Use of drones for logistics services provide several benefits such as reduction in distribution costs, faster deliveries as well as reduction in urban traffic and CO2 emissions. Drones are also helpful in manufacturing, warehousing, and distribution facilities. Moreover, they are also used in mining, prospecting, and land surveying applications.
Development and deployment of drones for sending and receiving packages along with autonomous freight trains and unmanned heavy-lift freight airplanes has been observed. For instance, in April 2021, Slovenian aerospace company Pipistrel announced development of a heavy cargo hybrid vertical take-off and landing (VTOL) drone in partnership with SF Express. The cargo drone will aid SF express to expand its delivery network fleet through addition of large cargo unmanned aerial vehicles with VTOL capability.
Growth of the drone logistics market has propelled, owing to rise in demand for time-efficient delivery service and rise in demand for drones in last mile delivery. However, cybersecurity issues associated with drones and short flying duration are the factors that hamper growth of the market. Furthermore, revamped government regulatory framework is the factor expected to offer growth opportunities during the forecast period.
The drone logistics market is segmented on the basis of component, application, end use, and region. By component, the market is categorized into hardware, software, and services. By application, it is fragmented into warehouse & storage management, and transportation management. By end use, it is classified into commercial and military. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Development and deployment of drones for sending and receiving packages along with autonomous freight trains and unmanned heavy-lift freight airplanes has been observed. For instance, in April 2021, Slovenian aerospace company Pipistrel announced development of a heavy cargo hybrid vertical take-off and landing (VTOL) drone in partnership with SF Express. The cargo drone will aid SF express to expand its delivery network fleet through addition of large cargo unmanned aerial vehicles with VTOL capability.
Growth of the drone logistics market has propelled, owing to rise in demand for time-efficient delivery service and rise in demand for drones in last mile delivery. However, cybersecurity issues associated with drones and short flying duration are the factors that hamper growth of the market. Furthermore, revamped government regulatory framework is the factor expected to offer growth opportunities during the forecast period.
The drone logistics market is segmented on the basis of component, application, end use, and region. By component, the market is categorized into hardware, software, and services. By application, it is fragmented into warehouse & storage management, and transportation management. By end use, it is classified into commercial and military. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the drone logistics market analysis from 2021 to 2031 to identify the prevailing drone logistics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the drone logistics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global drone logistics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Hardware
- Software
- Services
By Application
- Warehouse and Storage Management
- Transportation Management
By End-Use
- Commercial
- Military
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Deutsche Post DHL Group
- Drone Delivery Canada
- DroneScan
- FedEx Corporation
- Flytrex Inc.
- Hardis Group
- Infinium Robotics
- Matternet, Inc.
- PINC Solutions
- Amazon.com, Inc.
- United Parcel Service of America, Inc.
- Wing Aviation LLC
- Workhorse Group Incorporated
- Zipline International Inc.
- Wingcopter GmbH
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DRONE LOGISTICS MARKET, BY COMPONENT
CHAPTER 5: DRONE LOGISTICS MARKET, BY APPLICATION
CHAPTER 6: DRONE LOGISTICS MARKET, BY END-USE
CHAPTER 7: DRONE LOGISTICS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Drone logistics Market," the drone logistics market was valued at $8.20 billion in 2021, and is estimated to reach $53.32 billion by 2031, growing at a CAGR of 20.8% from 2022 to 2031.North America is expected to dominate the global drone logistics market in 2021. North America is a technologically advanced region and adoption rate is higher. The region has witnessed a significant surge in use of advanced drone technologies to reduce human labor and improve output quality in the logistics sector. North American countries are investing heavily on adoption of drone services to augment performance of their operations and improve time management in supply chain. Increase in investments by North American countries propels development of advanced drone equipment and software across North America. Presence of competitive e-commerce and fast-moving consumer goods (FMCG) sectors in North America further increases contribution of North American countries in the drone logistics market.
Development and deployment of drones for sending and receiving packages along with autonomous freight trains and unmanned heavy-lift freight airplanes has been observed. For instance, in April 2021, Slovenian aerospace company Pipistrel announced development of a heavy cargo hybrid vertical take-off and landing (VTOL) drone in partnership with SF Express. The cargo drone will aid SF express to expand its delivery network fleet through addition of large cargo unmanned aerial vehicles with VTOL capability.
Growth of the drone logistics market has propelled, owing to rise in demand for time-efficient delivery service and rise in demand for drones in last mile delivery. However, cybersecurity issues associated with drones and short flying duration are the factors that hamper growth of the market. Furthermore, revamped government regulatory framework is the factor expected to offer growth opportunities during the forecast period.
COVID-19 Impact Analysis
- The COVID-19 pandemic wreaked havoc on social and economic systems all across the globe. The tragic loss of human life and the emergence of unprecedented challenges to the world of labor, food systems, and public health have resulted in significant catastrophic damages to societies and enterprises all across the globe. The pandemic has also posed an existential danger to millions of businesses, as well as an unemployment catastrophe for billions of people around the world.
- However, drone services have been developed and utilized by drone service providers during the COVID-19 pandemic, including lab sample pick-up and delivery and transportation of medical supplies to reduce transportation times and minimize infection exposure, aerial spraying of public areas to disinfect potentially contaminated areas and public space monitoring and guaranty. In the event of the COVID-19 pandemic, these applications have increased demand for different types of drones to capture ground activities from the sky.
- Moreover, post-pandemic, several logistics companies are focusing on developing a network for last mile deliveries based on drones, which in turn is expected to boost the growth of the drone logistics market during the forecast period.
Key Findings of the Study
- By component, the services segment is anticipated to exhibit significant growth in the near future.
- By application, the transportation management segment is anticipated to exhibit significant growth in the near future.
- By end-use, the commercial segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
- Key players operating in the global drone logistics market include Amazon.com Inc., Deutsche Post DHL Group, Drone Delivery Canada, DroneScan, FedEx, Flytrex Inc., Hardis Group, Infinium Robotics, Matternet, Pinc Solutions, United Parcel Service of America, Inc., Wing Aviation LLC, Workhorse Group, Wingcopter, and Zipline International Inc.
Companies Mentioned
- Deutsche Post Dhl Group
- Drone Delivery Canada
- Dronescan
- Fedex Corporation
- Flytrex Inc.
- Hardis Group
- Infinium Robotics
- Matternet, Inc.
- Pinc Solutions
- Amazon.Com, Inc.
- United Parcel Service of America, Inc.
- Wing Aviation LLC
- Workhorse Group Incorporated
- Zipline International Inc.
- Wingcopter Gmbh
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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