UAE & Saudi Arabia Utility Drone Market: Current Analysis and Forecast (2023-2030)

Report Description

The UAE & Saudi Arabia utility drone market was valued at USD XX Million in 2022 and is expected to grow at a strong CAGR of around 22.5% during the forecast period (2023-2030). The UAE and Saudi Arabia, the rapid technological advancements and developments in solar power technology have made photovoltaic (PV) technology a possible alternative for powering drones and other unmanned aircraft. Also, there has been continuous growth in investments in renewable energy sources leading to the explosion of solar power across the Middle East. The governments of both nations had committed to ambitious renewable energy targets as part of their broader diversification strategies away from fossil fuels. For instance, Al Masaood Energy, in March 2022, in partnership with ADNOC Onshore and vendors Terra Drone and NDT Corrosion Control Services (NDTCCS), announced the launch of a new drone center project in the Bab, Bu Hasa, and TPO concession area. The project, set to begin in 2023, aims to enhance safety and efficiency in the oil and gas industry through the use of cutting-edge drone technology.

Some of the major players operating in Strata Manufacturing PJSC, EDGE PJSC Group, Atlas Group, QUANTUM-SYSTEMS GMBH, FEDS, SAMI Advanced Electronics, FalconViz, DRONE SOLUTIONS, Zain Drones, Skyspecs. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report

“Amongst type, the multirotor segment held a significant share of the market in 2022.”

Based on drone type, the utility drone’s market is segmented into multirotor and fixed wing. Among these, the multirotor segment held a significant share of the market in 2022. Multirotor drones have various advantaged over fixed rotor drones like performing vertical takeoffs and landings. They don’t need much space to take flight, can maneuver around objects and can hover mid-flight, which allows for easy inspection, modeling, and mapping. In the UAE, for instance, Dubai’s Sustainable City had employed multirotor drones to inspect its extensive solar panel network. With over 1,500 villas powered by solar energy, these drones significantly expedited the inspection process, ensuring maximum energy production.

“Amongst service, point solution is expected to grow with a significant CAGR during the forecast period (2023-2030).”

Based on solutions, the market is segmented into the end-to-end solution and point. The point solution is expected to grow with a significant CAGR during the forecast period (2023-2030). This is mainly due to providing targeted and high-impact contributions to the industry’s efficiency and effectiveness. Moreover, point solutions designed for solar panel and wind turbine inspections are equipped with advanced imaging technology and AI capabilities, enabling precise and thorough inspections.

UAE & Saudi Arabia utility drone Market Report Coverage

“UAE dominated the market.”

In the UAE, the increased dependance on utility drones has not only streamlined maintenance and monitoring processes but has also facilitated the growth and sustainability of the renewable energy industry in the UAE. As the renewable energy sector continues to expand, it further drives the demand for cutting-edge drone technology, creating a mutually beneficial cycle of growth and innovation in both industries. As per the, U.S. Energy Information Administration, in 2021 in the UAE, the total production of primary energy was 10.086 Btu, while consumption was at the level of 4.645 Btu. Thus, the share of domestic consumption in primary energy production is 46%, meaning that the UAE is largely energy independent.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive country level analysis of the industry.

Customization Options:

The UAE & Saudi Arabia utility drone market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the UAE & Saudi Arabia Renewable Drone Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the UAE & Saudi Arabia utility drone market were the three major steps undertaken to create and analyze the adoption of UAE & Saudi Arabia utility drone in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the UAE & Saudi Arabia utility drone market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the UAE & Saudi Arabia utility drone market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the UAE & Saudi Arabia utility drone market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major countrys. Major segments are included in the report as type, service, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that country.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the UAE & Saudi Arabia utility drone market. Further, we conducted factor analysis using dependent and independent variables such as type, service, and end-user of the UAE & Saudi Arabia utility drone market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the UAE & Saudi Arabia utility drone market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the UAE & Saudi Arabia utility drone market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the UAE & Saudi Arabia utility drone market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the UAE & Saudi Arabia utility drone market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Countryal Head, Country Head, etc.) across major countrys. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Key Stakeholders of Utility drone Market in the MENA Country

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the UAE & Saudi Arabia utility drone market. The data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the type, service, and end-user of the UAE & Saudi Arabia utility drone market.

The main objective of the UAE & Saudi Arabia utility drone Market Study

The current & future market trends of the UAE & Saudi Arabia utility drone market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a country and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the UAE & Saudi Arabia utility drone market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the type, service, and end-user
• Define and analysis of the regulatory framework for the UAE & Saudi Arabia utility drone industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the UAE & Saudi Arabia utility drone market for the major country
• Major countries of countries studied in the report include Saudi Arabia, UAE, Egypt, Iran, and the Rest of MENA
• Company profiles of the UAE & Saudi Arabia utility drone market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive country level analysis of the industry

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