Drone Logistics & Transportation Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: AT240227 | Research Suite: Report (PDF) & Market Data (Excel)
Introduction:
Drone logistics and transportation involve the use of unmanned aerial vehicles (UAVs) for delivering goods and transporting passengers, and cargo. It focuses on a portion of the logistics and transportation industry that uses drones. These drones are fitted with state of the art navigation systems, sensors and communication devices which enables them to navigate through airspace autonomously for precision delivery. It provides a timely, reliable and frequently inexpensive solution to transport diverse goods such as small parcels, packages -including specialist products like pharmaceuticals and other critical supplies.
Drone logistics and transportation has become one of today’s latest trends in the field due to technological advancement with applications that have led to increased demand for quicker delivery services as well reducing on issues faced by traditional transport such as traffic jam, and accessibility among others. As the popularity of e-commerce platforms and on-demand delivery services increase, so does the need for immediate and reliable solutions. Drones have the potential to be a novel replacement for traditional delivery methods as they would allow same-day, and even within hour deliveries in busy city locations suffering from high traffic volumes.
The drone logistics & transportation market is
anticipated to reach USD XXX.X million by 2030 from USD XXX.X million in 2022,
at a CAGR of XX.X% during the forecast period.
Technologies like better battery lifespans, AI-driven
navigation systems and advanced sensors have aided in improving the
capabilities of drones that are used for logistics & transport purposes.
These innovations allow drones to travel farther, transport heavier loads and
navigate more complex settings with greater accuracy, which is expected to
further boost the Drone Logistics & Transportation market during the
forecast period 2023-2030.
Growth Drivers:
The quick growth of
e-commerce leads to a demand that delivery should be fast and cheap. On
the other hand, traditional logistics networks do not have a capacity to tackle
high volume of online orders which leads to the delays and poor
operations. The growing use of same-day and next-day delivery services increases
the acceptance of drone logistics that is a crucial factor in market growth.
A number of countries are
gradually realizing how this kind of technology can be of immense help to them
and are taking steps to regulate drone usage in commercial
enterprises. Legal restrictions in relation to the use of drones are
becoming more uniform and this leads to the improvement in transparency and
certainty within the companies that look to drones in their logistics
processes. Regulatory support is necessary towards innovation stimulation,
safety assurance, and creating confidence in drone technology that in turn
propels the market growth by providing enabling environment for investments and
deployment.
Drones technology
improvements are revolutionizing the logistics and transportation
area. The improvements in the areas like the battery life, the payload,
and the autonomous navigation are growing the capabilities of the drones, thus,
they are becoming efficient and reliable for the commercial
execution. Industries invest in R&D to develop technological solutions
that translate drones to the highest logistics potential possible. As a
result, the industry was developed and renewed.
Co-operations and partnerships between business and other entities drive innovation and increasing the adoption of drone logistics solutions. The diverse industries such as technology, logistics, and e-commerce engage in partnerships to build and launch drone delivery networks. The complementary strengths and capabilities of stakeholders become their leveraging advantage, which, in turn, increases the efficiency of drone logistics and then contributes to the market development and the diverse field of application of drone logistics.
Drone Logistics
& Transportation Segmentation:
By Platform:
·
Freight Drones
o
Delivery Drone
(< 10 KG)
o
Cargo Drone
(> 10 KG)
·
Passenger
Drones
o
Air Shuttle
o
Drone Taxi
o
Personal Air
Vehicle
·
Ambulance Drone
By Range:
·
Close Range
(< 50 KM)
·
Short Range (50
KM to 150 KM)
·
Mid-Range (150
KM to 650 KM)
·
Long Range
(> 650 KM)
By Solution:
·
Hardware
o
Airframe
o
Propulsion
o
Avionics &
Sensory Payloads
·
Software
o
Inventory
Management
o
Route Planning
& Optimizing
o
Live Tracking
o
Fleet
Management
o
Computer Vision
·
Infrastructure
o
Charging
Stations
o
Landing Pads
o
Ground Control
Stations
o
Micro-Fulfilment
Centres
By Application:
·
Logistics
o
Industrial
Delivery
o
Postal &
Package Delivery
o
Healthcare
& Pharmacy
o
Retail &
Food Delivery
o
Precision
Agriculture Delivery
o
Weapons &
Ammunition Delivery
o
Maritime
Delivery
·
Transportation
o
Passenger
Transport
o Patient Transport
By End-User:
·
Government
& Defence
·
Commercial
By
Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Drone Logistics
& Transportation Market by Platform Review:
Depending on the platform,
the drone logistics & transportation market is classified into two segments
including freight drones, which is further classified into delivery drone (<
10 KG), and cargo drone (> 10 KG), passenger drones, which is further
classified into air shuttle, drone taxi, and personal air vehicle, and
ambulance drones. On the basis of platform, the freight drones segment is
expected to have the largest market share, while the segment is also supposed
to register the highest CAGR during the forecast period.
Drone Logistics & Transportation Market by Range
Review:
Based on range, the market is
divided into close range (< 50 KM), short range (50 KM to 150 KM), mid-range
(150 KM to 650 KM), and long range (> 650 KM). By range, the XXX segment
holds the largest market share in terms of value, while the demand for XXX
segment is poised to record the highest CAGR throughout the forecast period.
Drone Logistics & Transportation Market by Solution
Review:
Based on solution, the market
is divided into hardware, which is further divided into airframe, propulsion,
and avionics & sensory payloads, software, which is further divided into,
inventory management, route planning & optimizing, live tracking, fleet
management, and computer vision, and infrastructure, which further divided into
charging stations, landing pads, ground control stations, and micro-fulfilment
centers. By solution, the XXX segment holds the largest market share in terms
of value, while the demand for XXX segment is poised to record the highest CAGR
throughout the forecast period.
Drone Logistics & Transportation Market by Application
Review:
According to the application,
the drone logistics & transportation market is classified as logistics,
which is further classified into industrial delivery, postal & package
delivery, healthcare & pharmacy, retail & food delivery, precision
agriculture delivery, weapons & ammunition delivery, and maritime delivery,
and transportation, which is further classified into passenger transport, and
patient transport. As per application, the logistics segment is estimated to
hold the largest market share, while the segment is also forecasted to witness
the highest CAGR rate during the forecast period.
Drone Logistics & Transportation Market by End-User
Review:
According the end-user, the
market is divided into government & defense, and commercial. By end-user,
it is estimated that the commercial segment will have a high market share,
while the government & defense segment will have the highest CAGR growth in
the forecasted period.
Regional Outlook:
The drone logistics & transportation market
research report offers detailed analysis and forecasts for five major regions
i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle
East & Africa.
The North
America region is forecasted to dominate the global drone logistics &
transportation market followed by Asia Pacific, Europe, Latin America, and
Middle East & Africa during the forecast period 2023-2030.
North
America region is still dominating the world Drone Logistics &
Transportation market; it is estimated to hold a market share of XX.X% in
2022. The regional market of drone logistics & transportation is
mainly stimulated by factors including the presence of major tech companies,
beneficial legislation frameworks, and the growing investments in drone
technology. In addition, there has been adoption of drone technology by
major e-commerce firms and logistics providers in North America to speed up
deliveries and optimize operations. In addition to that, strategic
partnerships between drone manufacturers, software developers, and logistics
companies will create an enabling environment for the development of integrated
drone delivery solutions and ecosystem expansion which is believed to
facilitate the growth of market for Drone Logistics & Transportation in the
forecast period 2023-2030.
The
North America consisting of the United States and Canada is one of the major
regions that form the global drone logistics and transportation
market. North America owns a considerable part of the international drone
logistics market because of its high-technological networks and robust
regulatory system.
The boom of e-commerce in North America has stimulated the need for a quicker delivery services while some companies are trying to use drone technology for last-mile delivery operations and distribution. Also, the development of drone technology such as increases in battery life, payload capacity, and flight autonomy pushes the drone logistics market growth in North America.
On the
other hand, the collaboration between drone manufacturers, logistics companies
and technology providers is speeding up the advancement of and the
implementation of drone delivery solutions in North America which is likely to
drive the market growth in the region over the forecast period.
The Asia
Pacific region is the fastest growing region in the drone logistics &
transportation market, with the highest CAGR of approximately X.X%. The
air cargo business in Asia Pacific is drawing more investments as the demand
for e-commerce delivery is increasing and the urban traffic is getting more
congested. In addition, it is possible that some of the countries, such as
China, Japan, and India, could become more powerful through the development of
drone technology and the infrastructure necessary to solve the logistical
problems and stimulate economic growth. Also, government initiatives to
create the favorable atmosphere for the penetration of drone technology
supported by the AI and sensor tech innovations are expected to be another
driving force for the regional market in the forecast period 2023-2030.
Key Companies in Drone Logistics & Transportation Market:
The research report offers a competitive analysis of
prominent companies operating in the drone logistics & transportation market.
Some of the leading players profiled in the market research report include:
·
Wing
Aviation LLC.
·
Hardis
Group
·
Zipline
·
Volocopter
GmbH
·
Airbus
·
Joby
Aviation
·
MATTERNET
·
SkyDrop
·
EHang
·
Drone
Delivery Canada Corp.
·
SKYE AIR
MOBILITY PVT.LTD.
·
Other
Players