The global drone logistics and transportation market size is expected to reach USD 31.84 Billion at a revenue CAGR of 19.5% in 2028, according to latest analysis by Emergen Research. Robust global drone logistics and transportation market revenue growth can be attributed to steady growth of the e-Commerce sector and increasing emphasis by e-Commerce firms on use of drones to transform delivery services in a commercial setting. Many governmental policies that have initially hindered the use of drones for logistics and transportation purposes have been amended and are supporting e-Commerce players, along with various parcel delivery firms, including FedEx deploying drones for delivery of packages. The US Federal Aviation Administration (FAA) formerly has excluded the use of drones for delivery of commercial goods. Recently however, FAA modified its policies allowing use of drones for logistics purposes under a number of clauses.
Use of drones for transportation of customer purchases provides a substantially beneficial solution for heavy traffic congestion in urban areas and enables reaching sites where accessibility is tough/impossible with other transportation modes. Drones are also used in scanning of pallets within warehouses and distribution centers, allowing operations teams to inspect stored inventory and locate lost or misplaced merchandise in places that are hard-to-reach. In addition, drones are deployed for security surveillance of large logistics facilities, including warehouses.
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Based on the competitive landscape, the market report analyses the key companies operating in the industry:
Zipline, CANA Advisors, Flirtey, Flytrex Aviation Limited, Hardis Group, Drone Delivery Canada, Workhorse Group PLC, Matternet, PINC Solutions, and Uber Technologies Inc.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Drone Logistics and Transportation market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Further key findings from the report suggest
- In October 2021, Korea Seven, which is a subsidiary firm of Lotte Group and manages South Korean 7-Eleven brand, made an announcement about launching a pilot run of drone delivery services the same year. Korea Seven announced its partnership agreement with Pablo Air, which is a developer hardware and software for drones, for pilot test of drone services.
- Among the type segments, freight drones segment accounted for larger revenue share in 2020. The main benefits delivered by freight drones include avoidance of road congestion and delays during transportation, provision of rapid and on-demand delivery services, easy operability and lower cost for air-based cargo services, and enhanced access to customers in remote locations.
- Among the application segments, infrastructure inspection segment accounted for largest revenue share in 2020. Drones find wide application in inspection of infrastructure after a disaster for the purpose of assessing risk and locating survivors or injured persons. Drone logistics and transportation is also deployed by marine surveyors for physical scrutiny of vessels and cargo; whereas, loss adjusters deploy drones to evaluate ships for any damage.
- Drone logistics and transportation market in North America accounted for largest revenue share in 2020, attributed to rapid adoption of advanced technologies, relaxation of federal laws pertaining to use of drones for commercial purposes, increasing defense budget, and increasing investment in use of drones by companies such as Walmart and Amazon. In addition, presence of leading players such as Drone Delivery Canada is causative of robust revenue growth of the market in the region.
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Emergen Research has segmented the global drone logistics and transportation market on the basis of type, application, operation mode, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Freight Drones
- Ambulance Drones
- Passenger Drones
Application Outlook (Revenue, USD Billion; 2018–2028)
- Shipping
- Warehousing
- Infrastructure Inspection
- Security Surveillance
- Others
Operation Mode Outlook (Revenue, USD Billion; 2018–2028)
- Remotely Operated
- Semi-Autonomous
- Autonomous
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Military
- Commercial
The study segments the Drone Logistics and Transportation industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2020 – 2027 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Drone Logistics and Transportation market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Drone Logistics and Transportation market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Drone Logistics and Transportation market.
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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