04-06 November 2024
The Arena Riyadh Venue
Riyadh , Kingdom of Saudi Arabia

THE SAUDI DRONES MARKET

The Promising Future For The Drone's Market

Globally, the overall Drone’s market in particular and their related Artificial intelligence are experiencing an exceptional growth, with the expected figure of $30.2 billion in 2024, which is projected to reach $48,5 in 2029, at a CAGR of 9.9% from 2024 to 2029.The Volume of Drones is projected to grow from 5.42 million in 2024 to 7.51 units in 2029. The increasing integration of Artificial Intelligence in drones, including sophisticated data analytics, and machine learning algorithms, improved communication systems, development in high-resolution imaging sensors, enhanced command and control capabilities, advance of battery technology for longer operational ranges, have collectively contributed to the escalating adoption in various sectors.

Saudi Arabia, The Leading Market of MENA

In Saudi Arabia, he National Transformation Program, under the umbrella of the Saudi Vision 2030, has mapped out a route to a more technologically advanced future. The Kingdom is massively investing in unprecedented mega projects, including high-tech and digital infrastructures. To this end The Saudi Government has committed to an annual investment of 2.5% of GDP in the research, development and innovation sector, by 2040. The attractive and promising environment has set the standard for technology excellence, calling for massive investment in cutting edge technologies delivery high-quality products, solutions and services. The Kingdom’s innovation sector is forecasted to increase the nation’s GDP by $16 billion by the end of the decade.
 
The Saudi Big Data and Artificial Intelligence Market size is estimated at US$ 0.38 billion in 2024, and is expected to reach US$ 2.19 billion by 2029, growing at a CAGR of 34.24% during the forecast period (2014-2029). The Saudi Arabian market for Commercial Drone was worth US$ 13.5 Million in 2020 and is expected to grow up to US$ 72 Million with a CAGR of 32% over 2020-2026.The revenue generated in the Saudi Drones market in 2024 is estimated to be US$ 13.1 million. This market is expected to experience an annual growth rate of 5.13% from 2024 to 2028.Looking ahead to 2028, the volume of the Drones market is expected to reach 35.6k pieces.  In general, the Saudi Drones and related AI market is fueled by their increasing use in Oil and Gas, Civil Protection, perimeter surveillance, Agriculture and the very promising entertainment industry

SAUDI DRONE AND AI MARKET OVERVIEW