The Business Research Company Global Nano Drone Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, Feb. 14, 2022 /EINPresswire.com/ — Global nanodrone market trends include increasing technological advancements. In recent years, nano-drone technology has advanced tremendously, allowing them to fly faster and deeper than ever before, as well as perform complex surveillance missions. For example, in December 2020, BAE Systems, a UK-based aerospace company, in collaboration with UAVTEK, a UK-based drone manufacturer, developed a nanotechnology-based super-light insect-killing drone. The bug is a nano-unmanned aerial vehicle (UAV) that weighs 196g, about the same as a smartphone, has a battery life of 40 minutes and a range of 2 kilometers. In a recent Army Warfighting Experiment (AWE) program conducted by the Department of Defense’s Future Capability Unit, it was the only nano-UAV capable of surviving harsh weather conditions.
The increasing adoption of nano-drones by military agencies is contributing to the growth of the nano-drone industry. Nano drones are used as a major military asset due to their ability to pack many capabilities into a small form factor. For example, in May 2020, FLIR Systems, Inc., an American company specializing in the design and production of thermal imaging cameras and sensors, said it had been awarded an additional contract worth $20.6 million. of the US Army to deliver its FLIR Black Hornet nano-drone systems. Additionally, in December 2020, the British Army purchased 30 nano bug drones to enable soldiers to spy on targets up to 2 kilometers (1.25 miles) away, marking the latest milestone in the controversial use of aerial vehicles unmanned by the army (UAV).
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The global nano drone market size is expected to grow from USD 0.99 billion in 2021 to USD 1.25 billion in 2022 at a compound annual growth rate (CAGR) of 26.8%. The growth of the market is mainly due to businesses adapting to the new normal thanks to the COVID-19 pandemic. The global nano drone market share is expected to reach $3.23 billion in 2026 with a CAGR of 26.8%.
Key players covered in the global nano drone 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.
North America was the largest nanodrone market region in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period. Regions covered in the Nano Drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
The global Nano Drones market research report by TBRC is segmented by Type into Fixed Wing Nano Drones, Rotor Nano Drones, Swinging Wing Nano Drones, Others, by Payload in Camera, Control Systems, Systems tracking, others, by consumer end user, military or law enforcement, others.
Global Nano Drone Market Report 2022 – By Type (Fixed Wing Nano Drones, Rotor Nano Drones, Swing Wing Nano Drones), By Payload (Camera, Control Systems, Tracking Systems), By End-User (Consumer, Military, or Law Enforcement) – Global Market Size, Trends, and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides an overview of the Nano Drones market, forecasts the Nano Drones Market Size and Growth for Overall Market, Nano Drones Market Segments, Geographies, Nano Drones Market Trends, Nano Drones Market Drivers, Constraints, Revenue, Profiles and Shares market of the main competitors.
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