Drone Logistics and Transportation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Sarasota, FL -- (SBWire) -- 12/19/2018 --Global Drone Logistics and Transportation Market: Overview

UAV or unmanned aerial vehicles or simply drone are distantly piloted aerial devices that play a vital role in both commercial and defense sectors. Drones are extensively being used for border surveillance apart from varied commercial applications, such as inventory tracking, inventory management, parcel delivery, food delivery, and product delivery, among others. The demand and popularity of the drone logistics and transportation market on a global scale can be attributed to the growing defense expenditures and increasing adoption of advanced technology in developed countries.

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Global Drone Logistics and Transportation Market: Growth Factors

The major growth driver in the global drone logistics and transportation market is the rising drone usage for a wide range of military and commercial applications. These applications include inventory tracking, inventory management, parcel delivery, food delivery, border surveillance, and medical supplies' delivery, among others. Additionally, certain exemptions by Federal Aviation Administration further allow drone usage in various industries, which, in turn, is likely to fuel the expansion of the drone logistics and transportation market across the world in the upcoming years. Delivery drones are likely to be more popular in the forecast timeframe, due to increasing investments made by major companies for development of advanced and innovatively-designed drones, such as Walmart, Amazon, Uber, FedEx, Google, UPS, etc.

Global Drone Logistics and Transportation Market: Segmentation

The global drone logistics and transportation market is classified into solution, sector, and drone. By solution, this market includes software, infrastructure, route planning, and shipping. Based on sector, the market is bifurcated into commercial and military. The commercial sector is anticipated to dominate the market for drone logistics and transportation in the future. This can be due to the rising drone usage for a wide range of applications, such as inventory tracking, inventory management, parcel delivery, food delivery, and medical supplies' delivery. On the basis of drone, the drone logistics and transportation market is segmented into ambulance/medical drones, freight drones, and passenger drones.

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Global Drone Logistics and Transportation Market: Regional Analysis

The global drone logistics and transportation market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. The North American drone logistics and transportation market is likely to hold the largest share globally in the upcoming years. This can be attributed to the growing unmanned aerial vehicles demand by the military and commercial sectors, particularly in the U.S. and Canada. The Asia Pacific region is projected to register the fastest rate of growth in the drone logistics and transportation market over the estimated time period. This can be attributed to the growing expenditures related to defense in Japan and China and the presence of renowned UAV producers in the region. Australia, India, Japan, and China are likely to be the key contributors in the regional drone logistics and transportation market.

Global Drone Logistics and Transportation Market: Competitive Players

Some of the most important market players in the global drone logistics and transportation market include Uber, Ehang, Volocopter, Sensefly, Unifly, Skyward IO, Infinium Robotics, Recent Developments, Cana Advisors, Skysense, Pinc Solutions, Drone Delivery Canada, Cheetah Logistics, Altitude Angel, Hardis Group, Workhorse Group, H3 Dynamics, Flirtey, Airmap, Edronic, Multirotor, Zipline, Skycart, Flytrex, and Matternet, among others.

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