Cargo Drones Market Forecasts to 2028 - Global Analysis By Propulsion (Electric, Gasoline-Powered and Other Propulsions), Wing Type (Fixed-wing, Rotary-wing and Hybrid), Range, Payload, Solution, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.14 BN |
|
Projected Year Value (2028) |
US $7.93 BN |
|
CAGR (2022 - 2028) |
38.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Cargo Drones Market is accounted for $1.14 billion in 2022 and is expected to reach $7.93 billion by 2028 growing at a CAGR of 38.2% during the forecast period. Cargo drones are unmanned aerial vehicles (UAVs) designed to transport goods, materials, or other payloads. To access isolated and difficult-to-reach places, they can be used to deliver medical supplies including vaccinations, blood samples, and medications. For tiny and light e-commerce items, cargo drones can provide a faster and more efficient delivery option in metropolitan areas. Additionally, a fleet of drones is easier to manage than one of ground-based vehicles. Additionally, deploying drones for distribution reduces expenses by 60%.
According to Navy statistics, 90% of aircraft and ships that were taken out of purpose status when implemented lack simple components such as electronics or wiring fittings, 90% of which evaluate less than 50 pounds and can be supplied using drones instead of manned aircraft.
Market Dynamics:
Driver:
Reduction of pollution
Smaller payload cargo drones emit less grams of CO2 equivalent per package than bigger cargo drones and electric vehicles. Drone delivery of business items, food, and pharmacy, healthcare, and other packages reduces CO2 emissions and the carbon footprint. Drones that are carefully placed use less energy every hour since they run on lithium-ion batteries and produce less carbon dioxide. Enhancing warehouse energy efficiency and lowering the quantity of power produced from carbon-intensive sources can both have significant positive effects. As a result, it is predicted that the market for cargo drones would expand over the forecast period due to the growing need to reduce carbon emissions in transportation.
Restraint:
Indeterminent regulations
The approval of the relevant governments and the regulations they create to ensure proper air traffic management, adequate data support, effective controller training, and social adaptability by the population in those countries are the main requirements for the flying of cargo drones in the airspace of various nations. The governments of several nations throughout the world are working to improve their defense capabilities by creating new drone technology. Uncertainty about the expansion of this industry is increased by the expense of creating the drone infrastructure and political barriers to gaining the necessary permits for the creation of drone ecosystems.
Opportunity:
Raising middle-mile logistics
Companies are now concentrating on middle-mile logistics, or those that occur between one firm and another, such as from a port to a distribution center or from a distribution center to a shop, because to the greater payloads of cargo drones. Middle-mile drone delivery targets employing intermodal freight networks and semi-trucks. In comparison to those utilized for last-mile delivery, middle-mile logistics drones have bigger cargo capacity and longer ranges. The industry is expanding due to middle-mile drone's lower cost compared to traditional modes of transportation and the ability to carry more goods over longer distances.
Threat:
Unpredictable weather scenarios
Weather conditions pose a challenge to drones as they might result in deviations in their predetermined trajectories. Weather information impacts flight direction, path elevation, operation length, and other in-flight factors during flight operations. Particularly, wind speeds are a crucial element for successful drone-based operations and should be taken into account during the planning and deployment phases of the operation. Weather becomes a difficult and crucial task in situations of natural catastrophes, such as tsunamis or hurricanes, or man-made disasters, such as terrorist attacks. As operators lose VLOS, drones may not complete their missions in such cases. Thus, the abrupt changes in the weather make it difficult for drones to operate.
Covid-19 Impact
The COVID-19 caused logistical and supply chain operations to be disrupted on a worldwide scale. Travel and transportation were hampered by the outbreak. In addition, delays in the delivery of drone parts and higher transportation costs were caused by closed borders and limited airspace. However, following the epidemic, governments all over the world began to loosen regulations after realizing the potential advantages of cargo drones for delivery. This made it simpler for companies to adopt and use these technologies, which fuels the market's expansion.
The close-range (< 50 kilometres) segment is expected to be the largest during the forecast period
The close-range (< 50 kilometres) segment is estimated to have a lucrative growth. Drones for close-range delivery are used in close-proximity locations. These drones enable for quick package delivery in response to online purchases because they can go up to 50 kilometres on a single battery. It lowers the general operating expenses associated with package delivery. The demand for same-day product delivery increased as a result of these close range drones. The market for close-range delivery drones is anticipated to be driven by the desire for expedited delivery of commodities and parcels, such as food and medication.
The defense segment is expected to have the highest CAGR during the forecast period
The defense segment is anticipated to witness the fastest CAGR growth during the forecast period. The employment of drones on the battlefield for information, surveillance, and reconnaissance (ISR) as well as battle damage control is on the rise. Defense groups are aiming to use autonomous drones to minimize the number of workers required for logistics because it may be a risky job. Armed forces are also looking into the use of drones for logistical tasks including sending troops with supplies like food, ammunition, gasoline, and replacement components. Additionally, the US Navy provided proof that tiny drones might take the place of crewed platforms in supplying meals and replacement parts between ships at sea. The segment's demand is elevating as a result of these factors.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Drones are used by major firms in this region to transport items, including Amazon, DHL, and UPS. In the region, the volume of deliveries in logistics, notably in the e-commerce industry, is rising quickly. In order to attain quicker delivery times, lower prices, and more efficiency, distribution center logistics have seen a surge in the usage of cargo drones in North America. The market in the area is anticipated to rise as a result of initiatives to encourage the use of cargo drones for the improvement of warehouse distribution operations.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to its changing regulatory landscapes and expanding public acceptance of commercial drone operations. China is the greatest market for delivery drones since major e-commerce businesses like JD.com and Alibaba Group are growing their drone delivery operations there. Additionally, the State Post Bureau of the People's Republic of China has published a new Standard for Express Delivery Service by Unmanned Aircraft (Standard), which will take effect in January 2021. Growing investments in cargo drones from nations like India, China, and Japan are propelling the development of this area.
Key players in the market
Some of the key players profiled in the Cargo Drones Market include Airbus, ARC Aerosystems, PIPISTREL d.o.o., Singular Aircraft, Natilus, Elroy Air, Volocopter Gmbh, Cranfield Aerospace Solutions, Dronamics, Silent Arrow, Ameriflight, SkyDrive Inc., The Boeing Company, Skyports Infrastructure Limited, Vista Global Holding Limited, Dufour Aerospace, Bell Textron Inc., Phoenix Wings, H3 Dynamics and Drone Delivery Canada Corp.
Key Developments:
In January 2023, Ameriflight, a pioneer in freight operations, became the first regional US carrier to sign an Aircraft Purchase Agreement with Natilus. Ameriflight's purchase of 20 Natilus Kona feeder aircraft, valued at USD 134 million, takes the total amount of contracts for the delivery of 460+ aircraft to USD 6.8 billion.
In January 2023, Vista Global Holding Limited (Vista), the largest private aviation company in the world, successfully completed its invested in Dufour Aerospace in a Series B.
In November 2022, Cranfield Aerospace Solutions (CAeS), a pioneer in the development of zero-emission solutions for aerospace, and Dronamics, the industry's top middle-mile cargo drone developer and operator, announced that they would be combining their expertise to integrate hydrogen fuel-cell technology into the Black Swan, Dronamics' long-range cargo drone.
In November 2021, Drone Delivery Canada (DDC) reported that the first test of their newest Sparrow unmanned aerial system was completed successfully (UAS). The drone's propulsion system, communications with the Flyte management system, next-generation smart battery system, and its onboard sensors were all tested.
Propulsions Covered:
• Electric
• Gasoline-Powered
• Other Propulsions
Wing Types Covered:
• Fixed-wing
• Rotary-wing
• Hybrid
Ranges Covered:
• Close-Range (< 50 Kilometres)
• Short-Range (50 to 149 Kilometres)
• Mid-Range (150 to 650 Kilometres)
• Long-Range (>650 Kilometres)
Payloads Covered:
• 10-49 Kg
• 50-149 Kg
• 150-249 Kg
• 250-499 Kg
• 500-999 Kg
• >1000 Kg
Solutions Covered:
• Platform
• Software
• Infrastructure
End Users Covered:
• Agriculture
• Retail
• Healthcare
• Maritime
• Defense
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cargo Drones Market, By Propulsion
5.1 Introduction
5.2 Electric
5.3 Gasoline-Powered
5.4 Other Propulsions
6 Global Cargo Drones Market, By Wing Type
6.1 Introduction
6.2 Fixed-wing
6.3 Rotary-wing
6.4 Hybrid
7 Global Cargo Drones Market, By Range
7.1 Introduction
7.2 Close-Range (< 50 Kilometres)
7.3 Short-Range (50 to 149 Kilometres)
7.4 Mid-Range (150 to 650 Kilometres)
7.5 Long-Range (>650 Kilometres)
8 Global Cargo Drones Market, By Payload
8.1 Introduction
8.2 10-49 Kg
8.3 50-149 Kg
8.4 150-249 Kg
8.5 250-499 Kg
8.6 500-999 Kg
8.7 >1000 Kg
9 Global Cargo Drones Market, By Solution
9.1 Introduction
9.2 Platform
9.3 Software
9.4 Infrastructure
10 Global Cargo Drones Market, By End User
10.1 Introduction
10.2 Agriculture
10.3 Retail
10.4 Healthcare
10.5 Maritime
10.6 Defense
11 Global Cargo Drones Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Airbus
13.2 ARC Aerosystems
13.3 PIPISTREL d.o.o.
13.4 Singular Aircraft
13.5 NATILUS
13.6 Elroy Air
13.7 VOLOCOPTER GmbH
13.8 Cranfield Aerospace Solutions
13.9 DRONAMICS
13.10 Silent Arrow
13.11 Ameriflight
13.12 SkyDrive Inc.
13.13 The Boeing Company
13.14 Skyports Infrastructure Limited
13.15 Vista Global Holding Limited
13.16 Dufour Aerospace
13.17 Bell Textron Inc.
13.18 Phoenix Wings
13.19 H3 Dynamics
13.20 Drone Delivery Canada Corp.
List of Tables
1 Global Cargo Drones Market Outlook, By Region (2020-2028) ($MN)
2 Global Cargo Drones Market Outlook, By Propulsion (2020-2028) ($MN)
3 Global Cargo Drones Market Outlook, By Electric (2020-2028) ($MN)
4 Global Cargo Drones Market Outlook, By Gasoline-Powered (2020-2028) ($MN)
5 Global Cargo Drones Market Outlook, By Other Propulsions (2020-2028) ($MN)
6 Global Cargo Drones Market Outlook, By Wing Type (2020-2028) ($MN)
7 Global Cargo Drones Market Outlook, By Fixed-wing (2020-2028) ($MN)
8 Global Cargo Drones Market Outlook, By Rotary-wing (2020-2028) ($MN)
9 Global Cargo Drones Market Outlook, By Hybrid (2020-2028) ($MN)
10 Global Cargo Drones Market Outlook, By Range (2020-2028) ($MN)
11 Global Cargo Drones Market Outlook, By Close-Range (< 50 Kilometres) (2020-2028) ($MN)
12 Global Cargo Drones Market Outlook, By Short-Range (50 to 149 Kilometres) (2020-2028) ($MN)
13 Global Cargo Drones Market Outlook, By Mid-Range (150 to 650 Kilometres) (2020-2028) ($MN)
14 Global Cargo Drones Market Outlook, By Long-Range (>650 Kilometres) (2020-2028) ($MN)
15 Global Cargo Drones Market Outlook, By Payload (2020-2028) ($MN)
16 Global Cargo Drones Market Outlook, By 10-49 Kg (2020-2028) ($MN)
17 Global Cargo Drones Market Outlook, By 50-149 Kg (2020-2028) ($MN)
18 Global Cargo Drones Market Outlook, By 150-249 Kg (2020-2028) ($MN)
19 Global Cargo Drones Market Outlook, By 250-499 Kg (2020-2028) ($MN)
20 Global Cargo Drones Market Outlook, By 500-999 Kg (2020-2028) ($MN)
21 Global Cargo Drones Market Outlook, By >1000 Kg (2020-2028) ($MN)
22 Global Cargo Drones Market Outlook, By Solution (2020-2028) ($MN)
23 Global Cargo Drones Market Outlook, By Platform (2020-2028) ($MN)
24 Global Cargo Drones Market Outlook, By Software (2020-2028) ($MN)
25 Global Cargo Drones Market Outlook, By Infrastructure (2020-2028) ($MN)
26 Global Cargo Drones Market Outlook, By End User (2020-2028) ($MN)
27 Global Cargo Drones Market Outlook, By Agriculture (2020-2028) ($MN)
28 Global Cargo Drones Market Outlook, By Retail (2020-2028) ($MN)
29 Global Cargo Drones Market Outlook, By Healthcare (2020-2028) ($MN)
30 Global Cargo Drones Market Outlook, By Maritime (2020-2028) ($MN)
31 Global Cargo Drones Market Outlook, By Defense (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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