05 September 2019
Visiongain has launched a new Aerospace report Drone Logistics and Transportation Market Report 2019-2029: Forecasts by Solution (Warehousing, Shipping, Infrastructure, Software), by Sector (Commercial, Military), by Drone (Freight Drones, Passenger Drones, Ambulance Drones) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global drone logistics and transportation market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include the increasing use of unmanned aerial vehicles (UAVs) for commercial purposes such as fast goods delivery, growing e-commerce market, liberal restrictions and regulations for commercial use of drones. However, the concerns associated with bandwidth requirements and battery life may pose as market restraints. The drone logistics and transportation market can be segmented based on solution, sector, drone, and region.
Factors such as increasing demand for rapid delivery in the logistics market, use of drones by the military forces for supplying soldiers with ammunition, food, spares, and equipments in the battle field are expected to fuel the market growth. Among the sectors, the commercial segment is anticipated to contribute the largest share of revenue due to large number of deliveries aided by e-commerce. Several challenges for the market include lack of skilled and trained personnel, concerns regarding safety during travel and package drop, delivery authentication and cybersecurity concerns, and restrictions on the commercial use of drones.
Some of the players such as PINC Solutions, CANA Advisors, Drone Delivery Canada, DroneScan, Hardis Group, Infinium Robotics, Matternet, and Workhorse Group are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. Some of the other companies operating in the market include Airmap, Altitude Angel, Cheetah Logistics Technology, Edronic, H3 Dynamics, Skysense, Unifly, Matternet, Flytrex Aviation Ltd, Skycart, Uber, and Zipline International. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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