Cargo Drones Market Size & Insights
According to MarkNtel Advisors study The future of 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.
What are the Key Driver in the Cargo Drones Market?
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.
What are the Key Segments in the Cargo Drones Market?
The Cargo Drones is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- 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
- 0.5- 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
As the cargo drone industry is in its nascent stage driven by the R&D, the small payload capacity drone captured the highest market share. However, the market is undergoing a transition with the emergence of new application areas. In 2024, cargo drones with a payload capacity of up to 150 kg dominated the market.
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- 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
How does geographical analysis highlight in the Cargo Drones market?
- By Country
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
In 2023, North America had the highest market share in the global cargo drones market driven by the growing. The usage of cargo drones is in the trial phase by the US Navy. In 2023 the US Air Force has already contracted a local cargo drone manufacturer Viz.
Who are the Key Players in Cargo Drones Market?
- 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
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Cargo Drones Market News
2024: Dronamics raised USD11 million from the European Innovation Council (EIC). The purpose of the fundraise was to launch its commercial operations
2024: FAA approval was granted to Amazon by the Government of the United States for its cargo drones’ beyond-visual-line-of-sight (BVLOS) flights in the state of Texas
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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