Key Market Dynamics in Drone Logistics and Transportation Market

1. Northbrook, IL -- 12/27/2019 – MarketsandMarkets : This Report provides an analysis of the "Drone Logistics and Transportation Market by Solution (Warehousing, Infrastructure, Software), (Commercial, Military), (Freight Drones, Passenger Drones, Ambulance Drones), and Region - Global Forecast to 2027", The drone logistics and transportation market is estimated to be USD 11.20 Billion in 2022 and is projected to reach USD 29.06 Billion by 2027, at a CAGR of 21.01% from 2022 to 2027. Shipping, Sector Drone Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132496700 The increasing use of unmanned aerial vehicles in civil and commercial applications for faster delivery of goods is one of the most significant factors expected to drive the growth of the drone logistics market. Rising demand for sophisticated industry-specific analytical solutions is also expected to fuel the growth of the drone logistics market. Target Audience: Manufacturers of UAVs Component Manufacturers of UAVs System Integrators Government and Certification Bodies • • • • The shipping segment is projected to grow at the highest CAGR during the forecast period. Based on solution, the shipping segment of the drone logistics and transportation market is projected to grow at the highest CAGR from 2022 to 2027. Drones can be used to transport a wide range of products, from small packages to medical supplies and food, among others. A lot of investments have been seen in the delivery drone industry by venture capitalists to commercialize the industry. Companies such as Amazon, Google, and Walmart are also engaged in research and development activities to commercialize the use of drones for delivery. The commercial segment is projected to grow at a higher CAGR during the forecast period.

2. Based on sector, the drone logistics and transportation market has been segmented into commercial and military. The commercial segment is projected to witness a higher growth rate during the forecast period. Rising interest in the use of unmanned aerial vehicles (UAVs) or drones for the delivery of packages has led to huge investment by venture capitalists in this field. A number of logistics companies, such as UPS and DHL, are looking into using drones for logistics applications. Relaxation of restrictions imposed on the commercial use of UAVs is expected to drive the growth of the drone logistics and transportation market for commercial drones. Key Market Players Key players operating in the drone logistics and transportation market include PINC Solutions (US), CANA Advisors (US), Drone Delivery Canada (Canada), DroneScan (South Africa), Hardis Group (France), Infinium Robotics (Singapore), Matternet (US), and Workhorse Group (US). Request for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=132496700 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com