Drone Logistics and Transportation Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Drones are helpful gadgets innumerous commercial applications, like real time information monitoring, precision agriculture, surveying and mapping, aerial remote sensing and product delivery.
Increased demand for faster delivery of goods and high investment in the drone delivery market are few factors driving the growth of drone logistics and transportation market. However, bandwidth and battery life concerns may hamper the growth of drone logistics and transportation market. Furthermore, opportunities for vendors at different levels of the value chain and use of drones for cargo delivery in military operations are likely to create growth opportunities for drone logistics and transportation market.
Drone logistics and transportation market is segmented based on solution, sector, drone and geography. On the basis of sector, the drone logistics and transportation market is segmented into military and commercial. The solution segment of the drone logistics market is bifurcated into warehousing & distribution, shipping solution, traffic management, infrastructure and software. The drone segment of drone logistics and transportation market is further segregated into freight, passenger and ambulance.
Drone Logistics and Transportation Market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
Major markets operating in the drone logistics and transportation market are PINC Solutions, CANA Advisors, Drone Delivery Canada, DroneScan, Hardis Group, Infinium Robotics, Matternet and Workhorse Group, among others
The key takeaways from the report
Scope of Drone Logistics and Transportation Market