Drone Logistics & Transportation Market Study by Top Industry Players as Cheetah Software Systems, Drone Delivery Canada, Flirtey, Flytrex Aviation, Hardis Group, Infinium Robotics, PINC Solutions, Volocopter

Factors including increasing developments in the e-commerce sector and rising acceptance owing to various benefits offered are significantly driving the global drone logistics & transportation market. However, lack of skilled operators and difficulties in operation are impeding the market growth. Proliferation in rural deliveries is opportunistic for the growth of the market. For instance, in 2017, Tanzanian government announced the partnership with Zipline with an objective to provide emergency on-demand access to medicines, vaccines and blood in the region.

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

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The future of the market is anticipated to be prominent, with the implementation of Beyond the Visual Line of Sight (BVLOS). The benefits of BVLOS is that the concept allows the operators to fly drones in complex conditions and truly unmanned technology without the need for takeoff and landing. This technological concept is anticipated to trigger the growth of the market in the coming years.

Companies profiled in this report includes, Cheetah Software Systems, Inc., Drone Delivery Canada Corp., Flirtey, Flytrex Aviation, Ltd., Hardis Group, Infinium Robotics, PINC Solutions, Volocopter GmBH, Workhorse Group Inc., and Zipline among others.

Key Benefits-
 To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Drone Logistics & Transportation Market
 To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

On the basis of application, the shipping segment is leading the drone logistics & transportation market. However, the warehousing segment are anticipated to grow at a highest CAGR. The shipping application uses drones for the claims/returns of goods. These have a potential to organize claims/returns of goods in logistics industry. It enables retailers to utilize heavier duty drone to take defective products. It would assist the retailer to eradicate situations like emission and road congestion while delivering better expedient process. Currently, the global players are looking ahead to support logistic industry by using drones as an alternative solution for delivering drones. Drones aims to deliver packages following the last mile logistics concept, which is boosting the market for shipping market.

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The overall drone logistics & transportation market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the drone logistics & transportation market. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Drone Logistics & Transportation industry.

The report segments the global Drone Logistics & Transportation market as follows:

Global Drone Logistics and Transportation Market – By Robot Type
• Freight Drones
• Passenger Drones
• Ambulance Drones

Global Drone Logistics and Transportation Market – By Application
• Warehousing
• Shipping
• Others

Global Drone Logistics and Transportation Market – By End User
• Military
• Commercial

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Company: The Insight Partners
Contact: Sameer Joshi
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This release was published on openPR.