The cargo drones market is projected to grow from USD 0.6 billion in 2022 to USD 9.4 billion by 2030, at a CAGR of 38.6% during the forecast period from 2022 to 2030. The market growth can be attributed to an increasing investments in cargo drones, reducing prices of cargo drone components and demand for more effective and faster cargo shipment.
Natilus (US), Dronamics (UK), Sabrewing Aicraft Company (US), Silent Arrow (US), and Elroy Air (US) are some of the leading companies in the cargo drones market. To strengthen their position in this market, these companies have implemented a variety of growth strategies which include new product developments, contracts, collaborations, expansions, certifications, agreements, acquisitions, and R&D activities.
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Natilus (US) was co-founded in 2016 to commoditize the cargo transportation sector through creativity and cutting-edge technology. It was established with the goal of decentralizing the air cargo transport sector by developing a new fleet of autonomous, blended wing body (BWB) freight aircraft that will commoditize airfreight and cut emissions by half. Natilus aircraft create a new turnkey solution for clients using preexisting ground infrastructure and typical air cargo containers. To reduce the overall cost of the solution and produce 50% less CO2, Natilus vehicles transport cargo with a more aerodynamic profile.
Dronamics (UK) is the first cargo drone airline in the world. It is developing a middle-mile powered cargo drone named Black Swan, which can transport 350 kg (770 lb) to a distance of up to 2,500 km (1,550 mi), up to 80% faster, 50% less expensively, and with up to 60% fewer emissions than alternative modes of transportation, such as air freight. The company is a pioneer in the development and operation of large, long-range drones designed specifically for cargo. This makes it possible for a range of businesses, including pharma, food, e-commerce, and spare parts, to ship the same day over very long distances. Dronamics is the first authorized cargo drone airline in Europe and the first Global Strategic Partner for drones for IATA.
Yates Electrospace Corporation is doing business as (DBA) Silent Arrow (US), which was established in 2012. It was founded by electric aviation pioneer Chip Yates to manufacture the Silent Arrow and AVIUS Air Delivery autonomous cargo drone product lines. Silent Arrow's heavy payload autonomous cargo delivery UAS are available in four platforms: GD-2000 (Glider/Disposable/Autonomous), GD-2000 WB (Wide Body Glider/Disposable/Autonomous), SA-PGB (Precision Guided Bundle), and ER-2500 (Extended Range/2,500 lbs). The company's engineering team has received more than 20 patents, six FAI (Fédération Aéronautique Internationale) aircraft world records, and two FAI Louis Bleriot medals for their innovative work in the aviation sector.
Sabrewing Aircraft Company (SACO) (US) produces unmanned heavy-lift commercial cargo air vehicles. At its Dragonworks Lab in Silicon Valley, Sabrewing develops cutting-edge technologies for sophisticated unmanned cargo aircraft. The Sabrewing team has more than 98 years of experience designing and building aircraft, while the flight test team has more than 145 years of experience doing flight tests and obtaining certification from the FAA, EASA, CAA, Air Transport Canada, and other regulatory bodies.
Elroy Air (US) is an aerospace and logistics startup that is working to bring express delivery to 1 billion people worldwide by creating industry-first autonomous aircraft hardware and software. Building on the hybrid-electric/autonomous vehicle revolution's powertrain and perception technologies, its vertical-takeoff-and-landing (VTOL) aerial logistics systems may operate outside of airport infrastructure and expand the realm of what is feasible for commercial air cargo. The company's solutions will increase delivery areas, shorten delivery times, offer emergency assistance and relief in the event of a disaster or fire, and provide quick autonomous resupply for troops on the front lines. The company is based in South San Francisco, California, and is funded by Catapult Ventures, Marlinspike Capital, and Prosperity7 Ventures, as well as strategic investors like Lockheed Martin Ventures and innovative angel investors.
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
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