Drone Logistics and Transportation Market accounted to US$ 24.58 Mn in 2018 and is expected to grow at a CAGR of 60.6% during the forecast period 2019 - 2027, to account to US$ 1,626.98 Mn by 2027.
The drone logistics and transportation experiencing a steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for drone logistics and transportation consists of some well-established players across the globe that cater highly advanced drones to the logistics and transportation service providers. The benefits of drone deliveries that have attracted parcel delivery industry players and e-commerce industry players include reduced roadway congestion, improved safety, optimized route flexibility, reduced greenhouse gas emission, and overnight or one-day delivery.
Top Dominating Key Players:
- Cheetah Software Systems, Inc.
- Drone Delivery Canada Corp.
- Flirtey
- Flytrex Aviation, Ltd.
- Hardis Group
- Infinium Robotics
- PINC Solutions
- Volocopter GmBH
- Workhorse Group Inc.
- Zipline among others
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Increasing developments in the e-commerce sector
E-commerce companies are considerably opting for drones in order to revolutionize the last mile delivery services in a commercial scenario. Several governmental regulations have restricted the usage of drones for commercial delivery purposes in the earlier years, however, with the amendments of these regulations are helping the e-commerce industry players as well as several parcel delivery companies to use the service. For instance, the US Government body, the Federal Aviation Administration earlier has banned the usage of drones for deliveries in the US sky. However, the body has altered the ban and has allowed the usage of the UAVs for goods deliveries under a number of clauses.
Key Benefits-
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Drone Logistics and Transportation Market.
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
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Market leaders are involved in extensive drone logistics and transportation market research for the development of new products with advanced technology. For instance, in 2018 Zipline announced the fastest delivery drone with a top speed of 128 Kmph. This drone will help to reach various regions at a higher speed in the time of emergency. Subsequently, introduction of such advanced are expected to provide this market with lucrative growth opportunities.
Market leaders are involved in extensive drone logistics and transportation market research for the development of new products with advanced technology. For instance, in 2018 Zipline announced the fastest delivery drone with a top speed of 128 Kmph. This drone will help to reach various regions at a higher speed in the time of emergency. Subsequently, introduction of such advanced are expected to provide this market with lucrative growth opportunities.
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