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....