Press release
Nano Drones Market Research Report 2024-2033 | Opportunities and Strategic Strategies: A Comprehensive Analysis
Nano Drones Market
The Business Research Company presents an extensive market research report on the Nano Drones Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The nano drones market size has grown exponentially in recent years. It will grow from $1.68 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 30.4%. The growth in the historic period can be attributed to disaster management and surveillance needs, integration of AI and automation, cost reductions and affordability, commercial and industrial use cases, R&D and innovation.
The nano drones market size is expected to see exponential growth in the next few years. It will grow to $6.37 billion in 2028 at a compound annual growth rate (CAGR) of 30.5%. The growth in the forecast period can be attributed to security and surveillance needs, miniaturization of components, advancements in AI and automation, consumer demand and trends, rise in commercial applications. Major trends in the forecast period include delivery services, personal and recreational use, education and research, entertainment and media, disaster response and search operations.
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Key Market Players:
Major companies operating in the nano drones market report are Thermo Fisher Scientific Inc., Safran SA, Science Applications International Corporation, Elbit Systems Ltd., Smiths Group plc, Bruker Corporation, FLIR Systems Inc., OSI Systems Inc., NUCTECH Company Ltd., Chemring Group plc, Rapiscan Security Products Inc., Bowers & Wilkins Co, L-3 Security And Detection Systems Inc., Garrett Electronics Inc., Morpho Detection Inc., Implant Sciences Corporation, Astrophysics Inc., Autoclear LLC, NABCO Systems LLC, CEIA USA Ltd., Aventura Technologies Inc., Detecta Chem Inc., Viken Detection, Kromek Group plc, Scanna MSC Ltd., Kapri Corp, CDex Inc., Argo Security SRL, Klipper Enterprises
Market Drivers:
The rising construction industry is expected to boost the growth of the nano-drone market going forward. The construction industry encompasses a broad sector of economic activity involving the planning, design, development, construction, and maintenance of physical structures and infrastructure, including buildings, roads, bridges, utilities, and other facilities. Nano drones in the construction industry are used for providing efficient aerial surveillance and inspection capabilities, allowing for quick and detailed monitoring of construction sites, enhancing safety, and streamlining project management. For instance, in February 2022, according to a report published by the Office for National Statistics, a UK-based administrative office of the United Kingdom Statistics Authority, the annual growth rate of the construction sector reached a historic high of 12.7% in 2021, surpassing the figures from the previous year. Notably, the volume of monthly construction output experienced a 2.0% increase in December 2021, predominantly propelled by a surge in new work at 3.5%. Additionally, the construction industry exhibited a quarterly production uptick of 1.0% in Q4 2021 compared to Q3, driven by growth in both new work (1.1%) and repair and maintenance activities (0.8%). Therefore, the rising construction industry is driving the growth of the nano-drone market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/nano-drones-global-market-report
The nano drones market covered in this report is segmented -
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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