Market Definition
Drones, also known as Unmanned Aerial Vehicles (UAVs), are devices used for different applications, such as capturing the high definition aerial images, transporting goods, surveillance, etc. Across the Middle East & Africa, they are rapidly gaining traction across different verticals like construction, media & entertainment, agriculture, defense, etc.
Market Insights
The Middle East & Africa Drones Market is projected to grow at a CAGR of around 35.12% during the forecast period, i.e., 2021-26. Across the Middle East, there are several construction projects active throughout countries like Saudi Arabia, UAE, Egypt, Israel, and Turkey, among others. These countries are contributing significantly to the increasing demand for drones for different applications, such as 2D & 3D modeling & mapping, site monitoring & surveillance, land surveying, waste minimization, etc., thereby driving the market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR | 35.12% |
| Countries Covered | Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, Egypt, South Africa, Turkey |
| Key Companies Profiled | 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., Parrot SA |
| Unit Denominations | USD Million/Billion |
On the other hand, across Africa, the demand for drones is rising primarily for applications like postal delivery & agricultural activities like soil scanning, crop monitoring, pesticide spraying, weed & disease detection, fish population, etc.
Besides, various companies are strategically funding new start-ups to suffice the demand for drone applications like surveying, air taxis, mapping, logistics, and surveillance. The innovations in drones in recent years have led to better battery backup & flying duration, lighter components, integrations of sensors, microprocessors, etc.
Furthermore, the market growth is also fueled by rapid technological advancements like Hybrid Propulsion in VTOL (Vertical Take-Off & Landing), Augmented Reality (AR), Artificial Intelligence (AI), etc., in drones.
Key Trends in the Market
Integration of Artificial Intelligence in Drones to Boost the Market through 2026
Rapid technological advancements in different electronics like cameras, smartphones, processors, micro-controllers, and modern computing have augmented the integration of Artificial intelligence (AI) in drone technology. These developments have enabled companies to develop drones with built-in capabilities to calculate volume, distance, range, area, & other aspects and manage massive data to extract accurate results and, in turn, allow them to perform better. Hence, with these factors, the drones market across the Middle East & Africa region shall witness a significant boost in the years to come.
Impact of Covid-19 on the Middle East & Africa Drones Market
The Covid-19 pandemic in 2020 had a dual impact on the Middle East & Africa Drones Market. Initially, governments of the different countries in the region imposed stringent movement restrictions & frequent lockdowns to combat the virus spread. It led to supply chain disruptions, shortage of labor & raw materials, project delays & cancellations, and shutdown of manufacturing units, which, as a result, introduced massive financial losses.
However, the leading players in the market figured out new ways to sustain themselves in the market. The demand for drones rose substantially across the region for applications like transporting & delivering medicines & essential goods, surveillance & monitoring across containment zones, etc. Hence, the market observed a temporary hike amidst the crisis.
Moreover, with gradual improvements in the pandemic situation, the governments began to uplift the limitations and allowed the recommencement of operations, which enabled the market to revive through 2021.
Nevertheless, in the coming years, the market is anticipated to undergo swift progress & rapid technological advancements, which shall further create remunerative growth opportunities for the leading market players over the forecast years.
