MarkNtel Advisors Predicts Cargo Drones Market to Surge to USD 9.35 Billion by 2030 at 36% CAGR

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Cargo Drones Market, The Global Cargo Drones Market size was valued at USD 1.78 Billion in 2024 and is projected to reach USD 9.35 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 36% during the forecast period, i.e., 2025-30. The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Cargo Drones Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 1.78 Billion
CAGR (2025-2030): 36%

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Global Cargo Drones Market Segmentation Breakdown:

By Solution
- Platform- Market Size & Forecast 2020-2030, USD Million
- Software- Market Size & Forecast 2020-2030, USD Million
- Infrastructure- Market Size & Forecast 2020-2030, USD Million
By Propulsion
- Gasoline-powered- Market Size & Forecast 2020-2030, USD Million
- Electric- Market Size & Forecast 2020-2030, USD Million
- Hybrid- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
By Product Type
- Fixed-wing- Market Size & Forecast 2020-2030, USD Million
- Rotary-wing- Market Size & Forecast 2020-2030, USD Million
- Hybrid- Market Size & Forecast 2020-2030, USD Million
By Payload
- 5- 10 Kg- Market Size & Forecast 2020-2030, USD Million
- 11-50 Kg- Market Size & Forecast 2020-2030, USD Million
- 51-150 Kg- Market Size & Forecast 2020-2030, USD Million
- 151-250 Kg- Market Size & Forecast 2020-2030, USD Million
- 251-500 Kg- Market Size & Forecast 2020-2030, USD Million
- 501-750 Kg- Market Size & Forecast 2020-2030, USD Million
- >Above 750 Kg- Market Size & Forecast 2020-2030, USD Million

As the cargo drone industry is in its nascent stage driven by the R&D, the small payload capacity drone captured the highest market share. However, the market is undergoing a transition with the emergence of new application areas. In 2024, cargo drones with a payload capacity of up to 150 kg dominated the market.

By Range
- Close-range (< 10 Km)- Market Size & Forecast 2020-2030, USD Million
- Short-range (11 to 50 Km) - Market Size & Forecast 2020-2030, USD Million
- Mid-range (51 to 300 Km) - Market Size & Forecast 2020-2030, USD Million
- Long-range (>300 Km) - Market Size & Forecast 2020-2030, USD Million

In 2024, Close Range cargo drones grabbed the highest market share of the cargo drones market. With the rapid rise in urbanization, traffic congestion, etc., the demand for close-range drones is surging from the retail and e-commerce industries.

By End User
- Retail- Market Size & Forecast 2020-2030, USD Million
- Healthcare- Market Size & Forecast 2020-2030, USD Million
- Agriculture- Market Size & Forecast 2020-2030, USD Million
- Defense- Market Size & Forecast 2020-2030, USD Million
- Maritime- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million

Geographical Growth Insights:

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

In 2023, North America had the highest market share in the global cargo drones market driven by the growing. The usage of cargo drones is in the trial phase by the US Navy.

MarkNtel Advisors Highlights Key Market Drivers for Cargo Drones Market:

Global Efforts on Reducing Carbon Emission from the Transportation Industry: The global transportation industry has been facing the headwinds of numerous multinational institutions to reduce their carbon footprints. The aviation industry is one of the major contributors of the Chloroflouro carbons, while trucks used for transportation are contributing immensely to the emission of carbon. Therefore, cargo drones are emerging as another dimension to greener and faster modes of transportation. According to the research conducted by Carnegie Mellon University and SRI International, the carbon emission by a truck per package was around 1 kg in the US in 2023.

However, package delivery through a cargo drone roughly generated 54% less carbon. Moreover, it has been found that cargo drones could minimize energy consumption by 90% and Greenhouse gas emissions by more than 30%. Therefore, the companies such as Amazon, UPS, DHL, Google, etc., are increasingly working with cargo drone manufacturers to gradually integrate drone-based logistics solutions.

A Comprehensive Analysis of Leading Companies in Global Cargo Drones Market

Dronamics, Natilus, Elroy, AIC Corporation, Silent Arrow, ARC, Sabrewing, and Others

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Global Cargo Drones Industry Recent Development:

2024: Dronamics raised USD11 million from the European Innovation Council (EIC). The purpose of the fundraise was to launch its commercial operations
2024: FAA approval was granted to Amazon by the Government of the United States for its cargo drones’ beyond-visual-line-of-sight (BVLOS) flights in the state of Texas

What are the growth Challenge driving the Global Cargo Drones Market?

Unstructured Regulatory Framework Negatively Impacting the Market Growth: Since the cargo drone market is in its embryonic stage, the global regulations applicable to this industry are completely translucent or nonexistent in some cases. For instance, the European Union Aviation Safety Agency (EASA) and the U.S. Department of Transportation’s Federal Aviation Administration (FAA) have devised the regulations for drone industry, however, certain conditions are in place for operating drones at night time. The regulatory framework for cargo drones in certain European, South Asian, and Middle Eastern countries is still unclear.

The regulations for the integration of drones in the marine industry require multinational agreements and acceptance by the countries involved. Eventually, the regulations applicable to this industry are completely non-existent. The regulations for the delivery of medical supplies via drones are in the discussion phase of the governments and would require a couple of more years to see daylight. So, these events and circumstances are hindering the growth of the cargo drone market.

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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