Market Size of Middle-East And Africa Small UAV Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Small UAV Market Analysis
The Middle East and African small UAV market is anticipated to register a CAGR of above 5% during the forecast period.
- The onset of COVID-19 in 2020 led to a significant impact on the manufacturing of small UAVs owing to companies not being able to receive the required parts and components. Moreover, various governments around the world imposing lockdowns and other barriers led to disruptions in the free flow of goods and the supply chain. As the pandemic restrictions started to loosen, there has been an increase in the manufacturing of various small UAVs owing to manufacturers being able to receive the required parts and components.
- The commercial usage of small UAVs is gaining steady momentum, as multiple industries are working with drones as part of their daily/regular business functions. This is one of the major driving factors of the small UAV market in the Middle East and Africa.
- The relatively lower procurement and operational cost of small electric-powered unmanned aerial vehicles, 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 streamlined usage of drones in several countries is expected to open new market opportunities for drone usage in various applications.
