Cargo Drones Market Witness Highest Growth at a CAGR of 36% by 2030

A Quick Overview of Cargo Drones Market

The key object of this report on the Cargo Drones Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Cargo Drones Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Cargo Drones Market Scenario:

The 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. The growth of the market is primarily attributed to the growing concerns regarding carbon emission, cost optimization in freight forwarding, and the growing need for integrating next-generation solutions in logistics. etc. In 2023, the global cargo drone market size was estimated to be around USD 891 million.

Cargo drones fulfilled more than 900,000 deliveries across the globe in 2023. And, the total deliveries are expected to exceed 1.2 billion by 2030. The industry is expected to soar in the forthcoming years owing to the growing demand from e-commerce, logistics, agriculture, healthcare, construction, postal services, etc. In 2024, the companies manufacturing cargo drones have a large order book expected to be executed in the coming years. It is expected the delivery of the orders will start in mid of 2025 or early 2026. Amid, the rising deployment of cargo drones from diverse sectors, venture capital funding is also on the rise.

Cargo Drones Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

Market Driver - 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.

Cargo Drones Market Segmentation Analysis:

Cargo Drones Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

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

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

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

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

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Who are the Key Market Players in the Cargo Drones Market?

In the fast-changing Cargo Drones Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Cargo Drones market ruling the industry are:

List of Key Companies Profiled:

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.

Global Cargo Drones Recent Development:

2024: Dronamics raised USD11 million from the European Innovation Council (EIC). The purpose of the fundraise was to launch its commercial operations.

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