Press release
Nano Drones Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
The Business Research Company offers in-depth market insights through Nano Drones Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Nano-Drones Market Soars With The Ascending Construction Industry
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.
Competitive Landscape:
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
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Top Trend - Innovative Advancements In The Nano-Drone Market
Major companies operating in the nano-drone market are developing advanced technologies, such as nano-drones with upgraded sensors, to meet larger customer bases, increase sales, and increase revenue. Nano drones with upgraded sensors refer to small unmanned aerial vehicles (UAVs) that are equipped with advanced sensor technologies for enhanced capabilities in data collection, navigation, and situational awareness. For instance, in October 2023, Teledyne Technologies, a US-based technology company, launched the Black Hornet 4 nano-drone. Distinguished by its compact design, the Black Hornet 4 nano-drone measures under a foot in length and boasts a minimal weight. Noteworthy is its impressive flight endurance, exceeding 30 minutes, coupled with a remarkable range of over 2 kilometers (1.24 miles). The nano-drone exhibits exceptional stability, even in winds reaching 25 knots (89 mph). Equipped with a sensitive daytime camera and a thermal imager, it possesses the capability to capture high-quality videos and images. Additionally, the Black Hornet 4 features a sophisticated software-defined data system, enhancing its overall functionality.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nano Drones Market Characteristics
3. Nano Drones Market Trends And Strategies
4. Nano Drones Market - Macro Economic Scenario
5. Nano Drones Market Size And Growth
…..
27. Nano Drones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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