Global Cargo Drones Market Size 2024, Forecast To 2033
6 Mar, 2024
The cargo drones market size has experienced exponential growth, surging from $1.31 billion in 2023 to $1.76 billion in 2024 at a compound annual growth rate (CAGR) of 34.7%. The growth in the historic period is attributed to regulatory support, cost efficiency, increased environmental concerns, last-mile delivery demand, and emergency response. Forecasts predict continued exponential growth, with the market expected to escalate to $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 34.6%. This growth is propelled by global supply chain optimization, e-commerce growth, infrastructure development, payload capacity improvement, partnerships, and collaborations, along with customization for specific industries. Major trends in the forecast period include collaboration with e-commerce platforms, expansion of urban air mobility, remote healthcare and emergency services, and enhanced safety features.
Global Cargo Drones Market Key Driver
The cargo drone market is anticipated to experience significant growth, fueled by the increasing acceptance of commercial drones worldwide. Commercial drones, designed for business and income-generating purposes, offer versatility and functionality for a variety of tasks. The burgeoning adoption of commercial drones augments the demand for cargo drones tailored for transporting goods and materials. For instance, according to reports from the Federal Aviation Administration, as of January 2023, 871,000 drones were registered, with 307,000 certified remote pilots in the United States alone. Thus, the growing acceptance of commercial drones drives the expansion of the cargo drone market.
Get A Free Sample Of The Global Cargo Drones Market ReportGlobal Cargo Drones Market Segments
The cargo drones market covered in this report is segmented –
1) By Type: Fixed-Wing, Rotary-Wing
2) By Solution: Platform, Software, Infrastructure
3) By Payload: 10-49 Kg, 50-149 Kg, 150-249 Kg, 250-499 Kg, 500-999Kg, Above 1000 Kg
4) By Range: Close Range, Short Range, Mid Range, Long Range
5) By End User: Retail, Healthcare, Agriculture, Defense, Maritime, Other End Users
By Geography:The regions covered in the cargo drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the global cargo drone market size in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the cargo drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Cargo Drones Industry Players
Guangzhou EHang Intelligent Technology Co Ltd., Airbus SE, ARC Aerosystems Ltd., BAE Systems plc, Bell Textron Inc., Dronamics Ltd, Parrot Drones SAS, Xiaomi Corporation, AeroVironment Inc., 3D Robotics Inc., Insitu Inc., Airspace Experience Technologies Inc., Drone Delivery Canada Corp, Dufour Aerospace Inc., Elroy Air, Kaman Corporation, Pipistrel doo Ajdovšcina, Sabrewing Aircraft Company, Natilus, Silent Arrow, Flying Basket Srl, H3 Dynamics Pte Ltd, Phoenix Wings GmbH, Gadfin Aero-Logistics Systems, Steadicopter, Amazon Prime Air, Flytrex Inc., Wing Aviation LLC, UPS Flight Forward Inc., Wingcopter GmbH, Wingtra Inc., Zipline International Inc., Volansi Inc., Matternet Inc., Skycart Inc., Flirtey Inc.
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Cargo Drones Market Overview
A cargo drone is an unmanned aircraft that can transport a load to the intended location. A cargo drone transports industrial items or supplies to a predetermined delivery hub inside the company's buildings, at an adjoining warehouse, or inside a warehouse.
Cargo Drones Global Market Report 2023 provides data on the global cargo drones market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cargo drones market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.