General Atomics Continues to Lead $ 89 Million UAE Drone Market
Increasing demand for drones
in commercial as well as military applications coupled with constantly
improving laws regarding the use of drones to boost UAE drone market through
2023
According to TechSci Research report, “UAE Drone Market By Type, By Segment, By Application, By Payload, Competition Forecast
& Opportunities, 2013–2023”, drone
market in the UAE is estimated to have crossed $ 89 million in 2017, owing to increasing
use of drones across commercial and military applications. Moreover, amendments
in the policy & regulatory framework regarding the use of drones in various
commercial and military applications is further expected to propel demand for
drones during the forecast period. As per a consumer survey conducted by
TechSci Research in January, 2018, DJI (SZ Dajiang Innovations Technology Co.,
Ltd.) grabbed the highest satisfaction level among customers in product pricing,
maintenance cost and flying time of drones in the UAE. However, General Atomics
led the UAE drone market in 2017, and the company is expected to continue its
dominance during the forecast period as well.
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Drone Market"
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On the basis of type, UAE drone market is segmented into MALE, TUAV,
HALE, VTOL, Fixed Wings & others. With more than one-third of the market
share in 2017, the Medium-Altitude Long-Endurance (MALE) segment dominated the UAE
drone market, followed by Tactical UAV, HALE, VTOL and fixed wing drones. Among
regions, Dubai is the largest drone market in the UAE on account of huge number
of commercial activities that are being undertaken, and ease in regulatory
framework. Dubai is followed by Abu Dhabi, Sharjah, Ras al-Khaimah and other
regions. Drones are being extensively used in mapping, surveying photography,
and their usage in these applications are likely to increase further in the
coming years. On the basis of payload, drones of the category 150-600 kg are
leading the market in UAE. However, in the coming years, demand for drones of
less than 25 kg are anticipated to witness fastest growth.
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“With increasing use of drones/UAVs in commercial and
military applications and improvisation of policy and regulatory framework, the
UAE drone market is expected to grow at a fast pace in the coming years. Furthermore,
technological advancements in drones are likely to positively influence the drone
market during the forecast period.
Nevertheless, military applications would continue to account for the
lion’s share in the country’s drone market in the coming years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“UAE Drone Market By Type, By Segment, By Application, By Payload, Competition Forecast
& Opportunities, 2013–2023” has analyzed the potential of drone market across the country,
and provides statistics and information on market sizes, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the UAE drone market.
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