A Quick Overview of Cargo Drones Market
The key object of this report on the Cargo Drones Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Cargo Drones Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Cargo Drones Market Scenario:
The Global Cargo Drones Market size was valued at USD 1.78 Billion in 2024 and is projected to reach USD 9.35 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 36% during the forecast period, i.e., 2025-30. The growth of the market is primarily attributed to the growing concerns regarding carbon emission, cost optimization in freight forwarding, and the growing need for integrating next-generation solutions in logistics. etc. In 2023, the global cargo drone market size was estimated to be around USD 891 million.
Cargo drones fulfilled more than 900,000 deliveries across the globe in 2023. And, the total deliveries are expected to exceed 1.2 billion by 2030. The industry is expected to soar in the forthcoming years owing to the growing demand from e-commerce, logistics, agriculture, healthcare, construction, postal services, etc. In 2024, the companies manufacturing cargo drones have a large order book expected to be executed in the coming years. It is expected the delivery of the orders will start in mid of 2025 or early 2026. Amid, the rising deployment of cargo drones from diverse sectors, venture capital funding is also on the rise.
Cargo Drones Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:
Market Driver - Global Efforts on Reducing Carbon Emission from the Transportation Industry
The global transportation industry has been facing the headwinds of numerous multinational institutions to reduce their carbon footprints. The aviation industry is one of the major contributors of the Chloroflouro carbons, while trucks used for transportation are contributing immensely to the emission of carbon. Therefore, cargo drones are emerging as another dimension to greener and faster modes of transportation. According to the research conducted by Carnegie Mellon University and SRI International, the carbon emission by a truck per package was around 1 kg in the US in 2023.
However, package delivery through a cargo drone roughly generated 54% less carbon. Moreover, it has been found that cargo drones could minimize energy consumption by 90% and Greenhouse gas emissions by more than 30%. Therefore, the companies such as Amazon, UPS, DHL, Google, etc., are increasingly working with cargo drone manufacturers to gradually integrate drone-based logistics solutions.
Cargo Drones Market Segmentation Analysis:
Cargo Drones Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Solution
- Platform- Market Size & Forecast 2020-2030, USD Million
- Software- Market Size & Forecast 2020-2030, USD Million
- Infrastructure- Market Size & Forecast 2020-2030, USD Million
By Propulsion
- Gasoline-powered- Market Size & Forecast 2020-2030, USD Million
- Electric- Market Size & Forecast 2020-2030, USD Million
- Hybrid- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
By Product Type
- Fixed-wing- Market Size & Forecast 2020-2030, USD Million
- Rotary-wing- Market Size & Forecast 2020-2030, USD Million
- Hybrid- Market Size & Forecast 2020-2030, USD Million
By Payload
- 5- 10 Kg- Market Size & Forecast 2020-2030, USD Million
- 11-50 Kg- Market Size & Forecast 2020-2030, USD Million
- 51-150 Kg- Market Size & Forecast 2020-2030, USD Million
- 151-250 Kg- Market Size & Forecast 2020-2030, USD Million
- 251-500 Kg- Market Size & Forecast 2020-2030, USD Million
- 501-750 Kg- Market Size & Forecast 2020-2030, USD Million
- >Above 750 Kg- Market Size & Forecast 2020-2030, USD Million
By Range
- Close-range (< 10 Km)- Market Size & Forecast 2020-2030, USD Million
- Short-range (11 to 50 Km) - Market Size & Forecast 2020-2030, USD Million
- Mid-range (51 to 300 Km) - Market Size & Forecast 2020-2030, USD Million
- Long-range (>300 Km) - Market Size & Forecast 2020-2030, USD Million
By End User
- Retail- Market Size & Forecast 2020-2030, USD Million
- Healthcare- Market Size & Forecast 2020-2030, USD Million
- Agriculture- Market Size & Forecast 2020-2030, USD Million
- Defense- Market Size & Forecast 2020-2030, USD Million
- Maritime- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Who are the Key Market Players in the Cargo Drones Market?
In the fast-changing Cargo Drones Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Cargo Drones market ruling the industry are:
List of Key Companies Profiled:
- Dronamics
- UAVOS Inc.
- NATILUS
- Silent Arrow
- Volocopter GmbH
- Ehang Holdings Ltd.
- Elroy Air
- ARC Aerosystems
- Pipistrel
- The Boeing Company
- Airbus
- Singular Aircraft
- SkyDrive Inc.
- Sabrewing Aircraft Company
- Aviation Industry Corp
- Others.
Global Cargo Drones Recent Development:
- 2024: Dronamics raised USD11 million from the European Innovation Council (EIC). The purpose of the fundraise was to launch its commercial operations.
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