Innovate, Elevate, Dominate: Drone Logistics and Transportation Market Set to Soar Past USD 18311.06 Million by 2030
The global Drone Logistics and Transportation market size is expected to reach USD 18311.06 million by 2030 and exhibit a CAGR of 55.2% in the forecast period (2023−2030), according to Skyquest’s latest research report. The cost savings through automation and reduced labor expenses, faster and more efficient delivery capabilities, increasing demand for e-commerce and online shopping, advancements in drone technology and capabilities, improved battery life and flight range, regulatory support and favorable policies for commercial drone operations, expanding applications in sectors such as healthcare, agriculture, and disaster relief, reduced carbon footprint and environmental benefits, are fueling the market’s growth.
Westford, USA, June 23, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research, integration of artificial intelligence and machine learning for autonomous drone operations, emergence of urban air mobility and drone delivery networks, development of beyond visual line of sight (BVLOS) capabilities, increasing use of swarm technology for coordinated drone operations, adoption of blockchain technology for secure and transparent drone transactions, growth of hybrid drone systems combining traditional delivery methods with drones, implementation of geofencing and airspace management solutions,, are the trends that aid in the drone logistics and transportation market’s growth.
Browse in-depth TOC on “Drone Logistics and Transportation Market”
- Pages – 259
- Tables – 65
- Figures – 73
Drone logistics and transportation is the use of drones to deliver packages, transport goods, and provide aerial surveillance. Drones can be used to reach remote or difficult-to-access locations, and they can also be used to deliver goods more quickly and efficiently than traditional modes of transportation. The drone logistics and transportation market is expected to grow rapidly in the coming years, as drones become more affordable and reliable.
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Prominent Players in Drone Logistics and Transportation Market
- 0 Cube Logistics
- AI Futtaim Logistics
- Hupac Group
- KLG Europe
- Mahindra Logistics
- Express Freight Management
- Bollore Logistics
- Bowling Green Logistics
- DHL International
- Fujitsu Limited
- Go Green Logistics
- Peter Green Chilled
- The Green Group
- Transervice Logistics
- United Parcel Service
- Westerman MultiModal Logistics
- FM Logistic
- TVS Supply Chain Solutions
- Mahindra Logistics
- Ekart Logistics
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Freight Drones Demand to Grow Substantially in the Forecast Period
Freight drones dominated the global market as they are increasingly utilized for last-mile delivery services. These are also being used for delivery services in the e-commerce sector, as they offer faster and more efficient delivery capabilities..
E-commerce Delivery are the Leading Application Segment
In terms of application, e-commerce delivery is the leading segment due to the increasing demand. In addition, the rapid growth of the e-commerce industry, coupled with the increasing customer demand for faster and more efficient deliveries, presents a prime opportunity for drone-based delivery services. Drones can offer quick, cost-effective, and automated delivery solutions for e-commerce companies, especially for last-mile deliveries in urban and suburban areas..
North America is the leading Market Due to the Well-established Drone Infrastructure
Region-wise, North America is one of the largest growing markets with a huge emphasis on drone Infrastructure. The region has established regulatory frameworks and supportive policies for commercial drone operations, which have fostered innovation and market growth. Additionally, regions such as Asia Pacific have also shown significant potential for the growth of the drone logistics and transportation market. Countries like China and Japan have made substantial investments in drone technology, and their large population, dense urban areas, and booming e-commerce sectors create favorable conditions for the adoption of drone-based logistics solutions.
A recent report thoroughly analyses the major players operating within the Drone Logistics and Transportation market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Drone Logistics and Transportation.
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Key Developments in Drone Logistics and Transportation Market
- In February 2023, Amazon acquired Wing, a drone delivery company. This acquisition will help Amazon to expand its drone delivery capabilities and compete with other major players in the market, such as UPS and Alphabet’s Wing.
- In March 2023, DHL acquired Matternet, a drone delivery company. This acquisition will help DHL to expand its drone delivery capabilities and become a leader in the drone logistics and transportation market in the Asia-Pacific region.
Key Questions Answered in Drone Logistics and Transportation Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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