According to Market Research Future (MRFR), the global drone logistics and transportation market is expected to acquire the market value of USD 35,170 Million, thriving at a CAGR of 56% during the forecast period from 2022 to 2030.
The growing usage of unmanned aerial vehicles (UAVs) for commercial and military applications is anticipated to be a key factor driving the global drone logistics and transportation market. The extensive application of drones in border surveillance, aping, precision agriculture, and aerial remote sensing are predicted to increase the demand for drone logistics and augment the market during the forecast period. Furthermore, the surging popularity of e-commerce trade is expected to boost the requirement of drone logistics, which can strengthen the market in the review period.
On the flip side, issues related to battery life and limited availability of expertise are anticipated to hamper the growth of the drone logistics and transportation market overview during the forecast period. However, the increasing demand to reduce operational costs along with above-mentioned factors are predicted to counter the impeding factors and can increase the demand and grow the market during the forecast period.
Key Players
The established entities of the global drone logistics and transportation market are FedEx (US), DHL International GmbH (Germany), Drone Delivery Canada (Canada), Amazon (US), PINC Solutions (US), Hardis Group (France), DroneScan (South Africa), Infinium Robotics (Singapore), and Altitude Angel (UK).
Market Segmentation
The segmental analysis of the global drone logistics and transport market is done by solution, application, and drone.
The solution-based segments of the global drone logistics and transport market are shipping, warehousing, infrastructure, and software. Among all, the software segment is anticipated to register the highest CAGR during the projection period.
The application-based segments of the global drone logistics and transport market are commercial and military. Between these two segments, the commercial segment is predicted to exhibit a higher growth rate during the forecast period from 2022 to 2030.
The drone-based segments of the global drone logistics and transport market report are freight drones, passengers drone, and ambulance drones. Among all, the freight drones segment is projected to dominate the market. It is also likely to be the fastest-growing segment during the review period.
Regional Analysis
Based on the region, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
As per the assessment, North America is expected to dominate the global market during the forecast period owing to the robust presence of drone transportation and logistics service providers. The region is anticipated to be the largest market shareholder during the review period. Besides, the technological development in drone logistics and transport is likely to be another potential cause, which can augment the market in the coming period.
Europe is predicted to acquire the second position and grow at a steady pace during the review period owing to the growing collaborations between drone logistics and transportation service providers.
The APAC region is anticipated to be the fastest-growing region during the forecast period owing to the active participation of evolving economies like India, China, and Japan. Further, the fast adoption of drones by various renowned e-commerce entities like Alibaba and others can develop the regional market in the coming period.
The MEA region is likely to acquire a small amount of market share during the review period. The region is likely to progress owing to the participation of Middle East countries like Saudi Arabia, Qatar, and others owing to their economic stability.
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