Drone Logistics and Transportation Market to Receive a Rapid Boost in Economy due to High Emerging Demands
According to Publisher, the Global Drone Logistics and Transportation Market is estimated at $4.98 billion in 2017 and is projected to reach $24.01 billion by 2026, at a CAGR of 19.1%.
Demand for faster delivery of goods, opportunities for vendors at different levels of the value chain, the increasing use of drones in various industries and rising demand for sophisticated industry-specific analytical solutions are some of the key factors fueling the market growth. Factors such as delivery authentication & cybersecurity concerns and restrictions on the commercial use of drones are restraining the market.
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Companies such as Amazon, Google, and Walmart are also engaged in research and development activities to commercialize the use of drones for delivery. Unmanned aerial vehicles (UAVs) are remotely piloted aerial vehicles that have significant roles in the defense and commercial sectors. UAVs, also known as drones, are increasingly used for border surveillance. They are also used in various commercial applications, such as monitoring, surveying & mapping, precision agriculture, aerial remote sensing, and product delivery.
Some of the key players in Drone Logistics and Transportation Market are Cana Advisors, H3 Dynamics, Recent Developments, Flirtey, Drone Delivery Canada, Matternet, Uber, Zipline, Pinc Solutions, Altitude Angel, Infinium Robotics, Multirotor, Workhorse Group, Airmap, Skysense, Cheetah Logistics Technology, Unifly, Hardis Group, Volocopter GmbH and Skycart.
Based on Sector, the commercial segment is likely to have significant growth during the predicted period. A number of logistics companies are looking into using drones for logistics applications. Rising interest in the use of UAV for the delivery of packages has led to huge investment by venture capitalists in this field. By geography, North America is expected to account for the largest share of the market which can be attributed to the high demand for Unmanned aerial vehicles from the military sectors and commercial of countries, such as the US and Canada.
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Table of Contents
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Drone Logistics and Transportation Market, By Solution
6 Global Drone Logistics and Transportation Market, By Sector
7 Global Drone Logistics and Transportation Market, By Drone
8 Global Drone Logistics and Transportation Market, By Geography
9 Key Developments
10 Company Profiling
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