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Nano Drones Market Analysis, Growth, Size, Trends And Forecast 2023-2032
Nano Drones Market Report
The Business Research Company's Nano Drones Global Market Report 2023 identifies the increase in the adoption of nano-drones by military bodies as the major driver for the nano drones market's growth in the forecast period. 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.
The global nano drones market size grew from $1.3 billion in 2022 to $1.7 billion in 2023 at a compound annual growth rate (CAGR) of 31.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nano drones market size is expected to grow to $4.81 billion in 2027 at a CAGR of 29.7%.
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Major competitors in the nano drones market are AeroVironment Inc., Aerix Drone, Extreme Fliers, Drona Aviation Pvt Ltd., Guangdong Cheerson Hobby Technology Co. Ltd., Mota Group Inc., Parrot SA, Prox Dynamics, Skyrocket Toys LLC, Horizon Hobby, Lockheed Martin, Israel Aerospace Industries, Elbit Systems, Dajiang Innovation Technology Co., BAE Systems, The Boeing Company, Thales Group, and Textron.
A key trend in the nano drones market includes technological advancements. In recent years, nano-drone technology has advanced intensely, allowing them to fly faster and deeper than ever before, as well as carry out complex surveillance missions. For instance, 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.
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The nano drones market is segmented -
•By Type: Fixed Wing Nano Drones, Rotor Nano Drones, Flapping Wing Nano Drones, Others
•By Payload: Camera, Control Systems, Tracking Systems, Others
•By End User: Consumer, Military Or Law Enforcement, Others
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the nano drones market.
The Business Research Company's "Global Nano Drones Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nano Drones Market Include:
1. Executive Summary
2. Nano Drones Market Characteristics
3. Nano Drones Market Trends And Strategies
4. Nano Drone Market - Macro Economic Scenario
5. Nano Drones Market Size And Growth
……
26. Africa Nano Drones Market
27. Nano Drones Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nano Drones Market
29. Nano Drones Market Future Outlook and Potential Analysis
30. Appendix
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