This report provides a detailed analysis of the drone logistics and transportation market from 2022 to 2027. It discusses industry and technological trends prevailing in the market and examines factors that are expected to drive or challenge the growth of the drone logistics and drone transportation market in the near future. The Drone Logistics and Transportation Market is estimated to be USD 11.20 billion in 2022 and is projected to reach USD 29.06 billion by 2027, at a CAGR of 21.01% from 2022 to 2027. Increasing investments for the commercialization of drones in the logistics and drone transportation industry are expected to drive the drone logistics and drone transportation market.
The drone logistics and drone transportation market has been segmented on the basis of solution, sector, drone, and region. Based on drone, the market has been further segmented into freight drones, passenger drones, and ambulance drones. The <10kg (delivery drones) sub segment of freight drone segment is expected to lead the drone logistics and drone transportation market during the forecast period due to the increasing demand for drones for last mile delivery of packages, food, and medical supplies.
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By drone, the freight segment is expected to be the largest contributor in the market during the forecast period.
The drone logistics and drone transportation market has been segmented on the basis of solution, sector, drone, and region. Based on drone, the market has been further segmented into freight drones, passenger drones, and ambulance drones. Freight drones are further segmented into <10kg (delivery drones) and >10kg (cargo drones). The <10kg (delivery drones) sub segment is expected to lead freight drones segment owing to the high demand for drones for first mile and last mile deliveries.
Commercial segment is expected to account for the largest market size during the forecast period.
Based on sector, the drone logistics and drone transportation market has been segmented into military and commercial. The commercial segment is expected to lead the drone logistics and drone transportation market during the forecast period. This segment’s large market share is attributed to the large number of deliveries in the logistics industry, especially in the e-commerce sector.
By solution, the shipping segment is expected to be the largest contributor in the market during the forecast period.
Based on solution, the drone logistics and drone transportation market has been segmented into warehousing, shipping, infrastructure, and software. The shipping segment is expected to grow at the highest CAGR during the forecast period, owing to increasing investment in the R&D of drones for package delivery.
North America is expected to account for the largest market size during the forecast period.
The drone logistics and drone transportation market in the North American region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the increasing research and development activities toward the use of drones in the logistics and transportation industry. Infrastructure and software solutions are being developed to enable the use of drones in the delivery and transportation industry. The relaxation of restrictions on the commercial use of drones is expected to fuel the growth of the drone logistics and drone transportation market.
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