Global Cargo Drone Market Size, Trends, and Growth Opportunity, By Solution (Platform, Software, Infrastructure), By Range (Close-Range, Short-Range, Mid-Range, Long-Range), By Payload (10-49 Kg, 50-149 Kg, 150-249 Kg, 250-499 Kg, 500-999Kg, and above 1000 Kg), By End- User (Retail, Healthcare, Agriculture, Defense, and Maritime), By Region and Forecast to 2030.
Global Cargo Drone Market
The Global Cargo Drone Market was valued at USD 1.5 billion in 2022 and is expected to expand to USD 10.5 billion by 2030, at a CAGR of 22.50% during the forecast period 2023-2030.
An unmanned aerial vehicle (UAV) or cargo drone commonly known as a drone, can deliver small packages. They typically have 4 - 8 propellers, attach packages below their bodies to create thrust, and have rechargeable batteries. Drones can be controlled independently or remotely the individual can control numerous drones at once.
Cargo drone comes in small, mid, and large sizes, with different performance capabilities such as regarding maximum payload and range. It provides safe, automated aerial transport of heavy materials to virtually any location.
Market Drivers
The increasing demand for cargo drone for logistics & transportation minimizes urban traffic and CO2 emissions, speed-up delivery services, reaches difficult places and operates continuously without the need for shift work. Compared to the traditional method, the use of cargo drone in logistics & transportation can change the economics for small & medium-sized goods. These factors propel the growth of the global cargo drone market.
Furthermore, the service providers offer users the drone-as-a-service (DaaS) model which is more accessible, allowing for business growth and the creation of new revenue streams.
Market Restraints
Uncertainty in regulations and clear guidelines on the safe & practical flight of drones over people & their homes, cybersecurity issues related to drones, and short flying duration are the factors that hamper the growth of the global cargo drone market.
Market Segmentation
The global cargo drone market is segmented into solution, range, payload, end-user, and region.
Based on the solution, the global cargo drone market is segmented into platform, software, and infrastructure.
Based on range, the global cargo drone market is segmented into close-range, short-range, mid-range, and long-range.
Based on payload, the global cargo drone market is segmented into 10-49 kg, 50-149 kg, 150-249 kg, 250-499 kg, 500-999kg, and above 1000 kg.
Based on the end- user, the global cargo drone market is segmented into retail, healthcare, agriculture, defense, maritime, and others.
Regional Analysis
The global cargo drone market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global drone logistics market in 2022. The region is technologically advanced and the adoption rate is higher. It has also witnessed significant growth in the use of enhanced drone technologies to reduce human labor and improve output quality in the logistics sector. Also, the presence of competitive e-commerce & FMCG sectors in the region further increases the contribution of North American countries in the drone cargo market.
Key Players
Various key players are discussed in the global cargo drone market report including; Airbus, Airspace Experience Technologies Inc., Arc Aerosystems, Bae Systems, Bell Textron Inc., Dronamics, Drone Delivery Canada Corp., Dufour Aerospace, Ehang, Elroy Air, Flying Basket, and Others.
For instance, in November 2021, Drone Delivery Canada tested their 1st newest sparrow unmanned aerial system which was accomplished successfully. The drone's propulsion system, next-generation smart battery system, communications with the flyte management system, and its onboard sensors were all tested.
Market Taxonomy
By Solution
• Platform
• Software
• Infrastructure
By Range
• Close-Range
• Short-Range
• Mid-Range
• Long-Range
By Payload
• 10-49 Kg
• 50-149 Kg
• 150-249 Kg
• 250-499 Kg
• 500-999Kg
• above 1000 Kg
By End-User
• Retail
• Healthcare
• Agriculture
• Defense
• Maritime
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Cargo Drone Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cargo Drone Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due to Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post-Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cargo Drone Market, By Solution
5.1 Y-o-Y Growth Comparison, By Solution
5.2 Global Cargo Drone Market Share Analysis, By Solution
5.3 Global Cargo Drone Market Size and Forecast, By Solution
5.3.1 Platform
5.3.2 Software
5.3.3 Infrastructure
6 Global Cargo Drone Market, By Range
6.1 Y-o-Y Growth Comparison, By Range
6.2 Global Cargo Drone Market Share Analysis, By Range
6.3 Global Cargo Drone Market Size and Forecast, By Range
6.3.1 Close-Range
6.3.2 Short-Range
6.3.3 Mid-Range
6.3.4 Long-Range
7 Global Cargo Drone Market, By Payload
7.1 Y-o-Y Growth Comparison, By Payload
7.2 Global Cargo Drone Market Share Analysis, By Payload
7.3 Global Cargo Drone Market Size and Forecast, By Payload
7.3.1 10-49 Kg
7.3.2 50-149 Kg
7.3.3 150-249 Kg
7.3.4 250-499 Kg
7.3.5 500-999Kg
7.3.6 above 1000 Kg
8 Global Cargo Drone Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Cargo Drone Market Share Analysis, By End User
8.3 Global Cargo Drone Market Size and Forecast, By End User
8.3.1 Retail
8.3.2 Healthcare
8.3.3 Agriculture
8.3.4 Defense
8.3.5 Maritime
8.3.6 Others
9 Global Cargo Drone Market, By Region
9.1 Global Cargo Drone Market Share Analysis, By Region
9.2 Global Cargo Drone Market Share Analysis, By Region
9.3 Global Cargo Drone Market Size and Forecast, By Region
10 North America Cargo Drone Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Cargo Drone Market Share Analysis, By Solution
10.3 North America Cargo Drone Market Size and Forecast, By Range
10.4 North America Cargo Drone Market Size and Forecast, By Payload
10.5 North America Cargo Drone Market Size and Forecast, By End User
10.6 North America Cargo Drone Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Cargo Drone Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Cargo Drone Market Share Analysis, By Solution
11.3 Europe Cargo Drone Market Size and Forecast, By Range
11.4 Europe Cargo Drone Market Size and Forecast, By Payload
11.5 Europe Cargo Drone Market Size and Forecast, By End User
11.5 Europe Cargo Drone Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Cargo Drone Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Cargo Drone Market Share Analysis, By Solution
12.3 Asia Pacific Cargo Drone Market Size and Forecast, By Range
12.4 Asia Pacific Cargo Drone Market Size and Forecast, By Payload
12.5 Asia Pacific Cargo Drone Market Size and Forecast, By End User
12.6 Asia Pacific Cargo Drone Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Cargo Drone Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Cargo Drone Market Share Analysis, By Solution
13.3 Latin America Cargo Drone Market Size and Forecast, By Range
13.4 Latin America Cargo Drone Market Size and Forecast, By Payload
13.5 Latin America Cargo Drone Market Size and Forecast, By End User
13.6 Latin America Cargo Drone Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Cargo Drone Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Cargo Drone Market Share Analysis, By Solution
14.3 Middle East Cargo Drone Market Size and Forecast, By Range
14.4 Middle East Cargo Drone Market Size and Forecast, By Payload
14.5 Middle East Cargo Drone Market Size and Forecast, By End User
14.6 Middle East Cargo Drone Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market Share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Airbus
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Airspace Experience Technologies Inc.
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Arc Aerosystems
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Bae Systems
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Bell Textron Inc.
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Dronamics
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Drone Delivery Canada Corp.
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Dufour Aerospace
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Ehang
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Elroy Air
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
