With the emergence and long-term Impact of COVID-19, Global Cargo Drones Market to reach USD 9.0 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Cargo Drones Market points towards a potential rise to USD 9.0 Billion by 2030. Cargo drones are unmanned aerial vehicles (UAVs) used for cargo delivery. The delivery of medical goods such as vaccines, blood samples, and drugs can be made to remote and challenging-to-reach locations utilizing cargo drones. Using cargo drones, small and light e-commerce items can be delivered in urban areas more swiftly and effectively.
Cargo drones are used for crop monitoring, mapping, and spraying to increase crop yields and cut expenses. In disaster-affected areas, cargo drones help is providing critical supplies such as food, water, and shelter. The Cargo Drones Market is expanding because of factors such as the increasing e-commerce industry, increase in demand for faster delivery and improved efficiency in freight transportation and surge in environmental concerns to reduce CO2 emissions and carbon footprint.
Geographically, the global Cargo Drones market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of key market players and rising e-commerce industry and the rise in demand for fast and efficient delivery. Asia Pacific is expected to growing at a significant rate during the forecast period, owing to factors such as rising e-commerce industry, geographic expansion of key players, and active participation of government for reducing carbon emission.
The global Cargo Drones market is highly competitive owing to the presence of several key players such as ARC Aerosystems DRONAMICS EHang Holdings Ltd. Elroy Air PIPISTREL d.o.o SkyDrive Inc UAVOS Inc VOLOCOPTER GmbH Singular Aircraft Textron Inc, and others.
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Key findings of the study suggest:
- Global Cargo Drones Market is anticipated to grow with a healthy growth rate of more than 38.1% over the forecast period 2023-2030.
- In the Propulsion segment, Gasoline-powered emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the dominance of key market players and rising e-commerce industry and the rise in demand for fast and efficient delivery.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Propulsion:
- Gasoline-powered
- Electric
- Hybrid
- Others
By Wing Type:
- Fixed-wing
- Multi-rotor
- Hybrid
By Industry:
- Retail
- Healthcare
- Agriculture
- Defense
- Others
By Payload:
- 0.5 to 100 kg
- 101 to 1000 kg
- Above 1000 kg
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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