Saudi Arabia Commercial Drone Industry 2020, Deep Market Research Report, Analysis, Forecast and Outlook

Infinium Global Research’s recent report on the “Saudi Arabia Commercial Drone Market (By Drone Type (Fixed Wing, Rotary blade, Hybrid), By Application (Aerial Photography, Energy & Industrial, Entertainment & Media, Forest Fire Monitoring, High Altitude Imaging, Natural Hazards Monitoring, Precision Agriculture, Retail Delivery, Surveillance & Inspection, Other Applications): Saudi Arabia Industry Analysis, Trends, Size, Share and Forecasts up to 2026” provides a comprehensive outline of the factors responsible for the growth of the market. According to the report, the Saudi Arabian market for Commercial Drone was worth USD 13.5 Million in 2020 and is expected to grow with a CAGR of 32% over 2020-2026.

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The CAGR of Saudi Arabia Commercial Drone Market is projected to be growing with 32.06%. The Saudi Arabia Commercial Drone Market was USD 10.43 million in 2019.An aircraft without a human on-board is called as Drone. These drones are also called as Unmanned Aerial Vehicles. Some versions of drone can fly autonomously while most of them controlled by a pilot remotely. The core elements of a drone such as microcontroller, motor sensors are similar although they may differ in size and shape. Drones are widely used for both commercial and military purposes. Drones are safer and inexpensive alternative to manned aircrafts. Recently, Saudi Arabia’s civil aviation authority, GACA, has announced permits for flights of drones for both personal and commercial use. The factors driving the market in the region are increasing demand for unmanned aerial vehicles in the region.

The integration of these UAV or drones with artificial intelligence increases their preciseness and aids in handling. These drones are used for various purposes such as photography, precision agriculture, monitoring industrial systems, for mapping and others. Other factor driving the market is the new emerging drone technologies. These technologies are result continuous R&D activities of major players. This is bringing down the cost of drones making them affordable.

These drones are also seeing their use applications in new fields such as construction and deliveries. Growth of E-commerce platforms in the country has also increased the demand for drones. The launch of new innovative products is expected to open new opportunities in the market. New product innovations such as voice controlled and foldable drones are expected to open new opportunities in the region.

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The growth of the commercial drone market in Saudi Arabia has been positively impacted by the COVID-19 pandemic. In the wake of the contagion most of the population in Saudi Arabia is quarantined at home. Unmanned aerial vehicles (UAV) or drones are already playing an important role in managing the situation with the Covid-19 pandemic spread. Innovative opportunities to the commercial drone market are expected to arise due to current the situation. There has been rise in online shopping business as millions of people across the country are forced to spend more time at home due to Covid-19 outbreak.

An increase in user engagement was witnessed by the e-commerce industry in Saudi Arabia due to COVID-19 lockdown. The demand for drones and unmanned aerial vehicles has been augmented due to growing demand for shorter delivery times, rise in online shopping, and fierce competition among online retailing companies and quickly changing consumer demands.

Rotary Blade is Projected to Dominate the Drone Type Segment of Market.

The Rotary blade sub segment is expected to dominate the Drone Type segment of the market. Rotary Blade type drones are very useful in aerial photography, precision agriculture, mapping and surveying applications. Rotary blade has the capability to hover at one spot for a longer period of time then other drone types. This aids in obtaining precise and detailed results. Also, these drones are easier to control then other drone types. These drones also play crucial role in monitoring the industrial systems used in Oil and Gas industry. Thus, reducing the danger for human life. Additionally these drones are cheaper than fixed wing and hybrid drone types.

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Companies Operating in Saudi Arabia Commercial Drone Market are Entering into Strategic Partnerships and Adding Launching New Products.

The Saudi Arabia Commercial Drone Marketis fragmented in nature. The presence of global players such as SZ DJI Technology Co., Ltd., and Yuneec International Co., Ltd., Lockheed Martin Corporation, TextronSystems, and Boeing Saudi Arabia Limited makes the market fragmented. To overcome the competition in the market. The Companiesare adopting various strategies such as entering into partnerships, launching new products and licensing of technology. The drones strikes in summer 2019 over Saudi Arabia’s Aramco’s oil facilities has forced Saudi Arabia to develop and deploy drones and counter drone technologies. Saudi Arabia government is actively looking into purchasing drones after the attacks. Infinium Global Research’s recent report on the Global Saudi Arabia Commercial Drone Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments the global market.