Scope of the Study
Due to increasing applications of drone technology in logistics applications, growing demand for nano drones from the live streaming events as well as compatibility will escalate the overall business growth of nano drones. In addition to this, these drones offer better accessibility than conventional CCTVs or cameras. Nano Drones which are also known as an unmanned aerial vehicle (UAV) is an aircraft which runs with the human interventions. These drones can also be used in combat training, video surveillance and many other applications. Moreover, the adoption of highly advanced image processing techniques, as well as artificially intelligent drones will further generate lucrative opportunities over the forecasted period.
The market study is being classified by Type (Fixed Wing Nano Drones, Rotor Nano Drones, Flapping Wing Nano Drones and Other), by Application (Civil and Military) and major geographies with country level break-up.
AeroVironment, Inc. (United States), Parrot SA (France), JIANJIAN TECHNOLOGY CO. LTD. (China), Prox Dynamics AS (Norway), Skyrocket Toys LLC (United States), GUANGDONG SYMA MODEL AIRCRAFT INDUSTRIAL CO. LTD. (China), Mota Group, Inc (United States), Guangdong Cheerson Hobby Technology (China), Horizon Hobby, LLC. (United States) and Hubsan Technology Company (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Acumen Robot Intelligence (ARI) (United States), Udirc Inc. (China), Extreme Fliers (United Kingdom), Swarm Systems Ltd. (United Kingdom) and WAH Lung Toys Co Ltd (HongKong).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Nano Drones market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Nano Drones market by Type, Application and Region.
On the basis of geography, the market of Nano Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Nano Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Applications of Drone Technology in Logistics Applications
- Provides better Accessibility than the Traditional Camera to Lessen Effort
- Growing Demand for Nano Drones from the Live Streaming Events
- Increasing Adoption of AI Enabled Nano Drones equipped with Highly Advanced Image Processing Technologies
- Higher Manufacturing Costs as well as Significant Post Purchase Maintenance Cost
- Minimal Durability of the Nano UAVs might Stagnate the Demand
- Minimized Human Intervention with Increasing Operational Efficiency
- Increasing Awareness about the Nano Drones in the Developing Economies
- Stringent Government Regulations regarding Airspace and Air Traffic Regulations
- Prone to Accidental Collision with the Manned Aircraft
Market Leaders and their expansionary development strategies
On April 30, 2019, the leader in unmanned aircraft systems (UAS) and tactical missile systems (TMS), "AeroVironment, Inc.", and the leader in high-speed, tactical drone targets and unmanned aircraft, Kratos Defense & Security Systems, Inc. has signed a new strategic relationship to develop and demonstrate highly integrated and operationally effective multi-domain unmanned system solutions for near-peer, denied environments.
According to The Ministry of Civil Aviation, India has formulated an all-digital process instead of simply digitizing a paper-based process for registering and operating drones. The Digital Sky Platform is the first-of-its-kind national unmanned traffic management (UTM) platform that implements “no permission, no takeoff” (NPNT). Users will be required to do a one-time registration of their drones, pilots, and owners. The Civil Aviation Ministry has also mandated issued a Unique Identification Number (UIN).
Key Target AudienceNano Drone Manufacturers, Nano Drone Distributors and Traders, Government Agencies and Industry Associations, Nano Drones Upstream and Downstream Buyers, Financial Institutes and Venture Capitalists, Research and Development Institutes and Others
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