A recent report ongoing study by Infinium Global Research on the delivery drones market provides an in-depth analysis of segments and sub-segments in the GCC as well as regional delivery drones market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional delivery drones market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the GCC delivery drones market. The delivery drones market was valued at nearly USD 10 million in 2022 and is expected to reach about USD 100 million in 2030, with a CAGR of over 33% during the forecast period of 2023-2030.
In the GCC countries, delivery drones are designed to transport packages to the doorsteps of consumers without any direct interaction with humans. There are several various types of drones that are used to transport products, including rotary and fixed-wing models. Delivery drones are now being employed more frequently for a range of tasks across many different industrial sectors. To bring new drones to market, Research, and Development efforts are increasing as drone technology continues to advance. As the present technology advances, market participants are securing their positions. Civilian end user now have more freedom to utilize drones in the GCC countries due to the region's countries reducing their restrictions on their use, which is anticipated to improve market prospects throughout the projection period.
A wide variety of industries are utilizing delivery drones to distribute packages. As a result, the market for delivery drones is expanding primarily due to the increase in drone applications. In addition, customers' expectations of faster and safer product delivery are rising. During the projection period, the market will also rise because of the high demand for same-day deliveries and the development of heavy-load drone delivery technologies. Moreover, the application of drones for supplying life-saving drugs and reports is prompting market growth. A significant barrier to the growth of the GCC delivery drone business is the lack of highly skilled and qualified drone pilots who can control drones remotely. Furthermore, the development of the GCC delivery drone market is constrained by the absence of appropriate regulatory frameworks in several nations. Nevertheless, a lot of nations depend heavily on the importation of drones to meet their needs. Therefore, it is expected that the top market participants will have growth prospects to increase their operations in developing nations. It is predicted that the global market for delivery drones would experience expansion due to the introduction of new technology, components, and applications across several industrial verticals.
Among countries, Saudi Arabia and UAE dominated the GCC delivery drone market. In terms of CAGR during the forecast period, UAE is anticipated to be the market with the quickest growth. Devising favorable regulations for drones, commercial drone operations, technological research, and increasing applications across many other sectors are the major factors that drive the growth of the Saudi Arabia delivery drone market. Due to legal improvements that support drone use there as well as a growth in their use in the e-commerce and medical industries, the GCC delivery drone industry is growing in those nations. The market for delivery drones is expanding in the UAE region due to the increasing use of drones for the delivery of necessities like food and medications.
|Market Size in 2022||Nearly USD 10 Million|
|Market Size by 2030||About USD 100 Million|
|Growth Rate from 2023 to 2030||CAGR of Over 33%|
|No. of Pages||80|
|Market Segmentation||By Type, By Capacity, and By End User|
|Regional Scope||Saudi Arabia, UAE, Kuwait, and Rest of GCC|
The report on GCC delivery drones market covers segments such as type, capacity, and end user. On the basis of type, the sub-markets include fixed wing, and rotary wing. On the basis of capacity, the sub-markets include less than 10kg, and greater than 10kg. On the basis of end user, the sub-markets include restaurant & food supply, e-commerce, healthcare, retail logistics & transportation, and others.
The report provides profiles of the companies in the market such as Flytrex Inc., Airspace Link, SKYCART INC., Autel Robotics, Draganfly (Acquired Dronelogics Systems), Teal Drones, Drone Delivery Canada, Amazon.com, Inc., FlytBase, and Wingcopter.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the delivery drones market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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