Overview and Scope
Drone logistics and transportation refers to the transport of goods and packages through drones. Drones are unmanned aircraft that can be controlled using software-controlled remotes. Drones can be used to carry small cargo packages and deliver them to desired locations in very less time.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the drone logistics and transportation market in 2023. The regions covered in the drone logistics and transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the drone logistics and transportation market report are Amazon.com Inc., Alphabet Inc., DHL Group, United Parcel Service of America Inc., FedEX Corp., Uber Technologies Inc., Meituan, Volocopter GmbH, Hardis Group, Microdrones GmbH, Wingcopter GmbH, FlytBase Inc., Zipline International Inc., Wing Aviation LLC, Flytrex Inc., EHang Holdings Limited, Pinc Solutions, Workhorse Group Inc., DroneUp LLC, Flirtey Inc., Drone Delivery Canada, Infinium Robotics Inc., Cana LLC, Unifly NV, AirMap Inc., DroneScan Inc., Avia Tech International Training Academy Inc., DJI Technology Co. Ltd., Skylogic Research LLC, UAV Systems International Ltd.
The drone logistics and transportation market report table of contents includes:
1. Executive Summary
2. Drone Logistics And Transportation Market Characteristics
3. Drone Logistics And Transportation Market Trends And Strategies
4. Drone Logistics And Transportation Market – Macro Economic Scenario
5. Global Drone Logistics And Transportation Market Size and Growth
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32. Global Drone Logistics And Transportation Market Competitive Benchmarking
33. Global Drone Logistics And Transportation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Drone Logistics And Transportation Market
35. Drone Logistics And Transportation Market Future Outlook and Potential Analysis
36. Appendix
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