Market Definition
A drone, also known as an unmanned aerial vehicle (UAV), is a remote-controlled flying device that may fly automatically or with the assistance of a pilot. It is outfitted with an antenna, receiver, accelerometer, altimeter, cameras, sensors, and batteries to collect data for a variety of applications such as surveying, mapping, and monitoring.
Market Dynamics
The global Drone Logistics & Transportation Market was valued at US$ 1.8 billion in 2022 and it is anticipated to grow up to US$ 55.7 billion by 2032, at a CAGR of 19.6% during the forecast period.
It’s utilized in logistics and transportation to get goods and shipments to customers. Drone logistics and transportation have advantages over traditional delivery systems, including faster delivery, lower prices, and more excellent safety and efficiency. As natural catastrophes and climate change become more common, drone logistics and transportation are becoming more popular in locations prone to windstorms, tornadoes, hurricanes, landslides, flooding, and other extreme weather events.
The increasing demand for efficient logistics is one of the key drivers for the drone logistics and transportation industry. Customers are prepared to pay extra to have products delivered on the same day, indicating a surge in demand for faster and more efficient delivery at cheap prices, particularly in the e-commerce sector. This need will very certainly enhance the use and acceptance of drones in the logistics and transportation markets. According to a Clutch poll, 36% of internet customers would be more likely to place orders if drone delivery was available. Drones for logistics and transportation are being extensively tested across the world for the postal delivery, healthcare and pharmacy packages such as drugs, blood, and organ and equipment transfer, and retail & food packages such as e-commerce, grocery delivery, and meal delivery. According to Valdani Vicari & Associati s.r.l. (Belgium), a consulting firm that conducted a cost analysis of the delivery of biomedical products via drones vs. electric vans, drones would take approximately 15 minutes and cost USD 2.3, whereas an e-van would take approximately 42 minutes and cost USD 5.58 for the same destination. This indicates that drone delivery is likely to be 60% less expensive. A fleet of drones is also more efficient to handle than a fleet of ground-based vehicles.
Furthermore, with the fast advancement of technology, drones are now widely utilized in logistics management and transportation to their destinations. A growing number of businesses is using drones across the world to manage their supply chain management systems. Drones are also utilized in mining operations, land surveying, agriculture land and crop inspections, and many more applications. These drivers are likely to propel market expansion.
Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Drone Logistics & Transportation Market Segmentation
By Solution
- Warehousing
- Shipping
- Infrastructure
- Software
By Drone
- Freight Drones
- Delivery Drones
- Cargo Drones
- Passenger Drones
- Ambulance Drones
By Range
- Close-Range (<50 Kilometers)
- Short-Range (50 to 150 Kilometers)
- Mid-Range (151 to 650 Kilometers)
- Long-Range (>650 Kilometers)
By User
- Military
- Commercial
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Major Players in the Global Drone Logistics & Transportation Market
The key players studied in the global Drone Logistics & Transportation Market are Cana Advisors , H3 Dynamics, Flirtey , Drone Delivery Canada , Matternet , Uber, Zipline, Altitude Angel, Infinium Robotics, and Workhorse Group among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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