Cargo Drones Market by Industry (Retail, Healthcare, Agriculture, Defense and Maritime), Range (Close-Range, Short-Range, Mid-Range, Long-Range) - Global Forecast 2023 to 2032

Cargo Drones Market by Industry (Retail, Healthcare, Agriculture, Defense and Maritime), Range (Close-Range, Short-Range, Mid-Range, Long-Range) - Global Forecast 2023 to 2032



The global cargo drones market size is expected to reach USD 14,592.47 million by 2032, according to a new study by Polaris Market Research. The report “Cargo Drones Market by Industry (Retail, Healthcare, Agriculture, Defense and Maritime), Range (Close-Range, Short-Range, Mid-Range, Long-Range) - Global Forecast 2023 to 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The primary prerequisites for the use of cargo drones in the airspace of different countries are the approval of the relevant governments and the regulations they establish to ensure proper air traffic management, adequate data support, effective controller training, and social adaptability by the population in those countries. By developing new drone technologies or enhancing existing ones, governments from many different countries are trying to increase their defence capabilities.

The cost of building the drone infrastructure and political obstacles to obtaining the required approval for the development of drone ecosystems raise uncertainty about the growth of this market.

The future of drone use in logistics operations presents a significant chance for the middle-mile delivery sector. While some businesses focus on last-mile delivery from retailers to consumers, middle-mile logistics are frequently ignored. Due to the larger payloads of cargo drones, businesses are now focusing on middle-mile logistics, or those that take place between one company and another, such as from a port to a distribution centre or from a distribution centre to a store.

Middle-mile drone transportation goals using semi-trucks and intermodal freight networks. Drones used for middle-mile operations have greater 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 up to 500 lb of goods.

In March 2022, FedEx (US) partnered with Elroy Air (US), an eVTOL freight drone provider, in California to investigate autonomous transport alternatives for its middle-mile delivery operations. According to the conditions of this agreement, FedEx Express, a FedEx subsidiary, will start testing Elroy Air's Chaparral cargo drones in 2023.

The growth of COVID-19 has been advantageous for the drone industry. The most important part of controlling this outbreak is to promote social distance, and drones were helpful in many duties that limited physical contact between people, like checking the temperature at available facilities and delivering medical supplies, among other things. One of the key characteristics that has aided the market's expansion is the adaptability with which drones carry out their operational procedures.

The weather conditions most likely to prevent drone use are precipitation, which can damage electronics, strong winds, which can drain batteries more quickly or even cause drones to lose control, and low temperatures, which greatly reduce battery performance.

Cargo Drones Market Report Highlights

The healthcare sector of the cargo drones market is being pushed by the need to provide medical assistance in rural and remote locations. The cargo drones market has been segmented by sector, including retail, healthcare, agriculture, defense, and maritime.

The mid-range category is expected to experience a higher CAGR over the course of the forecast period. The rising demand for inexpensive, quick, and long-distance cargo transit is driving this market segment.

The Asia Pacific area is predicted to have the highest CAGR over the predicted period and the second-largest share in 2022. Due to the fact that the Asia Pacific region has been developing new advancements in the cargo drone industry, the countries in this region offer significant opportunities for cargo drone makers.

Flying Basket (Italy), Natilus (US), ARC Aerosystems (UK), Dronamics (UK), H3 Dynamics (Singapore), Kaman Corporation (US), and Sabrewing Aircraft Company are a few of the leading companies active in the global industry. (US).

Polaris Market Research has segmented the Cargo Drones Market report based on industry, range and region:

Cargo Drones, Industry Outlook (Revenue - USD Million, 2019 - 2032)

Retail

Healthcare

Agriculture

Defense

Maritime

Cargo Drones, Range Outlook (Revenue - USD Million, 2019 - 2032)

Close – Range

Short- Range

Mid – Range

Long – Range

Cargo Drones, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Cargo Drones Market Insights
4.1. Cargo Drones Market – Industry Snapshot
4.2. Cargo Drones Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing investment in cargo drones
4.2.1.2. Smart city initiative
4.2.2. Restraints and Challenges
4.2.2.1. Drone safety and security-related issues
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Cargo Drones Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Cargo Drones Market, by Industry
5.1. Key Findings
5.2. Introduction
5.2.1. Global Cargo Drones, by Industry, 2019-2032 (USD Billion)
5.3. Retail
5.3.1. Global Cargo Drones Market, by Retail, by Region, 2019-2032 (USD Billion)
5.4. Healthcare
5.4.1. Global Cargo Drones Market, by Healthcare, by Region, 2019-2032 (USD Billion)
5.5. Agriculture
5.5.1. Global Cargo Drones Market, by Agriculture, by Region, 2019-2032 (USD Billion)
5.6. Defence
5.6.1. Global Cargo Drones Market, by Defence, by Region, 2019-2032 (USD Billion)
5.7. Maritime
5.7.1. Global Cargo Drones Market, by Maritime, by Region, 2019-2032 (USD Billion)
6. Global Cargo Drones Market, by Range
6.1. Key Findings
6.2. Introduction
6.2.1. Global Cargo Drones Market, by Range, 2019-2032 (USD Billion)
6.3. Close – Range
6.3.1. Global Cargo Drones Market, by Close – Range, by Region, 2019-2032 (USD Billion)
6.4. Short- Range
6.4.1. Global Cargo Drones Market, by Short- Range, by Region, 2019-2032 (USD Billion)
6.5. Mid – Range
6.5.1. Global Cargo Drones Market, by Mid – Range, by Region, 2019-2032 (USD Billion)
6.6. Long - Range
6.6.1. Global Cargo Drones Market, by Long - Range, by Region, 2019-2032 (USD Billion)
7. Global Cargo Drones Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Cargo Drones Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Cargo Drones Market – North America
7.3.1. North America: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.3.2. North America: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.3.3. Cargo Drones Market – U.S.
7.3.3.1. U.S.: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.3.4. Cargo Drones Market – Canada
7.3.4.1. Canada: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.3.4.2. Canada: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4. Cargo Drones Market – Europe
7.4.1. Europe: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.2. Europe: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4.3. Cargo Drones Market – UK
7.4.3.1. UK: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.3.2. UK: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4.4. Cargo Drones Market – France
7.4.4.1. France: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.4.2. France: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4.5. Cargo Drones Market – Germany
7.4.5.1. Germany: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.5.2. Germany: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4.6. Cargo Drones Market – Italy
7.4.6.1. Italy: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.6.2. Italy: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4.7. Cargo Drones Market – Spain
7.4.7.1. Spain: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.7.2. Spain: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4.8. Cargo Drones Market – Netherlands
7.4.8.1. Netherlands: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.4.9. Cargo Drones Market – Russia
7.4.9.1. Russia: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.4.9.2. Russia: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.5. Cargo Drones Market – Asia Pacific
7.5.1. Asia Pacific: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.5.3. Cargo Drones Market – China
7.5.3.1. China: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.5.3.2. China: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.5.4. Cargo Drones Market – India
7.5.4.1. India: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.5.4.2. India: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.5.5. Cargo Drones Market – Malaysia
7.5.5.1. Malaysia: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.5.6. Cargo Drones Market – Japan
7.5.6.1. Japan: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.5.6.2. Japan: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.5.7. Cargo Drones Market – Indonesia
7.5.7.1. Indonesia: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.5.8. Cargo Drones Market – South Korea
7.5.8.1. South Korea: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.6. Cargo Drones Market – Middle East & Africa
7.6.1. Middle East & Africa: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.6.3. Cargo Drones Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.6.4. Cargo Drones Market – UAE
7.6.4.1. UAE: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.6.4.2. UAE: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.6.5. Cargo Drones Market – Israel
7.6.5.1. Israel: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.6.5.2. Israel: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.6.6. Cargo Drones Market – South Africa
7.6.6.1. South Africa: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.7. Cargo Drones Market – Latin America
7.7.1. Latin America: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.7.2. Latin America: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.7.3. Cargo Drones Market – Mexico
7.7.3.1. Mexico: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.7.4. Cargo Drones Market – Brazil
7.7.4.1. Brazil: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
7.7.5. Cargo Drones Market – Argentina
7.7.5.1. Argentina: Cargo Drones Market, by Range, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Cargo Drones Market, by Industry, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Flying Basket (Italy)
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Natilus (US)
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. ARC Aerosystems (UK)
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Dronamics (UK)
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. H3 Dynamics (Singapore)
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Kaman Corporation (US)
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Sabrewing Aircraft Company (US)
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development

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