Table of Content

1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 34
1.3 INCLUSIONS & EXCLUSIONS 34
TABLE 1 CARGO DRONES MARKET: INCLUSIONS & EXCLUSIONS 34
1.4 CURRENCY 34
1.5 USD EXCHANGE RATES 34
1.6 MARKET SCOPE 35
1.6.1 MARKETS COVERED 35
FIGURE 1 CARGO DRONES MARKET SEGMENTATION 35
1.6.2 REGIONAL SCOPE 35
1.6.3 YEARS CONSIDERED 36
1.7 LIMITATIONS 36
1.8 STAKEHOLDERS 37

2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 2 RESEARCH PROCESS FLOW 38
FIGURE 3 RESEARCH DESIGN 39
2.1.1 SECONDARY DATA 39
2.1.1.1 Key data from secondary sources 40
2.1.2 PRIMARY DATA 40
2.1.2.1 Key primary sources 40
2.1.2.2 Key data from primary sources 41
FIGURE 4 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION 41
2.2 FACTOR ANALYSIS 42
2.2.1 INTRODUCTION 42
2.2.2 DEMAND-SIDE INDICATORS 42
2.2.3 SUPPLY-SIDE INDICATORS 42
2.2.4 RECESSION IMPACT ANALYSIS 42
2.3 RESEARCH APPROACH AND METHODOLOGY 43
2.3.1 BOTTOM-UP APPROACH 43
2.3.1.1 Market size estimation & methodology 43
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.3.1.2 Regional split of cargo drones market 44
2.3.2 TOP-DOWN APPROACH 44
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
2.4 DATA TRIANGULATION 45
FIGURE 7 DATA TRIANGULATION 45
2.5 RESEARCH ASSUMPTIONS 46
2.6 LIMITATIONS 46

3 EXECUTIVE SUMMARY 47
FIGURE 8 SOFTWARE SOLUTIONS PROJECTED TO HAVE HIGHEST CAGR DURING FORECAST PERIOD 48
FIGURE 9 RETAIL INDUSTRY PROJECTED TO COMMAND LARGEST SHARE DURING FORECAST PERIOD 48
FIGURE 10 50–149 KG PAYLOAD SEGMENT PROJECTED TO GROW FASTEST DURING FORECAST PERIOD 49
FIGURE 11 NORTH AMERICA ACCOUNTED FOR DOMINANT MARKET SHARE IN 2021 49

4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN CARGO DRONES MARKET 51
FIGURE 12 SURGING DEMAND FOR SAME-DAY DELIVERY AND EMERGENCY SUPPLIES TO DRIVE THE CARGO DRONES MARKET 51
4.2 CARGO DRONES MARKET, BY RANGE 52
FIGURE 13 CLOSE-RANGE SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD 52
4.3 CARGO DRONES MARKET, BY TYPE 52
FIGURE 14 ROTARY-WING SEGMENT TO HOLD LEADING SHARE DURING FORECAST PERIOD 52
4.4 NORTH AMERICA CARGO DRONES MARKET, BY SOLUTION 53
FIGURE 15 PLATFORM SEGMENT TO HOLD LEADING SHARE DURING FORECAST PERIOD 53
4.5 CARGO DRONES MARKET, BY COUNTRY 53
FIGURE 16 MARKET IN FRANCE PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53

5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 17 CARGO DRONES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.2.1 DRIVERS 55
5.2.1.1 Demand for more efficient, cost-effective, and faster movement of shipments 55
5.2.1.2 Increasing investments in cargo drones 56
FIGURE 18 INVESTMENT IN DRONE INDUSTRY (USD MILLION) (2011–2021) 56
5.2.1.3 Reduction in CO2 emissions and carbon footprint 56
5.2.1.4 Reducing prices of drone components 57
FIGURE 19 DURABILITY ADJUSTED COST OF AN 80-KWNET PEM FUEL CELL SYSTEM BASED ON PROJECTION TO HIGH VOLUME MANUFACTURING AT 100,000 UNITS/YEAR 57
FIGURE 20 DECREASE IN COST OF IOT SENSORS, 2004–2020 58
5.2.2 RESTRAINTS 58
5.2.2.1 Dearth of skilled & trained drone operators 58
5.2.2.2 Growing concerns over cybersecurity 58
5.2.2.3 Drone safety and security-related issues 59
5.2.2.4 Uncertainty in regulations 60
5.2.3 OPPORTUNITIES 60
5.2.3.1 Increasing B2B middle-mile logistics 60
5.2.3.2 Different value chain levels for vendors 61
5.2.3.3 Increased use in military operations 61
5.2.3.4 Smart city initiatives 61
5.2.4 CHALLENGES 62
5.2.4.1 Restrictions on commercial use of drones in various countries 62
TABLE 2 RESTRICTIONS ON USE OF DRONES/UAVS IN VARIOUS COUNTRIES 62
5.2.4.2 Complexity in implementation of ground infrastructure 62
5.2.4.3 Lack of UTM infrastructure for cargo drones 63
5.2.4.4 Sudden changes in weather conditions 64
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 64
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR CARGO DRONES MARKET 64
FIGURE 21 REVENUE SHIFT IN CARGO DRONES MARKET 65
5.4 ANALYSIS OF RECESSION IMPACT ON MARKET 65
5.5 CARGO DRONES MARKET ECOSYSTEM 66
5.5.1 PROMINENT COMPANIES 66
5.5.2 PRIVATE AND SMALL ENTERPRISES 66
5.5.3 STARTUPS 66
5.5.4 END USERS 66
FIGURE 22 CARGO DRONES MARKET ECOSYSTEM MAP 67
TABLE 3 CARGO DRONES MARKET ECOSYSTEM 67
5.6 TECHNOLOGY ANALYSIS 68
5.6.1 LIDAR TECHNOLOGY 68
5.6.2 AUTOPILOT SYSTEMS 69
5.6.3 SENSE & AVOID TECHNOLOGY 69
5.7 USE CASE ANALYSIS 70
5.7.1 MID-AIR BATTERY SWAPPING IN CARGO DRONES 70
TABLE 4 AERO TEAM EINDHOVEN WORKS TO SWAP BATTERIES OF CARGO DRONES IN MID-AIR 70
5.7.2 REGULATORS APPROVE BRAZIL’S FIRST DRONE DELIVERY OPERATIONS 70
TABLE 5 SPEEDBIRD AERO RECEIVES APPROVAL TO OPERATE DELIVERY DRONE FLIGHTS IN BRAZIL 70
5.7.3 IBM PATENTS MID-AIR DRONE-TO-DRONE CARGO TRANSFER SYSTEM 71
TABLE 6 MID-AIR TRANSFER OF CARGO FROM ONE DRONE TO ANOTHER 71
5.7.4 MEXICO-BASED LOGISTICS COMPANY USES DRONES TO DELIVER MEDICAL ESSENTIALS 71
TABLE 7 SINCRONIA LOGISTICA DEPLOYS DRONES TO DELIVER PROTECTIVE GEAR TO HEALTHCARE WORKERS 71
5.7.5 CARGO DRONE FIELD TESTS IN AMAZON FOREST IN PERU 72
TABLE 8 FIELD TESTS USING CARGO DRONES TO DELIVER VACCINES AND BLOOD SAMPLES TO COMMUNITIES IN AMAZON FOREST 72
5.8 VALUE CHAIN ANALYSIS OF CARGO DRONES MARKET 73
FIGURE 23 VALUE CHAIN ANALYSIS 73
5.9 PRICING ANALYSIS 74
5.9.1 AVERAGE SELLING PRICE, BY PAYLOAD 74
FIGURE 24 AVERAGE SELLING PRICE OF CARGO DRONES, 2022 74
5.10 VOLUME DATA OF CARGO DRONES 75
TABLE 9 CARGO DRONES MARKET: VOLUME DATA (UNITS) 75
5.11 PORTER’S FIVE FORCES ANALYSIS 75
TABLE 10 CARGO DRONES MARKET: PORTER’S FIVE FORCES ANALYSIS 75
FIGURE 25 CARGO DRONES MARKET: PORTER’S FIVE FORCES ANALYSIS 76
5.11.1 THREAT OF NEW ENTRANTS 76
5.11.2 THREAT OF SUBSTITUTES 77
5.11.3 BARGAINING POWER OF SUPPLIERS 77
5.11.4 BARGAINING POWER OF BUYERS 77
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 77
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 78
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 78
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS 78
TABLE 11 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOLUTIONS (%) 78
5.12.2 BUYING CRITERIA 78
FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS 78
TABLE 12 KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS 79
5.13 TARIFF AND REGULATORY LANDSCAPE 79
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 16 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 17 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 18 DRONE REGULATION AND APPROVAL FOR COMMERCIAL SECTOR, BY COUNTRY 82
5.13.2 NORTH AMERICA 84
5.13.2.1 US 84
TABLE 19 US: FAA RULES AND GUIDELINES FOR OPERATION OF DRONES 84
5.13.2.2 Canada 85
TABLE 20 CANADA: RULES AND GUIDELINES FOR OPERATION OF DRONES 85
5.13.3 EUROPE 85
5.13.3.1 UK 85
TABLE 21 UK: CAA RULES AND GUIDELINES FOR OPERATION OF DRONES 85
5.13.3.2 Germany 86
TABLE 22 GERMANY: RULES AND GUIDELINES FOR OPERATION OF DRONES 86
5.13.3.3 France 87
TABLE 23 FRANCE: RULES AND GUIDELINES FOR OPERATION OF DRONES 87
TABLE 24 DRONE REGULATIONS, BY COUNTRY 87
5.14 TRADE DATA ANALYSIS 88
TABLE 25 COUNTRY-WISE IMPORTS, 2020–2021 (USD THOUSAND) 88
TABLE 26 COUNTRY-WISE EXPORTS, 2020–2021 (USD THOUSAND) 88
5.15 KEY CONFERENCES & EVENTS IN 2023 89
TABLE 27 CARGO DRONES MARKET: CONFERENCES & EVENTS, 2023 89

6 INDUSTRY TRENDS 91
6.1 INTRODUCTION 91
6.2 TECHNOLOGY TRENDS 91
6.2.1 BLOCKCHAIN 91
6.2.2 CLOUD COMPUTING 92
6.2.3 WIRELESS CHARGING 92
6.2.4 AUTOMATED GROUND CONTROL STATIONS 93
6.2.5 INTERNET OF THINGS 93
6.2.6 COMPUTER VISION 93
6.2.7 MULTI-SENSOR DATA FUSION TECHNOLOGY 94
6.2.8 MACHINE LEARNING-POWERED ANALYTICS 94
6.2.9 5G TECHNOLOGY 94
6.2.10 GPS-DENIED SYSTEMS 95
6.2.11 HYDROGEN PROPULSION 95
6.2.12 ADDITIVE MANUFACTURING 96
6.2.13 ALGORITHMS AND ANALYTICS FOR DRONE DELIVERY 96
FIGURE 28 ALGORITHMS AND ANALYTICS FOR DRONE DELIVERY 96
6.2.14 DRONE INSURANCE 97
TABLE 28 TYPES OF INSURANCE COVERAGE OFFERED 97
TABLE 29 DRONE INSURANCE PROVIDERS 98
6.3 IMPACT OF MEGATRENDS 98
6.4 INNOVATIONS & PATENT REGISTRATIONS 99
TABLE 30 CARGO DRONES MARKET: KEY PATENTS (2019–2022) 100

7 CARGO DRONES MARKET, BY SOLUTION 102
7.1 INTRODUCTION 103
FIGURE 29 SOFTWARE TO BE FASTEST SEGMENT DURING FORECAST PERIOD 103
TABLE 31 CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 103
TABLE 32 CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 103
7.2 PLATFORM 104
7.2.1 AIRFRAME 104
7.2.1.1 e-commerce drives demand for high payload capacity airframe structures 104
7.2.2 AVIONICS 104
7.2.2.1 Offer advanced flight control and communications systems 104
7.2.3 PROPULSION 105
7.2.3.1 Use of electric power sources on the rise 105
7.2.4 SOFTWARE 105
7.2.4.1 Use across applications leads to development of industry-specific drone software 105
7.3 SOFTWARE 105
7.3.1 ROUTE PLANNING & OPTIMIZING 105
7.3.1.1 Innovation in route planning software to drive segment 105
7.3.2 INVENTORY MANAGEMENT 106
7.3.2.1 Need for efficiency in cargo drone services 106
7.3.3 LIVE TRACKING 106
7.3.3.1 Used to locate drones in real time to enable smooth operation 106
7.3.4 FLEET MANAGEMENT 106
7.3.4.1 Successful delivery requires sophisticated solutions 106
7.3.5 COMPUTER VISION 106
7.3.5.1 AI and deep learning-based software that analyzes drone operations 106
7.4 INFRASTRUCTURE 107
7.4.1 GROUND CONTROL STATIONS 107
7.4.1.1 Used for remote monitoring and route planning 107
7.4.2 CHARGING STATIONS 107
7.4.2.1 Wireless stations to increase range and efficiency 107
7.4.3 LANDING PADS 108
7.4.3.1 Used for docking drones 108
7.4.4 MICRO-FULFILLMENT CENTERS 108
7.4.4.1 Provide multiple benefits for drone operation 108

8 CARGO DRONES MARKET, BY PAYLOAD 109
8.1 INTRODUCTION 110
FIGURE 30 >1,000 KG SEGMENT TO HOLD MAJOR SHARE DURING FORECAST PERIOD 110
TABLE 33 CARGO DRONES MARKET, BY PAYLOAD, 2019–2021 (USD MILLION) 110
TABLE 34 CARGO DRONES MARKET, BY PAYLOAD, 2022–2030 (USD MILLION) 111
8.2 10–49 KG 111
8.2.1 RISING USAGE OF DRONES IN HEALTHCARE SECTOR 111
8.3 50–149 KG 111
8.3.1 WIDELY USED IN AGRICULTURAL SECTOR 111
8.4 150–249 KG 111
8.4.1 INCREASING DEMAND FROM E-COMMERCE 111
8.5 250–499 KG 112
8.5.1 GROWING USAGE OF DRONES IN MILITARY OPERATIONS 112
8.6 500–999 KG 112
8.6.1 INCREASING R&D BY CHINESE FIRMS 112
8.7 >1,000 KG 112
8.7.1 CARGO AIRCRAFT MANUFACTURING MARKET TO DRIVE SEGMENT 112

9 CARGO DRONES MARKET, BY INDUSTRY 113
9.1 INTRODUCTION 114
FIGURE 31 HEALTHCARE SEGMENT PROJECTED TO RECORD RAPID GROWTH DURING FORECAST PERIOD 114
TABLE 35 CARGO DRONES MARKET, BY INDUSTRY, 2019–2021 (USD MILLION) 114
TABLE 36 CARGO DRONES MARKET, BY INDUSTRY, 2022–2030 (USD MILLION) 115
9.2 RETAIL 115
9.2.1 SHIPPING COMPANIES TO DELIVER USING DRONES 115
9.3 HEALTHCARE 115
9.3.1 INCREASED USE OF MEDICAL DEVICES TO ADDRESS OUT-OF-HOSPITAL EMERGENCIES 115
9.4 AGRICULTURE 116
9.4.1 HIGH DEMAND FOR EFFECTIVE IRRIGATION USING DRONES 116
9.5 MARITIME 117
9.5.1 NEED FOR AUTONOMOUS SHIP-TO-SHIP AERIAL DELIVERY SERVICES FOR MILITARY APPLICATIONS 117
9.6 DEFENSE 117
9.6.1 DEMAND FOR PRECISE MATERIAL DELIVERY TO FRONTLINE SQUADS 117

10 CARGO DRONES MARKET, BY TYPE 118
10.1 INTRODUCTION 119
FIGURE 32 ROTARY-WING SEGMENT TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 119
TABLE 37 CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 119
TABLE 38 CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 119
10.2 FIXED-WING 120
10.2.1 BETTER STABILITY AND HIGH ENDURANCE TO DRIVE SEGMENT 120
10.3 HYBRID 120
10.3.1 EASY DEPLOYMENT, HIGH ENDURANCE, AND LARGE PAYLOAD CAPACITY TO BOOST SEGMENT 120
10.4 ROTARY-WING 120
10.4.1 DEMAND FOR EASY-TO-CONTROL AND ECONOMICAL DELIVERY DRONES TO FUEL GROWTH 120

11 CARGO DRONES MARKET, BY RANGE 121
11.1 INTRODUCTION 122
FIGURE 33 CLOSE-RANGE SEGMENT TO DOMINATE MARKET FROM 2022 TO 2030 122
TABLE 39 CARGO DRONES MARKET, BY RANGE, 2019–2021 (USD MILLION) 122
TABLE 40 CARGO DRONES MARKET, BY RANGE, 2022–2030 (USD MILLION) 123
11.2 CLOSE-RANGE 123
11.2.1 RISE IN DEMAND FOR LOGISTICS FUELS GROWTH 123
11.3 SHORT-RANGE 123
11.3.1 HELP REDUCE TIME REQUIRED TO COMPLETE AERIAL TASKS 123
11.4 MID-RANGE 124
11.4.1 CAPABLE OF INTERCITY CARGO TRANSPORT 124
11.5 LONG-RANGE 124
11.5.1 NEED FOR EMISSION REDUCTION TO BOOST SEGMENT 124

12 REGIONAL ANALYSIS 125
12.1 INTRODUCTION 126
12.2 RECESSION IMPACT ANALYSIS 126
FIGURE 34 RECESSION IMPACT ANALYSIS 126
TABLE 41 CARGO DRONES MARKET, BY REGION, 2019–2021 (USD MILLION) 127
TABLE 42 CARGO DRONES MARKET, BY REGION, 2022–2030 (USD MILLION) 127
12.3 NORTH AMERICA 127
FIGURE 35 NORTH AMERICA: CARGO DRONES MARKET SNAPSHOT 128
12.3.1 PESTLE ANALYSIS: NORTH AMERICA 128
TABLE 43 NORTH AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 129
TABLE 44 NORTH AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 129
TABLE 45 NORTH AMERICA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 130
TABLE 46 NORTH AMERICA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 130
TABLE 47 NORTH AMERICA: CARGO DRONES MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 130
TABLE 48 NORTH AMERICA: CARGO DRONES MARKET, BY COUNTRY,
2022–2030 (USD MILLION) 130
12.3.2 US 131
12.3.2.1 Presence of major delivery drone manufacturers 131
TABLE 49 US: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 131
TABLE 50 US: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 131
TABLE 51 US: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 131
TABLE 52 US: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 132
12.3.3 CANADA 132
12.3.3.1 Growing economy and presence of major players 132
TABLE 53 CANADA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 132
TABLE 54 CANADA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 132
TABLE 55 CANADA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 133
TABLE 56 CANADA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 133
12.4 EUROPE 134
FIGURE 36 EUROPE: CARGO DRONES MARKET SNAPSHOT 134
12.4.1 PESTLE ANALYSIS: EUROPE 135
TABLE 57 EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 137
TABLE 58 EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 137
TABLE 59 EUROPE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 137
TABLE 60 EUROPE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 137
TABLE 61 EUROPE: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 138
TABLE 62 EUROPE: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 138
12.4.2 UK 138
12.4.2.1 Developments by major technology players 138
TABLE 63 UK: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 139
TABLE 64 UK: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 139
TABLE 65 UK: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 139
TABLE 66 UK: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 139
12.4.3 GERMANY 140
12.4.3.1 Increasing demand for inter-site logistics 140
TABLE 67 GERMANY: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 140
TABLE 68 GERMANY: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 140
TABLE 69 GERMANY: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 140
TABLE 70 GERMANY: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 141
12.4.4 FRANCE 141
12.4.4.1 Growing use of drones in pharmaceutical sector 141
TABLE 71 FRANCE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 141
TABLE 72 FRANCE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 141
TABLE 73 FRANCE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 142
TABLE 74 FRANCE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 142
12.4.5 ITALY 142
12.4.5.1 High demand from healthcare sector 142
TABLE 75 ITALY: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 142
TABLE 76 ITALY: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 143
TABLE 77 ITALY: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 143
TABLE 78 ITALY: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 143
12.4.6 SWITZERLAND 143
12.4.6.1 Adoption of automated landing space and payload control towers 143
TABLE 79 SWITZERLAND: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 144
TABLE 80 SWITZERLAND: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 144
TABLE 81 SWITZERLAND: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 144
TABLE 82 SWITZERLAND: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 144
12.4.7 NORWAY 145
12.4.7.1 Part of projects such as Nordic Drone Initiative 145
TABLE 83 NORWAY: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 145
TABLE 84 NORWAY: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 145
TABLE 85 NORWAY: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 145
TABLE 86 NORWAY: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 146
12.4.8 SWEDEN 146
12.4.8.1 Drones used for transport of medical devices 146
TABLE 87 SWEDEN: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 146
TABLE 88 SWEDEN: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 146
TABLE 89 SWEDEN: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 147
TABLE 90 SWEDEN: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 147
12.4.9 REST OF EUROPE 147
12.4.9.1 Increasing demand from emergency services 147
TABLE 91 REST OF EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 147
TABLE 92 REST OF EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 148
TABLE 93 REST OF EUROPE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 148
TABLE 94 REST OF EUROPE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 148
12.5 ASIA PACIFIC 149
FIGURE 37 ASIA PACIFIC: CARGO DRONES MARKET SNAPSHOT 149
12.5.1 PESTLE ANALYSIS: ASIA PACIFIC 150
TABLE 95 ASIA PACIFIC: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 152
TABLE 96 ASIA PACIFIC: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 152
TABLE 97 ASIA PACIFIC: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 152
TABLE 98 ASIA PACIFIC: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 152
TABLE 99 ASIA PACIFIC: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 153
TABLE 100 ASIA PACIFIC: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 153
12.5.2 CHINA 153
12.5.2.1 Investments by tech players like JD.com, Meituan, and Alibaba 153
TABLE 101 CHINA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 154
TABLE 102 CHINA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 154
TABLE 103 CHINA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 154
TABLE 104 CHINA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 154
12.5.3 INDIA 155
12.5.3.1 Strong government push to promote domestic drone production 155
TABLE 105 INDIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 155
TABLE 106 INDIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 155
TABLE 107 INDIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 155
TABLE 108 INDIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 156
12.5.4 JAPAN 156
12.5.4.1 Increasing prevalence of drone delivery trials 156
TABLE 109 JAPAN: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 156
TABLE 110 JAPAN: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 156
TABLE 111 JAPAN: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 157
TABLE 112 JAPAN: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 157
12.5.5 AUSTRALIA 157
12.5.5.1 Government support and technological advancements 157
TABLE 113 AUSTRALIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 157
TABLE 114 AUSTRALIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 158
TABLE 115 AUSTRALIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 158
TABLE 116 AUSTRALIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 158
12.5.6 SOUTH KOREA 158
12.5.6.1 Increasing number of cargo drone manufacturers 158
TABLE 117 SOUTH KOREA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 159
TABLE 118 SOUTH KOREA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 159
TABLE 119 SOUTH KOREA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 159
TABLE 120 SOUTH KOREA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 160
12.5.7 NEW ZEALAND 160
12.5.7.1 Growing demand to assist emergency issues using drones 160
TABLE 121 NEW ZEALAND: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 160
TABLE 122 NEW ZEALAND: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 160
TABLE 123 NEW ZEALAND: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 161
TABLE 124 NEW ZEALAND: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 161
12.5.8 MALAYSIA 161
12.5.8.1 Use of drones for critical cargo delivery 161
TABLE 125 MALAYSIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 161
TABLE 126 MALAYSIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 162
TABLE 127 MALAYSIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 162
TABLE 128 MALAYSIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 162
12.5.9 SINGAPORE 162
12.5.9.1 Established regulatory framework for drones 162
TABLE 129 SINGAPORE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 163
TABLE 130 SINGAPORE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 163
TABLE 131 SINGAPORE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 163
TABLE 132 SINGAPORE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 163
12.6 MIDDLE EAST 164
FIGURE 38 MIDDLE EAST: CARGO DRONES MARKET SNAPSHOT 164
12.6.1 PESTLE ANALYSIS: MIDDLE EAST 165
TABLE 133 MIDDLE EAST: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 166
TABLE 134 MIDDLE EAST: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 166
TABLE 135 MIDDLE EAST: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 166
TABLE 136 MIDDLE EAST: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 167
TABLE 137 MIDDLE EAST: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 167
TABLE 138 MIDDLE EAST: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 167
12.6.2 UAE 167
12.6.2.1 Flexible drone regulations in country 167
TABLE 139 UAE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 168
TABLE 140 UAE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 168
TABLE 141 UAE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 168
TABLE 142 UAE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 168
12.6.3 ISRAEL 169
12.6.3.1 High number of drone startups 169
TABLE 143 ISRAEL: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 169
TABLE 144 ISRAEL: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 169
TABLE 145 ISRAEL: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 169
TABLE 146 ISRAEL: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 170
12.6.4 SAUDI ARABIA 170
12.6.4.1 Increasing commercial applications of drones 170
TABLE 147 SAUDI ARABIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 170
TABLE 148 SAUDI ARABIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 170
TABLE 149 SAUDI ARABIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 171
TABLE 150 SAUDI ARABIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 171
12.7 LATIN AMERICA 172
FIGURE 39 LATIN AMERICA: CARGO DRONES MARKET SNAPSHOT 172
12.7.1 PESTLE ANALYSIS: LATIN AMERICA 173
TABLE 151 LATIN AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 174
TABLE 152 LATIN AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 174
TABLE 153 LATIN AMERICA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 174
TABLE 154 LATIN AMERICA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 175
TABLE 155 LATIN AMERICA: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 175
TABLE 156 LATIN AMERICA: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 175
12.7.2 BRAZIL 175
12.7.2.1 Regulatory approvals and increasing customer interest 175
TABLE 157 BRAZIL: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 176
TABLE 158 BRAZIL: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 176
TABLE 159 BRAZIL: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 176
TABLE 160 BRAZIL: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 176
12.7.3 MEXICO 177
12.7.3.1 Growing usage of drones in healthcare sector 177
TABLE 161 MEXICO: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 177
TABLE 162 MEXICO: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 177
TABLE 163 MEXICO: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 177
TABLE 164 MEXICO: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 178
12.7.4 COLOMBIA 178
12.7.4.1 Healthcare deliveries by drones in rugged landscapes 178
TABLE 165 COLOMBIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 178
TABLE 166 COLOMBIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 178
TABLE 167 COLOMBIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 179
TABLE 168 COLOMBIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 179
12.7.5 ARGENTINA 179
12.7.5.1 Market driven by need for pandemic readiness 179
TABLE 169 ARGENTINA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 179
TABLE 170 ARGENTINA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 180
TABLE 171 ARGENTINA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 180
TABLE 172 ARGENTINA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 180
12.7.6 PERU 180
12.7.6.1 Need to address healthcare challenges in Amazon rainforest 180
TABLE 173 PERU: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION) 181
TABLE 174 PERU: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION) 181
TABLE 175 PERU: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION) 181
TABLE 176 PERU: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION) 181
12.8 AFRICA 182
12.8.1 PESTLE ANALYSIS: A