Drone Logistics and Transportation Market Revenue Growth and Application Analysis, Tracking the Latest Trends by 2030

 


Drone Logistics and Transportation Market Trend

Drone Logistics and Transportation Market Size is projected to reach USD 35,170 Million by 2030 at a CAGR of 56% from 2021 to 2030.

The growing usage of unmanned aerial vehicles (UAVs) for commercial and military applications is anticipated to be a key factor driving the global drone logistics and transportation market 2020. The extensive application of drones in border surveillance, aping, precision agriculture, and aerial remote sensing are predicted to increase the demand for drone logistics and augment the market during the forecast period. Furthermore, the surging popularity of e-commerce trade is expected to boost the requirement of drone logistics, which can strengthen the market in the review period.

On the flip side, issues related to battery life and limited availability of expertise are anticipated to hamper the market growth during the forecast period. However, the increasing demand to reduce operational costs along with above-mentioned factors are predicted to counter the impeding factors and can increase the demand and grow the market during the forecast period.

Market USP

The growing need to reduce shipping and operational costs is expected to increase the adoption of drone logistics and transportation services.

Key Players

The established entities of the global drone logistics and transportation market are FedEx (US), DHL International GmbH (Germany), Drone Delivery Canada (Canada), Amazon (US), PINC Solutions (US), Hardis Group (France), DroneScan (South Africa), Infinium Robotics (Singapore), and Altitude Angel (UK).

Market Segmentation

The segmental analysis of the global Drone Logistics And Transport Market Insight is done by solution, application, and drone.

The solution-based segments of the global drone logistics and transport market are shipping, warehousing, infrastructure, and software. Among all, the software segment is anticipated to register the highest CAGR during the projection period.

The application-based segments of the global drone logistics and transport market are commercial and military.  Between these two segments, the commercial segment is predicted to exhibit a higher growth rate during the forecast period from 2019 to 2028.

The drone-based segments of the global drone logistics and transport market are freight drones, passengers drone, and ambulance drones. Among all, the freight drones segment is projected to dominate the market. It is also likely to be the fastest-growing segment during the review period.

Regional Analysis

Based on the region, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

As per the assessment, North America is expected to dominate the global market during the forecast period owing to the robust presence of drone transportation and logistics service providers. The region is anticipated to be the largest market shareholder during the review period. Besides, the technological development in drone logistics and transport is likely to be another potential cause, which can augment the market in the coming period.

Europe is predicted to acquire the second position and grow at a steady pace during the review period owing to the growing collaborations between drone logistics and transportation service providers.

The APAC region is anticipated to be the fastest-growing region during the forecast period owing to the active participation of evolving economies like India, China, and Japan. Further, the fast adoption of drones by various renowned e-commerce entities like Alibaba and others can develop the regional market in the coming period.

The MEA region is likely to acquire a small amount of Drone Logistics And Transport Market Share during the review period. The region is likely to progress owing to the participation of Middle East countries like Saudi Arabia, Qatar, and others owing to their economic stability.

Growth Opportunities in the Market

  • Software segment to register the highest growth rate: The software segment is expected to exhibit the highest CAGR during the forecast period. The growing adoption of drone delivery software to ease operations is expected to drive the growth of the segment. Software solutions offered by companies such as Fly Base, Inc. provide real-time parcel tracking information, drone fleet management, and precise landing and delivery location.
  • Freight drones to remain a popular choice: The freight drones segment dominated the market in 2018 and is expected to register the highest CAGR during the forecast period. The growing adoption of freight drones for the speedy delivery of goods is expected to drive the growth of the segment.
  • Commercial segment expected to exhibit the higher CAGR: The commercial segment is expected to register the higher CAGR during the review period. Investments by e-commerce giants such as Amazon and Alibaba in drones for speedy delivery services and reduced operational costs are expected to drive the growth of the segment.

 

Drone Logistics and Transportation Market Research Report: Information by Solution (Shipping, Warehousing, Infrastructure and Software), Drone (Freight Drones, Passenger Drones and Ambulance Drones), Application (Commercial and Military) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

Related Link:

·         Electronic Warfare Market Research Report: Information By Category (Electronic Attack (EA), Electronic Support (ES) and Electronic Protection (EP)), Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas and Others), Platform (Land-based, Airborne and Naval) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa) - Forecast to 2030

·         Commercial Aircraft Cabin Interior Market by Product Type (Seating, Lighting, Windows, Galley, In-Flight Entertainment and Lavatory), by Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft), by Fit (Line Fit and Retro Fit), and by Region – Forecast To 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Helicopter Lighting Industry, Trends Of Market, Statistics and Information Overview By 2027

  Market Overview: The helicopter lighting industry is estimated to register a CAGR of more than 3% during the forecast period by 2027. The main source of lighting for rotary-wing aircraft is the lighting system of the helicopter. It accomplishes two key goals. The internal lighting illuminates the instruments, equipment, and cabins at night while the exterior lighting provides illumination for navigation, signalling, landing, search and rescue, and anti-collision. Additionally, there is a HEELS (helicopter emergency egress lighting system) within the cabin, which facilitates evacuation in an emergency. Most of the external illumination is required for safe operation in helicopters by a number of organisations, including the FAA. Meanwhile, the military helicopter lighting market CAGR is somewhat constrained by reductions in defence spending, particularly in industrialised nations. However, the industry has bright prospects for expansion due to the growing usage of helico...
Read more

Attack Helicopter Market Key Players and their Role in Revenue Generation by 2032

  Market Overview: Increased defense budgets, geopolitical tensions, and the desire for enhanced military capabilities have all contributed to significant expansion in the worldwide attack helicopter market in recent years. Attack helicopters are critical components of modern warfare, providing rapid response, firepower, and mobility. During the forecast period (2023-2032), the Attack helicopter market is expected to develop at a compound annual growth rate (CAGR) of 4.50%. As nations attempt to improve their defense capabilities, demand for attack helicopters has increased. These rotorcraft are built for close air support, anti-armor missions, and armed reconnaissance, making them essential in current military operations. Technological developments, including as stealth capabilities, sophisticated avionics, and improved weapon systems, characterize the market. Key Players: Leading market players are extensively spending in R&D to increase their product ranges, which...
Read more

The Sports Nutrition Market share, Segment Overview, Global: |Forecast 2027|

  Sports Nutrition Market Overview The MRFR report suggests that the global sports nutrition market will record a robust CAGR of approximately 10.5% during the review timeframe. Sports nutrition refers to the practice and study of diet and nutrition to enhance anyone's athletic performance. Nutrition is a vital aspect of several sports training regimens, being popular in strength sports such as bodybuilding and weightlifting and endurance sports such as rowing, swimming, running, and cycling. It focuses on the type and amount of food and fluids an athlete takes. Additionally, it deals with consuming nutrients such as organic substances, minerals, vitamins, and supplements. The global sports nutrition market has witnessed an enormous rise in the growth rate in recent times. The market's growth is mainly credited to population growth across the globe. Furthermore, factors such as introducing new fixes in sports nutrition products, an increase i...
Read more