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    Military Cargo Drone Market Report

    Military Cargo Drone Market Report
    Report code - SR2883 Published On : May,2024 No. of Pages: 91
    Military Cargo Drone Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    “The military cargo drone market size was US$ 3 Million in 2023 and is likely to grow at CAGR of 90.7% in the long run to reach US$ 7,304 Million in 2035”.

    Market Dynamics

    Introduction

    The military cargo drone market refers to a segment of the aerospace industry focused on the development, production, and deployment of Unmanned Aerial Vehicles (UAVs) specifically designed for transporting various types of cargo for military purposes. These drones are equipped with advanced navigation systems and payload capacity and feature autonomous or remotely controlled operation.

    While there is growing interest and investment in military cargo drones, their adoption and deployment are still limited compared to traditional manned aircraft and ground transportation methods for logistics and supply missions. The introduction phase involves educating potential military customers about the advantages of cargo drones through demonstrations and pilot programs.

    The major drivers of the market are the army’s autonomous aerial resupply vision, rising global military expenditure, and the significant advantages of cargo drones over traditional methods. Joint Tactical Autonomous Aerial Resupply System (JTAARS) is an Unmanned Logistics System (ULS) that provides rapid, responsive, and flexible transportation options in support of dispersed and semi-independent infantry operations. Organic to maneuver units and their sustainment elements, JTAARS lightens soldier loads and allows commanders to control the timing of delivery of mission-critical, time-sensitive supplies and equipment. JTAARS is the ULS-Aerial Medium effort between the Army and Marines.

    Recent Strategic Alliances:

    Companies are forming strategic partnerships to strengthen their geographic footprint and develop the capability to secure military contracts.

    • BAE Systems completed the acquisition of Malloy Aeronautics, a leading player in heavy-lift drones and aerospace innovation. They have a joint plan to research an all-electric, heavy-lift unmanned air system (UAS). The UAS will feature a maximum payload of 300 kg, an 80 km range without payload, a 30 km range with a full payload, and a maximum speed of 140 km/h.
    • Malloy Aeronautics collaborated with Survice Engineering to introduce their drone technology to the US military. This partnership represents a major step in bringing award-winning VTOL technology to US warfighters. In 2023, the company was granted a production contract by the US Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program Office (PMA-263) to manufacture approximately 200 Tactical Resupply Vehicle (TRV) aircraft.

    Target Areas of Product Development:

    Leading players in cargo drone development prioritize lightweight design, payload capacity, cost-effectiveness, and range & endurance during product development.

    • Lighter weight is paramount in designing and manufacturing cargo drones for players like Kaman, Elroy Air, Aergility, and Moog.
    • Under the JTAARS program, companies like Kaman, Moog, Elroy Air, and Aergility are directing their efforts towards M-ULS, with payload capacities ranging from 100 to 350 kg.
    • Cost-effective drones reduce operational expenses associated with military logistics, including fuel, maintenance, and personnel costs, leading to overall cost savings.

    Market Segments' Analysis

    Segmentations

    List of Sub-Segments

    Segments with High Growth Opportunity

    Propulsion-Type Analysis

    Electric Cargo Drones, Hybrid Cargo Drones, and Fuel-Based Cargo Drones.

    Hybrid propulsion drones are poised to lead the military cargo drone market through 2035.

    Payload Capacity-Type Analysis

    <10 kg, 10-50 kg, and >50 kg.

    >50 kg of Payload capacities hold the largest share of the market.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World.

    North America is expected to maintain its reign over the forecast period.

     

    By Propulsion Type

    Hybrid propulsion drones are poised to lead the military cargo drone market by 2035.

    • Continued advancements in hybrid propulsion technology, including battery energy density, electric motor efficiency, and power management systems, will further enhance performance and reliability to reduce range anxiety during missions.
    • With the benefits of both traditional fuel engines and electric propulsion, hybrid propulsion offers extended range and endurance.

    By Payload Capacity Type

    >50 kg of payload capacities hold the largest share of the market.

    • Military operations often involve transporting heavy payloads, such as equipment or supplies. Cargo drones with higher payload capacities are better suited to meet these demanding requirements.
    • Larger payload capacities result in more efficient transportation of goods, reducing the number of trips needed to transport the same amount of cargo.
    • Regulatory agencies are increasingly recognizing the potential benefits of larger cargo drones for various applications, leading to the development of regulations and guidelines that facilitate their safe and legal operation in airspace.

    Regional Analysis

    North America is expected to maintain its reign over the forecast period.

    • The dominance of North America is underpinned by several factors, including robust technological infrastructure, substantial defense spending, and a strong regulatory framework.
    • North America boasts advanced technological infrastructure and research capabilities, fostering innovation and development.
    • The US, in particular, allocates substantial budgets for defense and military modernization programs to drive innovation and advancement in technology, resulting in an increase in payload capacity and range.

    The report includes a brief study on composite parts and current suppliers for drone manufacturers, highlighting growth opportunities for new composite suppliers entering the market.

    Key Players

    Numerous players are striving to make a significant impact by meeting stringent military standards. Securing military contracts remains the primary focus for all companies. Partnerships and collaborations are crucial for success in the market. Companies are joining forces to create the supply chain and pool knowledge, to reinforce their position in the industry. The current military cargo drone market lacks a distinct supply chain and is poised to leverage the supply chain of the aerospace & defense industry.

    The following are the key players in the military cargo drone market (Based on Dominance)

    • Malloy Aeronautics
    • Kaman Corporation
    • Elroy Air
    • MightyFly
    • Airspace Experience Technologies
    • Aergility Corporation
    • Leidos and Phenix Solution
    • Phoenix Wings
    • Moog

     

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The global military cargo drone market is segmented into the following categories. 

    Military Cargo Drone, by Propulsion Type

    • Electric Cargo Drones
    • Hybrid Cargo Drones
    • Fuel-Based Cargo Drones

    Military Cargo Drone, by Payload Capacity Type

    • <10kg
    • 10-50 kg
    • >50 kg

    Military Cargo Drone, by Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Research Methodology

    • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s military cargo drone realities and future market possibilities for the forecast period. 
    • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
    • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
    • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
    • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
    • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Composite Part: Applications and Suppliers

    • Utilization of Composite Materials in Cargo Drones
    • Growth Opportunities: Composite Suppliers for Cargo Drone Manufacturers

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The market is poised for healthy growth and is expected to reach US$ 7,304 million in 2035.

    The military cargo drone is estimated to grow at a CAGR of 90.7% by 2035, driven by rising military expenditure, and ongoing technological advancements for improving payload capacity, range, and reliability.

    Hybrid cargo drones are estimated to dominate the market by 2035. Players, such as Elroy Air, Aergility, Moog, and MightyFly, are set to be major players.

    North America had the largest share in 2023.

    North America is poised for the highest market growth. Strong partnerships between government agencies, defense contractors, and technology firms foster innovation and accelerate the adoption of military cargo drone solutions.

    Malloy Aeronautics, Kaman Corporation, Elroy Air, Airspace Experience Technologies, and MightyFly are the leading players in the military cargo drone market.

    Payload capacity (>50kg) has the largest share as it can accommodate a wide range of mission requirements, from logistics support to emergency response and disaster relief efforts.

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