Market Size of GCC Drones Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 14.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
GCC Drone Market Analysis
The GCC Drones Market was valued at USD 0.88 billion in 2021, and it is projected to witness a CAGR of over 14% during the forecast period (2022 - 2027).
With the growing focus on travel and tourism and the presence of a huge oil and gas industrial base, GCC offers huge potential for the growth of the drone industry. With the growing demand, the construction, energy, and entertainment sectors are expected to witness increased adoption of drones in the years to come. However, the COVID-19 pandemic affected the travel and tourism sector in the region in 2020 and for some months in 2021, slightly restraining the market growth.
Nevertheless, the adoption of drones has increased at a fast pace in the region over the past few years. With the countries in the region relaxing the regulations for the use of drones, civilian end-users now have greater freedom with the usage of drones in the GCC countries, which is expected to bolster the market prospects during the forecast period.
However, the volatile nature of the relations between the countries in the region and the recent drone attacks on the oil production facilities are expected to hamper the market growth in the region.
