PUBLISHER: Allied Market Research | PRODUCT CODE: 1344524
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344524
The Cargo Drones Market is likely to experience a significant growth rate of 38.1% from 2023-2032 owing to rise in e-commerce, and the surge in demand for efficient and time-sensitive deliveries - Allied Market Research
Cargo drones are increasingly used in various industries for delivery and transportation. The retail industry includes drones that deliver goods directly to customers. Cargo drones are used in the retail industry for last-mile delivery, which involves transporting products from a distribution center or store to a customer's doorstep. This can help retailers to improve their delivery speed, reduce delivery costs, and provide a more convenient & efficient delivery experience for their customers. Cargo drones can deliver goods directly to customers quicklier than traditional delivery methods, particularly in urban areas where traffic congestion can cause delays. Delivery by cargo drone can be cheaper than traditional delivery methods, particularly for smaller items that can be carried by drones. Moreover, there is an expansion in drone delivery services as drone technology improves and restrictions are eased. For instance, in March 2023, Zipline, a drone delivery company announced the launch of a home delivery service that leverages a drone-droid delivery team.
The healthcare segment includes cargo drones used to transport and deliver in the healthcare industry. Cargo drones are used to transport medical supplies, such as drugs, vaccines, and other essential equipment, to remote or hard-to-reach areas. It can transport medical samples, such as blood, urine, and tissue samples, for testing and diagnosis. The healthcare industry, especially in countries with limited access to medical resources and infrastructure, has witnessed increase in demand for cargo drones. Companies providing healthcare cargo drone services and cargo drone system manufacturers are expected to rise in demand for cargo drones. Furthermore, there is a rise in the use of cargo drones in healthcare as it provides several benefits, such as faster delivery times, reduced transportation costs, and increased efficiency in the supply chain. For instance, in December 2022, Gurugram-based 'TechEagle' collaborated with the Arunachal Pradesh government in India and World Economic Forum and developed drone technology to deliver essential medicines to these hard-to-reach regions.
The cargo drones market is segmented on the basis of propulsion, wing type, industry, payload, and region. Based on propulsion, it is segmented into gasoline-powered, electric, hybrid, and others. On the basis of wing type, it is classified into fixed-wing, multi-rotor, and hybrid. By industry, it is categorized into retail, healthcare, agriculture, defense, and others. Based on payload, it is segmented into 0.5 to 100 kg, 101 to 1000 kg, and above 1000 kg. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include: Dronamics, Volocopter GmbH, Ehang Holdings Ltd, Pipistrel d.o.o, Singular Aircraft, UAVOS Inc, Elroy Air, NATILUS, ARS Aerosystems, and SkyDrive Inc