Business Wire.- The «Nano Drones Global Market Report 2021: COVID-19 Implications and Growth» report has been added to ResearchAndMarkets.com’s offering.
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 market is expected to reach $2,568.85 million in 2025 at a CAGR of 27.4%.
Major players 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.
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.
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.
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. 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.
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.
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).
The countries covered in the nano drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Nano Drones Market Characteristics
3. Nano Drones Market Trends and Strategies
4. Impact Of COVID-19 On Nano Drones
5. Nano Drones Market Size and Growth
5.1. Global Nano Drones Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Nano Drones Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Nano Drones Market Segmentation
6.1. Global Nano Drones Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Fixed Wing Nano Drones
- Rotor Nano Drones
- Flapping Wing Nano Drones
- Other
6.2. Global Nano Drones Market, Segmentation by Payload, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Camera
- Control Systems
- Tracking Systems
- Others
6.3. Global Nano Drones Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Consumer
- Military Or Law Enforcement
- Others
7. Nano Drones Market Regional and Country Analysis
7.1. Global Nano Drones Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Nano Drones Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
- 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
- Textron
For more information about this report visit https://www.researchandmarkets.com/r/vi0ne3