• Investment in product innovation, expansion of e-commerce industry, proliferation of Internet of Things (IoT), and expanding applications of drones in fright movement are the key forces positively influencing the growth of the global drone logistics and transportation market.
• Drones are increasing used across wide industrial applications. Primarily developed to be used for military applications, the drones have made a long way into the commercial applications.
According to the insightslice.com, the global drone logistics and transportation market was estimated to generate revenue worth US$ 9.9 billion in 2019 and is projected to reach USD 32.53 Billion by 2030, at a CAGR of 16.03% during the forecast period.
• The increasing use of unmanned aerial vehicles (UAVs) in commercial applications for faster delivery of goods is one of the major factors driving the growth of the global market.
• The growing e-commerce market is fuelling the growth of the global market.
• Eased regulations for the usage of drones for commercial purposes can be an excellent boost for the global market in the coming years.
The report gives a transparent view of the drone logistics and transportation market. Drones are increasing used across wide industrial applications. Primarily developed to be used for military applications, the drones have made a long way into the commercial applications. Used extensively for freight movement across the globe, drones are gaining popularity in passenger movement with increased product innovation. These market is highly competitive with increasing number of drone service providers.
Additionally, drone manufacturers are focusing on incorporating advanced technologies such as AI, blockchain and wireless charging to improve the performance of the drones. This is anticipated to drive the growth of the global market in coming years. The demand for drones in transportation and logistics across commercial and military applications has witnessed prominent growth during past couple of years. The manufacturers are focusing on improving the battery life of drones and integration of wireless charging for adding up the flight time and seamless charging are expected to be the key factors contributing towards the growth of the global drone logistics market during the forecast period.
North America showed prominent growth
North America contributed the largest share to these global market in 2019 owing to presence of leading drone logistics and transportation service providers across the United States and Canada. Rapidly expanding connected infrastructure and increased investment in development of advanced drones is expected to contribute towards the growth of the North America drone logistics and transportation market during the forecast period.
Asia Pacific is anticipated to be most lucrative market in terms of drone logistics and transportation service adoption and development of advanced indigenous drones across the major countries. Rising demand for improved last mile delivery solutions fuelled by rapidly expanding e-commerce industry is estimated to drive the growth of the Asia Pacific drone logistics and transportation market.
For a better understanding of the global drone logistics and transportation market, Creator have segmented the market. The segmentation has been done on the basis of drone type, solutions, end use, and geography.
Based on drone type, the global market is segmented into freight drones, passenger drones, and ambulance drones.
Based on solutions, the global market is segmented into infrastructure, shipping, warehousing, and software.
Based end use, the global market is segmented into commercial and military.
The global version of this report with a geographical classification such as North America, Europe, Asia Pacific, Middle East and Africa and South America. These key regions focus on the consumption of these market. The creators of the report have studied the region's growth potential to assist organizations in arranging their future investments. They also study the regulatory reforms and norms that are expected to impact the global market.
Almost all major players of the global drone logistics and transportation market is profiled in these report. The creators of the report have provided information about their recent developments in these market, products, revenue, production, business, and company.
Drone Delivery Canada Is one of the largest players in the global market.
DHL International GmbH
Uber Technologies Inc.
United Parcel Service of America, Inc.