The Drone Logistics And Transportation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Drone Logistics And Transportation Global Market Report 2024, The drone logistics and transportation market size has grown exponentially in recent years. It will grow from $14.85 billion in 2023 to $18.05 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to operational efficiency, cost reduction, last-mile delivery challenges, regulatory support, environmental sustainability.
The drone logistics and transportation market size is expected to see exponential growth in the next few years. It will grow to $40.49 billion in 2028 at a compound annual growth rate (CAGR) of 22.4%. The growth in the forecast period can be attributed to infrastructure development, urbanization trends, global trade and e-commerce growth, supply chain resilience, public perception and acceptance. Major trends in the forecast period include collaborations and partnerships, beyond visual line of sight (BVLOS) operations, development of hybrid and VTOL drones, environmental sustainability, regulatory framework development.
The increasing use of drones for logistics and transportation is driving the drone logistics and transportation market forward. Drones are increasingly used to deliver small to mid-sized packages as they offer convenience and cost savings. The use of drones increased after the COVID-19 pandemic due to social distancing and hygiene awareness. For instance, in April 2021, according to a survey conducted by Virginia Tech, a research university based in Virginia, 87% of the respondents had a positive sentiment about drone delivery, and 89% indicated that they were likely to use the service or already had. As a result, increasing demand for drones in logistics propels the drone logistics and transportation market forward.
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The drone logistics and transportation market covered in this report is segmented –
1) By Solution: Warehousing, Shipping, Infrastructure, Software
2) By Drone: Freight Drones, Passenger Drones, Ambulance Drones
3) By Sector: Military, Commercial
Major companies operating in the drone logistics and transportation market are increasing their focus on introducing point-to-point drone transport supply chain logistics services to gain a competitive edge in the market. Point-to-point drone transport supply chain logistics services involve the use of drones to directly transport goods from one specific location to another within the supply chain. For instance, in January 2023, TSAW Drones, an India-based software company, launched its logistics arm called DRONECO. It is designed to facilitate point-to-point drone transport supply chain logistics services, with a focus on delivering goods to customers promptly. DRONECO is utilizing its cloud-based UAV system, called the Drone Cloud Intelligence System (DCIS), to create safe and secure drone flight paths on demand.
The drone logistics and transportation market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Amazon.com Inc.
- Alphabet Inc.
- DHL Group
- United Parcel Service of America Inc.
- FedEX Corp.
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