The cargo drones market size is projected to grow from USD 0.6 billion in 2022 to USD 9.4 billion by 2030, at a CAGR of 38.6% during the forecast period. The market for cargo drones is driven by various factors, such as increasing demand for more effective, cost efficient and quick movement of shipments and decreasing prices of cargo drone components . However, dearth of skilled and trained drone operators, uncertainty in regulations are limiting the overall growth of the market.

” >1000 Kg: The second largest share of the cargo drones market by payload in 2022.”
The > 1000 Kg segment has the second largest segment of the cargo drones market by payload in 2022. The increasing demand for heavy lift cargo drones to transport heavy payload cargo quickly with less carbon emissions is driving the growth of this segment in the cargo drones market.

” Hybrid: The second largest segment of the cargo drones market by type in 2022“
The hybrid segment has the second largest segment of the cargo drones market by type in 2022. Easy deployment, high endurance, and large payload capacity to boost the hybrid segment.

“Europe to account for the second largest CAGR in the cargo drones market in forecasted year”
Europe is estimated to account for the second largest CAGR in the cargo drones in the forecasted year. The European region for this study comprises of UK, Germany, France, Italy, Switzerland, Norway, Sweden and Rest of Europe. Rising developments of cargo drones by several European based companies. The technological upgrades in cargo drones such as payloads, sensors is expected to drive this segment.

Break-up of profiles of primary participants in the cargo drones market:

  • By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
  • By Designation: C-Level Executives – 55%, Directors – 27%, and Others – 18%
  • By Region: North America – 32%, Europe – 32%, Asia Pacific – 16%, Latin America – 10%, Middle East & Africa – 10%

Prominent companies in the cargo drones market are Elroy Air (US), Silent Arrow (US), Dronamics (UK), Natilus (US) and Volocopter Gmbh (Germany) among others.

Research Coverage:
The market study covers the cargo drones market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as payload, type, industry, solution, range and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cargo drones market and its subsegments. The report covers the entire ecosystem of the cargo drones industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Demand for more efficient, cost effective and faster movement of shipments; Increasing investments in cargo drones; Reduction in CO2 emissions and carbon footprint; Reducing prices of drone components), restraints (Dearth of skilled & trained drone operators; Growing concerns over cybersecurity; Drone safety and security-related issues; Uncertainty in regulations), opportunities (Increasing B2B middle-mile ogistics; Different value chain levels for vendors; Increased use in military operations; Smart city intiatives), and challenges (Restrictions on commercial use of drones in various countries; Complexity in implementation of ground infrastructure; Lack of UTM infrastructure for cargo drones; Sudden changes in weather conditions) influencing the growth of the cargo drones market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Cargo Drones market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the Cargo Drones market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Cargo Drones market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Dufour Aerospace (Switzerland), Airbus (Netherlands), Pipistrel (Slovenia), EHang (China), Bell (US), and BAE Systems (US), among others in the Cargo Drones market