300% regional growth projected between 2018-2024
Falcon Eye, Dubai based drone-powered solutions company, is celebrating 10,000 flights across the Middle East and Africa based projects.
Company has 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 only in the GCC according to the latest report.
After covering the area of nearly 34,000 kilometers since company's operational inception in 2014, Falcon Eye Drones are convinced that organizations that will adopt drone applications within their operations will play a central role in the development of the regional drone industry.
Says Rabih Bou Rashid, Managing Director of Falcon Eye Drones: "Drones are becoming an instrumental technology for many industries such as oil & gas, utilities, telecom, construction, transportation, city infrastructure developments, agriculture, archeology, safety & security as well as photography & videography.
“Drone technology is quickly growing beyond its original military applications and is making a very big impact on the commercial sector."
Rabih added: "In order to harvest the full potential smart city developments represent, it is important for all the industries that make an impact on this transformation, to become more cost-effective, agile and disruptive.
“Civil drones will help this region to excel by introducing drone applications to collect valuable data, make measured decisions, capitalize on data automation and imaging capabilities."
While the Middle East rapidly grows and innovates, drones will play an instrumental role in the development of multiple projects that are expected to be delivered in record times. Drones will not only support timely infrastructure developments but will allow citizens to experience their unlimited potential and benefits.
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.
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