Unmanned aerial vehicle (Drone) is a black technology for logistics and distribution. Like courier robots, it is a weapon for the “last mile” of logistics distribution. Logistics drones are suitable for small batches and high-frequency transportation. They are also one of the best choices for remote parts such as rural areas and mountainous areas and emergency parts delivery.
The global drone logistics and transportation market anticipate the market growth at the highest CAGR in the forecast period from 2020-2027. With the continuous development of big data, cloud computing, and artificial intelligence, smart logistics that incorporates new technologies takes rural areas as the starting point and gradually moves toward cities.
As a “black technology” for logistics and distribution, drones are undoubtedly a weapon to solve the problem of “last mile” distribution efficiency. Compared with human distribution, uncrewed aerial vehicles have the characteristics of intelligence, informatization, and unmannedness, and the distribution efficiency is higher, which is deeply concerned by companies.
Moreover, with the continuous improvement of the security, and intelligence level of drones will have more robust independent decision-making capabilities, perception and avoidance capabilities, and anti-jamming capabilities.
Whereas, the express logistics market, drones have the advantages of short distance, low cost, fast speed, and high efficiency. They can be used in express delivery and warehousing, helping companies reduce human and material costs. The increase in the application and demand for drones in the logistics industry has driven the development of the domestic drone industry. In the future, the role of drones will become more and more potent in the field of industrial applications. Among them, agricultural plant protection, postal express, and electric cruise demand for drones are particularly prominent.
Furthermore, based on scientific planning, extensive use of the Internet + drone, robot, and other technologies and methods can achieve production capacity coordination and capacity optimization. As an application of new technology, drone delivery is a useful supplement to the traditional way. Taking the service capacity of modern logistics to a new level, its overall efficiency, cost, and size will also be optimized and reconstructed.
Compared with ground transportation, drones have the advantages of convenience and efficiency, saving land resources and infrastructure. In some traffic paralyzed road sections, congested areas of the city, drone transportation can achieve “accessibility,” which is irreplaceable by other methods. Besides, logistics drones can effectively reduce the burden of ground transportation by rationally using idle low-altitude resources, saving resources, and construction costs.
Compared with general air transportation and helicopter transportation, Drone transportation has the advantages of low cost and flexible schedule. It can make up for the gap in traditional air transportation capacity. As the demand for air cargo increases year by year, the number and supporting resources of certified pilots, as well as the labor costs of pilots and crew members, have become constraints to development. The cost of drone freight is relatively low, and the unmanned characteristics can enable the airport to achieve the intensive growth of all factors in construction and operation management.
Based on the solution, the global Drone Logistics and Transportation market distributed into Warehousing, Shipping, Infrastructure, Software. The shipping segment has dominated the largest market of the worldwide drone logistics and transportation market. It is mainly owing to the rising demand for drones to deliver the package on time and more and more investment done in the R&D of drones.
Additionally, in rural areas or areas with backward transportation have always been inaccessible for logistics and distribution. With the development of new drone technology, it will highlight further advantages and improves logistics in such areas. Also, the related hardware and software technology advancement, drone logistics, and transportation have reached the basic requirements of practicality, which jointly contributed to a change in logistics innovation-drone logistics.
Based on the sector, the global Drone Logistics and Transportation market bifurcated into Commercial, Military. The Commercial segment holds the largest market share in the worldwide drone logistics and transportation market. The continuous progress in technology and emerging e-commerce industry, drone helps the commercial industry in solving the ground transportation shipping and delivery of the product smoothly.
Moreover, in future 5G and artificial intelligence technologies will push drones into a more intelligent and miniaturized era. 5G technology will enhance the user’s experience, making the picture clearer, faster data transmission, and a more comprehensive control range.
Based on the drone, the global Drone Logistics and Transportation market classified into Freight Drones, Passenger Drones, Ambulance Drones. The freight drone segment has dominated the drone logistics and transportation market. it is further segmented into <10kg (delivery drones) and >10kg (cargo drones). The <10kg (delivery drones) sub-segment has captured the largest share in the freight drone market. It is mainly due to the high demand for the shipment of a product from the retailer to the carrier who will ultimately deliver the product to the customer and to the last-mile delivery, which is the most important and expensive part of the whole shipping process.
Based on the region, the global Drone Logistics and Transportation market segmented into North America, Asia Pacific, Europe, South America, and Middle East & Africa. North America will be expecting to witness the highest growth during the forecast period from 2020-2027. North America holds the largest share in the drone logistics and transportation market. The advancement in technology adoption, increasing disposable income, and rising adoption of drones by commercial industries has fueled the demand for drone logistics and transportation in North America.
Companies such as PINC Solutions, CANA Advisors, Drone Delivery Canada, DroneScan, Hardis Group, Infinium Robotics, Matternet, and Workhorse Group, among others, are key players in the global drone logistics and transportation market.
The market size of the drone logistics and transportation market is valued at USD 9.62 Billion in 2020 and is projected to reach USD 28.6 Billion by 2027.
The growth rate of the global Drone Logistics and Transportation Market is projected at a CAGR of 20.1% during the forecast period.
Low cost and flexible working, easy and efficient, beyond time and space, are the factors increasing the growth of the Global Drone Logistics and Transportation market.
The market is segmented on Drone as Freight Drones, Passenger Drones, and Ambulance Drones.
North America is expected to generate the highest demand for the market during the forecast period.