Drone Logistics and Transportation Market

1
Drone
Logistics
and
Transportation
Market Expected to Reach 29.06 Billion by 2027,
at a CAGR of 21.01 from 2022 to 2027 -
Exclusive Report by MarketsandMarkets
According to the new market research report
"Drone Logistics and Transportation
Market by
Solution
(Warehousing, Shipping,
Infrastructure, Software),
Sector
(Commercial,
Military), Drone (Freight
Drones,
Passenger
Drones,
Ambulance
Drones),
and Region -
Global Forecast to 2027",
The drone logistics and
transportation market is
estimated to be USD 11.20
Billion
in
2022
and
is
projected to reach USD
29.06 Billion by 2027, at a CAGR of 21.01 from
2022 to 2027.
Browse 20 market data Tables and 28 Figures
spread through 113 Pages and in-depth
TOC on "Drone Logistics and Transportation Market"
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The increasing use of unmanned aerial vehicles in
civil and commercial applications for
faster delivery of goods is one of the most
significant factors expected to drive the growth
of the drone logistics market. Rising demand for
sophisticated industry-specific
analytical solutions is also expected to fuel the
growth of the drone logistics market.
The shipping segment is projected to grow at the
highest CAGR during the forecast
period.
Based on solution, the shipping segment of the
drone logistics and transportation
market is projected to grow at the highest CAGR
from 2022 to 2027. Drones can be used
to transport a wide range of products, from small
packages to medical supplies and
food, among others. A lot of investments has been
seen in the delivery drone industry
by venture capitalists to commercialize the
industry. Companies such as Amazon,
Google, and Walmart are also engaged in research
and development activities to
commercialize the use of drones for delivery.
2
The commercial segment is projected to grow at a
higher CAGR during the forecast
period.
Based on sector, the drone logistics and
transportation market has been segmented into
commercial and military. The commercial segment
is projected to witness a higher
growth rate during the forecast period. Rising
interest in the use of unmanned aerial
vehicles (UAVs) or drones for the delivery of
packages has led to huge investment by
venture capitalists in this field. A number of
logistics companies, such as UPS and DHL,
are looking into using drones for logistics
applications. Relaxation of restrictions
imposed on the commercial use of UAVs is expected
to drive the growth of the drone
logistics and transportation market for
commercial drones.
The lt10kg (Delivery Drones) segment is estimated
to lead the drone logistics and
transportation market in 2022.
Based on cargo weight, the lt10kg (Delivery
Drones) sub segment of freight drones
segment is estimated to lead the drone logistics
and transportation market in 2022. As
technology innovations continue, such as dual GPS
modules, sense collision
avoidance, dual batteries, and dual flight
controllers, the cost of drones is expected to
decrease gradually, making drones an even more
attractive mode of transporting items.
North America is projected to be the
fastest-growing market for drone logistics
during the forecast period.
The drone logistics and transportation market in
the North America region is projected
to grow at the highest CAGR during the forecast
period. This growth can be attributed
to the high demand for UAVs from the commercial
and military sectors of countries in
the region, such as the US and Canada. The
military budgets of the aforementioned
countries are increasing on a yearly basis, which
has subsequently led to the adoption
of military UAVs, as they can assist in the
delivery of heavy payloads.
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Key Market Players
Key players operating in this market include PINC
Solutions (US), CANA Advisors (US),
Drone Delivery Canada (Canada), DroneScan (South
Africa), Hardis Group (France),
Infinium Robotics (Singapore), Matternet (US),
and Workhorse Group (US).
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Logistics and Transportation market.
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