With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
A drone is an unmanned aircraft that can fly autonomously through software-controlled flight plans, integrated into their system, working in combination with onboard GPS and sensors.
The “Middle East & Africa Drone Market” is likely to grow at a CAGR of around 35.12% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth primarily attributes to the wide-range applications of drones, including defense, agriculture, energy, etc. Additionally, various innovations by market participants, such as drone manufacturers & software solution providers, are constantly engaged in designing & testing provides lucrative opportunities to drive the market.
The research report “Middle East & Africa Drone Market Analysis, 2021” further states that the introduction of advanced technologies and their integration in drones enhances their capabilities and enables them to perform various activities such as navigation, takeoff, data transmission, data capture, and data analysis without human intrusion, thereby propelling the overall market growth.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Middle East & Africa Drone Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast (2021-2026)
COVID-19 Outbreak Significantly Impacted the Middle East & Africa Drone Market
The outbreak of the COVID-19 pandemic has resulted in severe healthcare crises across the Middle East & Africa region, leading to a worldwide contraction of various markets as most economies witnessed a surge in unemployment, disruptions in supply chains, and reduction in demand for goods.
Before the crisis, the most crucial application of drones was in militaries for several missions like border security. There have been halts while manufacturing drones post the pandemic due to a shortage of labor & raw materials. However, the market made slight profits during the pandemic due to the medical applications of drones, such as the delivery of medicine & food to different locations.
Construction Dominated the Middle East & Africa Drone Market with Largest Share
Based on the End-User, the market bifurcates into Defense Establishments, Construction, Agriculture, Law Enforcement, and Energy. Among these segments, the Construction sector acquired the largest share of the Middle East & Africa Drone Market in the previous few years. It owes primarily to the ability of drones to survey lands accurately, prevent dangerous incidents on the construction sites, and provide continuous & precise project notifications. Further, rapid infrastructural advancements in construction monitoring technologies also create the demand for drones across the segment, thereby contributing to the overall market growth, cites MarkNtel Advisors in their research report, “Middle East & Africa Drone Market Analysis, 2021.”
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115349
The Final Report will cover the impact analysis of COVID-19 on this industry: Middle East & Africa Drone Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast (2021-2026)
Rotary Wings Attained Largest Share of the Middle East & Africa Drone Market
Based on Type, the Middle East & Africa Drone Market classifies into Fixed Wings and Rotary Wings. Among both, Rotary Wings held the largest market share in the past few years as they are easy to operate and can hover in places, allowing them to fulfill several roles.
Rotary wings help in examination & surveillance, which makes them essential for both military & civilian usages. Additionally, they are also beneficial for inspection activities due to their ability to maintain a visual on target for a long time. Moreover, they are easier to control as compared to fixed-wing drones.
Turkey to Capture Significant Market Share During the Forecast Period
Turkey is likely to acquire a significant share of the Middle East & Africa Drone Market during the forecast period. It owes to private enterprises making armed drones, coupled with the surge in the development of lethally armed drones, ranging from large, high-flying, bomb-laden ones to small, low-flying drones. Hence, Turkey’s defense & security goals shall provide lucrative growth opportunities to the drone market.
Rising Demand for Drones in Military Sector to Boost the Market Growth
The demand for drones is significantly high in the military sector, specifically for intelligence, surveillance, & reconnaissance (ISR), and target acquisition. They help in information collection and provides real-time access to it, which further helps improve situational awareness on the battleground and offers more reliable intelligence about the target. Hence, these aspects shall augment the market growth over the forecast period.
National Security and Privacy Issues to Hamper the Market Growth
The National security regulations and other privacy issues might impact the drone market growth in the coming years. Filming & photography via drones affect the privacy of people. In addition to this, the use of drones is significantly increasing to carry out multiple terror attacks and can be hazardous when misused. Moreover, they are cost-effective devices with simple operations, making them a weapon of choice for terrorist attacks. Hence, these challenges can hinder market growth in the coming future.
Competitive Landscape
According to MarkNtel Advisors, the leading industry players in the Middle East & Africa Drone market are 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., and Parrot SA.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Middle East & Africa Drone Market?
2. What are the country-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Middle East & Africa Drone Market?
Introduction
Product Definition
Research Process
Assumptions
Market Segmentation
Preface
Executive Summary
Impact of COVID-19 on Middle East & Africa (MEA) Drones Market
Middle East & Africa (MEA) Drones Market Trends & Insights
Middle East & Africa (MEA) Drones Market Dynamics
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