Press release
Nano Drones Market Latest Technology Advancements, Growth and Industry Outlook 2021 to 2030: Aerix Drone, Extreme Fliers, Drona Aviation Pvt Ltd
Global Nano Drones Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Nano Drones market size, demand and revenue. The current Nano Drones market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.The global nano drones market is expected to decline from $757.11 million in 2020 to $974.75 million in 2021 at a compound annual growth rate (CAGR) of 28.7%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $2,568.85 million in 2025 at a CAGR of 27.4%.
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Industry News and Growth:
in December 2020, BAE Systems, a UK-based aerospace company in collaboration with UAVTEK, a UK-based drone manufacturer developed a super lightweight bug drone based on nanotechnology. The bug is a nano-unmanned aerial vehicle (UAV) that weighs 196g, about the same as a smartphone, has a 40-minute battery life, and a range of 2 kilometers. During a recent Army Warfighting Experiment (AWE) program conducted by the Ministry of Defence's Future Capability Unit, it was the only nano-UAV capable of surviving the harsh weather.
In January 2019, FLIR Systems, a US-based commercial company specializing in the design and production of thermal imaging cameras, components, and imaging sensors acquired Aeryon Labs for $200 million. This acquisition expands FLIRs unmanned system solutions with advanced airframes, sensors, and flight management software for government and defense customers. The contract also includes the deployment of the firm's FLIR Black Hornet 3 nano-unmanned drone to support operations by the French Armed Forces. Aeryon Labs is a Canadian developer and manufacturer of miniature unmanned aerial vehicles.
Scope of this Report:
Markets Covered: 1) By Type: Fixed Wing Nano Drones; Rotor Nano Drones; Flapping Wing Nano Drones; Others
2) By Payload: Camera; Control Systems; Tracking Systems; Others
3) By End User: Consumer; Military Or Law Enforcement; Others
Companies Mentioned: AeroVironment Inc.; Aerix Drone; Extreme Fliers; Drona Aviation Pvt Ltd; Guangdong Cheerson Hobby Technology Co. Ltd
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Executive Summary:
The nano drones market consists of sales of nano drones by entities (organizations, sole traders, and partnerships) that manufacture extremely small drones or remote-controlled aircraft used in various military and non-military applications. Nano drones are used by military officials for confidential operations such as search and rescue, reconnaissance, surveillance, and situational awareness, among others. They are built with smaller-sized rotors and motors and hence are light in weight, small in size portable, and easier to control and navigate. The main types of nano drones are fixed-wing nano drones, rotor nano drones, flapping-wing nano drones, and others. Fixed-wing nano drones are used for ISR missions, surveying and mapping, search and rescue, and other aerial applications. The different payloads of nano drones include cameras, control systems, tracking systems, others and are used by various end-users such as consumers, military or law enforcement, and others. The increasing adoption of nano-drones by military bodies is contributing to the growth of the nano-drones market. Nano drones are being employed as a major military asset due to their ability to integrate a lot of capabilities into a small form factor. For instance, in May 2020, FLIR Systems, Inc., a US-based company that specializes in the design and production of thermal imaging cameras and sensors declared that it has been granted an extra $20.6 million deal from the USA Army to deliver its FLIR Black Hornet Nano-UAV Systems. Furthermore, in December 2020, the British army has purchased 30 nano bug drones to allow soldiers to spy on targets up to 2 kilometers (1.25 miles) away, marking the latest move in the contentious use of unmanned aerial vehicles by the military (UAVs).
Regional Analysis For Nano Drones Market:
North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
North America was the largest region in the nano drones market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Browse the Report Description And TOC:
https://www.marketinsightsreports.com/reports/11103735663/nano-drones-global-market-report-2021-covid-19-implications-and-growth-including-1-by-type-fixed-wing-nano-drones-rotor-nano-drones-flapping-wing-nano-drones-others-2-by-payload-camera-control-systems-tracking-systems-others-3-by-end-user-consumer-military-or-law-enforcement-others-covering-aerovironment-inc-aerix-drone-extreme-fliers-drona-aviation-pvt-ltd-guangdong-cheerson-hobby-technology-co-ltd?Mode=S48
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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