A Multi Billion Dollar Bird’s Eye View on Construction

    The global Unmanned Aerial Vehicle (UAV) drones market is expected to increase to USD 21.2 Billion by 2022, at a CAGR of 20% between 2016 and 2022, according to Markets and Markets. The UAV drones market is witnessing enhanced design, improved data-processing capabilities and significant operating ranges and tenure, said Persistence Market Research. Small UAV drones are being used prominently in several commercial applications such as inspection, surveying, soil moisture imaging, environmental studies, high altitude imaging, scientific research, infrastructure, etc. 

    According to Research Nester, various universities across the globe are now offering bachelor degree in Unmanned Systems Applications. It forecasts global drone market to reach USD 25 billion by the end of 2023. Nearly 4 million commercial drones were sold in 2015 and is anticipated to reach 18 million a year by 2023. Drone manufacturers are focused on providing comprehensive design with functionality and safety to ensure the best performance and creative appearance. North America is anticipated to have the upper hand over the global drone market owing to the increasing production and wide application of drones in commercial sector. Europe is estimated to be most attractive market in terms of profit over the forecast period. Huge investments in R&D are aimed at developing solar powered drones for agricultural application. This will further boost the demand for drones in agricultural sector. Government regulations regarding the violation of privacy policies are considered to be the major restraint in the global drone market. 

    The June / July 2017 issue of Arab Construction World (ACW) magazine covers a range of interesting articles and news. On page 14, we see an exclusive story on Iran’s Power sector with focus on clean energy. The article on Page 27 sheds light on Kuwait’s growth in real estate and construction. Page 31 tells us about generating power to the mega project Riyadh Metro, while on page 34, we witness the launch of UD trucks’ latest medium duty truck the Croner with exclusive coverage from Dubai. Your comments and remarks are appreciated so please don’t hesitate to contact us through our email content@cph.world

    Fathi Chatila