GCC Drone Market Growth, Size, Trends, Share, Revenue, Demand, Challenges and Future Outlook
GCC Drone Market Size- By Types, By Components, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: IACT23193 | Pages: 1 - 151 | Formats*: |
| Category : Information & Communications Technology | |||
GCC Drone Market Introduction and Overview
According to SPER Market Research, the GCC Drone Market is estimated to reach USD 4.98 billion by 2033 with a CAGR of 14.26%.
The report includes an in-depth analysis of the GCC Drone Market, including market size and trends, product mix, distribution channels, and supplier analysis. An unmanned aerial vehicle (UAV), also known as a drone, is an aircraft without a human pilot that is either remotely piloted by someone on the ground or flown remotely thanks to computer programming. With applications ranging from cutting-edge military to recreational, these flying machines have grown more and more adaptable. Drones that have cameras installed for surveillance and aerial photography are common. These machines are incredibly agile and maneuverable, with the ability to navigate challenging environments and hover in one place. Some drones emphasize long flight times, while others prioritize portability and compactness, depending on their design and intended use.
- Saudi Arabia carried out a first-of-its-kind campaign in the Northern Border Region in October 2021 by using drones to disperse seasonal wild seeds. Part of the reserve's afforestation campaign for the 2021–2022 season is the drive to use drones to spread seeds over an area of two million square meters.
- Drones were used by the Dubai-based gasoline delivery company CAFU in March 2021 to plant thousands of tree seeds in the UAE desert using a planting mechanism that was created by the engineers at CAFU and was a first for the area.
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Market Opportunities and Challenges
Opportunities: One of the main factors propelling the drone market's expansion is the GCC region's growing need for cutting-edge technological solutions. Additionally, the increasing use of drones in a variety of industries, including real estate, agriculture, and defense, is highlighting their importance and driving the market's expansion. Furthermore, an increase in research and development (R&D) endeavors, in conjunction with deliberate partnerships between government organizations and digital enterprises, is augmenting the technological proficiencies of drones, consequently bolstering market expansion. Furthermore, market expansion is being promoted by the development of regulatory frameworks that are in line with safety and quality standards, guaranteeing responsible and effective drone operations. This is one of the main factors promoting growth.
Challenges: constrained flight range and battery life: In spite of developments, drones' restricted flight time and battery life present problems in some situations, impeding their general acceptance.
- Regulatory obstacles: Despite the introduction of helpful regulations by governments, issues with privacy, airspace limitations, and regulatory compliance still need to be resolved.
- Protection and safety issues: Making sure that drones are operated safely and securely is a major task, particularly in populated areas or sensitive areas.
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Market Competitive Landscape
Yuneec Holding Ltd, FalconViz, Parrot Drones SAS, SZ DJI Technology Co. Ltd, and Primoco UAV SE are a few of the well-known companies in the GCC drone market. Recent years have seen the emergence of new players as a result of the expanding commercial uses of drones. New drone models are being introduced by manufacturers to accommodate a range of end-user applications.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Types, By Components, By End User |
| Regions covered | Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman |
| Companies Covered | Autel Robotics, FalconViz, Guangdong Syma Model Aircraft Indl Co. Ltd, Merlin Digital, Parrot Drones SAS, Primoco UAV SE, SZ DJI Technology Co. Ltd, Terra Drone Corporation, Yuneec Holding Ltd |
COVID-19 Impact on GCC Drone Market
The GCC Drones Market has experienced conflicting effects from the Covid-19 pandemic. Some industries saw a sharp increase in the use of drone services, while others, like tourism and events, saw a decrease in demand. During the pandemic, drones were widely utilized for delivery services, public monitoring, and disinfection. The incident also brought to light the potential of drones to facilitate contactless operations and guarantee business continuity in the event of similar incidents in the future.
Key Target Audience
- Government Agencies
- Defence and Military
- Commercial Enterprises
- Technology and Drone Manufacturers
- Research and Development Institutions
- Investors and Venture Capitalists
- Drone Enthusiasts and Hobbyists
Our in-depth analysis of the GCC Drone Market includes the following segments:
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| By Region: |
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Key Topics Covered in the Report
- GCC Drone Market Size (FY’2023-FY’2033)
- Overview of GCC Drone Market
- Segmentation of GCC Drone Market By Types (Fixed Wing, Rotary Wing, Hybrid)
- Segmentation of GCC Drone Market By Components (Hardware, Software, Accessories)
- Segmentation of GCC Drone Market By End User (Construction, Agriculture, Military and Defence, Law Enforcement, Logistics, Media and Entertainment, Others)
- Statistical Snap of GCC Drone Market
- Expansion Analysis of GCC Drone Market
- Problems and Obstacles in GCC Drone Market
- Competitive Landscape in the GCC Drone Market
- Impact of COVID-19 and Demonetization on GCC Drone Market
- Details on Current Investment in GCC Drone Market
- Competitive Analysis of GCC Drone Market
- Prominent Players in the GCC Drone Market
- SWOT Analysis of GCC Drone Market
- GCC Drone Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the GCC Drone Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. GCC Drone Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Drone Market
7. GCC Drone Market, By Types (USD Million)
7.1. GCC Drone Market Value Share and Forecast, By Types, 2023-2033
7.2. Fixed Wing7.3. Rotary Wing7.4. Hybrid
8. GCC Drone Market, By Components (USD Million)
8.1. GCC Drone Market Value Share and Forecast, By Components, 2023-20338.2. Hardware8.3. Software8.4. Accessories
9. GCC Drone Market, By End User (USD Million)
9.1. GCC Drone Market Value Share and Forecast, By End User, 2023-20339.2. Construction9.3. Agriculture9.4. Military and Defence9.5. Law Enforcement9.6. Logistics9.7. Media and Entertainment9.8. Others
10. GCC Drone Market Forecast, 2019-2033 (USD Million)
10.1. GCC Drone Market Size and Market Share
11. GCC Drone Market, By Types, 2019-2033 (USD Million)
11.1. GCC Drone Market Size and Market Share By Types (2019-2026)11.2. GCC Drone Market Size and Market Share By Types (2027-2033)
12. GCC Drone Market, By Components, 2019-2033 (USD Million)
12.1. GCC Drone Market Size and Market Share By Components (2019-2026)12.2. GCC Drone Market Size and Market Share By Components (2027-2033)
13. GCC Drone Market, By End Use, 2019-2033 (USD Million)
13.1. GCC Drone Market Size and Market Share By End Use (2019-2026)13.2. GCC Drone Market Size and Market Share By End Use (2027-2033)
14. GCC Drone Market, By Region, 2019-2033 (USD Million)
14.1. GCC Drone Market Size and Market Share By Region (2019-2026)14.2. GCC Drone Market Size and Market Share By Region (2027-2033)14.3. Saudi Arabia14.4. UAE14.5. Qatar14.6. Bahrain14.7. Kuwait14.8. Oman
15. Company Profile
15.1. Autel Robotics
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. FalconViz
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Guangdong Syma Model Aircraft Indl Co. Ltd
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Merlin Digital
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Parrot Drones SAS
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Primoco UAV SE
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. SZ DJI Technology Co. Ltd
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Terra Drone Corporation
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Yuneec Holding Ltd
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
GCC Drone Market is projected to reach USD 4.98 billion by 2033, growing at a CAGR of 14.26% during the forecast period.
GCC Drone Market CAGR of 14.26% during the forecast period.
GCC Drone Market size is USD 4.98 billion from 2023 to 2033.
GCC Drone Market grew in market size from 2022. The Market is expected to reach USD 4.98 billion by 2033, at a CAGR of 14.26% during the forecast period.
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GCC Drone Market Segment is covered By Types, By Components, By End User.
The Middle East is anticipated to have the highest market share in the GCC Drone Market.
The key players in the market include Companies Covered Autel Robotics, FalconViz, Guangdong Syma Model Aircraft Indl Co. Ltd, Merlin Digital, Parrot Drones SAS, Primoco UAV SE, SZ DJI Technology Co. Ltd, Terra Drone Corporation, Yuneec Holding Ltd.
An unmanned aerial vehicle (UAV), also known as a drone, is an aircraft without a human pilot that is either remotely piloted by someone on the ground or flown remotely thanks to computer programming.
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