|03-15-2019 08:20 AM CET - Logistics & Transport||
$1,626+ Million Drone Logistics and Transportation Market to Grow at 60+% CAGR to 2027 Dominated by Volocopter, PINC, Zipline, Flirtey, Flytrex Aviation, Hardis
Press release from: The Insight Partners
PR Agency: The Insight Partners
The global drone logistics and transportation market accounted to US$ 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. North America was the leading geographic drone logistics and transportation market and it is anticipated to be the highest revenue contributor throughout the forecast period.
The research report on Drone Logistics and Transportation Market 2027 keenly analyzes significant features of the industry. The analysis servers market size, latest trends, drivers, threats, opportunities, as well as key market segments. It is based on past data and present market needs. Also, involve distinct business approaches accepted by the decision makers. That intensifies growth and make a remarkable stand in the industry. The Drone Logistics and Transportation market will grow with a significant CAGR between 2019 to 2027. The report segregates the complete market on the basis of key players, geographical areas, and segments.
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The major players operating in the market for drone logistics & transportation market include 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.
The study includes basic information about the product such as Drone Logistics and Transportation Market scope, segmentation, outlook. Likewise, it includes supply-demand static, investment feasibleness, and factors that constrain the growth of an industry. Especially, it offers product demand, yearly revenue and growth facet of the industry.
This report focuses on the Drone Logistics and Transportation Market Size, Revenue, Share, status, future forecast, growth opportunity, key market dynamics and key players. The study objectives are to present the Drone Logistics and Transportation development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
The research report provides an in-depth analysis of the major Drone Logistics and Transportation industry leading players along with the company profiles and strategies adopted by them. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.
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.
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.
The drone logistics & transportation market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. APAC is expected to be the fastest growing region in global drone logistics & transportation market. Whereas, Europe and North America holds a highest market share in the drone logistics & transportation market.
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The demand for drone logistics & transportation in developing economies is constantly rising as the number of applications are rising in different sectors. With a continuous advancement in drone technology, the large multinational companies are seeking forward for drones to ensure quick delivery of parcels with high speed while lowering time and operational costs. Asian countries have an advantage of having most confident shoppers when it comes to receiving deliveries through drones and using autonomous technology to make payments. The major reason for this is the presence of larger population, developing internet infrastructure, and growing awareness about the usage of drones.
The continuous growth in retail and online businesses in emerging markets of APAC and international companies targeting these economies for the expansion of their business is resulting in the growth of implementation of drone logistics & transportation in the region. Further, striving digital initiatives along with the adoption of advance technologies by the Asian countries have drove strong government support for adopting drone for particular. Rapid growth of online business in Asian countries has made the region a prosperous market for the parcel delivery.
Continuous government support in the countries particularly in India is one of major reason to improve and increase adoption of advanced technologies in the market. These factors are responsible for adoption of drones for logistics as well as transportation purpose in APAC region. Geographically, North America will have the largest share in the drone logistics & transportation market by 2027, later followed by Europe and APAC region, owing to rapid technological developments, numerous investments and supportive Government policies in the western part of the world.
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.
End User 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.
The drone logistics & transportation market is experiencing high growth in the forecast period. Increasing demands for faster delivery of goods is the most significant factor driving the growth of the drone logistics and transportation market. Concerns regarding safety during travel and package drop as well as lack of skilled & trained personnel are the few other challenges to be faced by drone logistics and transportation market.
The drone logistics & transportation providers are gaining prominence in the commercial sector owing to the fact that the end users are seeking various ways to cut down operational cost in their business and bring in faster mode of delivery.
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In the current state of commercial drone operations, several government bodies and authorities have imposed stringent laws and regulations. This factor has limited the drone operations in various developed as well as developing regions across the globe. One of the most critical laws imposed upon commercial drone operations is that the drone pilot should maintain a visual line of sight with the unmanned aerial vehicle while in operation.
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.
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.
Beyond the Visual Line of Sight (BVLOS) to Accentuate the Demand for Commercial Drone Service:
One of the most critical laws imposed upon commercial drone operations is that the drone pilot should maintain a visual line of sight with the unmanned aerial vehicle while in operation. 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.
GLOBAL DRONE LOGISTICS AND TRANSPORATION – MARKET SEGMENTATION
- Freight Drones
- Passenger Drones
- Ambulance Drones
By End User
- North America
o Rest of Europe
- Asia Pacific (APAC)
o Rest of APAC
- Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
- South America (SAM)
o Rest of SAM
- CHEETAH SOFTWARE SYSTEMS, INC.
- DRONE DELIVERY CANADA CORP.
- FLYTREX AVIATION, LTD.
- HARDIS GROUP
- INFINIUM ROBOTICS
- PINC SOLUTIONS
- VOLOCOPTER GMBH
- WORKHORSE GROUP INC.
TABLE OF CONTENTS:
2. KEY TAKEAWAYS
3. DRONE LOGISTICS & TRANSPORTATION MARKET LANDSCAPE
4. DRONE LOGISTICS & TRANSPORTATION MARKET - KEY INDUSTRY DYNAMICS
5. DRONE LOGISTICS & TRANSPORTATION MARKET - GLOBAL ANALYSIS
6. DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 - TYPE
7. DRONE LOGISTIC & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 - APPLICATION
8. DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 - END USER
9. DRONE LOGISTICS & TRANSPORTATION MARKET - GEOGRAPHICAL ANALYSIS
10. INDUSTRY LANDSCAPE
11. COMPETITIVE LANDSCAPE
12. DRONE LOGISTICS & TRANSPORTATION, KEY COMPANY PROFILES
12.1 CHEETAH SOFTWARE SYSTEMS, INC.
12.2 DRONE DELIVERY CANADA CORP
12.4 FLYTREX AVIATION, LTD.
12.5 HARDIS GROUP
12.6 INFINIUM ROBOTICS
12.7 PINC SOLUTIONS
12.8 VOLOCOPTER GMBH
12.9 WORKHORSE GROUP INC.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
LIST OF TABLES:
TABLE 1. GLOBAL DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
TABLE 2. NORTH AMERICA DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 - BY TYPE (US$ MN)
TABLE 3. NORTH AMERICA DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 - BY FREIGHT TYPE (US$ MN)
TABLE 4. NORTH AMERICA DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 5. NORTH AMERICA DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2027 - BY END USER (US$ MN)
LIST OF FIGURES:
FIGURE 1. DRONE LOGISTICS & TRANSPORTATION MARKET BREAKDOWN, BY TYPE, 2018 & 2027 (%)
FIGURE 2. MEA DRONE LOGISTICS & TRANSPORTATION MARKET REVENUE & FORECAST, 2019 & 2027 (US$ MN)
FIGURE 3. DRONE LOGISTICS & TRANSPORTATION MARKET SEGMENTATION
FIGURE 4. DRONE LOGISTICS & TRANSPORTATION MARKET SEGMENTATION - GEOGRAPHY
FIGURE 5. NORTH AMERICA - PEST ANALYSIS
FIGURE 6. EUROPE - PEST ANALYSIS
FIGURE 7. ASIA PACIFIC - PEST ANALYSIS
FIGURE 8. MIDDLE EAST & AFRICA PEST ANALYSIS
FIGURE 9. SOUTH AMERICA PEST ANALYSIS
FIGURE 10. DRONE LOGISTICS & TRANSPORTATION MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS
Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Drone Logistics and Transportation market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Drone Logistics and Transportation market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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