Drone Logistics and Transportation Market value $29.06 Billion by 2027

1
According to the latest market research report the
"Drone Logistics and Transportation Market by
Solution Shipping, Software),
(Warehousing, Infrastructure, Sector
(Commercial, Drone (Freight Passenger
Military), Drones, Drones,
Ambulance Drones), and Region - Global Forecast
to 2027", The drone logistics and
transportation market is estimated to be
USD 11.20 Billion in 2022 and is projected to
reach USD 29.06 Billion by 2027, at a CAGR of
21.01 from 2022 to 2027. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id132496700 The increasing use of unmanned
aerial vehicles in civil and commercial
applications for faster delivery of goods is one
of the most significant factors expected to drive
the growth of the drone logistics market. Rising
demand for sophisticated industry- specific
analytical solutions is also expected to fuel the
growth of the drone logistics market. The
shipping segment is projected to grow at the
highest CAGR during the forecast period. Based
on solution, the shipping segment of the drone
logistics and transportation market is projected
to grow at the highest CAGR from 2022 to 2027.
Drones can be used to transport a wide range of
products, from small packages to medical supplies
and food, among others. A lot of investments has
been seen in the delivery drone industry by
venture capitalists to commercialize the
industry. Companies such as Amazon, Google, and
Walmart are also engaged in research and
development activities to commercialize the use
of drones for delivery. The commercial segment is
projected to grow at a higher CAGR during the
forecast period. Based on sector, the drone
logistics and transportation market has been
segmented into commercial and military. The
commercial segment is projected to witness a
higher growth rate during the forecast period.
Rising interest in the use of unmanned aerial
vehicles (UAVs) or drones for the delivery of
packages has led to huge investment by venture
capitalists in this field. A number of logistics
companies, such as UPS and DHL, are looking into
using drones for logistics applications.
Relaxation of restrictions imposed on the
commercial use of UAVs is expected to drive the
growth of the drone logistics and transportation
market for commercial drones.
2
The lt10kg (Delivery Drones) segment is estimated
to lead the drone logistics and transportation
market in 2022. Based on cargo weight, the lt10kg
(Delivery Drones) sub segment of freight drones
segment is estimated to lead the drone logistics
and transportation market in 2022. As technology
innovations continue, such as dual GPS modules,
sense collision avoidance, dual batteries, and
dual flight controllers, the cost of drones is
expected to decrease gradually, making drones an
even more attractive mode of transporting
items. North America is projected to be the
fastest-growing market for drone logistics
during the forecast period. The drone logistics
and transportation market in the North America
region is projected to grow at the highest
CAGR during the forecast period. This growth can
be attributed to the high demand for UAVs from
the commercial and military sectors of countries
in the region, such as the US and Canada. The
military budgets of the aforementioned countries
are increasing on a yearly basis, which has
subsequently led to the adoption of military
UAVs, as they can assist in the delivery of heavy
payloads. Key Market Players Key players
operating in the drone logistics and
transportation market include PINC Solutions
(US), CANA Advisors (US), Drone Delivery Canada
(Canada), DroneScan (South Africa), Hardis Group
(France), Infinium Robotics (Singapore),
Matternet (US), and Workhorse Group (US). Ask
for Sample Report _at_ https//www.marketsandmarkets
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