Market Trends of GCC Drones Industry
This section covers the major market trends shaping the GCC Drones Market according to our research experts:
Adoption of Drones is Expected to Increase in the Construction Sector During the Forecast Period
From land surveillance at the prelude of the construction activity to visual inspection of the high-risk areas at the site during the construction, drones are being used as an important tool for on-site communication and management in the construction industry. Drones are also used to obtain an overview of potential issues and facilitate site managers in key decision-making aspects to streamline operations. As the countries in the GCC look to transform economically and socially, they have planned almost USD 1 trillion worth of investments in megaprojects. As many as 30 real estate megaprojects are underway in the six GCC countries, and these are expected to become operational in this decade. In this regard, an increasing number of construction firms and real estate developers in the GCC are adopting drone technology in their operations. Also, as the COVID-19 pandemic halted the construction activity in 2020, players in the GCC construction industry have adopted drones to cut down site time wastage and conduct activities at a more accurate and faster pace than manual labor. Also, the fact that drones help in reducing manual inspection and human contact at the construction sites, thereby safeguarding the health and safety of the workforce, is also boosting their adoption. According to Falcon Eye Drones (FEDS), one of the region's leading providers of drone technology, an increasing number of construction firms and real estate developers in the GCC are adopting drones in the construction activities as they get their operations back on track following the impact of COVID-19. Such factors are expected to drive the market during the forecast period.
UAE is Expected to Dominate the Market During the Forecast Period
The market is expected to be dominated by the UAE due to the favorable government regulations and the rising adoption of drones in several applications. The United Arab Emirates has been witnessing an increase in drone sales in the last decade due to their increased applications in many commercial sectors, mainly in its oil and gas industry. The United Arab Emirates plans to become the market leader in using AI and applications for unmanned systems. There is growing adoption of drones for various purposes in the country, driven by government encouragement.
The country is taking initiatives to bolster the adoption of drone delivery services. In 2020, the UAE issued a new law regulating the operations of drones, which will pave the way for granting instant government permits and NOCs to public and private entities to use drones for services like flying taxis and drone delivery services. The law helps players to take a step closer to connecting the city's landmarks and buildings aerially through the 'Sky Dome' project.
The UAE's Ministry of Climate Change and Environment (MoCCAE) is leveraging drones to map 1,100 km2 of agricultural land aerially. The initiative, once completed, will place the country among the top five countries in the world in terms of the area surveyed using drones. The country will also become the first to use this technology to map these many statistical data categories. In September 2021, the UAE used drones that fly toward the clouds and discharge electrical charges to produce rain. The cloud seeding technique is used to help increase low annual rainfall in the country. These cloud seeding efforts are part of an ongoing USD 15 million project by the United Arab Emirates to generate rainfall. Such initiatives will drive the market growth in the country during the forecast period.
