Drone Logistics and Transportation Market Are Estimated to Reach USD 29.3 Billion by 2024
The Global Drone Logistics and Transportation Market are estimated to reach USD 29.3 Billion by 2024 at a CAGR of 19.7 %, says forencis research (FSR).
A drone is an unmanned aircraft operated remotely by a human operator or autonomously based on preprogramed plans. For modern logistics, drones can bring change in the supply chain and deliver products in a matter of hours. In transport and logistics, drones are helpful as they reduce human workload, CO2 emissions, and can provide access in the difficult to reach areas. Drones are one of the fastest ways for postal delivery as it uses air medium and avoids surface congestion and are more convenient as it minimizes labor cost. Due to these advantages, it is used for transporting medicines, food packages, parcels, and also capable of making an inventory in the logistics warehouse.
Drone Logistics And Transportation Market: Drivers & Restraints
Rise in Demand for Faster Deliveries
The demand for faster deliveries across the globe is rising. With this higher demand, it is difficult to reach remote areas with traditional methods of logistics and urban areas are most of the time congested. Drones possess the ability to resolve this issue as it uses air route which is not congested and it can deliver the products at a faster pace, which is driving the growth of drone logistics and transportation market.
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Rise in Adoption of Drones to Boost Transportation in Challenging Areas
Drones have become a lifesaving technology that helps in supplying various products such as medicines, food packages, parcel to remote areas without using the road. Instead of roadways, it uses air route as a medium which avoids traffic congestion, which is an advantage for transporting goods in the hard to access areas. The use of a drone for transporting lifesaving products in challenging and critical to access areas is anticipated to push the market growth. For instance, in 2018, DHL launched the world’s 1st drone delivery service to deliver life-saving medicine to a rural island in Tanzania.
Issue with Battery life
The drone is being adopted at a faster pace owing to its advantages. However, the short battery life of drones which can easily drain within a few minutes’ acts as a roadblock for the growth of this market. Due to this, there exist a high possibility that the drones can run their battery while delivering the product. This situation would give rise to customer complaints and hamper the market growth. To drag this further, Amazon, an online retailer committed to delivering the product through drones in less than 30 minutes owing to the short battery life of drones.
Drone Logistics and Transportation Market: Key Segments
- Key Segments by Type: Freight Drones, Passenger Drones and Ambulance Drones
- Key Segments by Application: Warehouse Facilities, Construction Site, Health Care, Postal Deliveries, Defense & Military, Disaster Recovery, and
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Drone Logistics and Transportation Market: Report Scope
The report on the drone logistics and transportation market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
List of the leading companies operating in the Drone Logistics and Transportation Market include:
- PINC Solutions (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- CANA Advisors
- Drone Delivery Canada
- HARDIS Groupe, SAS
- Workhorse Group Inc
- com, Inc
- Infinium Robotics
- DHL International GmbH
- Other Key Companies
Drone Logistics and Transportation Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Drone Logistics and Transportation Market, by Type
- Freight Drones
- Passenger Drones
- Ambulance Drones
Drone Logistics and Transportation Market, by Application
- Warehouse Facilities
- Construction Site
- Health Care
- Postal Deliveries
- Defense & Military
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Drone Logistics and Transportation Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of the global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
Table of Content
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- DRONE LOGISTICS AND TRANSPORTATION MARKET BY TYPE, Market Size in USD Million and Units (2017–2024)
- DRONE LOGISTICS AND TRANSPORTATION MARKET BY APPLICATION, Market Size in USD Million and Units (2017–2024)
- DRONE LOGISTICS AND TRANSPORTATION MARKET BY REGION, Market Size in USD Million and Units (2017–2024)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
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