The Global Nano Drones Market is forecasted to be worth USD 4.04 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Nano Drones by the defense agencies & intelligence bureau, newer use cases of drone in commercial sectors, and advacment in camera & battery technology, to name a few.
Along with asymmetric warfare and interstate border conflicts, other factors contributing to the market’s impressive growth include the significant increase in cross-border conflict, the expansion of existing military monitoring and control technology, and its further development in response to specific needs. The Nano drones’ ability to take off and land vertically from or onto a small space enables the user operate the drone within a smaller area without the need for a large takeoff or landing area. These have been viewed as a better alternative to applications that largely involve inspections and call for the capacity to manoeuvre with greater precision and maintain a steady sight on a single, specific object for extended periods of time.
Nano drones are miniature and micro drones that weigh less than 2 kg. They don’t need long runways because they can take off vertically or be launched manually. The majority of the time, nano drones are thought to be used for military purposes, such as intelligence gathering. They are also very beneficial for a variety of applications, including precision agriculture, helping first responders, and safely inspecting vital infrastructure like oil and gas pipelines.
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The report studies the historical data of the Nano Drones Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Nano Drones Market industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Nano Drones Market .
Market Overview:
The research report on the Nano Drones Market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Nano Drones Market business sphere.
Further key findings from the report suggest
In December 2019, Drone Aviation Holding Corp. revealed its merger with ComSovereign Corp, a US-based consortium of the 5G telecommunications radio, power systems, and silicon photonics, designed for the next generation of global networks.
An increasing investment in the R&D of the camera systems & major focus on its modification have created a mentionable number of use cases and remarkable growth in the Nano Drones market. The Camera sub-segment in the type segment had 41.2% market share in the year 2019.
The Asia Pacific nations, led by China, India, and South Korea, designate a substantial budget for defence and law enforcement training. Additionally, escalating instances of interpersonal conflicts, asymmetric warfare, terrorist activity, and planning for future battles, as well as increased economic growth and advancement in the manufacturing sector and semiconductor products, actively support market enforcement.
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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period.
Top competitors of the Nano Drones Market profiled in the report include: Parrot SA, AeroVironment, Inc., Mota Group, Inc., Skyrocket Toys LLC, Guangdong Cheerson Hobby Technology Co., Ltd, Hubsan Technology Company Ltd., Prox Dynamics, Microdrones, Aerix Drone, and Acumen Robot Intelligence (ARI), among others.
For the purpose of this report, Emergen Research has segmented into the global Nano Drones Market on the basis of Payload, End-Users, Price Range, and Region:
Payload Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Camera
- Control Systems
- Tracking Systems
- Others
End-Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Military
- Commercial
Price Range Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Budget
- Medium
- Premium
Regional Analysis of the Nano Drones Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Objectives of the Report:
- Analysis and estimation of the Nano Drones Market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Nano Drones Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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