Drone Logistics and Transportation Market Prognosticated to Perceive a Thriving Growth at 60.6% CAGR 2027

Latest market study on "Drone Logistics and Transportation Market to 2027 by Type (Freight Drones, Passenger Drones, and Ambulance Drones); Application (Warehousing, Shipping, and Others); and End User (Military and Commercial) - Global Analysis and Forecast", the drone logistics and transportation market is estimated to reach US$ 1,628.98 Mn by 2027 from US$ 24.58 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

In the recent drone industry, several companies worldwide are offering third party services to different industries to cater their needs of delivery. The number of third party drone logistics & transportation providers are increasing rapidly year on year, attributing to the significant demand generated from the end users, which is helping the market for drone logistics & transportation to propel over the years. The drone logistics & transportation market is fragmented as the industry is heavily captured by a number of small and medium scaled players in different geographies. The market players continuously investing significant amounts to deliver advanced and best quality drone logistics & transportations to their clients.

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The drone logistics & transportation market in the current scenario is progressing substantially, as the governments of several countries are simplifying the laws and regulations for drone logistics & transportations, which is rising the number of drone operating companies. Recently, Federal Aviation Administration has simplified the rules for delivering goods through unmanned aerial systems, which has increased the number of applications from different companies. Attributing to the stringent legislations, the aerial delivery companies were restricted from using the service. The delivery segment in the global drone market is niche in the current scenario, as very few companies offer this service. Zipline is one of the prominent delivery drone service providers in the US, which delivers medicines, blood and vaccines in Africa. Matternet, a Swiss logistic company is engaged in delivering medical supplies through drones and the city is concentrated with drones.

The company has been recognized by the FAA for testing of delivery services in the US owing to the technology and track record in the operating city.
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 market for drone logistics and transportation market is segmented on various parameters such as type, application, end user, and geography. Based on type, freight type segment dominate the drone logistics and transportation software market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027. On the basis of application, warehousing segment is expected to witness a significant growth rate in the coming years. The drone logistics and transportation market operates in an extremely fragmented industry with huge number of smaller players capturing the market. Key players operating in the market are introducing attractive services and solution which is helping the companies to gain customer traction.

The major companies offering drone logistics and transportation to different industries 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.. Several other companies are also offering these services to different industries which is facilitating the drone logistics and transportation market to propel over the years.

The report segments the global vision guided robotics software market as follows:

Global Vision Guided Robotics Software Market - By Robot Type

• Fixed Robot
• Mobile Robot

Global Transportation Management System Market - By Technology

• 2D Vision Guided
• 3D Vision Guided

Global Transportation Management System Market - By Application

• Arc Welding
• Assembly
• Cutting
• Palletizing & Machine Tending
• Navigation
• Random Bin Picking
• Collaborative Robots
• Others

Global Transportation Management System Market - By Vertical

• Automotive
• Electrical & Electronics
• Aerospace
• Healthcare
• Transportation & Logistics
• Food & Beverages
• Others

Drone Logistics and Transportation Market Insights
Rising acceptance due to various benefits offered
The benefits of drone deliveries that have attracted parcel delivery industry players and e-commerce industry players include reduced roadway congestion, improved safety, optimized route flexibility, reduced greenhouse gas emission, and overnight or one-day delivery. The market is anticipated to escalate in the coming years though deliveries, as the drone delivery service reduces the logistics cost of the end users greatly. With the further alterations in regulations, and an increasing number of logistics partners and e-commerce players opt for drone service, the number of third party service providers are also anticipated to rise, thereby accentuating the market in the forthcoming years. Several governmental regulations have restricted the usage of drones for commercial delivery purposes in the earlier years, however, with the amendments in this regulations are helping the e-commerce industry players as well as several parcel delivery companies to use the service.

Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Procurement as-a-Service Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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