Automotive and Transportation DRONE IN LOGISTICS MARKET IS PROJECTED TO GROW UP TO 22.3% CAGR DURING THE FORECASTING PER...


DRONE IN LOGISTICS MARKET IS PROJECTED TO GROW UP TO 22.3% CAGR DURING THE FORECASTING PERIOD 2021-2027.

Drones for transport are rapidly becoming a major part of the modern logistics industry. Drone logistics and transportation can be linked to applications like disaster relief, shipping, and warehousing, both of which have a lot of room for development. With the numerous initiatives being implemented by governmental bodies from various regions in order to help the logistics and transportations sector. It is clear that the market is expanding at a faster pace. By making the inspection and review process easier, transport drones have the ability to have an effect on ocean freight. When it comes to rail, transport drones can be released from a train to carry parcels as it reaches specific locations. It should also be noted that the use of drones is expected to have a significant effect on air shipments and improve the overall efficiency of the operation. These unmanned aerial vehicles (UAVs) are capable of a wide variety of activities, from military operations to commercial package delivery. These drones can be as large as an aeroplane or as small as your palm. Drones in logistics are capable of taking inventory in a warehouse, moving goods by air, and performing security tasks. Some businesses have already started testing for use in product delivery to end customers.

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Key Driving Factors: During the forecast period, the market for freight drones is expected to rise at the fastest rate:

During the forecast period, the freight drones segment is anticipated to lead the drone logistics and transportation market. Drones are being tested in the military to carry supplies. The US Army is testing its Joint Tactical Aerial Resupply Vehicle (JTARV), which is designed to provide vital supplies to army troops during times of war. Furthermore, the rise of e-commerce has led to product delivery and courier service behemoths like Amazon and DHL putting the concept of drone delivery into effect. This segment is expected to grow the fastest, thanks to a lot of investments and collaboration among companies in the use of drones for delivery of goods and services. However, the introduction of consumer drones in the near future could have a minor effect on market dynamics during the forecast period. Boeing, Airbus, and Uber Technologies are only a few of the firms working on passenger drones and flying cars at the moment.

This report offers the major market player’s profiles, such as Drone Delivery Canada Corp., PINC Solutions Corp, DroneScan, HARDIS Groupe, Matternet Inc., Workhorse Group Inc., Skysense, Inc., Zipline Inc. Multirotor, Skysensel, Volocopter GmbH, Infinium Robotics Pte Ltd., Cheetah Logistics Technology, Unifly, and Skycart.

Opportunities:  Drones are becoming more commonly used in commercial and military applications:

One of the most important factors expected to drive the growth of the drone logistics and drone transportation market is the growing usage of drones in commercial and military applications. Unmanned aerial vehicles are expected to produce new revenue in the European and Asia Pacific areas. Exemptions granted by the Federal Aviation Administration (FAA) to allow the use of drones in a variety of industries are also helping the drone logistics and drone transportation markets to expand.

By Sector:

The commercial segment is expected to lead the drone logistics and drone transportation market in 2022, based on industry. The commercial segment has expanded as the use of drones for various applications such as inventory management, inventory monitoring, parcel delivery, medical supply delivery, and food delivery has increased.

The Drone in Logistics market report has been categorized as below

By Solution

  • Warehousing
  • Shipping
  • Infrastructure
  • Software

By Sector

  • Warehousing
  • Shipping
  • Infrastructure
  • Software

By Type

  • Freight Drones
  • Passenger Drones
  • Ambulance Drones

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

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Published Date : April-2021