Drone Logistics and Transportation Market worth $17,881 million by 2030

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Drone Logistics and Transportation Market worth
17,881 million by 2030
The report on the Drone Logistics and
Transportation Market provides an analysis of
the market from 2019 to 2030. It discusses
industry and technology trends currently
prevailing in the market, along with drivers,
restraints, challenges, and opportunities that
influence the growth of the market. The drone
logistics and transportation market is projected
to grow from USD 534 million in 2022 to USD
17,881 million by 2027, at a CAGR of 55.1 from
2022 to 2030. The drone logistics and
transportation market in the Asia Pacific region
is expected to witness the highest growth
during the forecast period. The growth of the
market in this region can be attributed to the
rise in military spending (both in defense and
homeland security) by countries in the region to
enhance their
defense capabilities by procuring new and
advanced defense systems, which include a large
number of UAVs with huge payload capacity for the
delivery of cargos. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id132496700 Based on platform, the drone
logistics and transportation market is segmented
into freight drones, passenger drones, and air
ambulance drones. Freight drones are further
segmented into delivery drones and cargo air
vehicles, while passenger drones are further
segmented into drone taxis, air shuttles, and
personal air vehicles. Based on solution, the
drone logistics and transportation market has
been segmented into system, software, and
infrastructure. Drones are increasingly being
adopted for the delivery of food items, product
packages, and medical supplies, among others. The
growing use of delivery drones leads to the
requirement for proper software and
infrastructure to support them. With significant
investments in the development of drone
infrastructure, the possibility of using drones
for the transportation of passengers and cargo
is gaining traction. Prototypes to ease the
problem of congested traffic in urban areas in
the form of cost-effective passenger drones are
being developed. The major solutions required
for the use of drones for passenger and cargo
transportation include the development of
infrastructure and reliable aerial vehicles.
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Based on software, the drone logistics and
transportation market has been segmented into
route planning optimizing, inventory
management, live tracking, fleet management, and
computer vision. The rising demand for enhanced
safety of drones while operating in urban or
rural areas, coupled with the need to ensure
bystander safety during delivery drone
operations, is expected to fuel the growth of the
software segment. Based on Application, the
drone logistics and transportation market has
been segmented into logistics and
transportation. The logistics segment witnesses
the highest growth during the forecast period.
This segment further classified into postal
package delivery, healthcare pharmacy delivery,
retail food delivery, precision agriculture,
industrial delivery, weapons ammunition
delivery, and maritime delivery. Whereas, the
transportation divided into patient transport and
passenger transport. The transport of passengers
through drones is beginning to become a reality,
thanks in part to huge capital investments and
technology advancements. Passenger drones have
proven to be a new and safe form of
transportation, a time- saving solution for
traffic congestion, and a way to reduce hazardous
emissions and pollution. Several passenger
drones are now approved and currently flying in
Germany, Dubai, and China a few models are now
in the process of achieving FAA approval to fly
in the US. Passenger drones with state-of-the-art
technologies are quiet, safe, and
environmentally clean because they are fully
electric and do not emit pollutants or hazardous
gases like automobiles. They automatically avoid
obstacles and can be programmed to take off,
fly, and land precisely every time. An important
benefit of passenger drones as personal
transportation vehicles in cities is that they do
not require expensive infrastructure
improvements such as streets, highways, rail
systems, tunnels, street lighting, and such.
Instead, they can safely take advantage of the
unobtrusive non-commercial air space in the sky
and utilize an unseen digital network as a
reliable infrastructure to effectively avoid
collision with other passenger drones and any
obstacles to ensure a safe path for every flight.
Other potential benefits include the use of
passenger drones by emergency services for search
rescue missions and the delivery of
life-saving goods. Companies like Ehang have
already begun using passenger drones as emergency
vehicles as a response to the potential river
collapses during the flood season in China. Ask
for Sample Report _at_ https//www.marketsandmarkets
.com/requestsampleNew.asp?id132496700
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