Global Drone Logistics and Transportation Market Insights, Size and Growth Forecast To 2027


The global drone logistics & transportation Market market is expected to grow at a CAGR of 20.98% to reach USD 32.72 billion by 2027. The growth is primarily attributed to extensive use of drones in logistic deliveries, rapidly increasing innovation in drone technology and wide applications such as in warehousing, manufacturing, defense, survey, mining and agriculture land inspection. High government investments in Asia Pacific offer significant growth opportunities. However, lack of aerial traffic management, privacy and securities issues can hinder the growth of this market.

By Solution: Shipping segment expected to grow at highest CAGR
Based on Solution, Drone logistics & transportation market is segmented into warehousing, shipping, infrastructure and software. Shipping segment is expected to register highest CAGR during forecast period. The highest growth of this segment can be ascribed by increasing investments in research & development for delivery purposes. 

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


By Sector:  Commercial sector to dominate drone logistics & transportation market
On the basis of sector, drone logistics & transportation market is segmented into military and commercial. Commercial segment accounted for largest share of drone logistics & transportation market. The large share of this market segment can be attributed to increasing use of drones for deliveries in logistic industry. 

By Drone: <10kg (Delivery drones) segment held largest market share in 2020
Based on drone type, drone logistics & transportation market is segmented into freight drones, passenger drones and ambulance drones. The freight drones are further classified into <10 kg (Delivery drones) and >10kg (Cargo drones). The <10 kg (Delivery drones), a sub segment accounted for largest market share of freight drones segment. The large share of this market segment can be attributed to increasing demand for high & last mile deliveries. 

By Region: APAC fastest growing regional market while North America maintains the lead
In 2020, North America accounted for largest share of Drone logistics & transportation market. The largest share of this regional segment can be attributed to increasing adoption of drones for delivery of packages, presence of leading drone logistics and transportation services providers and expansion of connected infrastructure. APAC is expected to grow at highest CAGR during the forecast period. High growth of this geographic segment is mainly attributed to rapidly expanding e-commerce, increasing adoption of drone transportation services and increasing demand for last mile deliveries. 

Competitive Scenario
  • Pinc Solutions
  • Airmap
  • Drone Delivery Canada
  • DroneScan
  • Hardis Group
  • Infinium Robotics
  • Matternet
  • Workhorse Group
  • United Parcel Service
  • Zipline International 
  • and others.

Comments

Post a Comment

Popular posts from this blog

Global Agriculture Equipment Market Insights, Size and Growth Forecast To 2027

Image
  Global agricultural equipment market likely to driving due to growing population base across developing countries and rising government initiatives.  Global agricultural equipment market size valued at USD 132.64 billion in 2019 and expected to grow at a CAGR of over 7.12 % during the forecast period, 2020–2027.  It is primarily attributed to increasing mechanization across the globe and the growing adoption of advanced technologies in the agriculture industry. Moreover, the surge in disposable income around the world and growing demand for processed foods, packaged foods, high energy foods, and meats are projected to propel the growth of the global agricultural equipment industry. Additionally, the huge adoption of modern technologies by farmers to raise farm yield and meet the increasing demand for food across the globe will impact the robust growth of the agricultural equipment market. Furthermore, the high demand for agricultural products coupled with a surge in po...
Read more

Global Smart Office Furniture Market by Product Type, by Distribution Channel, and By Region

Image
  Global smart office furniture market expected to propel due to the surge in demand for the connectivity technologies based-office furniture for helping employees’ and improvement in organizations productivity.  The global smart office furniture market expected to grow over a CAGR of 18.37% during the forecast period, 2020-2027.   The growth can be attributed to the growing demand for the sensors embedded smart office furniture to analyze the activity log of employees by assessing and evaluating the active and inactive working hours of employees. Additionally, the growing applications of smart office furniture for helping health issues of employees at workstations such as capture the number of calories burnt and notify them with a sedentary alert in case the user sits for prolonged sitting hours without any physical activity. These factors projected to drive the growth of the global smart office furniture market size in the analysis period. Further, the shifting tr...
Read more

Global Artificial Meat Market Insights, Size and Growth Forecast To 2027

Image
  Global Artificial Meat Market will influence by increasing demand for alternative protein-rich food products and the rising consumption for cultured meat.  The global Artificial Meat market predicted to grow with a noteworthy rate during the forecast period 2019-2027 , owing to a surge in income levels across developing countries, reduction in land for much-needed crops, and stability for climate change. The global lab-grown meat or artificial meat market will bolster by the growth in demand for credible alternatives to traditional meat and a significant reduction in greenhouse gases, land use, and water use. The artificial meat is also known as lab-grown meat, cultured meat, vitro meat, and synthetic meat. Additionally, these lab-made meats are cell-based and produce less carbon dioxide and will help to fight anti-microbial resistance and food adulteration. Moreover, the augmentation in demand for artificial meat in developing countries for prepared food & frozen meats...
Read more