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Market Definition
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.
Market Insights
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.
| Report Coverage | Details |
|---|---|
| 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.
Market Segmentation
Based on Type:
Of them all, Fixed Wing drones are anticipated to dominate the Middle East Military Drones Market with the largest share during 2022-27. It attributes principally to their capabilities to fly long distances on a single battery, owing to which they are witnessing a burgeoning demand in the militaries of different regional countries. Besides, benefits like superior engine efficiency and excellent aerodynamics are other factors behind the growing deployment of these drones in applications like surveillance, monitoring, transportation, combat missions, etc.
On the other hand, Rotary-Wing drones are projected to observe the fastest market growth over the forecast years, principally since they can carry heavy loads from places and are used majorly in applications like spying, logistics, & transportation by the military personnel.
Besides, the increasing defense budgets to procure robust military equipment & strengthen defense mechanisms are also promoting the deployment of rotary drones for tactical military operations to gather intelligence, surveillance, & reconnaissance missions, i.e., another aspect expected to stimulate the overall market growth in the coming years.
Country Landscape
Geographically, the Middle East Military Drones Market expands across:
Of all countries in the region, Saudi Arabia is projected to demonstrate the fastest growth in the Military Drone Market during 2022-27. It owes principally to the massive defense budgets of the Saudi government due to their swiftly improving economic conditions and the growing need to strengthen national security by procuring technologically advanced equipment like military drones for applications like surveillance, monitoring, transportation, and combat operations.
Besides, favorable policies & growing encouragement by the government are generating prospects for the foreign players & local manufacturers to develop military drones and stimulate the overall market growth across Saudi Arabia.
Moreover, the government has signed several joint venture agreements owing to geopolitical tensions & precautionary measures, which has further surged the defense budgets and, consequently, it would positively impact the military drones market through 2027.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Middle East Military Drones Market is projected to witness momentous growth rate during 2022-27.
A. Massive defense budgets and the growing procurement of technologically advanced military drones are the key aspects anticipated to play a crucial role in driving the Middle East Military Drones Market through 2027.
A. Fixed-Wing military drones are anticipated to emerge as an area of remunerative opportunities for the leading players in the Middle East Military Drones Market over the forecast years.
