Drone Logistics and Transportation Market Set to Grow at the Fastest Rate Till 2027

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Drone Logistics and Transportation Market Set to
Grow at the Fastest Rate Till 2027 According to
the new market research report "Drone Logistics
and Transportation Market by Solution
(Warehousing, Shipping, Infrastructure,
Software), Sector (Commercial, Military), Drone
(Freight Drones, Passenger Drones, Ambulance
Drones), and Region - Global Forecast to 2027",
The drone logistics and transportation market is
estimated to be USD 11.20 Billion in 2022 and is
projected to reach USD 29.06 Billion by 2027, at
a CAGR of 21.01 from 2022 to 2027. Browse 20
market data Tables and 28 Figures spread through
113 Pages and in- depth TOC on "Drone Logistics
and Transportation Market - Global Forecast to
2027" Download PDF Brochure _at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id132496700 The
increasing use of unmanned aerial vehicles in
civil and commercial applications for faster
delivery of goods is one of the most significant
factors expected to drive the growth of the drone
logistics market. Rising demand for sophisticated
industry-specific analytical solutions is also
expected to fuel the growth of the drone
logistics market. The shipping segment is
projected to grow at the highest CAGR during
the forecast period. Based on solution, the
shipping segment of the drone logistics and
transportation market is projected to grow at the
highest CAGR from 2022 to 2027. Drones can be
used to transport a wide range of products, from
small packages to medical supplies and food,
among others. A lot of investments has been seen
in the delivery drone industry by venture
capitalists to commercialize the industry.
Companies such as Amazon, Google, and Walmart are
also engaged in research and development
activities to commercialize the use of drones for
delivery. The commercial segment is projected
to grow at a higher CAGR during the forecast
period. Based on sector, the drone logistics and
transportation market has been segmented into
commercial and military. The commercial segment
is projected to witness a higher growth rate
during the forecast period. Rising interest in
the use of unmanned aerial vehicles (UAVs) or
drones for the delivery of packages has led to
huge investment by venture capitalists in this
field. A number of logistics companies, such as
UPS and DHL, are looking into using drones for
logistics applications. Relaxation of
restrictions imposed on the commercial use of
UAVs is expected to drive the growth of the drone
logistics and transportation market for
commercial drones.
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The lt10kg (Delivery Drones) segment is estimated
to lead the drone logistics and transportation
market in 2022. Based on cargo weight, the lt10kg
(Delivery Drones) sub segment of freight drones
segment is estimated to lead the drone logistics
and transportation market in 2022. As technology
innovations continue, such as dual GPS
modules, sense collision avoidance, dual
batteries, and dual flight controllers, the cost
of drones is expected to decrease gradually,
making drones an even more attractive mode of
transporting items. North America is projected to
be the fastest-growing market for drone logistics
during the forecast period. The drone logistics
and transportation market in the North America
region is projected to grow at the highest CAGR
during the forecast period. This growth can be
attributed to the high demand for UAVs from the
commercial and military sectors of countries in
the region, such as the US and Canada. The
military budgets of the aforementioned countries
are increasing on a yearly basis, which has
subsequently led to the adoption of military
UAVs, as they can assist in the delivery of heavy
payloads. Key Market Players Key players
operating in the drone logistics and
transportation market include PINC Solutions
(US), CANA Advisors (US), Drone Delivery
Canada (Canada), DroneScan (South Africa),
Hardis Group (France), Infinium Robotics
(Singapore), Matternet (US), and Workhorse Group
(US). Ask for Sample Report _at_ https//www.markets
andmarkets.com/requestsampleNew.asp?id132496700
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