Emphasis on Drone Type (Multirotor and Fixed Wing); Solutions (End-to-End Solution and Point Solution); and End-User (Solar, and Wind); Country
The UAE & Saudi Arabia renewable drone market was valued at USD 9.4 Million in 2022 and is expected to grow at a strong CAGR of around 28.6% 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 Terra Drone, Strata Manufacturing PJSC, EDGE PJSC Group, Atlas Group, 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 products, the multirotor segment held a significant share of the market in 2022.”
Based on drone type, the renewable 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 solution, 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 solution. 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 that are equipped with advanced imaging technology and AI capabilities, enabling precise and thorough inspections.
UAE & Saudi Arabia renewable drone Market Report Coverage
“UAE dominated the market.”
In the UAE, the increased dependance on renewable 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.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Key Insights
4. Executive Summary
5. Uae & Saudi Arabia Renewable Drone Market Revenue (usd Bn), 2020-2030f
6. Market Insights By Drone Type
7. Market Insights By Solutions
8. Market Insights By End-user
9. Market Insights By Country
10. Uae & Saudi Arabia Renewable Drone Market Dynamics
11. Uae & Saudi Arabia Renewable Drone Market Opportunities
12. Uae & Saudi Arabia Renewable Drone Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Companies Profiled
17. Disclaimer
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 renewable drone market were the three major steps undertaken to create and analyze the adoption of UAE & Saudi Arabia renewable 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 renewable 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 renewable 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 renewable 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 drone type, solutions, 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 renewable drone market. Further, we conducted factor analysis using dependent and independent variables such as drone type, solutions, and end-user of the UAE & Saudi Arabia renewable 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 renewable 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 renewable 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:
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 Renewable 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 renewable drone market. The data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the drone type, solutions, and end-user of the UAE & Saudi Arabia renewable drone market.
The main objective of the UAE & Saudi Arabia renewable drone Market Study
The current & future market trends of the UAE & Saudi Arabia renewable 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:
Q1: What is the current market size and growth potential of the UAE & Saudi Arabia Renewable drone market?
Q2: What are the driving factors for the growth of the UAE & Saudi Arabia Renewable drone Market?
Q3: Which segment has the largest share of the UAE & Saudi Arabia Renewable drone market by drone type?
Q4: What are the emerging technologies and trends in the UAE & Saudi Arabia renewable drone market?
Q5: Which country will dominate the UAE & Saudi Arabia renewable drone market?
Q6: Who are the key players operating in the UAE & Saudi Arabia Renewable drone market?
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