Military drones are aerial vehicles that are remotely piloted and utilized across the defense sector for surveillance, monitoring, target acquisition, intelligence, mapping, battle damage management, & reconnaissance. Additionally, since these drones are designed to hold heavy loads, they can carry bombs, missiles, or anti-tank-guided weapons, among others, and are becoming significant assets in the military.
The Middle East Military Drones Market is projected to grow at a momentous rate during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the rapidly increasing demand for technologically advanced defense systems by different countries across the Middle East, i.e., soaring the need for military drones in applications like surveillance, transportation, monitoring, mapping, & combat operations. Besides, the swiftly increasing defense budgets and government encouragement for the production and distribution of military drones are also driving the market.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Country Covered||UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait, Israel, Turkey, Iran|
|Key Companies Profiled||Adcom, Boeing, General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp, Thales Group, BAE System, Saab AB, Raytheon Company etc.|
|Unit Denominations||USD Million/Billion|
Moreover, the integration of Artificial Intelligence (AI) & the Internet of things (IoT) into military drones with features like picking targets autonomously with precision & persistence shall further boost their procurement across the defense sector of different Middle Eastern countries over the forecast years.
Several research & development activities by the leading players to bring innovations in these drones, along with other technologies like Infrared Thermography (IRT) & Hyperspectral Imaging (HSI), are also projected to drive the market through 2027.
Impact of Covid-19 on the Middle East Military Drones Market
The advent of Covid-19 in 2020 had a decelerating effect on most industries across the Middle East, and the Military Drone Market is no exception. With the imposition of stringent movement restrictions & frequent lockdowns by governments of different regional countries to curb the spread of this dreadful disease, the leading market players faced several challenges in procuring raw materials due to supply chain disruptions. It, in turn, adversely affected the production of military drones. Besides, the restricted transportation & logistics caused delivery delays or cancellations for pre-produced drones & equipment, which introduced significant revenue losses for the market leaders.
Moreover, since there were substantial investments in the healthcare sector to address the Covid-19 crisis, several countries shrunk their defense budgets and limited the procurement of new military systems. As a result, the demand for military drones reduced significantly and challenged the sustainability of the prominent players during the pandemic.