CHICAGO, March 22, 2023 /PRNewswire/ — The Cargo Drones market is estimated to be USD 0.6 billion in 2022 and is projected to reach USD 9.4 billion by 2030, at a CAGR of 38.6% during the forecast period according to a new report by MarketsandMarkets™. Increasing B2B middle mile logistics market and increased use of cargo drones in military operations are driving the growth of the Cargo Drones market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=252936360
Browse in-depth TOC on “Cargo Drones Market” 256 – Tables
51 – Figures
273 – Pages
Based on Solution, the software segment is expected to grow at the highest CAGR during the forecast period.
The solution segment has been segmented into platform, software and infrastructure. The growth of software segment can be attributed to the increasing need of software solutions for optimizing and planning the cargo drone route, for fleet management and inventory management.
Based on Payload, the 50-149 Kg segment is projected to grow at the highest CAGR during the forecast period.
50-149 Kg segment is projected to grow at the highest CAGR in the cargo drone market. The growth of this segment is attributed to the ongoing research in this area to reduce the money and time of the consumers. New technologies are being employed to these cargo drones for them to fly nearly 120 to 180 minutes on a single charge.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=252936360
Based on region, the Asia Pacific segment is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific region is expected to lead the Cargo Drones market in 2022. The regions studied in this market are China, India,Australia, Japan, South Korea, New Zealand, Malaysia and Singapore. China and Japan are one of the major global players present in the Asia Pacific, which invests heavily in the development of cargo drone technologies. Retail and e-commerce are the most dominant applications for the market in this region, followed by healthcare. The demand for cargo drones in this region is increasing due to the increasing need to deliver cargo faster and within a short time especially to rural areas.
Major players operating in the Cargo Drones market include Volocopter Gmbh (Germany), Dufour Aerospace (Switzerland), The Boeing Company (US), Pipistrel (Slovenia) and EHang (China) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=252936360
Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports:
Drone Software Market by Solution (Application, System), Platform (Defense & Government, Commercial, Consumer) Architecture (Open Source, Closed Source), Deployment (Onboard Drone, Ground-Based, Region – Global Forecast to 2027
Drone Logistics and Transportation Market by Solution (System, Software and Infrastructure), Platform (Freight Drone, Passenger Drone and Air Ambulance Drone), Application (Logistics and Transportation), Range, User – Global Forecast to 2030
UAV Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region – Global Forecast to 2027
Drone Payload Market by Type (EO/IR, Cameras, SAR, Sigint, Elint, Comint, MPR, Laser Sensors, CBRN Sensors & Optronics), End-User (Defense & Commercial), and Region – Global Forecast to 2021
Small Drone Market by Platform (Civil & Commercial and Defense & Government), Type (Fixed Wing, Rotary Wing, and Hybrid), Application, Mode of Operation, Power Source (Fully Powered, Battery Powered) & Region – Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/cargo-drones-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/cargo-drones.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets