Over 300% growth projected for the regional unmanned aerial vehicle industry between 2018-2024
Falcon Eye Drones, a Dubai based drone-powered solutions company, is celebrating 10,000 flights across the Middle East and Africa based projects since commencing operations.
The company revealed its ambitious plans to double its operations in the next few years with the market promise of reaching the value of US$ 1.5bn by 2022 in the GCC alone.
After covering the area of nearly 34,000 kilometers since company’s operational inception in 2014, Falcon Eye Drones is convinced that organisations will adopt drone applications within their operations will play a central role in the development of the regional drone industry.
“Drones are becoming an instrumental technology for many industries such as oil and gas, utilities, telecomms, construction, transportation, city infrastructure developments, agriculture, archeology, safety and security as well as photography and videography. Drone technology is quickly growing beyond its original military applications and is making a very big impact on the commercial sector,” remarked Rabih Bou Rached, Managing Director, Falcon Eye Drones.
The proliferation of drone technologies in the region is also dependent on the various legislations and regulations that support them. Airspace regulators are conscious of the growth of drone technology and are looking for a balance between public safety and economic efficiency.
The progress of drone legislation and regulation in the region is underway. The drone traffic control center will soon serve as a centralized authority to manage drone traffic and ensure regulations are followed. Following dynamic drone market expansion insurance companies will be able to soon unlock new market potential.
