Cargo Drones Global Market Report 2024

Description

“Cargo Drones Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cargo drones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
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Where is the largest and fastest growing market for cargo drones? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cargo drones market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Fixed-Wing; Rotary-Wing
2) By Solution: Platform; Software; Infrastructure
3) By Payload: 10-49 Kg; 50-149 Kg; 150-249 Kg; 250-499 Kg; 500-999Kg; Above 1000 Kg
4) By Range: Close Range; Short Range; Mid Range; Long Range
5) By End User: Retail; Healthcare; Agriculture; Defense; Maritime; Other End Users
Companies Mentioned: Guangzhou EHang Intelligent Technology Co Ltd.; Airbus SE; ARC Aerosystems Ltd.; BAE Systems plc; Bell Textron Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Cargo drones serve as unmanned aircraft designed for the transportation of goods to specific destinations. They are tasked with delivering industrial items or supplies to designated delivery points, such as within company premises, adjacent warehouses, or directly inside warehouses.

The primary categories of cargo drones include fixed-wing and rotary-wing variants. Fixed-wing drones are characterized by wings generating lift through forward motion, resembling and functioning akin to traditional airplanes rather than utilizing vertical lift rotors.These cargo drone solutions encompass a combination of platforms, software, and infrastructure, accommodating various payload capacities ranging from 10-49 kg, 50-149 kg, 150-249 kg, 250-499 kg, 500-999 kg, and exceeding 1000 kg. Additionally, they operate within diverse ranges categorized as close range, short range, mid-range, and long-range applications, catering to industries such as retail, healthcare, agriculture, defense, maritime, among others.

The cargo drone market research report is one of a series of new reports from The Business Research Company that provides cargo drone market statistics, including the cargo drone industry global market size, regional shares, competitors with a cargo drone market share, detailed cargo drone market segments, market trends, and opportunities, and any further data you may need to thrive in the cargo drone industry. This cargo drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cargo drones market size has grown exponentially in recent years. It will grow from $1.31 billion in 2023 to $1.76 billion in 2024 at a compound annual growth rate (CAGR) of 34.7%. The growth observed in the previous period can be attributed to several key factors. These include supportive regulatory frameworks, the cost-efficiency offered by cargo drones, heightened environmental concerns leading to the exploration of eco-friendly transportation solutions, a growing demand for last-mile delivery services, and the imperative role played by cargo drones in emergency response situations. These factors collectively contributed to the growth witnessed in the utilization and development of cargo drone technology during that timeframe.

The cargo drones market size is expected to see exponential growth in the next few years. It will grow to $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 34.6%. The anticipated growth in the upcoming period is expected to be driven by several influential factors. These encompass the ongoing optimization of global supply chains, the continuous growth of e-commerce leading to increased demand for efficient delivery solutions, significant advancements in infrastructure development supporting drone operations, continual improvement in payload capacity enhancing cargo capabilities, a rise in partnerships and collaborations within the industry, and the customization of cargo drones tailored to specific industry needs.

The burgeoning acceptance of commercial drones is expected to be a significant driver propelling the cargo drone market's growth. Commercial drones, utilized for business or income generation, have become increasingly sophisticated in performing complex tasks. This growing acceptance of commercial drones is evident in the Federal Aviation Administration's data, which as of January 2023, showed 871,000 drones registered and 307,000 certified remote pilots in the United States. Consequently, this rise in commercial drone adoption is fueling the cargo drone market's expansion.

The rapid expansion of the e-commerce industry is anticipated to drive significant growth in the cargo drone market. E-commerce, involving online buying and selling of goods and services, has seen substantial growth. Cargo drones offer the potential for faster shipping, especially in the last-mile delivery sector. To meet customer expectations for swift order fulfillment, e-commerce companies are exploring drone technology. For instance, according to the United States Department of Commerce's report in May 2021, US e-commerce sales surged by 39.0% in the first quarter of 2021 compared to the same period in 2020. Consequently, the expanding e-commerce landscape is a key driver behind the growth of the cargo drone market.

Product innovation is a notable trend shaping the cargo drone market, with major companies driving new developments to maintain their market positions. For example, in January 2023, Pyka Inc., a US-based aerospace company, introduced the Pelican Cargo drone, the first electric cargo drone with autonomous capabilities. Offering a payload capacity of 400 lbs (180 kg), a range of up to 200 miles (320 km), and 66 cubic feet of cargo space, the Pelican Cargo is designed to transport essential medical supplies such as drugs, vaccines, and patient samples to remote rural areas and express logistics firms.

Major players in the cargo drone market are focusing on technologically advanced products such as drones equipped with AI-powered autonomy to gain a competitive edge. Skydio, a US-based drone manufacturer, launched the Skydio X10 in September 2023, targeting first responders, infrastructure operators, and military applications. This drone boasts advanced sensors and AI-powered autonomy, providing versatility and capability in high-stakes scenarios. Featuring increased onboard computer power and navigation camera resolution, the X10 offers scalability, NightSense autonomous flight, 3D Scan for automated data capture, and remote flight control via onboard 5G. It caters to applications such as Drone as First Responder (DFR), military operations with link jamming resistance, and critical infrastructure inspections.

In January 2023, Ondas Holdings, a US-based developer of autonomous enterprise systems, acquired Airobotics Ltd. for $15.2 million. This strategic acquisition aims to merge the capabilities of Ondas Holdings and Airobotics Ltd., offering diverse commercial drone solutions. These solutions are geared toward industries such as oil and gas, mining, rail, smart cities, construction management, and public safety. Airobotics Ltd., an Israel-based manufacturer of autonomous Unmanned Aircraft (UAs) systems, specializes in cargo drones, further strengthening the combined business's drone offerings.

Major companies operating in the cargo drones market report are Guangzhou EHang Intelligent Technology Co Ltd., Airbus SE, ARC Aerosystems Ltd., BAE Systems plc, Bell Textron Inc., Dronamics Ltd., Parrot Drones SAS, Xiaomi Corporation, AeroVironment Inc., 3D Robotics Inc., Insitu Inc., Airspace Experience Technologies Inc., Drone Delivery Canada Corp, Dufour Aerospace Inc., Elroy Air, Kaman Corporation, Pipistrel doo Ajdovscina, Sabrewing Aircraft Company, Natilus, Silent Arrow, Flying Basket Srl, H3 Dynamics Pte Ltd., Phoenix Wings GmbH, Gadfin Aero-Logistics Systems, Steadicopter, Amazon Prime Air, Flytrex Inc., Wing Aviation LLC, UPS Flight Forward Inc., Wingcopter GmbH, Wingtra Inc., Zipline International Inc., Volansi Inc., Matternet Inc., Skycart Inc., Flirtey Inc.

North America was the largest region in the global cargo drone market size in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the cargo drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the cargo drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The cargo drones market consists of sales of multi-rotor drones, single-rotor helicopter drones, and hybrid fixed-wing vertical take-off and landing (VTOL) drones. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11600

1. Executive Summary

2. Cargo Drones Market Characteristics

3. Cargo Drones Market Trends And Strategies

4. Cargo Drones Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Cargo Drones Market Size and Growth

5.1. Global Cargo Drones Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cargo Drones Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cargo Drones Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cargo Drones Market Segmentation

6.1. Global Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fixed-Wing
Rotary-Wing
6.2. Global Cargo Drones Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Platform
Software
Infrastructure
6.3. Global Cargo Drones Market, Segmentation By Payload, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10-49 Kg
50-149 Kg
150-249 Kg
250-499 Kg
500-999Kg
Above 1000 Kg
6.4. Global Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Close Range
Short Range
Mid Range
Long Range
6.5. Global Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Retail
Healthcare
Agriculture
Defense
Maritime
Other End Users

7. Cargo Drones Market Regional And Country Analysis

7.1. Global Cargo Drones Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cargo Drones Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cargo Drones Market

8.1. Asia-Pacific Cargo Drones Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cargo Drones Market

9.1. China Cargo Drones Market Overview
9.2. China Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cargo Drones Market

10.1. India Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cargo Drones Market

11.1. Japan Cargo Drones Market Overview
11.2. Japan Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cargo Drones Market

12.1. Australia Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cargo Drones Market

13.1. Indonesia Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cargo Drones Market

14.1. South Korea Cargo Drones Market Overview
14.2. South Korea Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cargo Drones Market

15.1. Western Europe Cargo Drones Market Overview
15.2. Western Europe Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cargo Drones Market

16.1. UK Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cargo Drones Market

17.1. Germany Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cargo Drones Market

18.1. France Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cargo Drones Market

19.1. Italy Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cargo Drones Market

20.1. Spain Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cargo Drones Market

21.1. Eastern Europe Cargo Drones Market Overview
21.2. Eastern Europe Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cargo Drones Market

22.1. Russia Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cargo Drones Market

23.1. North America Cargo Drones Market Overview
23.2. North America Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cargo Drones Market

24.1. USA Cargo Drones Market Overview
24.2. USA Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cargo Drones Market

25.1. Canada Cargo Drones Market Overview
25.2. Canada Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cargo Drones Market

26.1. South America Cargo Drones Market Overview
26.2. South America Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cargo Drones Market

27.1. Brazil Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cargo Drones Market

28.1. Middle East Cargo Drones Market Overview
28.2. Middle East Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cargo Drones Market

29.1. Africa Cargo Drones Market Overview
29.2. Africa Cargo Drones Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cargo Drones Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cargo Drones Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cargo Drones Market Competitive Landscape And Company Profiles

30.1. Cargo Drones Market Competitive Landscape
30.2. Cargo Drones Market Company Profiles
- 30.2.1. Guangzhou EHang Intelligent Technology Co Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Airbus SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. ARC Aerosystems Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. BAE Systems plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Bell Textron Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Cargo Drones Market Competitive Benchmarking

32. Global Cargo Drones Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cargo Drones Market

34. Cargo Drones Market Future Outlook and Potential Analysis

34.1 Cargo Drones Market In 2028 - Countries Offering Most New Opportunities
34.2 Cargo Drones Market In 2028 - Segments Offering Most New Opportunities
34.3 Cargo Drones Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer