastest Growth in the Military Drone Industry in the Middle East
Geographically, the Middle East Military Drones Market expands across:
- UAE
- Saudi Arabia
- Oman
- Bahrain
- Kuwait
- Qatar
- Israel
- Turkey
- Iran
Out of all these regions, Saudi Arabia is expected to observe the fastest growth in the Military Drone Market from 2025-2030. It owes mainly to the massive defense budgets of the budgets of the Saudi government due to their swiftly elevating economic conditions, and the rising requirement to strengthen national security by procuring equipment which are technically advances such as military drones for application such as monitoring, combat operations, surveillance, and transportation.
Furthermore, the government has signed several joint venture agreements owing to geopolitical tensions, and precautionary measures, which has further surged the defense budgets and as a result, it would positively affect the military drone market of the Middle East through 2030.
Competitive Landscape
With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market players, including- Aerotactix Ltd., BlueBird Aero Systems Ltd., UVision Air Ltd., China Aerospace and Technology Corporation, Northrop Grumman Corporation, AeroVironment Inc., Lockheed Martin Corporation, and Aeronautics Ltd., and Baykarre are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the Middle East?
- How has the industry been evolving in terms of geography & military drone adoption?
- How has the competition been shaping across various countries?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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