Drone Logistics and Transportation Market Set to Soar to USD 35,170 Million by 2030 with an Astonishing 56% CAGR Surge
Research Reports
Nov 18, 2023
Drone Logistics and Transportation Market Overview:
The drone logistics and transportation market size is anticipated to grow at a CAGR of 56% from 2021 to 2030, reaching USD 35,170 million. Over the past few years, the drone logistics and transportation sector has expanded more quickly and significantly. It is anticipated that rapid growth would occur during the predicted time. The increased use of drones for a variety of commercial and military applications is expected to increase the market share for drone logistics and transportation.
Drones are employed in transportation for a variety of commercial and military uses, including stock monitoring, food delivery, medical stockpile delivery, queue observation, bundle delivery, and other tasks. The Drone Logistics and Transportation Market has also substantially grown in size as a result of the presentation of internet company. Expanding drone use in commercial and military applications, as well as government flight organisations’ exclusion from market growth, are the crucial elements influencing the industry’s development for drone logistics. In any case, problems with data transmission and battery life as well as a lack of skilled workers could impede the growth of the market for auto drone logistics.
The drone is the equipment designed to carry out security tasks, transport goods by air, and make stock in a logistics stockroom. The global drone logistics and transportation market is growing as automated flying vehicles (UAVs) are increasingly used in a variety of commercial applications for quicker item delivery. The online business exchange flood pattern is also boosting interest in the market for drone logistics and transportation. Basic criteria for using drones for commercial purposes also encourage the growth of the drone logistics and transportation sector within the cited time period.
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Drone Logistics and Transportation Market Key Players:
Key players in the drone logistics and transportation market include United Parcel Service of America, Inc. (US), DHL International GmbH (Germany), FedEx (US), PINC Solutions (US), CANA Advisors (US), Amazon (US), Drone Delivery Canada (Canada), Hardis Group (France), Skysense, Inc. (US), Zipline (US), DroneScan (South Africa), InfiniumDronesics (Singapore), Workhorse (US), SKYCART INC. (US), Matternet (US), Flirtey (US), AIRMAP, INC. (US), Altitude Angel (UK), EHANG (China), Flytrex (Israel), Uber Technologies Inc. (US), Alibaba (China), Volocopter GmbH (Germany),
Drone Logistics and Transportation Market – Segmentation:
The drone logistics and transportation market is segmented on the basis of solution, drone, application, and region.
By Solution, the market is segmented into Shipping, Warehousing, Infrastructure and Software.
By Drone, the market is segmented into Freight Drones, Passenger Drones and Ambulance Drones.
By Application, the market is segmented into Commercial and Military.
By Region, the market is segmented into North America, Europe, Asia-Pacific, Middle East Africa and Latin America.
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Drone Logistics and Transportation Market– Regional Analysis:
Because of well-known drone transportation and logistics specialised co-ops like FedEx and United Parcel Service of America, Inc., North America dominated the drone logistics and transportation market in 2018 and is expected to continue to be the largest local market during the predicted time period. Due to growing collaborations between eVTOL manufacturers and drone logistics and transportation specialist companies, the market in Europe is anticipated to grow steadily throughout the estimated time frame.
Due to the growing acceptance of drones by internet giants like Alibaba, the market in this sector is predicted to register the highest CAGR over the study period.
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