The report of Global Nano UAV Market by type (civil & commercial, military, homeland security and others), by diameter (fixed wing and rotary wing), Propulsion System (Hydrogen cell, Solar cell and Lithium-ion), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn by 2027, at a CAGR of 10.60 % during a forecast period.
An increase in the adoption of Nano-sized drones or unmanned aerial vehicles and their usage in monitoring, spying, command controlling & attacking circumstances are expected to drive the market growth during the forecast period. High investment in military bodies & defense sectors and technological advancements in the hardware systems are also expected to boost the market growth.
Nano UAV is becoming a major military tool.
Nano UAV is an advanced system, which has a lot of functionality in a tiny form factor. Nowadays it is becoming a major military tool. As the Nano drone technology evolves, the traditional military uses for unmanned systems are combined with new applications. Key players are focusing to introduce Nano UAV. For instance, FLIR Company has announced the next generation Black Hornet 3 nano-unmanned aerial vehicle. It is the latest version of the world’s smallest combat-proven personal reconnaissance system.
North America region held XX% share in 2019 and projected to contribute XX% share in the Global Nano UAV Market.
By region, Global Nano UAV Market is segmented into North America, Europe, Middle East & Africa, South America, and the Asia Pacific. North America region is expected to contribute maximum share in the Global Nano UAV Market. A large share in the market is attributed to the factors like high expenditure on the military & defense sector. The developed countries like US and Canada have progressed rapidly in technological advancement in UAV.
Key players operating in the Global Nano UAV Market includes AeroVironment, Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Intel Corporation, FLIR Systems Inc., The Boeing Company, Yuneec, DJI, 3DR, Saab AB, Lockheed Martin Corporation, Parrot Drones SAS, Thales Group, Elbit Systems Ltd, Textron Inc. and Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Nano UAV Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Nano UAV Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Nano UAV Market positioning of competitors.
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