Global Unmanned Cargo Aircraft Market Worth US$18.7 billion by 2031

Amsterdam, NL – March 14, 2023 – The unmanned cargo aircraft market is at its early stages. The nascent stage of the market has led to several technological innovations, thereby offering great opportunities. The global unmanned cargo aircraft market is projected to grow to US$18.73 billion by 2031, with a CAGR of 21.64% from 2023 to 2031.

Artificial Intelligence (AI), Machine Learning (ML), Cloud Computing, Software, Material and Manufacturing innovation, Battery Technology, and Smart Infrastructure are the areas that drive the innovation opportunities of the market. All these technologies will be essential in the formation of an ecosystem to enable smooth, safe, and seamless operation.

The cost effectiveness, safety, environmental sustainability, time savings, and increased demand of logistics across the globe are the factors expected to drive the market. Additionally, the market is expected to act as a stepping stone for commercialisation of Urban Air Mobility (UAM), and offer new business revenue to logistics companies as well as retail businesses, due to the ability to access all types of areas for business operations. The regulations, certifications, as well as evolution of battery technology will play a key role in the scalability and maturity of the market.

Market Forecast’s market intelligence study “Unmanned Cargo Aircraft – Market and Technology Forecast to 2031” provides a detailed analysis of the unmanned cargo aircraft market, focusing on the current and future technologies, the requirements and the opportunities of a market worth in excess of US$18 billion over the forecasted period.

The Unmanned Cargo Aircraft, Technology and Market Forecast to 2031 report is an important tool for those that want to enter the market and position themselves against the competition at this early stage. It is also a must for business developers that want to gain an insight of the upcoming technologies, the defence budgets and spending patterns around the world.

The study on Unmanned Cargo Aircraft to 2031 provides the reader with:
Global market share for all segments of the market in value for the 2023-2031 period.
Market share per region.
Current available and future technologies.
Contracts and major planned programs.
Concept of operations and understanding of the use of unmanned cargo aircraft in commercial and military operations.
Presentation of the drives and inhibitors of the market.
Company profiles for the leading companies, including financial information and main products.
The report includes detailed financial data of the value of the market based on stated and derived opportunities for unmanned cargo aircraft, and complementary platforms and systems.

Finally, the reader is provided a SWOT analysis to ensure that the strengths and weaknesses of the market are fully identified, so as to facilitate the understanding of the unmanned cargo aircraft market in the coming years

Source : Market Forecast