Drone Logistics and Transportation Market Opportunities and Challenges

Posted by Sandeep Roy on January 13th, 2020

According to the new market research report the Drone Logistics and Transportation Market is estimated to be valued at USD 11.20 Billion in 2022 and is projected to reach USD 29.06 Billion by 2027, at a CAGR of 21.01% during the forecast period. The objective of this study is to define, describe, segment, and forecast the drone logistics and transportation market based on solution, sector, drone, and region. The report provides a detailed overview of the competitive landscape of the market and profiles of companies based on their financial positions, product portfolios, and growth strategies adopted by them to sustain their position in the market.

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Key Market Players

Some of the major companies operating in the drone logistics and drone transportation 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).

Target Audience:

  • Manufacturers of UAVs
  • Component Manufacturers of UAVs
  • System Integrators
  • Government and Certification Bodies

By drone, the freight segment is expected to be the largest contributor in the market during the forecast period.

The drone logistics and drone transportation market has been segmented on the basis of solution, sector, drone, and region. Based on drone, the market has been further segmented into freight drones, passenger drones, and ambulance drones. Freight drones are further segmented into <10kg (delivery drones) and >10kg (cargo drones). The <10kg (delivery drones) sub segment is expected to lead freight drones segment owing to the high demand for drones for first mile and last mile deliveries.

Commercial segment is expected to account for the largest market size during the forecast period.

Based on sector, the drone logistics and drone transportation market has been segmented into military and commercial. The commercial segment is expected to lead the drone logistics and drone transportation market during the forecast period. This segment’s large market share is attributed to the large number of deliveries in the logistics industry, especially in the e-commerce sector.

By solution, the shipping segment is expected to be the largest contributor in the market during the forecast period.

Based on solution, the drone logistics and drone transportation market has been segmented into warehousing, shipping, infrastructure, and software. The shipping segment is expected to grow at the highest CAGR during the forecast period, owing to increasing investment in the R&D of drones for package delivery.

North America is expected to account for the largest market size during the forecast period.

Based on region, the drone logistics and drone transportation market has been segmented into North America, Europe, Asia Pacific, and the Middle East. The market in North America is expected to witness the highest CAGR during the forecast period owing to the increasing adoption of drones for package delivery by companies such as Amazon, DHL, and UPS.

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Sandeep Roy

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Sandeep Roy
Joined: August 7th, 2019
Articles Posted: 506

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