Forecast Period | 2024-2028 |
Market Size (2022) | USD 2.62 Billion |
CAGR (2023-2028) | 7.23% |
Fastest Growing Segment | Medium UAV |
Largest Market | Saudi Arabia |
Middle East Unmanned Aerial Vehicle Market is anticipated to expand at a rapid pace in the forecast period, 2024–2028. Due to strong economic growth, growing elite population, increased foreign investment, and other favorable factors, the growth of Unmanned Aerial Vehicle Market is boosting in Middle East & Africa.
Middle East Unmanned Aerial Vehicle Market Overview
Unmanned aerial vehicles (UAVs) are described as powered, aerial vehicles without human operators that fly autonomously or under remote control, carry lethal or non-lethal payloads, and use aerodynamic forces to provide vehicle lift. Unmanned aerial vehicles, or UAVs, are referred to as drones, or remotely piloted aircraft (RPAs). The flight of a UAV is controlled remotely by a pilot on the ground or in another vehicle, as well as autonomously through on-board computers.
The next-generation UAV is used for a variety of purposes, including photography, logistics, surveillance, and assessment. The introduction of UAV usage laws and regulations by different nations has a direct impact on the demand for unmanned aerial vehicles. Unmanned aerial vehicle (UAV) growth is anticipated to be boosted by the growing adoption of smart technology for surveillance, analysis, imaging, and other uses on a variety of fronts. The military & defence, agricultural, civil & commercial, logistics & transportation, healthcare, construction & mining, and other industries are among its end user.
Middle East Unmanned Aerial Vehicle Market Drivers
For the foreseeable future, the defence sector will remain the largest market for UAVs. UAVs have a significant place in counterterrorism and counterinsurgency operations. They can be used in extremely risky missions and for saving lives of personnel. The UAVs are employed for surveillance and intelligence gathering in hostile environments. They provide sharp images and videos that are helpful for ground forces. Militaries of many nations have carried out operations against terrorists using drones. Unmanned aerial vehicles (UAVs) are extremely useful for defence forces because they can be used for a variety of tasks, including situational awareness, bomb defusing, aiding soldiers in combat, and search and rescue missions.
UAVs are currently being used for transportation, surveillance, search and rescue, and other operations throughout the world have come at a high cost to the military. The ScanEagle is a small, long-endurance, low-altitude drone made by Boeing subsidiary Insitu that is primarily used for reconnaissance.
Middle East Unmanned Aerial Vehicle Market Trends
To ensure privacy and security, a protocol for authentication of drone deliveries must be in place. Thumb/fingerprint authorization or digital signatures may be necessary in densely populated suburbs before packages can be accepted. Since they have few security measures, the growing number of hacking incidents are the cause for concern. Companies in the drone sector offer analytics software as a service to their customers, processing data on cloud-based servers. The data is vulnerable to hacking because it is sent over and stored in an outside cloud network. For data security, industries require highly secured cloud servers. Data security and data encryption issues are thus a challenge for the UAV market.
Middle East Unmanned Aerial Vehicle Market
The UAV industry offers enormous opportunities for businesses, investors, and the government. UAV technology has developed to a level that put it in the vanguard of aerospace production
Drone adoption is anticipated to be promoted into the mainstream commercial sector by recent advancements in computer vision, machine learning, cloud computing, and data analytics. The pace of UAV adoption has been slowed down in the middle east countries and many other countries due to regulations that are either still too restrictive or have not yet been finalized.
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Recent Developments
- The flight control computer for Supernal's electric vertical takeoff and landing (eVTOL) vehicle will be designed and developed by BAE Systems, the two companies announced on October 17, 2022. For its air taxis, BAE Systems will establish the architectural framework of a compact fly-by-wire system. The fly-by-wire controls will effectively and safely steer the plane while it is in the air.
- For the supply of Puma 3 AE small, unmanned aircraft systems, AeroVironment was awarded two firm-fixed-price US Department of Defence Foreign Military Sales (FMS) contracts on September 20, 2022, totaling $20.8 million. One can launch Puma 3 AE with a hand, bungee, rail, or vehicle.
- AeroVironment announced on March 1, 2023, that the US Army had chosen it to take part in the Future Tactical Unmanned Aircraft System (FTUAS) program. The long-serving RQ-7B Shadow UAS will be replaced by a new unmanned system chosen by the US Army as part of this program.
- On December 21, 2022, the Romanian Ministry of National Defence awarded Elbit Systems a framework contract with a maximum value of $410 million to provide up to seven Watchkeeper X tactical unmanned aircraft systems (UAS).
- On September 28, 2022, Elbit Systems was awarded a $120 million contract to provide the Royal Thai Navy with Hermes 900 Maritime Unmanned Aircraft Systems (UAS) and training capabilities. The contract will be carried out over a three-year period.
- On April 26, 2023, General Atomics Aeronautical Systems (GA-ASI) announced that the Army National Guard (ARNG) has received funding from Congress for 12 new Grey Eagle 25M (GE-25M) Unmanned Aircraft Systems (UAS) for the fiscal year 2023.
- The MQ-9B line of remotely piloted aircraft will receive new additions, announced by General Atomics Aeronautical Systems Inc. on May 10, 2022. The SkyGuardian and SeaGuardian models of the MQ-9B aircraft, which are being developed by GA-ASI, are capable of short takeoff and landing (STOL).
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Market Segmentation
The Middle East Unmanned Aerial Vehicle
Market Players
Major companies in the Middle East and Africa Unmanned Aerial Vehicle market
Attribute
|
Details
|
Base
Year
|
2022
|
Historic
Data
|
2018 –
2021
|
Estimated
Year
|
2023
|
Forecast
Period
|
2024
– 2028
|
Quantitative
Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
Segments
Covered
|
Type
UAV Size
Range
End User
Country
|
Country
Scope
|
Saudi
Arabia, UAE, Turkey, Qatar, Iraq, Morocco, Kuwait, Oman, Bahrain, Rest of
Middle East
|
Key
companies profiled
|
Aeronautics Ltd, AeroVironment Inc, Aurora Flight Sciences,
Aviation Industry Corporation of China, BAE Systems Plc, Da-Jiang Innovations
(DJI) Science and Technology Co., Ltd, Denel SOC Ltd (Denel Dynamics
division), Elbit Systems Ltd, FLIR Systems, General Atomics Aeronautical
Systems Inc.
|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country, country
& segment scope.
|
Pricing
and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
|