The drone logistics market was estimated to be worth $8.20 billion in 2021 and is expected to reach $53.32 billion by 2031, growing at a CAGR of 20.8% from 2022 to 2031, according to a recent report titled Drone Logistics Market by Component, By Application, By End-Use: Global Opportunity Analysis and Industry Forecast, 2021-2031.
Drone use in logistics services has a number of advantages, including lower distribution costs, quicker shipments, and lower CO2 emissions, as well as reduced urban traffic.
In addition, drones are useful in warehouses, distribution centres, and production facilities. They are also used in mining, prospecting, and mapping the land. Alongside autonomous freight trains as well as unmanned heavy-lift freight aircraft, it has been observed that drones for sending and receiving goods are being developed and deployed.
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A large cargo hybrid vertical take-off and landing (VTOL) drone, for instance, is being developed by the Slovenian aerospace company Pipistrel in collaboration with SF Express, as of April 2021.
The huge freight unmanned aerial vehicles with VTOL capability added by the cargo drone will let SF Express increase the number of delivery vehicles in its fleet. The desire for time-efficient delivery services and an increase in the use of drones for last-mile delivery have propelled the growth of the drone logistics market.
Drone cybersecurity concerns and limited flight time, on the other hand, are obstacles that restrict market expansion. Redesigned government regulations are another aspect that is anticipated to present expansion prospects during the projected period.
The drone logistics market is segmented by component, application, end use, and region.
The market is divided into three categories based on component: hardware, software, and services. By application, it is divided into transportation management and warehouse and storage management.
It is divided into commercial and military categories based on end usage. The market is examined by region, covering North America, Europe, Asia-Pacific, and LAMEA.
In order to pinpoint the most lucrative drone logistics market prospects, the study offers a comprehensive review of the market’s segments, current trends, projections, and dynamics from 2021 to 2031.
