Industry Background:
Drones are used for different applications including security monitoring, surveying hazardous locations, among others. However, they can also be used for the transportation of good and logistics from one place to another. They are used as part of assembly lines to rapidly transport packages, loading trucks, cargo ships, among others. Most of the leading companies such as Google and Amazon are rapidly using drones to reduce the delivery time. Delivery drones come in different sizes as per the applications. These drones are drone vehicles or cargo drones to modified surveillance drones that can be used to automate the logistics components of stocking as well as handling inventory. Furthermore, the companies are engaged in supply chain operations are deploying drones, also known as unmanned aerial vehicles (UAV) to serve in a wide variety of roles. The drone logistics and transportation has overcome traditional delivery tasks which were time-consuming and labor-intensive. The drone logistics and transportation is highly efficient, less expensive, and significantly improving worker safety when deployed properly.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Pinc Solutions (United States), Cana Advisors (United States), Drone Delivery Canada (Canada), Dronescan (South Africa), Hardis Group (France), Infinium Robotics (Singapore), Matternet (United States), Workhorse Group (United States), Skycart (United States) and Skysense (United States) |
According to AMA, the market for Drone Logistics and Transportation is expected to register a CAGR of 22.1% during the forecast period to 2028. This growth is primarily driven by Demand for Faster Delivery of Goods, Investments in the Drone Delivery Market and High Demand for Sophisticated Industry-Specific Analytical Solutions.
Globally, a noticeable market trend is evident Improved Inventory Management with Drone Technology
The Transportation Infrastructure sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Pinc Solutions (United States), Cana Advisors (United States), Drone Delivery Canada (Canada), Dronescan (South Africa), Hardis Group (France), Infinium Robotics (Singapore), Matternet (United States), Workhorse Group (United States), Skycart (United States) and Skysense (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20 June 2018, SenseFly, the industry’s leading provider of professional mapping drones, and a commercial drone subsidiary of Parrot Group, have announced the relocation of its North American operations to Raleigh, N.C.
Recently, United Parcel Service Inc. has started a new logistics service that delivers medical samples via unmanned drones through a collaboration with Matternet (United States), an autonomous drone technology company.
Influencing Trend:
Improved Inventory Management with Drone Technology and More Environmentally-Friendly Logistics Management
Market Growth Drivers:
Demand for Faster Delivery of Goods, Investments in the Drone Delivery Market and High Demand for Sophisticated Industry-Specific Analytical Solutions
Challenges:
Delivery Authentication and Cybersecurity Concerns, Concerns Regarding Safety during Travel and Package Drop, Restrictions on the Commercial Use of Drones and Lack of Skilled & Trained Personnel
Restraints:
Bandwidth and Battery Life Concerns
Opportunities:
Opportunities for Vendors at Different Levels of the Value Chain, Drone Delivery Service in Geographically Challenging Areas and Use of Drones for Cargo Delivery in Military Operations
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Drone Logistics and Transportation Market
- Analysis about New Entrants in Drone Logistics and Transportation Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Drone Logistics and Transportation Study Sheds Light on
The Drone Logistics and Transportation Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Drone Logistics and Transportation industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Drone Logistics and Transportation industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.