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

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.