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Cargo Drones Market

Cargo Drones Market Size, Share & Trends Analysis Report By Solution (Platform, Software, Infrastructure), Industry (Retail, Healthcare, Agriculture, Defense and Maritime), Range (Close-Range, Short-Range, Mid-Range, Long-Range), Payload, Type, By Region, And Segment Forecasts, 2023-2031

Report ID : 1722 | Published : 2024-03-19 | Pages: 180 | Format: PDF/EXCEL

The Global Cargo Drones Market Size is valued at 694.51 million in 2022 and is predicted to reach 11.49 billion by the year 2031 at a 36.78% CAGR during the forecast period for 2023-2031.

Drones are increasingly often employed in logistics management and transportation due to the quick evolution of technology. Many companies worldwide are using drones to handle their supply chain management systems. Drones are used for various purposes, including crop inspections, land surveying, mining activities, etc. Additionally, buyers are willing to pay more to have products delivered on the same day, suggesting growth in demand for quicker and more cost-effective delivery, especially in the e-commerce sector. The use and acceptance of drones in logistics and transportation will probably expand due to this demand.

Cargo Drones Market

Furthermore, drones for logistics and transportation are undergoing significant testing in several industries, including postal delivery, health insurance, the transfer of pharmaceuticals, including drugs, blood, organs, and machinery, as well as e-commerce, delivery services, and food delivery. This indicates that distribution using drones should cost 60% less. Drones are also simpler to control than ground-based vehicles as a fleet. 

Recent Developments:

  • In November 2021, Drone Delivery Canada (DDC) reported that the first test of their newest Sparrow unmanned aerial system was completed successfully (UAS). The drone's propulsion system, communications with the Flyte management system, next-generation smart battery system, and its onboard sensors were all tested.
  • Flytrex got FAA clearance for drone delivery and flight over humans in May 2021, enabling the business to increase retail drone delivery services in Fayetteville, North Carolina (United States). 

Competitive Landscape:

Some of the Cargo Drones market players are:

  • Airbus
  • Airspace Experience Technologies Inc.
  • Arc Aerosystems
  • Bae Systems
  • Bell Textron Inc.
  • Dronamics
  • Drone Delivery Canada Corp.
  • Dufour Aerospace
  • Ehang
  • Elroy Air
  • Flying Basket
  • Gadfin
  • H3 Dynamics
  • Kaman Corporation
  • Natilus
  • Phoenix Wings
  • Pipistrel
  • Sabrewing Aircraft Company
  • Silent Arrow
  • Singular Aircraft
  • Skyports Infrastructure Limited
  • Steadicopter
  • The Boeing Company
  • Uavos Inc.
  • Volocopter Gmbh 

Market Segmentation:

The Cargo Drones market is segmented by solution, industry, range, payload, and type. Based on the solution, the demand is segmented as platform, software, and infrastructure. By industry, the market is segmented into retail, healthcare, agriculture, defense, and maritime. By payload, the market is segmented as 10-49 Kg, 50-149 Kg, 150-249 Kg, 250-499 Kg, 500-999Kg, and above 1000 Kg. Based on range, the market is segmented as close-range, short-range, mid-range, and long-range. By type, the market is divided into fixed-wing, rotary-wing, and hybrid.

Based On Industry Type, The Retail Segment Is Accounted As A Significant Contributor In The Cargo Drones Market

The retail and logistics sectors currently dominate the market. This trend is anticipated to continue during the forecast period as more retailers, e-commerce companies, last-mile delivery services, shore-to-ship drone operations, and postal organisations demand drones to deliver parcels and packages. Major e-commerce corporations, local postal agencies, and local governments are introducing drone delivery services to reduce the effort required to deliver goods and parcels to far-flung islands, mountainous regions, and towns. For instance, in October 2021, Royal Postal finished testing autonomous UAV flights between Kirkwall and North Ronaldsay with Windracers Ltd. The test was a component of the Kirkwall Airport-based Sustainable Aviation Test Environment (SATE) initiative.

The Hybrid Drones Segment Witnessed Growth At A Rapid Rate

The term "hybrid flight" refers to the drones' ability to combine both VTOL (Vertical Takeoff and Landing) and traditional flight, also known as fixed-wing flight. These aeroplanes are far more adaptable than those of their rivals due to this feature.

The North America Cargo Drones Market Holds A Significant Revenue Share In The Region

The region with the highest growth is anticipated to be Asia-Pacific. The region's expansion of drone delivery operations is being fueled by the countries' shifting regulatory environments and growing public support for commercial drone operations. Due to expanding drone delivery operations by significant e-commerce companies such as JD.com and Alibaba Group, China is the largest market for delivery drones. The People's Republic of China's State Post Bureau recently released a new Standard for Express Delivery Service by Unmanned Aircraft (Standard), effective in January 2021. To enhance last-mile delivery and encourage the growth of intelligent aerial logistics in the urban air mobility (UAM) sector, EHang, JD.com, and ZTO Express established The Standard.

Cargo Drones Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 694.51 Mn

Revenue forecast in 2031

USD 11.49 Bn

Growth rate CAGR

CAGR of 36.78 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Solution, Industry, Range, Payload, And Type

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Flying Basket, Natilus, ARC Aerosystems, Dronamics, H3 Dynamics, Kaman Corporation, and Sabrewing Aircraft Company.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Cargo Drones Market Snapshot

Chapter 4. Global Cargo Drones Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Solution Estimates & Trend Analysis
5.1. by Solution & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Solution:

5.2.1. Platform
5.2.2. Software
5.2.3. Infrastructure

Chapter 6. Market Segmentation 2: by Payload Estimates & Trend Analysis
6.1. by Payload & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Payload:

6.2.1. 10-49 Kg
6.2.2. 50-149 Kg
6.2.3. 150-249 Kg
6.2.4. 250-499 Kg
6.2.5. 500-999 Kg
6.2.6. >1000 Kg

Chapter 7. Market Segmentation 3: by Range Estimates & Trend Analysis
7.1. by Range & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Range:

7.2.1. Close-Range (< 50 Kilometers)
7.2.2. Short-Range (50 To 149 Kilometers)
7.2.3. Mid-Range (150 To 650 Kilometers)
7.2.4. Long-Range (>650 Kilometers)

Chapter 8. Market Segmentation 4: by Type Estimates & Trend Analysis
8.1. by Type & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

8.2.1. Fixed-wing
8.2.2. Rotary-wing
8.2.3. Hybrid

Chapter 9. Market Segmentation 5: by Industry Estimates & Trend Analysis
9.1. by Industry & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Industry:

9.2.1. Retail
9.2.2. Healthcare
9.2.3. Agriculture
9.2.4. Defense
9.2.5. Maritime

Chapter 10. Cargo Drones Market Segmentation 6: Regional Estimates & Trend Analysis

10.1. North America

10.1.1. North America Cargo Drones Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2023-2031
10.1.2. North America Cargo Drones Market Revenue (US$ Million) Estimates and Forecasts by Payload, 2023-2031
10.1.3. North America Cargo Drones Market revenue (US$ Million) by Range, 2023-2031
10.1.4. North America Cargo Drones Market revenue (US$ Million) by Type, 2023-2031
10.1.5. North America Cargo Drones Market revenue (US$ Million) by Industry, 2023-2031
10.1.6. North America Cargo Drones Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

10.2. Europe

10.2.1. Europe Cargo Drones Market revenue (US$ Million) by Solution, 2023-2031
10.2.2. Europe Cargo Drones Market revenue (US$ Million) by Payload, 2023-2031
10.2.3. Europe Cargo Drones Market revenue (US$ Million) by Range, 2023-2031
10.2.4. Europe Cargo Drones Market revenue (US$ Million) by Type, 2023-2031
10.2.5. Europe Cargo Drones Market revenue (US$ Million) by Industry, 2023-2031
10.2.6. Europe Cargo Drones Market revenue (US$ Million) by country, 2023-2031

10.3. Asia Pacific

10.3.1. Asia Pacific Cargo Drones Market revenue (US$ Million) by Solution, 2023-2031
10.3.2. Asia Pacific Cargo Drones Market revenue (US$ Million) by Payload, 2023-2031
10.3.3. Asia-Pacific Cargo Drones Market revenue (US$ Million) by Range, 2023-2031
10.3.4. Asia Pacific Cargo Drones Market revenue (US$ Million) by Type, 2023-2031
10.3.5. Asia Pacific Cargo Drones Market revenue (US$ Million) by Industry, 2023-2031
10.3.6. Asia Pacific Cargo Drones Market revenue (US$ Million) by country, 2023-2031

10.4. Latin America

10.4.1. Latin America Cargo Drones Market revenue (US$ Million) by Solution, 2023-2031
10.4.2. Latin America Cargo Drones Market revenue (US$ Million) by Payload, 2023-2031
10.4.3. Latin America Cargo Drones Market revenue (US$ Million) by Range, 2023-2031
10.4.4. Latin America Cargo Drones Market revenue (US$ Million) by Type, 2023-2031
10.4.5. Latin America Cargo Drones Market revenue (US$ Million) by Industry, 2023-2031
10.4.6. Latin America Cargo Drones Market revenue (US$ Million) by country, 2023-2031

10.5. Middle East & Africa

10.5.1. Middle East & Africa Cargo Drones Market revenue (US$ Million) by Solution, 2023-2031
10.5.2. Middle East & Africa Cargo Drones Market revenue (US$ Million) by Payload, 2023-2031
10.5.3. Middle East & Africa Cargo Drones Market revenue (US$ Million) by Range, 2023-2031
10.5.4. Middle East & Africa Cargo Drones Market revenue (US$ Million) by Type, 2023-2031
10.5.5. Middle East & Africa Cargo Drones Market revenue (US$ Million) by Industry, 2023-2031
10.5.6. Middle East & Africa Cargo Drones Market revenue (US$ Million) by country, 2023-2031

Chapter 11. Competitive Landscape

11.1. Major Mergers and Acquisitions/Strategic Alliances

11.2. Company Profiles

11.2.1. Natilus
11.2.2. Dronamics
11.2.3. Silent Arrow
11.2.4. Sabrewing Aircraft Company
11.2.5. Elroy Air
11.2.6. Volocopter Gmbh
11.2.7. Dufour Aerospace
11.2.8. The Boeing Company
11.2.9. Airbus
11.2.10. Pipistrel
11.2.11. Ehang
11.2.12. Bell Textron Inc.
11.2.13. Kaman Corporation
11.2.14. Bae Systems
11.2.15. Drone Delivery Canada Corp.
11.2.16. Flying Basket
11.2.17. Arc Aerosystems
11.2.18. H3 Dynamics
11.2.19. Gadfin
11.2.20. Skyports Infrastructure Limited
11.2.21. Steadicopter
11.2.22. Singular Aircraft
11.2.23. Phoenix Wings
11.2.24. Airspace Experience Technologies Inc.
11.2.25. Uavos Inc.
11.2.26. Other Prominent Players

Segmentation of Cargo Drones Market-

Cargo Drones Market By Solution-

  • Platform
  • Software
  • Infrastructure

Cargo Drones Market

Cargo Drones Market By Payload-

  • 10-49 Kg,
  • 50-149 Kg,
  • 150-249 Kg,
  • 250-499 Kg,
  • 500-999Kg,
  • Above 1000 Kg

Cargo Drones Market By Type-

  • Fixed wing
  • Rotary wing
  • Hybrid

Cargo Drones Market By Industry-

  • Retail
  • Healthcare
  • Agriculture
  • Defense
  • Maritime

Cargo Drones Market By Range-

  • Close range
  • Short range
  • Mid-range
  • Long range

Cargo Drones Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Cargo Drones Market?

Cargo Drones Market expected to grow at a 36.78% CAGR during the forecast period for 2023-2031

Flying Basket, Natilus, ARC Aerosystems, Dronamics, H3 Dynamics, Kaman Corporation, and Sabrewing Aircraft Company.

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