Press release
Drone Logistics and Transportation Market Segmentation, Trends, and Future Outlook by 2033 || Amazon.com Inc., Alphabet Inc., DHL Group
Drone Logistics And Transportation Global Market Report 2024
The Business Research Company presents an extensive market research report on the Drone Logistics And Transportation Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The drone logistics and transportation market size has grown exponentially in recent years. It will grow from $14.85 billion in 2023 to $18.05 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to operational efficiency, cost reduction, last-mile delivery challenges, regulatory support, environmental sustainability.
The drone logistics and transportation market size is expected to see exponential growth in the next few years. It will grow to $40.49 billion in 2028 at a compound annual growth rate (CAGR) of 22.4%. The growth in the forecast period can be attributed to infrastructure development, urbanization trends, global trade and e-commerce growth, supply chain resilience, public perception and acceptance. Major trends in the forecast period include collaborations and partnerships, beyond visual line of sight (BVLOS) operations, development of hybrid and VTOL drones, environmental sustainability, regulatory framework development.
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Key Market Players:
Major companies operating in the drone logistics and transportation market report are Amazon.com Inc., Alphabet Inc., DHL Group, United Parcel Service of America Inc., FedEX Corp., Uber Technologies Inc., Meituan, Volocopter GmbH, Hardis Group, Microdrones GmbH, Wingcopter GmbH, FlytBase Inc., Zipline International Inc., Wing Aviation LLC, Flytrex Inc., EHang Holdings Limited, Pinc Solutions, Workhorse Group Inc., DroneUp LLC, Flirtey Inc., Drone Delivery Canada, Infinium Robotics Inc., Cana LLC, Unifly NV, AirMap Inc., DroneScan Inc., Avia Tech International Training Academy Inc., DJI Technology Co. Ltd., Skylogic Research LLC, UAV Systems International Ltd.
Market Drivers:
The increasing use of drones for logistics and transportation is driving the drone logistics and transportation market forward. Drones are increasingly used to deliver small to mid-sized packages as they offer convenience and cost savings. The use of drones increased after the COVID-19 pandemic due to social distancing and hygiene awareness. For instance, in April 2021, according to a survey conducted by Virginia Tech, a research university based in Virginia, 87% of the respondents had a positive sentiment about drone delivery, and 89% indicated that they were likely to use the service or already had. As a result, increasing demand for drones in logistics propels the drone logistics and transportation market forward.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/drone-logistics-and-transportation-global-market-report
The drone logistics and transportation market covered in this report is segmented -
1) By Solution: Warehousing, Shipping, Infrastructure, Software
2) By Drone: Freight Drones, Passenger Drones, Ambulance Drones
3) By Sector: Military, Commercial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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