Europe Drone Logistics & Transportation Market Boosts Growth with Highest 61.0% CAGR Till 2027 | Flytrex, Zipline, Flirtey, Hardis Groupe, SAS, Volocopter

Drone Logistics & Transportation market in Europe is expected to grow from US$ 7.54 Mn in 2018 to US$ 510.87 Mn by the year 2027. This represents a CAGR of 61.0% from the year 2019 to 2027. Growth in the e-commerce market is fuelling dramatic changes in the warehouse which is further enhancing the growth of Drone Logistics And Transportation Market. Owing to this the entire e-commerce market is gaining a great deal of attraction.

However, the time taken to deliver goods and parcels was longer in earlier days, with the emergence of advanced technologies and faster parcel delivery options such as through drones are making the e-commerce industry players simplify the delivery process and at a much lesser time. In the current drone Logistics & Transportation market scenario, drones are majorly deployed by e-commerce companies and several governments and private organizations to deliver time-sensitive goods, medicines and emergency response goods. 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.

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The robust focus of the German Federal Aviation Office (FAO) for flying a drone in Germany, by following certain compliant associated with the drone regulations. Various drone Logistics & transportation market players adhere with the regulations established for the use of drones for other purposes. For instance, ZF Friedrichshafen AG is a first German company which has received a permit to use autonomous drones for the transportation of goods in its premise specifically in plant. Such approvals and initiatives would help the companies to widen the scope of delivery drones.

Major Key Players Covered In This Report:
Flytrex
Zipline
Drone Delivery Canada Corp.
Flirtey
Hardis Groupe, SAS
Volocopter
Cheetah Logistic Technology
PINC Applications Corp.
Workhorse Group Inc.
Infinium Robotics

The European drone logistics & transportation market players are innovating with technological advancements. The European Union is continuously focusing towards the development in aviation with a great potential to create new jobs and economic growth of the country as well as drone Logistics & Transportation market. The EU adopted various regulation to safely incorporate remotely piloted drones into the European airspace. The EU regulations sets many civil aviation safety and updates various mandate for the European Aviation Safety Agency (EASA).

Despite the exponential growth of delivery drones in European countries, the most problematic scenario for delivery drone could be, to provide its service to the mid-sized buildings with pitched roofs. The delivery drones require an alternative delivery point or kind of collection point of the parcels. In respect to this, an existing DHL Packstation or Paketkasten network would be enhanced to manage shipments of this type.

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Moreover, DHL has entered into a partnership with Microdrones, a manufacturer of UAV to deliver pharmaceuticals at headquarter of DHL for the employees. These initiatives depict a positive growth for the drones in the logistics and transportation market. In 2018, Flytrex has recently raised $7.5 million in Series B funding. The company is granted with funds Benhamou Global Ventures (BGV) along with additional investment from the btov. With the help of raised finance, it would scale-up the technology, operations of Flytrex in respect to drone delivery in Iceland and North Dakota. Such investment will further fuels the drone logistics & transportation market in the region.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Drone Logistics & Transportation market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Europe Drone Logistics & Transportation market segments and regions.

The research on the Europe Drone Logistics & Transportation market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Europe Drone Logistics & Transportation market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe Drone Logistics & Transportation market.

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