Reliable Data You Can Trust
Reliable Data You Can Trust
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 MENA as well as regional delivery drones market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA 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 MENA delivery drones market. The delivery drones market was valued at more than USD 14 million in 2022 and is expected to reach nearly USD 150 million in 2030, with a CAGR of over 34% during the forecast period 2023-2030.
The demand for drones has sustained to rise even during the COVID-19 pandemic. There are more than 70 thousand active major construction projects in the MENA countries, such as the United Arab Emirates, Saudi Arabia, Turkey, Israel, and Egypt. Drones are increasingly in demand in the construction industry for use in 2D and 3D modeling and mapping, land surveying, progress monitoring, waste reduction, and project site surveillance, which is boosting market expansion in the MENA region. The drone business is expanding in MENA countries like Israel and South Africa due to technological developments like hybrid propulsion in VTOL drones that extends loitering duration, Augmented Reality (AR) technology for 2D and 3D Mapping, and Artificial Intelligence (AI) for crowd control.
The MENA provides enormous potential for the expansion of the drone sector given the region's increasing emphasis on travel and tourism as well as the presence of a sizable oil and gas industrial base. The construction, energy, and entertainment industries are anticipated to see an increase in the use of drones in the coming years due to the rising demand. Drones are being employed as a crucial tool for on-site communication and management in the construction sector. From land surveillance at the beginning of the construction activity to visual inspection of the high-risk regions at the site throughout the construction. Drones are also utilized to help site managers make critical decisions and get a broad perspective of potential problems in order to streamline operations. Additionally, it is anticipated that increased smartphone availability in rural Bakalas will drive the grocery industry. Retailers will use online B2B grocery portals due to the growing availability of both branded and local products. However, the volatile character of regional relations and recent drone attacks on oil production facilities are anticipated to restrain regional market expansion. Nevertheless, over the past few years, the deployment of drones has grown rapidly in the region. Civilian end-users now have more freedom to utilize drones in the MENA countries due to the region's countries reducing their restrictions on their use, which is anticipated to improve market prospects throughout the projection period.
Among countries, the primary research and development (R&D) facilities of top IT companies that are venturing into the commercial drone industry including Microsoft and Google are located in Saudi Arabia. Additionally, the drone entrepreneurs in Saudi Arabia that are creating technologies for the construction, pharmaceutical delivery, agricultural management, security and surveillance, and other industries benefit greatly from the country's supporting climate. The Saudi Arabia Defence Forces decision to switch from Chinese DJI drones to domestic drones is also anticipated to have a positive impact on the market during the projection period. Startups like Flytrex offer software for managing pick-and-drop delivery operations, producing topographical and weather data, and managing information like other in-flight drones on a cloud architecture. Recently, it worked with the Ukrainian Postal Service and a pharmaceutical delivery business to test its system in difficult-to-reach areas of Africa.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | More than USD 14 Million |
| Market Size by 2030 | Nearly USD 150 Million |
| Growth Rate from 2023 to 2030 | CAGR of Over 34% |
| Largest Market | Saudi Arabia |
| No. of Pages | 80 |
| Market Drivers |
|
| Market Segmentation | By Type, By Capacity, and By End User |
| Regional Scope | Saudi Arabia, UAE, Qatar, Kuwait, Egypt, Sudan, and Rest of MENA |
The report on MENA 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 Airobotics, UVL ROBOTICS, c-drones.com, Flytrex Inc., Zipline, Sky Network Television Limited, Skycart, Company 8, Company 9, and Company 10.
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.