Global Drone Logistics and Transportation Market is Expected to Reach $24.01 Billion by 2026

According to Stratistics MRC, the Global Drone Logistics and Transportation Market is estimated at $4.98 billion in 2017 and is projected to reach $24.01 billion by 2026, at a CAGR of 19.1%. Demand for faster delivery of goods, opportunities for vendors at different levels of the value chain, the increasing use of drones in various industries and rising demand for sophisticated industry-specific analytical solutions are some of the key factors fueling the market growth. Factors such as delivery authentication & cybersecurity concerns and restrictions on the commercial use of drones are restraining the market.

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Some of the key players in Drone Logistics and Transportation Market are Cana Advisors, H3 Dynamics, Recent Developments, Flirtey, Drone Delivery Canada, Matternet, Uber, Zipline, Pinc Solutions, Altitude Angel, Infinium Robotics, Multirotor, Workhorse Group, Airmap, Skysense, Cheetah Logistics Technology, Unifly, Hardis Group, Volocopter GmbH and Skycart.

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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 have 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. Unmanned aerial vehicles (UAVs) are remotely piloted aerial vehicles that have significant roles in the defense and commercial sectors. UAVs, also known as drones, are increasingly used for border surveillance. They are also used in various commercial applications, such as monitoring, surveying & mapping, precision agriculture, aerial remote sensing, and product delivery.

Based on Sector, the commercial segment is likely to have significant growth during the predicted period. A number of logistics companies are looking into using drones for logistics applications. Rising interest in the use of UAV for the delivery of packages has led to huge investment by venture capitalists in this field. By geography, North America is expected to account for the largest share of the market which can be attributed to the high demand for Unmanned aerial vehicles from the military sectors and commercial of countries, such as the US and Canada.

Solutions Covered:
Shipping
Route Planning
Infrastructure
Software

Sectors Covered:
Military
Commercial

Drones Covered:
Passenger Drones
Freight Drones
Medical/Ambulance Drones

Major Points From the Table of Content:
Chapter One: Executive Summary
Chapter Two: Preface
Chapter Three: Market Trend Analysis
Chapter Four: Porters Five Force Analysis
Chapter Five: Global Drone Logistics and Transportation Market, By Solution
Chapter Six: Global Drone Logistics and Transportation Market, By Sector
Chapter Seven: Global Drone Logistics and Transportation Market, By Drone
Chapter Eight: Global Drone Logistics and Transportation Market, By Geography
Chapter Nine: Key Developments
Chapter Ten: Company Profiling

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