DRONE LOGISTICS AND TRANSPORTATION MARKET TO REACH USD 29.3 BILLION BY 2024 | CAGR 19.7% – FORENCIS RESEARCH

Drone Logistics and Transportation Market Size, Share, Trends, Growth, Analysis, Research

Global Drone Logistics and Transportation Market: Key Highlights

  • According to the new market research report Drone Logistics And Transportation Market by Type (Freight Drones, Passenger Drones and Ambulance Drones), by Application (Warehouse Facilities, Construction Site, Health Care), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2017 to 2024”, the global Drone Logistics And Transportation Market is estimated to reach USD 29.3 Billion by 2024 at a CAGR of around 19.7% during the review period.
  • In transport and logistics, drones are helpful as they reduce human workload, CO2 emissions, and can provide access in the difficult to reach areas.
  • Drones are one of the fastest ways for postal delivery as it uses air medium and avoids surface congestion and are more convenient as it minimizes labor cost. Due to these advantages, it is used for transporting medicines, food packages, parcels, and also capable of making an inventory in the logistics warehouse.

Drone Logistics and Transportation Market

Global Drone Logistics and Transportation Market: Key Market Dynamics

  • The demand for faster deliveries across the globe is rising. With this higher demand, it is difficult to reach remote areas with traditional methods of logistics and urban areas are most of the time congested.
  • Drones have become a lifesaving technology that helps in supplying various products such as medicines, food packages, and parcel to remote areas without using the road.
  • The drone is being adopted at a faster pace owing to its advantages. However, the short battery life of drones which can easily drain within a few minutes’ acts as a roadblock for the growth of this market.
  • In 2018, DHL launched the world’s first drone delivery service to deliver life-saving medicine to a rural island in Tanzania.

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Global Drone Logistics and Transportation Market: Regional Overview

  • Asia-Pacific:

The drone logistics and transportation market in the Asia-Pacific region is projected to witness high demand due to the high production of aircraft in the region. Moreover, extensive R&D spending in the aerospace & defense industry is likely to propel the demand for drone in the coming years. China is continue to innovative its UAV technology and global leaders in the development of unmanned systems. Also the China civilian drone sector has enhance the developing drones with military application.

  • Europe

According to the European Union Aviation Safety Agency, in 2019, Commission Delegated Regulation & Commission Implementing Regulation has to ensure the drone operations across the region are safe and secure. The European companies have started to increase the business by drone in the business to consumer (B2C) or business to business (B2B) services.

Global Drone Logistics and Transportation Market: Key Players Overview

  • Drone Delivery Canada:

Drone Delivery Canada is company which have main focus on delivery of drone globally. The company is Technology Company, disruptive, developing and implementing commercially viable and drone-based logistics systems for government.  Also the company provides a complete logistics solution such as hardware, professional services with the safe and secure autonomous cargo delivery. In 2019, the company has partner with Edmonton Regional Airports authority to bring drone technology to Edmonton International Airport (EIA).

  • Zipline:

The company is California-based automated logistic company which manufacture, design and operate drone for the deliver for medical products. In 2014, the company has started delivery of medicine and build world fastest and most reliable delivery drone. In 2019 the company has launched UAV medical program in Ghana and aloes it will operate by 30 drones and four distribution centers for the vaccine distribution service.

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