Nano Drones Global Market Report 2024

The nano drones market size has grown exponentially in recent years. It will grow from $1.68 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 30.4%. Historical growth can be attributed to the requirements for disaster management and surveillance, the integration of AI and automation, cost-effectiveness, applications across commercial and industrial sectors, and significant investments in research and development (R&D) and innovation.

The nano drones market size is expected to see exponential growth in the next few years. It will grow to $6.37 billion in 2028 at a compound annual growth rate (CAGR) of 30.5%. Anticipated growth in the forecast period is driven by increased security and surveillance needs, the miniaturization of components, advancements in AI and automation, consumer demands, and the expanding commercial applications. Major trends expected in this period include the growth of delivery services, personal and recreational use, applications in education and research, entertainment and media, as well as for disaster response and search operations.

The anticipated growth in the nano-drone market is closely linked to the upward trajectory of the construction industry. The construction sector, encompassing diverse economic activities from planning to maintenance, has witnessed significant expansion. Nano drones play a crucial role in construction by providing efficient aerial surveillance and inspection capabilities. They enable quick and detailed monitoring of construction sites, enhancing safety measures and streamlining project management processes. As reported in a February 2022 publication by the UK's Office for National Statistics, the construction sector experienced a historic annual growth rate of 12.7% in 2021, surpassing the previous year's figures. Notably, December 2021 saw a 2.0% increase in the volume of monthly construction output, primarily driven by a notable surge in new work at 3.5%. Moreover, the construction industry exhibited a quarterly production increase of 1.0% in Q4 2021 compared to Q3, with growth observed in both new work (1.1%) and repair and maintenance activities (0.8%). Consequently, the burgeoning construction industry stands as a significant driver behind the growth of the nano-drone market.

The expected growth in the nano-drone market is closely tied to the expanding education sector. The education sector, encompassing a network of institutions and stakeholders involved in formal learning and training, is witnessing substantial growth. The integration of nano drones into educational curricula provides students with a hands-on opportunity to learn and apply programming and coding skills. This involves programming the drones to perform specific tasks or follow pre-defined flight paths, enhancing students' practical knowledge in these technological areas. According to a report from the University of Technology Sydney in July 2023, secondary education achieved the highest level of school completion in the United States in 2022, with 28% of the population attaining this level of education. In the UK, 73.2% of secondary school-age residents achieved a GCSE pass rate in 2022. Moreover, as of 2021, Australia recorded a total enrollment of over 3.95 million students in both public and private schools. This substantial growth in the education sector serves as a significant driver behind the expansion of the nano-drone market.

Major players in the nano-drone market are strategically engaging in partnerships to develop nanomaterial components for drones, a collaborative approach where companies leverage each other's strengths and resources for mutual benefits and success. In August 2023, Carborundum Universal Ltd., an India-based engineering company, entered into a strategic partnership with ideaForge Technology Ltd., an India-based drone manufacturing company. This partnership is poised to generate substantial synergies by capitalizing on the advantages of suitable nanomaterials in drone construction, resulting in the production of smaller, lighter, stronger, and more durable aerial vehicles. The integration of nanomaterial-reinforced composite materials, with a focus on graphene-reinforced polymers, has transformative potential for enhancing structural components in aerospace applications. Beyond technological advancements, the collaboration is anticipated to strengthen the 'Make in India' initiative, creating avenues for novel opportunities in the drone manufacturing sector. This strategic alliance reflects the industry's commitment to cutting-edge technologies and collaborative efforts to drive innovation in nano-drone development.

Key players in the nano-drone market are actively developing advanced technologies, such as nano-drones with upgraded sensors, to expand their customer bases, boost sales, and increase revenue. Nano drones equipped with upgraded sensors are small unmanned aerial vehicles (UAVs) featuring advanced sensor technologies to enhance capabilities in data collection, navigation, and situational awareness. In October 2023, Teledyne Technologies, a US-based technology company, introduced the Black Hornet 4 nano-drone. Renowned for its compact design, the nano-drone measures under a foot in length and boasts a minimal weight. Notable features include an impressive flight endurance exceeding 30 minutes, along with a remarkable range surpassing 2 kilometers (1.24 miles). The nano-drone exhibits exceptional stability, even in winds reaching 25 knots (89 mph). Equipped with a sensitive daytime camera and a thermal imager, it has the capability to capture high-quality videos and images. The Black Hornet 4 also incorporates a sophisticated software-defined data system, elevating its overall functionality and positioning it as an advanced solution in the nano-drone market.

In April 2021, Anduril Industries, a defense technology company based in the United States, successfully completed the acquisition of Area-I for an undisclosed sum. This strategic move allows Anduril to incorporate the hardware capabilities of Area-I into its existing portfolio of automation and data-sensing technologies. Area-I, a small drone company also based in the United States, now operates under the umbrella of Anduril Industries, contributing its expertise in small drone technology to enhance the overall capabilities of the merged entity.

Major companies operating in the nano drones market report are Thermo Fisher Scientific Inc., Safran SA, Science Applications International Corporation, Elbit Systems Ltd., Smiths Group plc, Bruker Corporation, FLIR Systems Inc., OSI Systems Inc., NUCTECH Company Ltd., Chemring Group plc, Rapiscan Security Products Inc., Bowers & Wilkins Co., L-3 Security And Detection Systems Inc., Garrett Electronics Inc., Morpho Detection Inc., Implant Sciences Corporation, Astrophysics Inc., Autoclear LLC, NABCO Systems LLC, CEIA USA Ltd., Aventura Technologies Inc., Detecta Chem Inc., Viken Detection, Kromek Group plc, Scanna MSC Ltd., Kapri Corp., CDex Inc., Argo Security SRL, Klipper Enterprises.

North America was the largest region in the nano drones market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nano drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nano drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Nano drones come in various types, including fixed-wing nano drones, rotor nano drones, flapping-wing nano drones, and other specialized designs. Fixed-wing nano drones find applications in intelligence, surveillance, and reconnaissance (ISR) missions, surveying, mapping, search and rescue, and various other aerial tasks. Nano drones are equipped with diverse payloads, including cameras, control systems, tracking systems, among others, catering to different end-users. These end-users span across consumer markets, military and law enforcement agencies, and various other sectors utilizing the unique capabilities of nano drones for specific applications.

The nano drones market research report is one of a series of new reports that provides nano drones market statistics, including nano drones industry global market size, regional shares, competitors with a nano drones market share, detailed nano drones market segments, market trends and opportunities, and any further data you may need to thrive in the nano drones industry. This nano drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nano drones market consists of sales of mini drones for smaller operations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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