Cargo Drones Market to Reach $ 16.9 Billion, Globally, by 2032 at 38.1% CAGR

Allied Market Research - Seite 2

No. of Pages in Report

416

Segments Covered

Propulsion, Wing Type, Industry, Payload, and Region.

Drivers

Rise of e-commerce

The increase in demand for faster delivery & improved efficiency in freight transportation

Surge in environmental concerns to reduce CO2 emissions and carbon footprint

Opportunities

Technological advancements

Integration of cargo drones in middle-mile logistics

Restraints

High initial cost

Regulatory compliance

 

Covid-19 Scenario

• The cargo drones industry was severely impacted during the pandemic due to the disruptions in the supply chain, restrictions on trade, and transportation.
• However, post-pandemic there was a shift towards contactless delivery methods. As consumers preferred safer and more hygienic delivery options, there was a surge in demand for last-mile delivery services, including cargo drones. Moreover, the need for faster and on-demand delivery, and the rapidly rising e-commerce industry boosted the growth of the market.

The electric segment to maintain its leadership status throughout the forecast period

Based on propulsion, the electric segment held the highest market share in 2021, accounting for more than two-fifths of the global cargo drone market revenue, and is estimated to maintain its leadership status throughout the forecast period. As concerns over climate change and environmental sustainability continue to grow resulting in increased demand for cargo drones. However, the hybrid segment is projected to manifest the highest CAGR of 39.4% from 2022 to 2031, owing to the rise in popularity of hybrid drones in industries such as logistics and transportation, where there is a need for drones that can carry heavier payloads over longer distances.