Jun 17,2023 | Aerospace & Defence
Unmanned aerial vehicles (UAVs) used for cargo are known as cargo drones. They provide an alternative to conventional transportation techniques since they can transport huge payloads over vast distances. Cargo drones may provide advantages including lower transportation costs, quicker deliveries, and easier access to inaccessible or difficult-to-reach places.
The cargo drones market size is projected to grow from US$ 600 million in 2022 to US$ 9.4 billion by 2030, at a CAGR of 38.6% during the forecast period. The market is driven by various factors, such as surging need for more effective, cost efficient and quick movement of shipments, decreasing prices of cargo drone components, and the increasing demand for heavy lift cargo drones to transport heavy payload cargo quickly with less carbon emissions. However, dearth of skilled and trained drone operators, uncertainty in regulations is limiting the overall growth of the market.
Europe is estimated to account for the second largest CAGR in the cargo drones in the forecasted year. The European region for this study comprises of UK, Germany, France, Italy, Switzerland, Norway, Sweden and Rest of Europe. Rising developments of cargo drones by several European based companies. The technological upgrades in cargo drones such as payloads, sensors are expected to drive this segment.
Prominent companies in the cargo drones’ market are Elroy Air (US), Silent Arrow (US), Dronamics (UK), Natilus (US) and Volocopter Gmbh (Germany) among others.
An in-depth market study conducted by industry experts is available on Bharatbook. The study covers the size and the growth potential of this market across different segments, such as payload, type, industry, solution, range and region. It also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cargo drones market and its subsegments. Additionally, it covers the entire ecosystem of the cargo drones industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The study will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
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