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proxdynamics.com

Founded Year

2007

Stage

Acquired | Acquired

Valuation

$0000 

About Prox Dynamics

Prox Dynamics is a developer and manufacturer of nano-class unmanned aerial systems (UAS) for military and para-military intelligence, surveillance, and reconnaissance applications.

Prox Dynamics Headquarters Location

Nye Vakaas vei 56

Hvalstad, NO-1395,

Norway

+47 66 77 91 00

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Research containing Prox Dynamics

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Prox Dynamics in 1 CB Insights research brief, most recently on Jan 9, 2020.

Expert Collections containing Prox Dynamics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Prox Dynamics is included in 1 Expert Collection, including Robotics.

R

Robotics

1,974 items

This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.

Prox Dynamics Patents

Prox Dynamics has filed 9 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/20/2016

8/13/2019

Autogyros, Aerodynamics, Aircraft configurations, Helicopter components, Military helicopters

Grant

Application Date

1/20/2016

Grant Date

8/13/2019

Title

Related Topics

Autogyros, Aerodynamics, Aircraft configurations, Helicopter components, Military helicopters

Status

Grant

Latest Prox Dynamics News

Nano Drones Global Market Report 2022

Mar 1, 2022

Major players in the nano drones market are 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. March 01, 2022 03:36 ET Lyon, FRANCE New York, March 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Nano Drones Global Market Report 2022" - https://www.reportlinker.com/p06241269/?utm_source=GNW , BAE Systems, The Boeing Company, Thales Group and Textron. The global nano drones market is expected to decline from $986.12 million in 2021 to $1,250.40 million in 2022 at a compound annual growth rate (CAGR) of 26.8%. The change in 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 market is expected to reach $3,232.41 million in 2025 at a CAGR of 26.8%. 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. The main types of nano drones are fixed-wing nano drones, rotor nano drones, flapping-wing nano drones, and others.Fixed-wing nano drones are used for ISR missions, surveying and mapping, search and rescue, and other aerial applications. The different payloads of nano drones include cameras, control systems, tracking systems, others and are used by various end-users such as consumers, military or law enforcement, and others. North America was the largest region in the nano drones market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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). The growing technological advancements are shaping the nano-drones market.In recent years, nano-drone technology has advanced intensely, allowing them to fly faster and deeper than ever before, as well as carry out complex surveillance missions. For instance, in December 2020, BAE Systems, a UK-based aerospace company in collaboration with UAVTEK, a UK-based drone manufacturer developed a super lightweight bug drone based on nanotechnology.The bug is a nano-unmanned aerial vehicle (UAV) that weighs 196g, about the same as a smartphone, has a 40-minute battery life, and a range of 2 kilometers. During a recent Army Warfighting Experiment (AWE) program conducted by the Ministry of Defence’s Future Capability Unit, it was the only nano-UAV capable of surviving the harsh weather. In January 2019, FLIR Systems, a US-based commercial company specializing in the design and production of thermal imaging cameras, components, and imaging sensors acquired Aeryon Labs for $200 million.This acquisition expands FLIR’s unmanned system solutions with advanced airframes, sensors, and flight management software for government and defense customers. The contract also includes the deployment of the firm’s FLIR Black Hornet 3 nano-unmanned drone to support operations by the French Armed Forces. Aeryon Labs is a Canadian developer and manufacturer of miniature unmanned aerial vehicles. The countries covered in the nano drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

  • When was Prox Dynamics founded?

    Prox Dynamics was founded in 2007.

  • Where is Prox Dynamics's headquarters?

    Prox Dynamics's headquarters is located at Nye Vakaas vei 56, Hvalstad.

  • What is Prox Dynamics's latest funding round?

    Prox Dynamics's latest funding round is Acquired.

  • Who are the investors of Prox Dynamics?

    Investors of Prox Dynamics include FLIR Systems.

  • Who are Prox Dynamics's competitors?

    Competitors of Prox Dynamics include Shield AI.

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