Global Drone Logistics and Transportation Market to Reach US$ 31,265.6 Million by 2032, Propelled by Increasing Demand for Last-Mile Delivery

April 17, 2023 | Transportation and Logistics

According to the latest report by IMARC Group, titled "Drone Logistics and Transportation Market by Platform (Freight Drones, Passenger Drones, Air Ambulance Drones), Range (Close-Range (<50 Kilometers), Short-Range (50 to 150 Kilometers), Mid-Range (151 to 650 Kilometers), Long-Range (>650 Kilometers)), Sector (Civil and Commercial, Military), and Region 2024-2032," the global drone logistics and transportation market size reached US$ 705.3 Million in 2023. Drone logistics and transportation refer to the delivery of products using unmanned aerial vehicles (UAVs) equipped with antennas, receivers, cameras, sensors, accelerometers, and batteries. They assist in reducing operational costs, overcoming traffic bottlenecks, and minimizing vehicular emissions. They also help optimize delivery routes, provide real-time tracking, and minimize delivery times. As drone logistics and transportation facilitate on-demand and instant delivery, they are gaining traction across the globe.

Global Drone Logistics and Transportation Market Trends:

At present, the increasing occurrence of natural disasters and climate changes worldwide represents one of the key factors catalyzing the demand for drone logistics and transportation for delivering medical supplies in areas prone to windstorms, hurricanes, landslides, tornadoes, flooding, and severe weather conditions. In addition, the rising adoption of drones by e-commerce websites for making quick deliveries and transporting packages to places inaccessible by conventional transport systems is bolstering the market growth. Moreover, the integration of advanced technologies, such as artificial intelligence (AI), machine learning (ML), and cloud computing, in drones are creating a favorable market outlook. Furthermore, key market players are introducing hydrogen-powered drones with improved computer vision and autonomous recharging. This, along with the increasing adoption of drones as a cost-effective and environment friendly solution, is driving the market worldwide. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 31,265.6 Million by 2032, exhibiting a CAGR of 52.39% during 2024-2032.

Market Summary:

Based on the platform, the market has been classified into freight drones, passenger drones, and air ambulance drones. At present, freight drones exhibit a clear dominance in the market.
On the basis of the range, the market has been segmented into close-range (<50 kilometers), short-range (50 to 150 kilometers), mid-range (151 to 650 kilometers), and long-range (>650 kilometers). Close-range (<50 kilometers) accounts for the majority of the total market share.
Based on the sector, civil and commercial hold the largest market share, followed by the military.
Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Cana LLC, Dronamics, Drone Delivery Canada, Flytrex Aviation Ltd., Guangzhou EHang Intelligent Technology Co. Ltd., Hardis Group, Matternet, Volocopter Gmbh, Wing Aviation (Alphabet Inc.), and Zipline International Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Plateforms Covered	Freight Drones, Passenger Drones, Air Ambulance Drones
Ranges Covered	Close-Range (<50 Kilometers), Short-Range (50 to 150 Kilometers), Mid-Range (151 to 650 Kilometers), Long-Range (>650 Kilometers)
Sectors Covered	Civil and Commercial, Military
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Cana LLC, Dronamics, Drone Delivery Canada, Flytrex Aviation Ltd., Guangzhou EHang Intelligent Technology Co. Ltd., Hardis Group, Matternet, Volocopter Gmbh, Wing Aviation (Alphabet Inc.), Zipline International Inc., etc.
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Global Drone Logistics and Transportation Market to Reach US$ 31,265.6 Million by 2032, Propelled by Increasing Demand for Last-Mile Delivery

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