Nano Drones Global Market Sees Growth Rate Of 27% Through 2022

8 Mar, 2022

The global nano drones market size is expected to decline from $0.99 billion in 2021 to $1.25 billion in 2022 at a compound annual growth rate (CAGR) of 26.8%. The change in the market growth trend 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 drone market is expected to reach $3.23 billion in 2025 at a CAGR of 26.8%.

What is the Global Nano Drones Market?

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.

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What drives the Global Nano Drones Market?

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. For instance, in May 2020, FLIR Systems, Inc., a US-based company that specializes in the design and production of thermal imaging cameras and sensors declared that it has been granted an extra $20.6 million deal from the USA Army to deliver its FLIR Black Hornet Nano-UAV Systems. 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).

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Global Nano Drones Market Segments
The global nano drones market is segmented:
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 regions covered in the nano drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Nano Drones Global Market Report 2022provides market size and growth forecasts for the global nano drones market, global nano drones market share, nano drones market segments and geographies, nano drones market competitive landscape including leading competitors’ revenues, profiles and market shares. The nano drones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Nano Drones Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.