Global Drone Logistics and Transportation Market is Estimated to Reach $19 Billion by 2025
Global Drone Logistics and Transportation Market report published by Accurize Market Research forecast that the global market is expected to reach $19 billion by 2025; growing at a CAGR of 21% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Increased demand for earlier delivery of goods and huge investment in drone delivery throughout the world to drive the growth of the market
Increased demand for earlier delivery of goods and huge investment in drone delivery fuels the demand for global drone logistics and the transportation market. Furthermore, expanding the assumption of drone logistics and transportation for cargo delivery in military operations also boost the growth of the market.
The global drone logistics and transportation market has been bifurcated on the basis of the solution, sector, drone, and geography. On the basis of sector, the drone logistics and transportation market are segmented into military and commercial. The solution segment of the drone logistics market is bifurcated into warehousing & distribution, shipping solution, traffic management, infrastructure, and software. The drone segment of drone logistics and transportation market is further segregated into freight, passenger, and ambulance.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, and the rest of Asia-Pacific. RoW covers South America, the Middle East, and Africa.
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Top players in the market
The key market players include Drone Delivery Canada, DroneScan, Hardis Group, Infinium Robotics, PINC Solutions, CANA Advisors, Matternet and Workhorse Group, among others.