Drone Logistics and Transportation Market Size to Reach USD 12180 Million By 2028 at a CAGR of 10.8% - Valuates Reports

BANGALORE, India, July 4, 2022 /PRNewswire/ -- Drone Logistics and Transportation Market is segmented By Type - Warehousing, Shipping, Others, By Application - Military, Civil and Commercial. Global Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the  Transportation & Logistics Category.

The global Drone Logistics and Transportation market size is projected to reach USD 12180 million by 2028, from USD 5752.2 million in 2021, at a CAGR of 10.8% during 2022-2028.

Major Factors Driving The Growth of The Drone Logistics And Transportation Market

The increasing use of drones for faster delivery and the booming eCommerce sector will drive the growth of the drone logistics market during the forecast period. 

The growing demand for last-mile delivery solutions, warehouse operations, and military use will fuel the growth of the market in the coming years.

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TRENDS INFLUENCING THE GLOBAL DRONE LOGISTICS AND TRANSPORTATION MARKET 

Drones are immensely beneficial for the transportation of goods in urban areas with high traffic congestion. They are effective in pallet scanning at distribution centers, enabling the operations team to view the inventory stored at the facility and look for lost items in hard-to-reach spaces. Drones are able to reach areas that are inaccessible to other modes of transportation thereby increasing the radius of action for companies making shipments. Faster and rapid transport of essential relief packages and medical supplies to remote areas can be performed smoothly. These factors will drive the growth of the drone logistics and transportation market during the forecast period. 

The increasing demand for last-mile delivery solutions by eCommerce companies and food service delivery providers is pushing the drone logistics market forward. Companies engaged in the last mile and small package delivery are deploying drones to cut costs and improve operational efficiency. For instance, Prime Air delivery drones are capable of shipping out parcels directly from warehouses to customers within 30 minutes. Hence the gradual development and testing will fuel the growth of the drone logistics and transportation market in the subsequent years.