DRONE MARKET POTENTIAL IN THE UAE

The UAE’s announcement in February that it plans to use unmanned aerial vehicles (UAVs) to deliver medicines and official documents like ID cards and driving licences to its citizens could kick-start the Middle East’s commercial drones market. Mohhammed Al Gergawi, a minister of cabinet affairs, said the drones would be tested for durability and efficiency for six months, before being introduced across the emirates within a year. The UAE has launched a multimillion-dollar contest for local and international inventors to come up with ideas on how UAVs can be used for civilian and humanitarian purposes. Drones, technically known as unmanned aerial vehicles (UAVs), comprise the fastest growing sector of the aerospace industry. Their global market is predicted to more than double over the next decade, from the current figure of $5.2bn a year to $11.6bn by 2023.

In this months edition of the magazine Peter Feuilherade reports on the drone market potential in the region.To read the article in full please subscribe to the magazine, full details of which can be found on the home page of the website.