PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567237
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567237
Global drone logistics and transportation market is estimated to be valued at USD 3.05 Billion in 2024 and is expected to reach USD 10.56 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 19.4% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 3.05 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 19.40% | 2031 Value Projection: | US$ 10.56 Bn |
Drone logistics and transportation is emerging as a viable solution for last-mile delivery. Various industries ranging from e-commerce to healthcare are increasingly adopting drones to transport goods in a fast, cost-effective and environment-friendly manner. Regulatory frameworks worldwide are supporting commercial drone operations. Falling hardware costs and improvement in battery technology makes drone delivery economically feasible even for long distances. Backed by advancements in artificial intelligence and internet of things, drones are displaying high precision in navigation and achieving accurate destinations. Moreover, reduction in carbon footprint through drones can help organizations to meet their sustainability goals.
Global drone logistics and transportation market growth is driven by various factors such as growing e-commerce sector worldwide, cost benefits of drone logistics over conventional transportation, and supportive regulations for commercial drone operations. However, air traffic management challenges and security concerns related to drones can hamper the market growth. Emergence of drone delivery startups and focus on tech innovations like longer flight duration batteries present lucrative growth opportunities. If security and congestion issues are addressed, drones have the potential to revolutionize logistics in the future.
This report provides in-depth analysis of the global drone logistics and transportation market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global drone logistics and transportation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Airmap, Airbus SE, Amazon.com, Inc., Cana Advisors, DHL, Drone Delivery Canada, Flirtey, Hardis Group, Matternet, Pinc Solutions, Skysense, SZ DJI Technology Co., Ltd., Uber Technologies Inc., Volocopter GmbH, and Zipline International Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global drone logistics and transportation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global drone logistics and transportation market
Detailed Segmentation-