Future Drone Logistics and Transportation Market after Covid 19 Impact
E-commerce companies are considerably opting for drones in order to revolutionize the last mile delivery services in a commercial scenario. Several governmental regulations have restricted the usage of drones for commercial delivery purposes in the earlier years, however, with the amendments of these regulations are helping the e-commerce industry players as well as several parcel delivery companies to use the service. For instance, the US Government body, the Federal Aviation Administration earlier has banned the usage of drones for deliveries in the US sky. However, the body has altered the ban and has allowed the usage of the UAVs for goods deliveries under a number of clauses.
The global drone logistics and transportation market accounted to US$ 24.58 Mn in 2018 and is expected to grow at a CAGR of 60.6% during the forecast period 2019 - 2027, to account to US$ 1,626.98 Mn by 2027.
North America was the leading geographic drone logistics and transportation market and it is anticipated to be the highest revenue contributor throughout the forecast period. Logistics sector is growing at a rapid rate driven by high demand in healthcare and other industries. Therefore, the companies are taking related initiatives to further enhance the scope of delivery using drones to optimize time, cost and speed delivery of parcels across the region.
Beyond the Visual Line of Sight (BVLOS) to Accentuate the Demand for Commercial Drone Service
One of the most critical laws imposed upon commercial drone operations is that the drone pilot should maintain a visual line of sight with the unmanned aerial vehicle while in operation. The future of the market is anticipated to be prominent, with the implementation of Beyond the Visual Line of Sight (BVLOS). The benefits of BVLOS is that the concept allows the operators to fly drones in complex conditions and truly unmanned technology without the need for takeoff and landing. This technological concept is anticipated to trigger the growth of the market in the coming years.
The Insight Partners has added a latest report on Covid 19 Impacts on Drone Logistics and Transportation, This Report will gives you in-depth analysis of Drone Logistics and Transportation Market. Also this report explores analysis of historical data along with size, share, growth, demand, revenue and forecast of the global Drone Logistics and Transportation and estimates the future trend of market on the basis of this detailed study. The study shares market performance both in terms of volume and revenue and this factor which is useful & helpful to the business.
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Company Profiles Analysis
- CHEETAH SOFTWARE SYSTEMS, INC.
- DRONE DELIVERY CANADA CORP.
- FLIRTEY
- FLYTREX AVIATION, LTD.
- HARDIS GROUP
- INFINIUM ROBOTICS
- PINC SOLUTIONS
- VOLOCOPTER GMBH
- WORKHORSE GROUP INC.
- ZIPLINE
Strategic Insights
Market Initiative was observed as the most adopted strategy in global drone logistics and transportation industry. Few of the recent partnership, contractual alliances for the deployment of new technological solutions are listed below;
2018: Flytrex is to deliver food items from restaurant to the King’s Walk golf course outside of Grand Forks for the golfers. Through Flytrex’s system, the golfers can easily place order and pay for a food using a custom-built app.
2018: Volocopter has stated about the plans to test air taxi service in the Summit of Urban Mobility held in Paris. The company is to conduct flight tests in the mid of 2019 in Singapore, which is supported by the Civil Aviation Authority of Singapore (CAAS), Ministry of Transport (MOT), and Economic Development Board (EDB). The flight tests are developed to certify and confirm the ability of eVTOL vehicles of Volocopter.
2018: Drone Delivery Canada and the Moose Cree First Nation plans to partnering to launch the first commercial drone delivery service in Canada, as noted in a press release on October 4, 2017. DDC has worked closely with Transport Canada and community stakeholders to commence commercial test flights within the Moose Cree Community, located 20km south of James Bay in Northern Ontario.
GLOBAL DRONE LOGISTICS AND TRANSPORATION - MARKET SEGMENTATION
By Type
- Freight Drones
- Passenger Drones
- Ambulance Drones
By Application
- Warehousing
- Shipping
- Others
By End User
- Military
- Commercial
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Rest of SAM