USD 543.98 million
Drone Logistics and Transportation Market Size, Share, Growth Analysis, By Type(Freight drones, Ambulance drones, Passenger drones), By Application(Shipping, Warehousing, Infrastructure inspection, Security), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20W2003 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
65
|Figures:
75
Drone Logistics and Transportation Market Insights
Drone Logistics and Transportation Market size was valued at USD 543.98 million in 2022 and is poised to grow from USD 844.26 million in 2023 to USD 28418.97 million by 2031, growing at a CAGR of 55.2% during the forecast period (2024-2031).
With the rapid advancement of technology, drones are now widely used for logistics management and transportation to their destinations. Drones are being used by a growing number of businesses around the world to manage their supply chain management systems. Drones are also used in mining, land surveying, agricultural land, crop inspection, and many other applications. All these factors are expected to drive the drone logistics and transportation market. Drones are used in a variety of industries, including warehouses, manufacturing, and distribution centres. Drones are widely used in warehouse facilities to check inventory and transfer even small items, saving the use of forklifts trucks and conveyor systems and making operations more cost-effective. Consequently, all the beneficial features of drones are expected to fuel the growth of the drone logistics and transportation market.
However, food delivery and logistics companies are constantly studying and developing robust technologies that will effectively use drones in delivery services, which is expected to drive the growth of the drone logistics and transportation market. Additionally, drone technology is being actively used in the military sector to create combat drones for use in military operations and this attribute is expected to fuel the growth of the drone logistics and transportation market. However, lack of skilled and trained persons for operation hampers market growth.
US Drone Logistics and Transportation Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Ambulance drones
Fastest Growth
Ambulance drones
Growth Rate
55.2% CAGR
Global Drone Logistics And Transportation Market ($ Mn)
Country Share for North america Region (%)
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Drone Logistics and Transportation Market Segmental Analysis
Global drone logistics and transportation market is segmented on the basis of type, application and region. On the basis of type, global market is segmented into freight drones, ambulance drones, and passenger drones. On the basis of application, global Drone Logistics and Transportation Market is segmented into shipping, warehousing, infrastructure inspection, security and surveillance. On the basis of region, global Drone Logistics and Transportation Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Drone Logistics and Transportation Market Analysis by Type
On the basis of type, global drone logistics and transportation market is segmented into freight drones, ambulance drones, and passenger drones. The ambulance drones segment is expected to grow rapidly during the forecast period. It is important to administer effective first aid or therapy as soon as possible after an accident to reduce the chance of further deterioration and improve survival. In addition, rapid delivery of emergency response services can save lives and speed recovery in cases of heart failure, shock, drowning, and respiratory distress. Drones are believed to be effective in the rapid delivery of life-saving technologies such as medication and cardiopulmonary resuscitation (CPR). In the EU, more than 800,000 people die of heart attacks every year, and only 8% survive. The main explanation for the low rate is the relatively slow emergency response time.
The freight drone segment contributed the highest revenue. The main benefits of cargo drones include avoiding road congestion and delays during transport, provision of fast and on-demand delivery services, and ease of operation and cheaper rates of air based cargo services, and improved access to customers in remote locations.
Drone Logistics and Transportation Market Analysis by Application
On the basis of application, global drone logistics and transportation market is segmented into shipping, warehousing, infrastructure inspection, security and surveillance. The infrastructure inspection segment contributed the highest revenue to the market. Drones are frequently used in post-disaster infrastructure inspections to assess risk. Marine surveyors use drone logistics and transportation to physically inspect ships and cargo, while loss adjusters use drones to assess ship damage. Drones make it easy and quick to inspect ships and cargo.
Global Drone Logistics And Transportation Market By Type
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Drone Logistics and Transportation Market Regional Insights
On the basis of region, global drone logistics and transportation market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the global market share due to the increasing adoption of drones in delivery services in this region. Also, the advancement of military drones, which are widely used in combat operations, will have a significant impact on the growth of the drone logistics and transportation market.
The Asia Pacific market is expected to grow at a fastest CAGR during the forecast period. Increasing political tensions in several Asia Pacific countries have led to the deployment of UAVs to secure border security, which has contributed to the growth of the market in this region. This is one of the most important reasons driving the Asia Pacific drone logistics and transportation industry. China is developing new technology to produce low-cost drones. China Aerospace Science and Technology Corporation (CASC) (China) began mass production of the CH-5 UAV in 2017, after completing the CH-5 UAV in 2017, and successfully completing its first flight test in August 2015. Automation and globalization are driving the expansion of the Asia Pacific drone logistics and transportation market in India, Australia, and China. UAVs are used for real estate and agricultural inspections.
Global Drone Logistics And Transportation Market By Region
- Largest
- Fastest
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Drone Logistics and Transportation Market Dynamics
Drone Logistics and Transportation Market Driver
Last-mile deliveries and efficient logistics are in high demand
- Consumers are willing to pay extra to have products delivered on the same day, which indicates an increase in demand for faster and more efficient delivery at cheaper prices, especially in the e-commerce industry. This need will surely increase the use and acceptance of drones in the logistics and transportation market. According to a Clutch survey, 36% of online customers are more likely to place an order if drone delivery is available. Drones are widely used worldwide for logistics and transportation such as postal delivery, healthcare and pharmacy packages such as drugs, blood, and organs and equipment transportation, and retail and food packages such as e-commerce, grocery delivery, and food delivery.
Drone Logistics and Transportation Market Restraint
Lack of skilled and trained staff for operation
- Personnel in charge of drone operations must ensure the overall reliability of the unmanned aerial system, including the UAV, ground control station, and communications equipment. Drones can fly at various heights and require skilled workers to remotely control and operate them. Not many pilots are available for high-precision operations. Growing commercial drone and transportation vertical usage adds to the growing demand for skilled drone pilots. Currently, efforts are made to strengthen the autonomy of these systems, thereby reducing the involvement of human operators, in order to reduce the frequency of accidents caused by the drone operator's insufficient control skills. Drones must be equipped with technology that allows them to autonomously sense and avoid collisions while in operation.
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Drone Logistics and Transportation Market Competitive Landscape
Global drone logistics and transportation market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global market.
Drone Logistics and Transportation Market Top Player's Company Profiles
- Airbus SE
- Amazon.com Inc.
- CANA Advisors
- Deutsche Post DHL Group
- DroneScan
- Drone Delivery Canada
- FedEx Corporation
- Flytrex Inc.
- Hardis Group
- Infinium Robotics
- Maternity Inc.
- PINC Solutions
- SZ DJI Technology Co., Ltd.
- United Parcel Service of America Inc.
- Wing Aviation LLC
- Workhorse Group
- Zipline International Inc.
Drone Logistics and Transportation Market Recent Developments
- In April 2022, Wing, an Alphabet-owned start up, announced the launch of a commercial drone delivery service in Frisco and Little Elm, a pair of cities in the Dallas/Fort Worth metroplex.
- In August 2022, SEINO HOLDINGS CO., LTD., and NEXT DELIVERY Co. announced a drone delivery prototype experiment in Tsuruga City, Kanegasaki Green and Higashiura areas to develop a new smart logistics system that contributes to solving regional problems. They signed an extensive collaboration agreement to address regional issues such as aging and population by implementing decarbonisation initiatives such as hydrogen, renewable energy, and zero-emission logistics support, which Tsuruga City aims to achieve. They collaborate to develop new logistics business models based on next generation modern techniques
- In November 2021, TCI Express, an express logistics company, announced its plans to start drone deliveries in 2022. The announcement came after preliminary trials of medicines and another emergency/immediate delivery packages were completed in Ahmedabad.
Drone Logistics and Transportation Key Market Trends
- Drone delivery is a disruptive technology that is redefining the traditional shipping/delivery market with great applications in the future for the retail industry. For online retailers, the drone delivery method has proven to be very convenient and inexpensive to provide last mile delivery. So, retailers around the world are investing money in programs that ensure faster product delivery. In May 2022, Skye Air Mobility, a Delhi-based drone delivery logistics provider, unveiled its long-range drone called “Artemis” equipped to carry a 6 kg payload of 100 km. On the other hand, leading logistics service providers are also investing financial resources to integrate drone delivery capabilities into their existing business model.
Drone Logistics and Transportation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global drone logistics and transportation market analysis, based on type, the ambulance drones segment is expected to grow rapidly during the forecast period. It is important to administer effective first aid or therapy as soon as possible after an accident to reduce the chance of further deterioration and improve survival. By region, the Asia Pacific market is expected to grow rapidly and at a fastest CAGR during the forecast period. However, lack of skilled and trained persons for operation hampers market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 543.98 million |
| Market size value in 2031 | USD 28418.97 million |
| Growth Rate | 55.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Drone Logistics and Transportation Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Drone Logistics and Transportation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Drone Logistics and Transportation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Drone Logistics and Transportation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Drone Logistics and Transportation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Drone Logistics and Transportation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Drone Logistics and Transportation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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