The drone logistics and transportation market size is expected to reach USD 31.84 Billion at a revenue CAGR of 19.5% in 2028, according to latest analysis by Emergen Research.
The Drone logistics and transportation Market report covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Increasing use of drones for faster delivery of goods is a significant factor driving global drone logistics and transportation market revenue growth
The Global Drone Logistics and Transportation Market Report, published by Emergen Research, comes with an exhaustive analysis of the major segments of the global Drone Logistics and Transportation market and estimates the overall market growth over the forecast timeline of 2020-2028. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Drone Logistics and Transportation industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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The pandemic has substantially contributed to the downturn of the Drone Logistics and Transportation industry, which has been left financially beleaguered since the beginning of the COVID-19 lockdown. Hence, the report highlights the financial obstacles that have slowed the progress of numerous businesses in this sector and disrupted the supply chains.
Drone logistics and transportation market in North America accounted for largest revenue share in 2020, attributed to rapid adoption of advanced technologies, relaxation of federal laws pertaining to use of drones for commercial purposes, increasing defense budget, and increasing investment in use of drones by companies such as Walmart and Amazon. In addition, presence of leading players such as Drone Delivery Canada is causative of robust revenue growth of the market in the region.
Some Key Highlights From the Report
- In October 2021, Korea Seven, which is a subsidiary firm of Lotte Group and manages South Korean 7-Eleven brand, made an announcement about launching a pilot run of drone delivery services the same year. Korea Seven announced its partnership agreement with Pablo Air, which is a developer hardware and software for drones, for pilot test of drone services.
- Among the type segments, freight drones segment accounted for larger revenue share in 2020. The main benefits delivered by freight drones include avoidance of road congestion and delays during transportation, provision of rapid and on-demand delivery services, easy operability and lower cost for air-based cargo services, and enhanced access to customers in remote locations.
- Companies included in the global market report are Zipline, CANA Advisors, Flirtey, Flytrex Aviation Limited, Hardis Group, Drone Delivery Canada, Workhorse Group PLC, Matternet, PINC Solutions, and Uber Technologies Inc.
The latest research report specializes in the in-depth analysis of the macroeconomic and microeconomic factors affecting the global Drone Logistics and Transportation market development. The report also concentrates on the regulatory framework that is shaping the future of the global market. New and existing pricing structures, emerging application areas, and upcoming investment opportunities have also been detailed in the report.
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Emergen Research has segmented the global drone logistics and transportation market on the basis of type, application, operation mode, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Freight Drones
Ambulance Drones
Passenger Drones
Application Outlook (Revenue, USD Billion; 2018–2028)
Shipping
Warehousing
Infrastructure Inspection
Security Surveillance
Others
Operation Mode Outlook (Revenue, USD Billion; 2018–2028)
Remotely Operated
Semi-Autonomous
Autonomous
Geographical Terrain of the Global Drone Logistics and Transportation Market:
North America (U.S., Canada, and Mexico)
Europe (Germany, France, the U.K, Russia, and Italy)
Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
Latin America (Brazil, Argentina, Colombia, etc.)
Middle East Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
The latest report elaborates on the current COVID-19 impact on the global economy, as well as this specific business vertical, with an in-depth analysis of the present and future effects of the outbreak. Our analysts speculate that the Drone Logistics and Transportation market will regain traction in the post-COVID-19 market situation.
Analytical Tools Analysis: The report discusses the leading market participants and their market scope, leveraging various analytical tools. Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis, are some of the analytical tools used by researchers for this market study.
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