Global Nano Drones Market Size, Forecasts, And Opportunities
Learn about the global nano drones market through The Business Research Company, which provides information on nano drones market size, nano drones market drivers and restraints, nano drones market players, the COVID-19 impact on the nano drones market, and more.
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 of the nano drones market 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 nano drones market is expected to reach $2,568.85 million in 2025 at a CAGR of 27.4%.
The increasing adoption of nano-drones by military bodies are expected to drive nano drones manufacturing, thus driving the market during the forecast period.
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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.
Global nano drones market segments include:
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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the nano drones market in 2020.
The growing technological advancements are shaping the nano-drones market. 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.
TBRC’s nano drones market report covers:
Major Market Players: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Nano Drones Global Market Report 2021: COVID-19 Implications And Growth is one of a series of new reports from The Business Research Company that provides nano drones market overviews, analyzes and forecasts market size, share, nano drones market players, nano drones market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s nano drones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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