Drone logistics and transportation Market 2019-2027| Analysis by Top Key Players – Honeywell International, Aireon, Rockwell Collins, Garmin, Flyht Aerospace Solutions, Spider Tracks, Skytrac Systems, Blue Sky Network

North America was the leading geographic market and it is anticipated to be the highest revenue contributor throughout the forecast period. Logistics sector is growing at a rapid rate driven by high demand in healthcare and other industries. Therefore, the companies are taking related initiatives to further enhance the scope of delivery using drones to optimize time, cost and speed delivery of parcels across the region.

The global drone logistics and transportation market accounted to US$ 24.58 Mn in 2018 and is expected to grow at a CAGR of 60.6% during the forecast period 2019 - 2027, to account to US$ 1,626.98 Mn by 2027.

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Key Players- Honeywell International, Aireon, Rockwell Collins, Garmin, Flyht Aerospace Solutions, Spider Tracks, Skytrac Systems, Blue Sky Network among others.

Market Insights

Increasing developments in the e-commerce sector
-E-commerce companies are considerably opting for drones in order to revolutionize the last mile delivery services in a commercial scenario. Several governmental regulations have restricted the usage of drones for commercial delivery purposes in the earlier years, however, with the amendments of these regulations are helping the e-commerce industry players as well as several parcel delivery companies to use the service. For instance, the US Government body, the Federal Aviation Administration earlier has banned the usage of drones for deliveries in the US sky. However, the body has altered the ban and has allowed the usage of the UAVs for goods deliveries under a number of clauses.

Type Insights:
-The global drone logistics and transportation market by type is segmented in to freight drones, passenger drones, and ambulance drones. The freight drones is further segmented into cargo and delivery drones. These are extensively utilized for the transportation of small items, medical products, and carries passengers as well. These drones have its own flying limits depending upon its usage. Drones are neither allowed to fly at a low range as it would hit the mid-sized and tall buildings nor at a high range to hit any airlines. The aviation industry specified their flying limits.

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End Use Insights:
-The drone logistics and transportation market by end user is further segmented into military and commercial end users. Drones in logistics & transportation industry is growing at a high rapid pace and successfully introduces new advancements. The end user segment of drone logistics & transportation is further segmented into military and commercial end users. Delivery drones cater the needs of its end users by ensuring proper and timely delivery of parcels.

Strategic Insights:
-Market Initiative was observed as the most adopted strategy in global drone logistics and transportation industry. Few of the recent partnership, contractual alliances for the deployment of new technological solutions are listed below;

-2018: Flytrex is to deliver food items from restaurant to the King’s Walk golf course outside of Grand Forks for the golfers. Through Flytrex’s system, the golfers can easily place order and pay for a food using a custom-built app.

-2018: Volocopter has stated about the plans to test air taxi service in the Summit of Urban Mobility held in Paris. The company is to conduct flight tests in the mid of 2019 in Singapore, which is supported by the Civil Aviation Authority of Singapore (CAAS), Ministry of Transport (MOT), and Economic Development Board (EDB). The flight tests are developed to certify and confirm the ability of eVTOL vehicles of Volocopter.

-2018: Drone Delivery Canada and the Moose Cree First Nation plans to partnering to launch the first commercial drone delivery service in Canada, as noted in a press release on October 4, 2017. DDC has worked closely with Transport Canada and community stakeholders to commence commercial test flights within the Moose Cree Community, located 20km south of James Bay in Northern Ontario.

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