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Drone Logistics and Transportation Market to Grow at 60.6% CAGR and Reach $1,626.98 Million by 2027 Dominated by Flirtey, Flytrex Aviation, Hardis, Infinium Robotics, PINC, Volocopter, Zipline

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Drone Logistics and Transportation Market to Grow at 60.6% CAGR and Reach $1,626.98 Million by 2027 Dominated by Flirtey, Flytrex Aviation, Hardis, Infinium Robotics, PINC, Volocopter, Zipline

February 19
18:40 2019

Drone Logistics and Transportation Market
This report focuses on the Drone Logistics and Transportation Market Size, Revenue, Share, status, future forecast, growth opportunity, key market dynamics and key players. The study objectives are to present the Drone Logistics and Transportation development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

The Drone Logistics and Transportation Market research report provides an in-depth analysis of the major Drone Logistics and Transportation industry leading players along with the company profiles and strategies adopted by them. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.

The major players operating in the market for drone logistics & transportation market include Cheetah Software Systems, Inc., Drone Delivery Canada Corp., Flirtey, Flytrex Aviation, Ltd., Hardis Group, Infinium Robotics, PINC Solutions, Volocopter GmBH, Workhorse Group Inc., and Zipline among others.

The global 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 & transportation market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. APAC is expected to be the fastest growing region in global drone logistics & transportation market. Whereas, Europe and North America holds a highest market share in the drone logistics & transportation market.

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The demand for drone logistics & transportation in developing economies is constantly rising as the number of applications are rising in different sectors. With a continuous advancement in drone technology, the large multinational companies are seeking forward for drones to ensure quick delivery of parcels with high speed while lowering time and operational costs. Asian countries have an advantage of having most confident shoppers when it comes to receiving deliveries through drones and using autonomous technology to make payments. The major reason for this is the presence of larger population, developing internet infrastructure, and growing awareness about the usage of drones.

 

 

The continuous growth in retail and online businesses in emerging markets of APAC and international companies targeting these economies for the expansion of their business is resulting in the growth of implementation of drone logistics & transportation in the region. Further, striving digital initiatives along with the adoption of advance technologies by the Asian countries have drove strong government support for adopting drone for particular. Rapid growth of online business in Asian countries has made the region a prosperous market for the parcel delivery.

Continuous government support in the countries particularly in India is one of major reason to improve and increase adoption of advanced technologies in the market. These factors are responsible for adoption of drones for logistics as well as transportation purpose in APAC region. Geographically, North America will have the largest share in the drone logistics & transportation market by 2027, later followed by Europe and APAC region, owing to rapid technological developments, numerous investments and supportive Government policies in the western part of the world.

The drone logistics & transportation market is experiencing high growth in the forecast period. Increasing demands for faster delivery of goods is the most significant factor driving the growth of the drone logistics and transportation market. Concerns regarding safety during travel and package drop as well as lack of skilled & trained personnel are the few other challenges to be faced by drone logistics and transportation market. The drone logistics & transportation providers are gaining prominence in the commercial sector owing to the fact that the end users are seeking various ways to cut down operational cost in their business and bring in faster mode of delivery.

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In the current state of commercial drone operations, several government bodies and authorities have imposed stringent laws and regulations. This factor has limited the drone operations in various developed as well as developing regions across the globe. One of the most critical laws imposed upon commercial drone operations is that the drone pilot should maintain a visual line of sight with the unmanned aerial vehicle while in operation. The future of the market is anticipated to be prominent, with the implementation of Beyond the Visual Line of Sight (BVLOS). The benefits of BVLOS is that the concept allows the operators to fly drones in complex conditions and truly unmanned technology without the need for takeoff and landing. This technological concept is anticipated to trigger the growth of the market in the coming years.

 

GLOBAL DRONE LOGISTICS AND TRANSPORATION – MARKET SEGMENTATION

By Type

  • Freight Drones
  • Passenger Drones
  • Ambulance Drones

 

By Application

  • Warehousing
  • Shipping
  • Others

 

By End User

  • Military
  • Commercial

 

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico

 

  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe

 

  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • Rest of APAC

 

  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA

 

  • South America (SAM)
    • Brazil
    • Rest of SAM

 

Company Profiles

  • CHEETAH SOFTWARE SYSTEMS, INC.
  • DRONE DELIVERY CANADA CORP.
  • FLIRTEY
  • FLYTREX AVIATION, LTD.
  • HARDIS GROUP
  • INFINIUM ROBOTICS
  • PINC SOLUTIONS
  • VOLOCOPTER GMBH
  • WORKHORSE GROUP INC.
  • ZIPLINE

 

Key Benefits of Buying this Research Study:

  1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Drone Logistics and Transportation market
  2. Highlights key business priorities in order to assist companies to realign their business strategies
  3. The key findings and recommendations highlight crucial progressive industry trends in the Drone Logistics and Transportation market, thereby allowing players across the value chain to develop effective long term strategies
  4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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