Drone Logistics and Transportation Market Worth $29.06 Billion by 2027

1. Drone Logistics and Transportation Market Worth$29.06Billionby2027 According to the new market research report "Drone Logistics and Transportation Marketby Solution (Warehousing, Shipping, Infrastructure, Software), Sector (Commercial, Military), Drone (Freight Drones, Passenger Drones, Ambulance Drones), and Region - Global Forecast to 2027", The drone logisticsandtransportationmarketisestimatedtobeUSD11.20Billionin2022andisprojectedtoreachUSD 29.06 Billion by 2027, at a CAGR of 21.01% from 2022 to2027. Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132496700 Browse 20 market data Tables and 43 Figures spread through 117 Pages and in- depth TOC on "Drone Logistics and Transportation Market" https://www.marketsandmarkets.com/Market- Reports/drone-logistic-transportation-market- 132496700.html Early buyers will receive 10% customization on thisreport. The increasing use of unmanned aerial vehicles in civil and commercial applications for faster delivery of goods is one of the most significant factorsexpectedtodrivethegrowthofthedrone logistics market. Rising demand forsophisticated industry-specific analytical solutions is also expected to fuel the growth of the drone logisticsmarket. The shipping segment is projected to grow at the highest CAGR during the forecastperiod. Based on solution, the shipping segment of the drone logistics and transportation market is projected togrow atthehighestCAGRfrom2022to2027.Dronescanbeusedtotransportawiderangeofproducts,fromsmall packages to medical supplies and food, among others. A lot of investments has been seen in the delivery drone industry by venture capitalists to commercialize the industry. Companies such as Amazon, Google, and Walmart are also engaged in research and development activities to commercialize the use of drones for delivery. The commercial segment is projected to grow at a higher CAGR during the forecastperiod. Based on sector, the drone logistics and transportation market has been segmented into commercial and military. The commercial segment is projected to witness a higher growth rate during the forecast period. Rising interest in the use of unmanned aerial vehicles (UAVs) or drones for the delivery of packages has led tohugeinvestmentbyventurecapitalistsinthisfield.Anumberoflogisticscompanies,suchasUPSandDHL, are looking into using drones for logistics applications. Relaxation of restrictions imposed on the commercial use of UAVs is expected to drive the growth of the drone logistics and transportation market for commercial drones. The <10kg (Delivery Drones) segment is estimated to lead the drone logistics and transportation market in2022.

2. Based on cargo weight, the <10kg (Delivery Drones) sub segment of freight drones segment is estimated to lead the drone logistics and transportation market in 2022. As technology innovations continue, such as dual GPS modules, sense & collision avoidance, dual batteries, and dual flight controllers, the cost of drones is expected to decrease gradually, making drones an even more attractive mode of transportingitems. NorthAmericaisprojectedtobethefastest-growingmarketfordronelogisticsduringtheforecast period. The drone logistics and transportation market in the North America region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the high demand for UAVs from the commercial and military sectors of countries in the region, such as the US and Canada. The military budgets of the aforementioned countries are increasing on a yearly basis, which has subsequently led to the adoption of military UAVs, as they can assist in the delivery of heavypayloads. Key players operating in the drone logistics and 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). Speak to research analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=132496700 AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwideincluding80%ofglobalFortune1000companiesasclients.Almost75,000topofficersacrosseight industries worldwide approach MarketsandMarkets™ for their painpoints around revenuesdecisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ nowcoming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of thecurve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of nichemarkets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 DundeeRoad Suite430 Northbrook, IL60062 USA : 1-888-600-6441