Saudi Arabia Commercial Drones Market - Infiniumglobalresearch.com

Saudi Arabia Commercial Drones Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2025

Report Code: SA00396 Country : Saudi Arabia Published: May, 2021

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The country research report on Saudi Arabia's commercial drones market is a customer intelligence and competitive study of the Saudi Arabia market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Saudi Arabia market. Also, factors that are driving and restraining the commercial drones market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the commercial drones market in Saudi Arabia.

Market Insight

Drones are also known as unmanned aerial vehicles (UAVs). A drone can be categorized as an aircraft without a human on-board. These. Drones are normally controlled remotely by a pilot, nevertheless, some versions exist that can fly autonomously. These drones could vary in size and shape, but the core elements which are motor sensors, microcontroller, and battery are basically the same. Created as an inexpensive and safer alternative to manned aircraft, drones are utilized extensively for both commercial and military purposes. Furthermore, with the development of the emerging commercial drones market, new applications of drones have emerged. In recent times, GACA, Saudi Arabia’s civil aviation authority, announced drone permits for both personal and commercial flights of drones. Owing to the growth of the e-commerce market in the country, new collaborations are taking place to reduce the time needed between online purchases and package delivery. The Saudi Arabian market for Commercial Drone was worth USD 13.5 Million in 2020 and is expected to grow up to USD 72 Million with a CAGR of 32% over 2020-2026.

The COVID-19 epidemic has positively impacted the growth of the warehouse robotics market in Saudi Arabia. The majority of the Saudi population is quarantined at home in the wake of the contagion.With the spread of the Covid-19 epidemic, drones or unmanned aerial vehicles (UAV) are already playing an essential role in managing the situation. Further, the situation is likely to bring innovative opportunities to the commercial drone market. With the COVID-19 lockdown, the e-commerce industry in Saudi Arabia has witnessed an increase in user engagement. As the COVID-19 outbreak has forced millions of people across the country to spend more time at home, the online shopping business has sprung into action to cater to the rising demand.Quickly changing consumer demands, growing demand for shorter delivery times, rise in online shopping, and fierce competition among online retailing companies have augmented the demand for drones and unmanned aerial vehicles.

The commercial usage of drones is gaining steady momentum, as multiple industries are working with drones as part of their daily or regular business functions. This is one of the major driving factors of the commercial drone market in Saudi Arabia. Furthermore, the relatively lower procurement and operational cost of commercial drones, when compared to that of manned aircraft (for tactical or commercial applications), is another factor propelling the growth of the market. The formulation of a regulatory framework that allows the streamlined usage of drones in Saudi Arabia is expected to open new market opportunities for drone usage in numerous applications. Companies are developing specialized solutions for small and medium-sized businesses to meet their particular business requirements. However, stringent government regulations regarding national security and satellite imagery as a substitute option are anticipated to hamper the commercial drone market growth in Saudi Arabia.