Drone Logistics and Transportation Market: Share Set For Broad Growth By 2018 -
Posted by anna on January 21st, 2021
Drone Logistics and Transportation Market: Introduction
The rising usage of unmanned aerial vehicles (UAVs) in various business applications for quicker delivery of commodities is among the key factors fueling the development of the global drone logistics and transportation market. Surging trend of e-commerce trade is also boosting the demand in the drone logistics and transportation market. Simple regulations regarding the usage of drones with respect to commercial usage is another anticipated factor uplifting the growth of the drone logistics and transportation market in the span of forthcoming years.
Drone Logistics and Transportation Market
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The important firms operating in the global drone logistics and transportation market include Uber Technologies Inc., Drone Delivery Canada, Zipline International, Matternet, and Flirtey. The rise in strategies such as mergers and acquisitions and partnership with drone delivery firms with services and products providers is estimated to support them in expanding their global reach and market presence. For example, Boeing HorizonX Ventures partnered with Matternet, a giant in drone delivery. Moreover, integrating service providers vertically by mergers of drone transportation firms would help in keep a check on distribution network.
Drone Logistics and Transportation Market Dynamics
Exemptions by Federal Aviation Administration to Contribute in Market Growth
The leading factor behind the surge in demand in the global drone logistics and transportation market is the increased usage of drones for several commercial and military applications. Major examples of these comprise inventory management, inventory tracking, food delivery, medical supplies delivery, border surveillance, parcel delivery, and so on. Moreover, some of the exceptions by Federal Aviation Administration even enables the usage of drones in several industries that as a result is estimated to pump up the growth of the drone logistics and transportation market all over the world in coming years.
Besides, delivery drones are even expected to emerge more popular in the forthcoming years owing to rising investments by various firms for the advancement in technology and to design more innovative drones, for example, Amazon, Walmart, Uber, Google, FedEx, and UPS.
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Joined: March 23rd, 2020
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