The Middle East and Africa small UAV market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing use in various industry verticals.
Unmanned aerial vehicle (UAV) also known as drone, is an aerial transportation medium that operates without on-board crew or passengers. It is controlled by a remote control. UAV is the next generation aircraft technology utilized for assessment, logistics, surveillance, and videography, among others. Introduction of rules and regulation pertaining to usage of UAVs by various countries are directly influencing the demand for UAVs.
It is used in variety of industries, including military and defense, agriculture, civil and commercial, logistics and transportation, healthcare, construction and mining, However, the propagation of the COVID-19 pandemic has had a substantial influence on the global unmanned aerial vehicle (UAV) market. The decline in spending on aerial technology and closedown of manufacturing facilities, has hampered the development and deployment of autonomous aircraft, notably UAVs.
Market Trends, Drivers, Restraints, and Opportunities
- The expanding use of smart technology for monitoring, analysis, and imaging, among other things, is likely to stimulate the demand for UAVs.
- Rising military spending is expected to drive the growth of Middle East and Africa small UAV market.
- Increasing demand for better surveillance solutions is propelling the market growth.
- High cost of UAV solutions can hamper the industry expansion.
- Contracts and agreements with armed forces, as well as defense modernization are projected to offer lucrative growth opportunities for the market players.
Scope of the Report
The report on the Middle East and Africa small UAV market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Middle East and Africa Small UAV Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Fixed-wing and Rotary-wing) and Applications (Military & Law Enforcement, and Civil & Commercial)
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Geographical Scope
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Saudi Arabia, Israel, The UAE, and Rest of Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Elbit Systems; DJI; Israel Aerospace Industries; Northrop Grumman Corporation; and Textron Systems
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Middle East and Africa Small UAV Market Segment Insights
Rotary-wing segment is projected to expand at a considerable CAGR
On the basis of types, the market is segregated into fixed-wing and rotary-wing. The rotary-Wing segment is projected to expand at a considerable CAGR during the forecast period due to continues demand for rotary- wing UAVs. However, the fixed-wing segment is estimated to grow at a rapid pace due to increasing spending on military applications.
Civil & commercial segment anticipated to account for a significant market share.
Based on applications, the market is divided into military & law enforcement and civil & commercial. The civil & commercial segment is estimated to account for a significant market share during the forecast period owing to the development of new drone applications. Moreover, aside from military use, governments are altering their drone legislation to take use of drones in the business sector.
Israel is anticipated to constitute a key market share
In terms of regions, the Middle East and Africa small UAV market is categorized as Saudi Arabia, Israel, United Arab Emirates, and Rest of Middle East & Africa. Israel is expected to constitute a key share of the market during the projected period due to territorial disputes in the Middle East, as well as terror acts, which have compelled several governments in the region to improve their aerial capabilities. Moreover, drone use has increased dramatically in the country owing to the use in surveillance missions.
Segments
Segments Covered in the Report
The Middle East and Africa small UAV market has been segmented on the basis of
Types
Applications
- Military & Law Enforcement
- Civil & Commercial
Geography
- Saudi Arabia
- Israel
- The UAE
- Rest of Middle East & Africa
Key Players
- Elbit Systems
- DJI
- Israel Aerospace Industries
- Northrop Grumman Corporation
- Textron Systems
Competitive Landscape
Key players competing in the Middle East and Africa small UAV market are Elbit Systems; DJI; Israel Aerospace Industries; Northrop Grumman Corporation; and Textron Systems. New players have entered the market as small drones' business applications have grown. New UAV models are being introduced by manufacturers to support commercial and military applications. Furthermore, drone manufacturing businesses are cooperating with service providers to expand drone-based services in this region.
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