Cargo Drones Market

Cargo Drones Market by Solution (Platform, Software, Infrastructure), Industry (Retail, Healthcare, Agriculture, Defense and Maritime), Range (Close-Range, Short-Range, Mid-Range, Long-Range), Payload, Type and Region - Global Forecast to 2030

Report Code: AS 8600 Mar, 2023, by marketsandmarkets.com

The Cargo Drones Market is estimated to be USD 0.6 Billion in 2022 and is projected to reach USD 9.4 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 38.6% from 2022 to 2030. The Cargo Drones Industry is driven by factors such as different value chain levels for vendors, increased use of cargo drones in military operations among others.

Cargo Drones Market

Cargo Drones Market Forecast to 2030

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Cargo Drones Market Dynamics:

Cargo Drones Industry Drivers: Reduction in CO2 Emissions and Carbon Footprint

The delivery of commercial parcels, food, and healthcare & pharmacy packages through drones helps cut down CO2 emissions and the carbon footprint. According to the US Environmental Protection Agency, in 2021, the US transportation sector accounted for 31% of GHG emissions in the US; delivery trucks emit around 415 million metric tons of carbon dioxide each year, accounting for a quarter of all emissions from transportation in the country. According to a study conducted by Inmarsat and Cranfield University, light commercial vehicles such as trucks generate 3,394 grams of CO2 per 24 hours if they deliver 10 packages per 8-hour shift, whereas drones with a 36-kilometer range would emit around 2,160 grams of CO2. Carefully deployed drones consume less energy per hour as they operate on lithium-ion batteries and leave a smaller carbon footprint.

The GHG emissions associated with cargo drones vary based on whether the delivery is done by a small payload drone or a large payload drone. Cargo drones with small payload capacity have lower emissions in grams of CO2 equivalent per package than electric trucks and larger cargo drones. Major benefits can be achieved by improving the energy efficiency of warehouses and reducing the amount of electricity generated from carbon-intensive fuels. Therefore, with the rising need to lower carbon emissions in transport, the cargo drones’ market is anticipated to grow during the forecast period. In February 2022, Natilus (US), a manufacturer of massive autonomous cargo drones, claimed that it would reduce the cost of air freight by 60% and its carbon emissions by 50%.

Cargo Drones Industry Restraints: Uncertainty in Regulations

The flying of cargo drones in the airspace of different countries primarily depends on obtaining approval from the respective governments and the regulations formulated by them to ensure proper air traffic management, sufficient data support, effective controller training, and social adaptability by the population in those countries. Governments of different countries across the globe are making efforts to enhance their defence capabilities by developing new technologies for drones or carrying out advancements in the existing technologies used in drones. However, these technologies need to comply with country-wise drone regulations and be capable of controlling them in a regulated environment. Thus, huge investments are required for the R&D and procurement of drones based on advanced technologies. Suppose the cost incurred in the development of drone infrastructure outweighs the benefits offered by drones, it will become difficult for governments of different countries to make changes in their existing policies to enable the use of drones in various applications. The cost of developing the drone infrastructure, along with political hurdles in obtaining the required approval for the development of drone ecosystems, adds uncertainty to the growth of this market.

Cargo Drones Industry Opportunities: Increasing B2B Middle-Mile Logistics

Future drone use in logistics operations is viewed as a huge opportunity by the middle-mile delivery sector. While some businesses focus on last-mile delivery from retailers to customers, middle-mile logistics is often overlooked. Due to the higher payloads of cargo drones, companies are now focusing on middle-mile logistics – those that take place from one business to another, such as from a port to a distribution center or from a distribution center to a store. Middle-mile drone delivery targets with semi-trucks and intermodal freight networks. Drones being developed for middle-mile logistics have larger payload capacities and longer ranges than those used for last-mile delivery. For instance, Elroy Air's Chaparral has a 300-mile range and can transport payloads of up to 500 lb. The cost advantages of middle-mile drones over conventional transportation in this area rise with their capacity to transport more cargo over longer distances.

In March 2022, FedEx (US) collaborated with the eVTOL freight drone firm Elroy Air (US) in California to investigate autonomous solutions for its middle-mile delivery operations. In accordance with this agreement, FedEx Express, a FedEx subsidiary, will start testing Elroy Air's Chaparral cargo drones in 2023. In January 2022, Leonardo S.P.A (Italy), an aerospace, defense, and security company, FlyingBasket (Italy), a developer and operator of cargo drones, and Poste Italiane, the Italian postal service provider, worked together on the first round of drone-based delivery experiments in Turin. As a part of the "Sumeri Moderni" trial series, the "middle-mile delivery" trial was focused on delivery from a warehouse or distribution center to retail locations. The deployed aircraft was an electric FB3 VTOL cargo drone from FlyingBasket, which has a carrying capacity of up to 100 kg (220.5 pounds) and uses a cable to discharge its load to enable operation in places without specialized landing infrastructure.

Cargo Drones Industry Challenges: Sudden Changes in Weather Conditions

Weather conditions pose a challenge to drones as they might result in deviations in their predetermined paths. Similar to light aircraft, drones cannot hover in all weather conditions. The capability to resist certain weather conditions is determined by the specifications of cargo drones. In pre-flight planning, it is clear that advanced weather data will play an essential role in ensuring that drones can fly their weathersensitive missions safely and efficiently to deliver commercial goods. During flight operations, weather data affects flight direction, path elevation, operation duration, and other in-flight variables. Wind speeds, in particular, are an essential component for smooth drone-based operations and thus should be factored in the operation planning and deployment phases. In cases of natural, such as tsunamis or hurricanes, or man-made disasters, such as terrorist attacks, weather becomes a tough and cardinal challenge. In such scenarios, drones may fail in their missions as operators lose VLOS.

Weather conditions most likely to prevent drone use are precipitation which can damage electronics; strong winds, which can increase battery usage or even cause drones to lose control; and low temperatures, which greatly reduce battery performance. Extremely hot weather is not advisable because the heat can have some adverse effects on various parts of your drone. Hot air is less dense, making it harder for drone propellers to create lift. The batteries can overheat as they struggle to create lift. As a result, flight time will be shortened. Thus, weather conditions are a major challenge for drones.

Cargo Drones Market Ecosystem

Prominent companies in this market include well-established, financially stable providers of cargo drones for logistics. These companies have been operating in the market for several years and offer a diverse product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Sabrewing Aircraft Company (US), Dronamics (UK), Natilus (US), Silent Arrow (US) and Elroy Air (US).

Cargo Drones Market by Ecosystem

Based on Industry, the Healthcare Segment is Projected to Grow at the Highest CAGR in the Cargo Drones Market During the Forecast Period

Based on industry, the cargo drones market has been segmented into retail, healthcare, agriculture, defence and maritime. Need to deliver health support to rural areas and to remote places is driving the healthcare segment of cargo drones market.

Based on Range, the Mid-Range Segment is Projected to Grow at the Highest CAGR in the Cargo Drones Market During the Forecast Period

Based on range, the cargo drones market has been segmented into close-range (<50 kilometres), short-range (50 to 149 kilometres), mid-range (150 to 650 kilometres) and long-range (>650 kilometres). The mid-range segment is expected to grow at a higher CAGR during the forecast period. The increasing need to transport cargo to long distances within short time and low cost is driving this segment of the market.

Asia Pacific is Expected to Account for the Highest CAGR in the Forecasted Period and Second Largest Share in 2022

The Asia Pacific is estimated to account for the highest CAGR in forecasted period and second largest share in 2022. The countries in Asia pacific region offers significant opportunities for cargo drone manufacturers as this region has been upgrading its manufacturing capabilities by establishing new developments in the cargo drone field. Increasing cargo drone investments in countries such as India, China and Japan are driving the growth of this region.

Cargo Drones Market by Region

Cargo Drones Market by Region

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Cargo Drones Industry Companies: Top Key Market Players

The Cargo Drones Companies are dominated by globally established players such as  Phoenix Wings (Germany), Gadfin (Israel), Steadicopter (Israel), Airspace Experience Technologies Inc. (US) and Drone Delivery Canada Corp. (Canada). The report covers various industry trends and new technological innovations in the cargo drones’ market for the period, 2019-2030.

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Scope of the Report

Report Metric

Details

Estimated Market Size
USD 0.6 Billion in 2022
Projected Market Size
USD 9.4 Billion by 2030
Growth Rate
CAGR of 38.6%

Market Size Available for Years

2019–2030

Base Year Considered

2021

Forecast Period

2022–2030

Forecast Units

Value (USD billion)

Segments Covered

Solution, Payload, Type, Industry, Range, and Region

Geographies Covered

North America, Europe, Asia Pacific, Middle East, Africa, and Latin America

Companies Covered

Flying Basket (Italy), Natilus (US), ARC Aerosystems (UK), Dronamics (UK), H3 Dynamics (Singapore), Kaman Corporation (US) and Sabrewing Aircraft Company (US).

Cargo Drones Market Highlights

This research report categorizes the cargo drones market based on solution, payload, type, industry, range, and region.

Segment

Subsegment

By Solution:

  • Platform
  • Software
  • Infrastructure

By Payload:

  • 10-49 Kg
  • 50-149 Kg
  • 150-249 Kg
  • 250-499 Kg
  • 500-999 Kg
  • >1000 Kg

By Range

  • Close-range (< 50 kilometers)
  • Short-range (50 to 149 kilometers)
  • Mid-range (150 to 650 kilometers)
  • Long-range (>650 kilometers)

By Type:

  • Fixed-wing
  • Rotary-wing
  • Hybrid

By Industry:

  • Retail
  • Healthcare
  • Agriculture
  • Defense
  • Maritime

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Recent 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 2022, Sabrewing Aircraft Company, Inc. and Arabian Development and Marketing Corporation (ADMC) announced jointly that ADMC ordered 53 of the heavy-lift cargo uncrewed aerial vehicle (UAV) Rhaegal-A "Alpha" aircraft.
  • In November 2022, Spright, the drone division of Air Methods, the US's top provider of emergency medical helicopter services, and Dufour Aerospace announced that Spright had purchased 40 Aero2 aircraft with an option to buy a further 100.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 33)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
           TABLE 1 CARGO DRONES MARKET: INCLUSIONS & EXCLUSIONS
    1.4 CURRENCY 
    1.5 USD EXCHANGE RATES 
    1.6 MARKET SCOPE 
           1.6.1 MARKETS COVERED
                    FIGURE 1 CARGO DRONES MARKET SEGMENTATION
           1.6.2 REGIONAL SCOPE
           1.6.3 YEARS CONSIDERED
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary sources
                    2.1.2.2 Key data from primary sources
                               FIGURE 4 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
           2.2.4 RECESSION IMPACT ANALYSIS
    2.3 RESEARCH APPROACH AND METHODOLOGY 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Market size estimation & methodology
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.3.1.2 Regional split of cargo drones market
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
    2.6 LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 8 SOFTWARE SOLUTIONS PROJECTED TO HAVE HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 9 RETAIL INDUSTRY PROJECTED TO COMMAND LARGEST SHARE DURING FORECAST PERIOD
    FIGURE 10 50–149 KG PAYLOAD SEGMENT PROJECTED TO GROW FASTEST DURING FORECAST PERIOD
    FIGURE 11 NORTH AMERICA ACCOUNTED FOR DOMINANT MARKET SHARE IN 2021
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN CARGO DRONES MARKET 
           FIGURE 12 SURGING DEMAND FOR SAME-DAY DELIVERY AND EMERGENCY SUPPLIES TO DRIVE THE CARGO DRONES MARKET
    4.2 CARGO DRONES MARKET, BY RANGE 
           FIGURE 13 CLOSE-RANGE SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
    4.3 CARGO DRONES MARKET, BY TYPE 
           FIGURE 14 ROTARY-WING SEGMENT TO HOLD LEADING SHARE DURING FORECAST PERIOD
    4.4 NORTH AMERICA CARGO DRONES MARKET, BY SOLUTION 
           FIGURE 15 PLATFORM SEGMENT TO HOLD LEADING SHARE DURING FORECAST PERIOD
    4.5 CARGO DRONES MARKET, BY COUNTRY 
           FIGURE 16 MARKET IN FRANCE PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 17 CARGO DRONES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Demand for more efficient, cost-effective, and faster movement of shipments
                    5.2.1.2 Increasing investments in cargo drones
                               FIGURE 18 INVESTMENT IN DRONE INDUSTRY (USD MILLION) (2011–2021)
                    5.2.1.3 Reduction in CO2 emissions and carbon footprint
                    5.2.1.4 Reducing prices of drone components
                               FIGURE 19 DURABILITY ADJUSTED COST OF AN 80-KWNET PEM FUEL CELL SYSTEM BASED ON PROJECTION TO HIGH VOLUME MANUFACTURING AT 100,000 UNITS/YEAR
                               FIGURE 20 DECREASE IN COST OF IOT SENSORS, 2004–2020
           5.2.2 RESTRAINTS
                    5.2.2.1 Dearth of skilled & trained drone operators
                    5.2.2.2 Growing concerns over cybersecurity
                    5.2.2.3 Drone safety and security-related issues
                    5.2.2.4 Uncertainty in regulations
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing B2B middle-mile logistics
                    5.2.3.2 Different value chain levels for vendors
                    5.2.3.3 Increased use in military operations
                    5.2.3.4 Smart city initiatives
           5.2.4 CHALLENGES
                    5.2.4.1 Restrictions on commercial use of drones in various countries
                               TABLE 2 RESTRICTIONS ON USE OF DRONES/UAVS IN VARIOUS COUNTRIES
                    5.2.4.2 Complexity in implementation of ground infrastructure
                    5.2.4.3 Lack of UTM infrastructure for cargo drones
                    5.2.4.4 Sudden changes in weather conditions
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR CARGO DRONES MARKET
                    FIGURE 21 REVENUE SHIFT IN CARGO DRONES MARKET
    5.4 ANALYSIS OF RECESSION IMPACT ON MARKET 
    5.5 CARGO DRONES MARKET ECOSYSTEM 
           5.5.1 PROMINENT COMPANIES
           5.5.2 PRIVATE AND SMALL ENTERPRISES
           5.5.3 STARTUPS
           5.5.4 END USERS
                    FIGURE 22 CARGO DRONES MARKET ECOSYSTEM MAP
                    TABLE 3 CARGO DRONES MARKET ECOSYSTEM
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 LIDAR TECHNOLOGY
           5.6.2 AUTOPILOT SYSTEMS
           5.6.3 SENSE & AVOID TECHNOLOGY
    5.7 USE CASE ANALYSIS 
           5.7.1 MID-AIR BATTERY SWAPPING IN CARGO DRONES
                    TABLE 4 AERO TEAM EINDHOVEN WORKS TO SWAP BATTERIES OF CARGO DRONES IN MID-AIR
           5.7.2 REGULATORS APPROVE BRAZIL'S FIRST DRONE DELIVERY OPERATIONS
                    TABLE 5 SPEEDBIRD AERO RECEIVES APPROVAL TO OPERATE DELIVERY DRONE FLIGHTS IN BRAZIL
           5.7.3 IBM PATENTS MID-AIR DRONE-TO-DRONE CARGO TRANSFER SYSTEM
                    TABLE 6 MID-AIR TRANSFER OF CARGO FROM ONE DRONE TO ANOTHER
           5.7.4 MEXICO-BASED LOGISTICS COMPANY USES DRONES TO DELIVER MEDICAL ESSENTIALS
                    TABLE 7 SINCRONIA LOGISTICA DEPLOYS DRONES TO DELIVER PROTECTIVE GEAR TO HEALTHCARE WORKERS
           5.7.5 CARGO DRONE FIELD TESTS IN AMAZON FOREST IN PERU
                    TABLE 8 FIELD TESTS USING CARGO DRONES TO DELIVER VACCINES AND BLOOD SAMPLES TO COMMUNITIES IN AMAZON FOREST
    5.8 VALUE CHAIN ANALYSIS OF CARGO DRONES MARKET 
           FIGURE 23 VALUE CHAIN ANALYSIS
    5.9 PRICING ANALYSIS 
           5.9.1 AVERAGE SELLING PRICE, BY PAYLOAD
                    FIGURE 24 AVERAGE SELLING PRICE OF CARGO DRONES, 2022
    5.10 VOLUME DATA OF CARGO DRONES 
           TABLE 9 CARGO DRONES MARKET: VOLUME DATA (UNITS)
    5.11 PORTER'S FIVE FORCES ANALYSIS 
           TABLE 10 CARGO DRONES MARKET: PORTER'S FIVE FORCES ANALYSIS
           FIGURE 25 CARGO DRONES MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.11.1 THREAT OF NEW ENTRANTS
           5.11.2 THREAT OF SUBSTITUTES
           5.11.3 BARGAINING POWER OF SUPPLIERS
           5.11.4 BARGAINING POWER OF BUYERS
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS
                    TABLE 11 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOLUTIONS (%)
           5.12.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS
                    TABLE 12 KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS
    5.13 TARIFF AND REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 DRONE REGULATION AND APPROVAL FOR COMMERCIAL SECTOR, BY COUNTRY
           5.13.2 NORTH AMERICA
                    5.13.2.1 US
                                TABLE 19 US: FAA RULES AND GUIDELINES FOR OPERATION OF DRONES
                    5.13.2.2 Canada
                                TABLE 20 CANADA: RULES AND GUIDELINES FOR OPERATION OF DRONES
           5.13.3 EUROPE
                    5.13.3.1 UK
                                TABLE 21 UK: CAA RULES AND GUIDELINES FOR OPERATION OF DRONES
                    5.13.3.2 Germany
                                TABLE 22 GERMANY: RULES AND GUIDELINES FOR OPERATION OF DRONES
                    5.13.3.3 France
                                TABLE 23 FRANCE: RULES AND GUIDELINES FOR OPERATION OF DRONES
                                TABLE 24 DRONE REGULATIONS, BY COUNTRY
    5.14 TRADE DATA ANALYSIS 
           TABLE 25 COUNTRY-WISE IMPORTS, 2020–2021 (USD THOUSAND)
           TABLE 26 COUNTRY-WISE EXPORTS, 2020–2021 (USD THOUSAND)
    5.15 KEY CONFERENCES & EVENTS IN 2023 
           TABLE 27 CARGO DRONES MARKET: CONFERENCES & EVENTS, 2023
 
6 INDUSTRY TRENDS (Page No. - 91)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
           6.2.1 BLOCKCHAIN
           6.2.2 CLOUD COMPUTING
           6.2.3 WIRELESS CHARGING
           6.2.4 AUTOMATED GROUND CONTROL STATIONS
           6.2.5 INTERNET OF THINGS
           6.2.6 COMPUTER VISION
           6.2.7 MULTI-SENSOR DATA FUSION TECHNOLOGY
           6.2.8 MACHINE LEARNING-POWERED ANALYTICS
           6.2.9 5G TECHNOLOGY
           6.2.10 GPS-DENIED SYSTEMS
           6.2.11 HYDROGEN PROPULSION
           6.2.12 ADDITIVE MANUFACTURING
           6.2.13 ALGORITHMS AND ANALYTICS FOR DRONE DELIVERY
                     FIGURE 28 ALGORITHMS AND ANALYTICS FOR DRONE DELIVERY
           6.2.14 DRONE INSURANCE
                     TABLE 28 TYPES OF INSURANCE COVERAGE OFFERED
                     TABLE 29 DRONE INSURANCE PROVIDERS
    6.3 IMPACT OF MEGATRENDS 
    6.4 INNOVATIONS & PATENT REGISTRATIONS 
           TABLE 30 CARGO DRONES MARKET: KEY PATENTS (2019–2022)
 
7 CARGO DRONES MARKET, BY SOLUTION (Page No. - 102)
    7.1 INTRODUCTION 
           FIGURE 29 SOFTWARE TO BE FASTEST SEGMENT DURING FORECAST PERIOD
           TABLE 31 CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
           TABLE 32 CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
    7.2 PLATFORM 
           7.2.1 AIRFRAME
                    7.2.1.1 e-commerce drives demand for high payload capacity airframe structures
           7.2.2 AVIONICS
                    7.2.2.1 Offer advanced flight control and communications systems
           7.2.3 PROPULSION
                    7.2.3.1 Use of electric power sources on the rise
           7.2.4 SOFTWARE
                    7.2.4.1 Use across applications leads to development of industry-specific drone software
    7.3 SOFTWARE 
           7.3.1 ROUTE PLANNING & OPTIMIZING
                    7.3.1.1 Innovation in route planning software to drive segment
           7.3.2 INVENTORY MANAGEMENT
                    7.3.2.1 Need for efficiency in cargo drone services
           7.3.3 LIVE TRACKING
                    7.3.3.1 Used to locate drones in real time to enable smooth operation
           7.3.4 FLEET MANAGEMENT
                    7.3.4.1 Successful delivery requires sophisticated solutions
           7.3.5 COMPUTER VISION
                    7.3.5.1 AI and deep learning-based software that analyzes drone operations
    7.4 INFRASTRUCTURE 
           7.4.1 GROUND CONTROL STATIONS
                    7.4.1.1 Used for remote monitoring and route planning
           7.4.2 CHARGING STATIONS
                    7.4.2.1 Wireless stations to increase range and efficiency
           7.4.3 LANDING PADS
                    7.4.3.1 Used for docking drones
           7.4.4 MICRO-FULFILLMENT CENTERS
                    7.4.4.1 Provide multiple benefits for drone operation
 
8 CARGO DRONES MARKET, BY PAYLOAD (Page No. - 109)
    8.1 INTRODUCTION 
           FIGURE 30 >1,000 KG SEGMENT TO HOLD MAJOR SHARE DURING FORECAST PERIOD
           TABLE 33 CARGO DRONES MARKET, BY PAYLOAD, 2019–2021 (USD MILLION)
           TABLE 34 CARGO DRONES MARKET, BY PAYLOAD, 2022–2030 (USD MILLION)
    8.2 10–49 KG 
           8.2.1 RISING USAGE OF DRONES IN HEALTHCARE SECTOR
    8.3 50–149 KG 
           8.3.1 WIDELY USED IN AGRICULTURAL SECTOR
    8.4 150–249 KG 
           8.4.1 INCREASING DEMAND FROM E-COMMERCE
    8.5 250–499 KG 
           8.5.1 GROWING USAGE OF DRONES IN MILITARY OPERATIONS
    8.6 500–999 KG 
           8.6.1 INCREASING R&D BY CHINESE FIRMS
    8.7 >1,000 KG 
           8.7.1 CARGO AIRCRAFT MANUFACTURING MARKET TO DRIVE SEGMENT
 
9 CARGO DRONES MARKET, BY INDUSTRY (Page No. - 113)
    9.1 INTRODUCTION 
           FIGURE 31 HEALTHCARE SEGMENT PROJECTED TO RECORD RAPID GROWTH DURING FORECAST PERIOD
           TABLE 35 CARGO DRONES MARKET, BY INDUSTRY, 2019–2021 (USD MILLION)
           TABLE 36 CARGO DRONES MARKET, BY INDUSTRY, 2022–2030 (USD MILLION)
    9.2 RETAIL 
           9.2.1 SHIPPING COMPANIES TO DELIVER USING DRONES
    9.3 HEALTHCARE 
           9.3.1 INCREASED USE OF MEDICAL DEVICES TO ADDRESS OUT-OF-HOSPITAL EMERGENCIES
    9.4 AGRICULTURE 
           9.4.1 HIGH DEMAND FOR EFFECTIVE IRRIGATION USING DRONES
    9.5 MARITIME 
           9.5.1 NEED FOR AUTONOMOUS SHIP-TO-SHIP AERIAL DELIVERY SERVICES FOR MILITARY APPLICATIONS
    9.6 DEFENSE 
           9.6.1 DEMAND FOR PRECISE MATERIAL DELIVERY TO FRONTLINE SQUADS
 
10 CARGO DRONES MARKET, BY TYPE (Page No. - 118)
     10.1 INTRODUCTION 
             FIGURE 32 ROTARY-WING SEGMENT TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
             TABLE 37 CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
             TABLE 38 CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
     10.2 FIXED-WING 
             10.2.1 BETTER STABILITY AND HIGH ENDURANCE TO DRIVE SEGMENT
     10.3 HYBRID 
             10.3.1 EASY DEPLOYMENT, HIGH ENDURANCE, AND LARGE PAYLOAD CAPACITY TO BOOST SEGMENT
     10.4 ROTARY-WING 
             10.4.1 DEMAND FOR EASY-TO-CONTROL AND ECONOMICAL DELIVERY DRONES TO FUEL GROWTH
 
11 CARGO DRONES MARKET, BY RANGE (Page No. - 121)
     11.1 INTRODUCTION 
             FIGURE 33 CLOSE-RANGE SEGMENT TO DOMINATE MARKET FROM 2022 TO 2030
             TABLE 39 CARGO DRONES MARKET, BY RANGE, 2019–2021 (USD MILLION)
             TABLE 40 CARGO DRONES MARKET, BY RANGE, 2022–2030 (USD MILLION)
     11.2 CLOSE-RANGE 
             11.2.1 RISE IN DEMAND FOR LOGISTICS FUELS GROWTH
     11.3 SHORT-RANGE 
             11.3.1 HELP REDUCE TIME REQUIRED TO COMPLETE AERIAL TASKS
     11.4 MID-RANGE 
             11.4.1 CAPABLE OF INTERCITY CARGO TRANSPORT
     11.5 LONG-RANGE 
             11.5.1 NEED FOR EMISSION REDUCTION TO BOOST SEGMENT
 
12 REGIONAL ANALYSIS (Page No. - 125)
     12.1 INTRODUCTION 
     12.2 RECESSION IMPACT ANALYSIS 
             FIGURE 34 RECESSION IMPACT ANALYSIS
             TABLE 41 CARGO DRONES MARKET, BY REGION, 2019–2021 (USD MILLION)
             TABLE 42 CARGO DRONES MARKET, BY REGION, 2022–2030 (USD MILLION)
     12.3 NORTH AMERICA 
             FIGURE 35 NORTH AMERICA: CARGO DRONES MARKET SNAPSHOT
             12.3.1 PESTLE ANALYSIS: NORTH AMERICA
                        TABLE 43 NORTH AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                        TABLE 44 NORTH AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                        TABLE 45 NORTH AMERICA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                        TABLE 46 NORTH AMERICA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 47 NORTH AMERICA: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 48 NORTH AMERICA: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             12.3.2 US
                        12.3.2.1 Presence of major delivery drone manufacturers
                                     TABLE 49 US: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 50 US: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 51 US: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 52 US: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.3.3 CANADA
                        12.3.3.1 Growing economy and presence of major players
                                     TABLE 53 CANADA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 54 CANADA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 55 CANADA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 56 CANADA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
     12.4 EUROPE 
             FIGURE 36 EUROPE: CARGO DRONES MARKET SNAPSHOT
             12.4.1 PESTLE ANALYSIS: EUROPE
                        TABLE 57 EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                        TABLE 58 EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                        TABLE 59 EUROPE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                        TABLE 60 EUROPE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 61 EUROPE: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 62 EUROPE: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             12.4.2 UK
                        12.4.2.1 Developments by major technology players
                                     TABLE 63 UK: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 64 UK: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 65 UK: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 66 UK: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.3 GERMANY
                        12.4.3.1 Increasing demand for inter-site logistics
                                     TABLE 67 GERMANY: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 68 GERMANY: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 69 GERMANY: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 70 GERMANY: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.4 FRANCE
                        12.4.4.1 Growing use of drones in pharmaceutical sector
                                     TABLE 71 FRANCE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 72 FRANCE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 73 FRANCE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 74 FRANCE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.5 ITALY
                        12.4.5.1 High demand from healthcare sector
                                     TABLE 75 ITALY: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 76 ITALY: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 77 ITALY: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 78 ITALY: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.6 SWITZERLAND
                        12.4.6.1 Adoption of automated landing space and payload control towers
                                     TABLE 79 SWITZERLAND: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 80 SWITZERLAND: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 81 SWITZERLAND: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 82 SWITZERLAND: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.7 NORWAY
                        12.4.7.1 Part of projects such as Nordic Drone Initiative
                                     TABLE 83 NORWAY: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 84 NORWAY: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 85 NORWAY: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 86 NORWAY: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.8 SWEDEN
                        12.4.8.1 Drones used for transport of medical devices
                                     TABLE 87 SWEDEN: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 88 SWEDEN: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 89 SWEDEN: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 90 SWEDEN: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.9 REST OF EUROPE
                        12.4.9.1 Increasing demand from emergency services
                                     TABLE 91 REST OF EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 92 REST OF EUROPE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 93 REST OF EUROPE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 94 REST OF EUROPE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
     12.5 ASIA PACIFIC 
             FIGURE 37 ASIA PACIFIC: CARGO DRONES MARKET SNAPSHOT
             12.5.1 PESTLE ANALYSIS: ASIA PACIFIC
                        TABLE 95 ASIA PACIFIC: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                        TABLE 96 ASIA PACIFIC: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                        TABLE 97 ASIA PACIFIC: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                        TABLE 98 ASIA PACIFIC: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 99 ASIA PACIFIC: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 100 ASIA PACIFIC: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             12.5.2 CHINA
                        12.5.2.1 Investments by tech players like JD.com, Meituan, and Alibaba
                                     TABLE 101 CHINA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 102 CHINA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 103 CHINA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 104 CHINA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.3 INDIA
                        12.5.3.1 Strong government push to promote domestic drone production
                                     TABLE 105 INDIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 106 INDIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 107 INDIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 108 INDIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.4 JAPAN
                        12.5.4.1 Increasing prevalence of drone delivery trials
                                     TABLE 109 JAPAN: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 110 JAPAN: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 111 JAPAN: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 112 JAPAN: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.5 AUSTRALIA
                        12.5.5.1 Government support and technological advancements
                                     TABLE 113 AUSTRALIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 114 AUSTRALIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 115 AUSTRALIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 116 AUSTRALIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.6 SOUTH KOREA
                        12.5.6.1 Increasing number of cargo drone manufacturers
                                     TABLE 117 SOUTH KOREA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 118 SOUTH KOREA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 119 SOUTH KOREA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 120 SOUTH KOREA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.7 NEW ZEALAND
                        12.5.7.1 Growing demand to assist emergency issues using drones
                                     TABLE 121 NEW ZEALAND: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 122 NEW ZEALAND: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 123 NEW ZEALAND: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 124 NEW ZEALAND: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.8 MALAYSIA
                        12.5.8.1 Use of drones for critical cargo delivery
                                     TABLE 125 MALAYSIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 126 MALAYSIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 127 MALAYSIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 128 MALAYSIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.9 SINGAPORE
                        12.5.9.1 Established regulatory framework for drones
                                     TABLE 129 SINGAPORE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 130 SINGAPORE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 131 SINGAPORE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 132 SINGAPORE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
     12.6 MIDDLE EAST 
           FIGURE 38 MIDDLE EAST: CARGO DRONES MARKET SNAPSHOT
             12.6.1 PESTLE ANALYSIS: MIDDLE EAST
                        TABLE 133 MIDDLE EAST: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                        TABLE 134 MIDDLE EAST: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                        TABLE 135 MIDDLE EAST: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                        TABLE 136 MIDDLE EAST: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 137 MIDDLE EAST: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 138 MIDDLE EAST: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             12.6.2 UAE
                        12.6.2.1 Flexible drone regulations in country
                                     TABLE 139 UAE: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 140 UAE: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 141 UAE: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 142 UAE: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.6.3 ISRAEL
                        12.6.3.1 High number of drone startups
                                     TABLE 143 ISRAEL: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 144 ISRAEL: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 145 ISRAEL: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 146 ISRAEL: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.6.4 SAUDI ARABIA
                        12.6.4.1 Increasing commercial applications of drones
                                     TABLE 147 SAUDI ARABIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 148 SAUDI ARABIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 149 SAUDI ARABIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 150 SAUDI ARABIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
     12.7 LATIN AMERICA 
             FIGURE 39 LATIN AMERICA: CARGO DRONES MARKET SNAPSHOT
             12.7.1 PESTLE ANALYSIS: LATIN AMERICA
                        TABLE 151 LATIN AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                        TABLE 152 LATIN AMERICA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                        TABLE 153 LATIN AMERICA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                        TABLE 154 LATIN AMERICA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
                        TABLE 155 LATIN AMERICA: CARGO DRONES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 156 LATIN AMERICA: CARGO DRONES MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             12.7.2 BRAZIL
                        12.7.2.1 Regulatory approvals and increasing customer interest
                                     TABLE 157 BRAZIL: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 158 BRAZIL: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 159 BRAZIL: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 160 BRAZIL: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.7.3 MEXICO
                        12.7.3.1 Growing usage of drones in healthcare sector
                                     TABLE 161 MEXICO: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 162 MEXICO: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 163 MEXICO: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 164 MEXICO: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.7.4 COLOMBIA
                        12.7.4.1 Healthcare deliveries by drones in rugged landscapes
                                     TABLE 165 COLOMBIA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 166 COLOMBIA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 167 COLOMBIA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 168 COLOMBIA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.7.5 ARGENTINA
                        12.7.5.1 Market driven by need for pandemic readiness
                                     TABLE 169 ARGENTINA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 170 ARGENTINA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 171 ARGENTINA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 172 ARGENTINA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.7.6 PERU
                        12.7.6.1 Need to address healthcare challenges in Amazon rainforest
                                     TABLE 173 PERU: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                                     TABLE 174 PERU: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                                     TABLE 175 PERU: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                     TABLE 176 PERU: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
     12.8 AFRICA 
             12.8.1 PESTLE ANALYSIS: AFRICA
                        TABLE 177 AFRICA: CARGO DRONES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)
                        TABLE 178 AFRICA: CARGO DRONES MARKET, BY SOLUTION, 2022–2030 (USD MILLION)
                        TABLE 179 AFRICA: CARGO DRONES MARKET, BY TYPE, 2019–2021 (USD MILLION)
                        TABLE 180 AFRICA: CARGO DRONES MARKET, BY TYPE, 2022–2030 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 185)
     13.1 INTRODUCTION 
             TABLE 181 KEY DEVELOPMENTS BY LEADING PLAYERS BETWEEN 2020 AND 2023
     13.2 RANKING ANALYSIS OF KEY PLAYERS IN CARGO DRONE MARKET 
             FIGURE 40 RANKING OF KEY PLAYERS IN CARGO DRONES MARKET, 2021
     13.3 REVENUE ANALYSIS OF KEY PLAYERS, 2021 
             FIGURE 41 CARGO DRONES MARKET: REVENUE ANALYSIS OF KEY COMPANIES (2017–2021)
     13.4 MARKET RANKING ANALYSIS OF KEY PLAYERS, 2021 
             FIGURE 42 CARGO DRONES: MARKET SHARE ANALYSIS, 2021
             TABLE 182 CARGO DRONES MARKET: DEGREE OF COMPETITION
     13.5 COMPANY EVALUATION QUADRANT 
             FIGURE 43 CARGO DRONES MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021
             13.5.1 STARS
             13.5.2 PERVASIVE PLAYERS
             13.5.3 EMERGING LEADERS
             13.5.4 PARTICIPANTS
     13.6 STARTUP/SME EVALUATION QUADRANT 
             FIGURE 44 CARGO DRONES MARKET COMPETITIVE LEADERSHIP MAPPING (SME)
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 STARTING BLOCKS
             13.6.4 DYNAMIC COMPANIES
                        TABLE 183 CARGO DRONES MARKET: KEY STARTUPS/SMES
                        TABLE 184 CARGO DRONE MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
             13.6.5 COMPETITIVE BENCHMARKING
                        TABLE 185 COMPANY PRODUCT FOOTPRINT
                        TABLE 186 COMPANY TYPE FOOTPRINT
     13.7 COMPETITIVE SCENARIO AND TRENDS 
             13.7.1 PRODUCT LAUNCHES
                        TABLE 187 CARGO DRONES MARKET: PRODUCT LAUNCHES, 2020–JANUARY 2023
             13.7.2 DEALS
                        TABLE 188 CARGO DRONES MARKET: DEALS, 2020–JANUARY 2023
 
14 COMPANY PROFILES (Page No. - 211)
     14.1 INTRODUCTION 
     14.2 KEY PLAYERS 
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
             14.2.1 NATILUS
                        TABLE 189 NATILUS: BUSINESS OVERVIEW
                        TABLE 190 NATILUS: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 191 NATILUS: DEALS
                        TABLE 192 NATILUS: OTHERS
             14.2.2 DRONAMICS
                        TABLE 193 DRONAMICS: BUSINESS OVERVIEW
                        TABLE 194 DRONAMICS: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 195 DRONAMICS: DEALS
                        TABLE 196 DRONAMICS: OTHERS
             14.2.3 SILENT ARROW
                        TABLE 197 SILENT ARROW: BUSINESS OVERVIEW
                        TABLE 198 SILENT ARROW: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 199 SILENT ARROW: PRODUCT LAUNCHES
                        TABLE 200 SILENT ARROW: DEALS
             14.2.4 SABREWING AIRCRAFT COMPANY
                        TABLE 201 SABREWING AIRCRAFT COMPANY: BUSINESS OVERVIEW
                        TABLE 202 SABREWING AIRCRAFT COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 203 SABREWING AIRCRAFT COMPANY: PRODUCT LAUNCHES
                        TABLE 204 SABREWING AIRCRAFT COMPANY: DEALS
                        TABLE 205 SABREWING AIRCRAFT COMPANY: OTHERS
             14.2.5 ELROY AIR
                        TABLE 206 ELROY AIR: BUSINESS OVERVIEW
                        TABLE 207 ELROY AIR: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 208 ELROY AIR: DEALS
                        TABLE 209 ELROY AIR: PRODUCT LAUNCHES
                        TABLE 210 ELROY AIR: OTHERS
             14.2.6 VOLOCOPTER GMBH
                        TABLE 211 VOLOCOPTER GMBH: BUSINESS OVERVIEW
                        TABLE 212 VOLOCOPTER GMBH: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 213 VOLOCOPTER GMBH: DEALS
                        TABLE 214 VOLOCOPTER GMBH: OTHERS
             14.2.7 DUFOUR AEROSPACE
                        TABLE 215 DUFOUR AEROSPACE: BUSINESS OVERVIEW
                        TABLE 216 DUFOUR AEROSPACE: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 217 DUFOUR AEROSPACE: PRODUCT LAUNCHES
                        TABLE 218 DUFOUR AEROSPACE: DEALS
                        TABLE 219 DUFOUR AEROSPACE: OTHERS
             14.2.8 THE BOEING COMPANY
                        TABLE 220 THE BOEING COMPANY: BUSINESS OVERVIEW
                        FIGURE 45 THE BOEING COMPANY: COMPANY SNAPSHOT
                        TABLE 221 THE BOEING COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.2.9 AIRBUS
                        TABLE 222 AIRBUS: BUSINESS OVERVIEW
                        FIGURE 46 AIRBUS: COMPANY SNAPSHOT
                        TABLE 223 AIRBUS: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 224 AIRBUS: PRODUCT LAUNCHES
             14.2.10 PIPISTREL
                        TABLE 225 PIPISTREL: BUSINESS OVERVIEW
                        TABLE 226 PIPISTREL PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 227 PIPISTREL: DEALS
             14.2.11 EHANG
                        TABLE 228 EHANG: BUSINESS OVERVIEW
                        FIGURE 47 EHANG: COMPANY SNAPSHOT
                        TABLE 229 EHANG: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 230 EHANG: PRODUCT LAUNCHES
                        TABLE 231 EHANG: DEALS
                        TABLE 232 EHANG: OTHERS
             14.2.12 BELL TEXTRON INC.
                        TABLE 233 BELL TEXTRON INC.: BUSINESS OVERVIEW
                        FIGURE 48 BELL TEXTRON INC.: COMPANY SNAPSHOT
                        TABLE 234 BELL TEXTRON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 235 BELL TEXTRON INC.: OTHERS
             14.2.13 KAMAN CORPORATION
                        TABLE 236 KAMAN CORPORATION: BUSINESS OVERVIEW
                        FIGURE 49 KAMAN CORPORATION: COMPANY SNAPSHOT
                        TABLE 237 KAMAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 238 KAMAN CORPORATION: PRODUCT LAUNCHES
                        TABLE 239 KAMAN CORPORATION: DEALS
             14.2.14 BAE SYSTEMS
                        TABLE 240 BAE SYSTEMS: BUSINESS OVERVIEW
                        FIGURE 50 BAE SYSTEMS: COMPANY SNAPSHOT
                        TABLE 241 BAE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 242 BAE SYSTEMS: DEALS
             14.2.15 DRONE DELIVERY CANADA CORP.
                        TABLE 243 DRONE DELIVERY CANADA CORP.: BUSINESS OVERVIEW
                        FIGURE 51 DRONE DELIVERY CANADA CORP.: COMPANY SNAPSHOT
                        TABLE 244 DRONE DELIVERY CANADA CORP.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 245 DRONE DELIVERY CANADA CORP.: DEALS
                        TABLE 246 DRONE DELIVERY CANADA CORP.: OTHERS
     14.3 OTHER PLAYERS 
             14.3.1 FLYING BASKET
                        TABLE 247 FLYING BASKET: COMPANY OVERVIEW
             14.3.2 ARC AEROSYSTEMS
                        TABLE 248 ARC AEROSYSTEMS: COMPANY OVERVIEW
             14.3.3 H3 DYNAMICS
                        TABLE 249 H3 DYNAMICS: COMPANY OVERVIEW
             14.3.4 GADFIN
                        TABLE 250 GADFIN: COMPANY OVERVIEW
             14.3.5 SKYPORTS INFRASTRUCTURE LIMITED
                        TABLE 251 SKYPORTS INFRASTRUCTURE LIMITED: COMPANY OVERVIEW
             14.3.6 STEADICOPTER
                        TABLE 252 STEADICOPTER: COMPANY OVERVIEW
             14.3.7 SINGULAR AIRCRAFT
                        TABLE 253 SINGULAR AIRCRAFT: COMPANY OVERVIEW
             14.3.8 PHOENIX WINGS
                        TABLE 254 PHOENIX WINGS: COMPANY OVERVIEW
             14.3.9 AIRSPACE EXPERIENCE TECHNOLOGIES INC.
                        TABLE 255 AIRSPACE EXPERIENCE TECHNOLOGIES INC.: COMPANY OVERVIEW
             14.3.10 UAVOS INC.
                        TABLE 256 UAVOS INC.: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
15 APPENDIX (Page No. - 268)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 
 

The research study conducted on the Cargo Drones market involved extensive use of secondary sources, including directories, databases of articles, journals on cargo drones, company newsletters, and information portals such as Hoover’s, Bloomberg, and Factiva to identify and collect information useful for this extensive, technical, market-oriented, and commercial study of the cargo drones market. Primary sources are several industry experts from the core and related industries, alliances, organizations, Original Equipment Manufacturers (OEMs), vendors, suppliers, and technology developers. These sources relate to all segments of the value chain of the cargo drones industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and to assess future prospects of the market.

Secondary Research

In the secondary research process, various secondary sources were referred to identify and collect information for this study on the Cargo Drones market. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers and certified publications; articles from recognized authors; manufacturer's associations; directories; and databases. Secondary research was mainly used to obtain key information about the supply chain of the Cargo Drones industry, the monetary chain of the market, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted to obtain qualitative and quantitative information for this report on the Cargo Drones market. Several primary interviews were conducted with the market experts from both demand- and supply-side across major regions, namely, North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. Primary sources from the supply-side included industry experts such as business development managers, sales heads, technology and innovation directors, and related key executives from various key companies and organizations operating in the Cargo Drones market.

Cargo Drones Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Key Primary Sources

Company Name

Designation

Unmanned Dynamics India Private Limited

Design Engineer

Volatus Aerospace

Regional Director

Flying Basket

Supply chain & Procurement Specialist

Eva

Global Account Manager & MD

Market Size Estimation

The Cargo Drones market is an emerging one due to the growing demand for faster delivery. Both top-down and bottom-up approaches were used to estimate and validate the size of the Cargo Drones market. The research methodology used to estimate the market size also included the following details:

Key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Market size estimation methodology: Bottom-Up Approach

Cargo Drones Market Size, and Bottom-up approach

Market size estimation methodology: Top Down Approach

Cargo Drones Market Size, and Top Down Approach

Data Triangulation

After arriving at the overall size of the Cargo Drones market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated sizes of different market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

A cargo drone is an unmanned aircraft that can transport a load to a location while being ecologically beneficial. Cargo drones are available in small, medium, and big sizes, each with a varied performance capacity. They frequently come with cutting-edge software and strong sensors. Cargo drones have first-mile, middle-mile, and last-mile delivery capabilities.

Key Stakeholders

  • Senior Management
  • End User
  • Finance/Procurement Department
  • R&D Department

Report Objectives

  • To define, describe, segment, and forecast the size of the cargo drones market based on payload, solution, industry, range, type, and region.
  • To forecast the size of different segments of the market with respect to various regions, including North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa, along with key countries in each of these regions.
  • To identify and analyze key drivers, opportunities, restraints and challenges influencing the growth of the cargo drones market.
  • To identify technology trends that are currently prevailing in the cargo drones market.
  • To provide an overview of the tariff and regulatory landscape with respect to the cargo drone regulations across regions.
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
  • To analyze opportunities in the market for stakeholders by identifying key market trends.
  • To profile key market players and comprehensively analyze their market share and core competencies2.
  • To analyze the degree of competition in the market by identifying key growth strategies, such as new product launches, contracts, partnerships, collaborations, expansions and agreements, adopted by leading market players.
  • To identify detailed financial positions, key products, and unique selling points of leading companies in the market.
  • To provide a detailed competitive landscape of the cargo drones market, along with a ranking analysis, market share analysis, and revenue analysis of key players.

Available customizations

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Product Analysis

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Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

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