North America Region Witnessing the Highest Growth in Drone Logistics and Transportation Market

1
North
America Region Witnessing the Highest
Growth in Drone Logistics and Transportation
Market

• 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. Increasing demand
• for faster delivery in the logistics
  industry is expected to fuel the growth of the
  drone logistics and drone transportation market.
  Military forces are also exploiting the use of
  drones to resupply soldiers
• with equipment, spares, food, and ammunition in
  the battlefield.
• Target Audience
• Manufacturers of UAVs
• Component Manufacturers of UAVs
• System Integrators
• Government and Certification Bodies
• Download PDF Brochure _at_
• https//www.marketsandmarkets.com/pdfdownloadNew.a
  sp?id132496700
• By drone, the freight segment is expected to be
  the largest contributor in the market during the
  forecast period.
• The drone logistics and drone transportation
  market has been segmented on the basis of
  solution, sector, drone, and region. Based on
  drone, the market has been further segmented into
  freight drones, passenger drones, and ambulance
  drones. Freight drones are further segmented into
  lt10kg (delivery drones) and gt10kg (cargo drones).
  The lt10kg (delivery drones) sub segment is
  expected to lead freight drones segment owing to
  the high demand for drones for first mile and
  last mile deliveries.
• Commercial segment is expected to account for the
  largest market size during the forecast period.

2
Based on sector, the drone logistics and drone
transportation market has been segmented into
military and commercial. The commercial segment
is expected to lead the drone logistics and drone
transportation market during the forecast period.
This segments large market share is attributed
to the large number of deliveries in the
logistics industry, especially in the e-commerce
sector. By solution, the shipping segment is
expected to be the largest contributor in the
market during the forecast period. Based on
solution, the drone logistics and drone
transportation market has been segmented into
warehousing, shipping, infrastructure, and
software. The shipping segment is expected to
grow at the highest CAGR during the forecast
period, owing to increasing investment in the RD
of drones for package delivery. North America is
expected to account for the largest market size
during the forecast period. Based on region, the
drone logistics and drone transportation market
has been segmented into North America, Europe,
Asia Pacific, and the Middle East. The market in
North America is expected to witness the highest
CAGR during the forecast period owing to the
increasing adoption of drones for package
delivery by companies such as Amazon, DHL, and
UPS. Key Market Players Some of the major
companies operating in the drone logistics
and drone 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). The strategy of new product launch has been
majorly adopted by the leading players in the
drone logistics and drone transportation market
from 2014 to 2018. Bandwidth issues and limited
battery life of drones act as key challenges to
the growth of the drone logistics and drone
transportation market. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id132496700
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