Analysis and Forecasts by Type (Freight Drones, Passenger Drones, and Ambulance Drones); Application (Warehousing, Shipping, and Others); and End User (Military and Commercial)
No. of Pages:
125
|
Report Code:
TIPRE00003327
|
Category:
Automotive and Transportation
Drone Logistics & Transportation market in Europe is expected to grow from US$ 7.54 Mn in 2018 to US$ 510.87 Mn by the year 2027. This represents a CAGR of 61.0% from the year 2019 to 2027.
Growth in the e-commerce market is fueling dramatic changes in the warehouse which is further enhancing the growth of drone Logistics and Transportation market. Owing to this the entire e-commerce market is gaining a great deal of attraction. However, the time taken to deliver goods and parcels was longer in earlier days, with the emergence of advanced technologies and faster parcel delivery options such as through drones are making the e-commerce industry players simplify the delivery process and at a much lesser time. In the current drone Logistics & Transportation market scenario, drones are majorly deployed by e-commerce companies and several governments and private organizations to deliver time-sensitive goods, medicines and emergency response goods. Several governmental regulations have restricted the usage of drones for commercial delivery purposes in the earlier years, however, with the amendments of these regulations are helping the e-commerce industry players as well as several parcel delivery companies to use the service. For instance, Europe is among the leading regions for the adoption of advancing technologies that is increasing the adoption rate and growth of drone Logistics & Transportation market. The region has been widely implementing artificial intelligence into its various business functions which also includes drone's services for several applications to make work more efficient and precise. The companies in Europe are highly dependent upon various rules and regulation for deploying drones for various business operations. All these factors are supporting towards the growth of drone Logistics & Transportation market in the forecast period.
The robust focus of the German Federal Aviation Office (FAO) for flying a drone in Germany, by following certain compliant associated with the drone regulations. Various drone Logistics & transportation market players adhere with the regulations established for the use of drones for other purposes. For instance, ZF Friedrichshafen AG is a first German company which has received a permit to use autonomous drones for the transportation of goods in its premise specifically in plant. Such approvals and initiatives would help the companies to widen the scope of delivery drones. The European drone logistics & transportation market players are innovating with technological advancements. The European Union is continuously focusing towards the development in aviation with a great potential to create new jobs and economic growth of the country as well as drone Logistics & Transportation market. The EU adopted various regulation to safely incorporate remotely piloted drones into the European airspace. The EU regulations sets many civil aviation safety and updates various mandate for the European Aviation Safety Agency (EASA). Despite the exponential growth of delivery drones in European countries, the most problematic scenario for delivery drone could be, to provide its service to the mid-sized buildings with pitched roofs. The delivery drones require an alternative delivery point or kind of collection point of the parcels. In respect to this, an existing DHL Packstation or Paketkasten network would be enhanced to manage shipments of this type. Moreover, DHL has entered into a partnership with Microdrones, a manufacturer of UAV to deliver pharmaceuticals at headquarter of DHL for the employees. These initiatives depict a positive growth for the drones in the logistics and transportation market. In 2018, Flytrex has recently raised $7.5 million in Series B funding. The company is granted with funds Benhamou Global Ventures (BGV) along with additional investment from the btov. With the help of raised finance, it would scale-up the technology, operations of Flytrex in respect to drone delivery in Iceland and North Dakota. Such investment will further fuels the drone logistics & transportation market in the region.
France is anticipated to lead the drone logistics & transportation market across the Europe region through the forecast period. France is observing a significant growth in commercialization, resulting in the huge demand of drones in the country. The adoption of drone in France is presently extensively competitive where all the major players including competing in order to gain the customer's trust. For instance, in France, La Poste is a national post service has tested the robots for months. In addition to this, British startup BIZZBY Sky, La Poste, Google, Amazon, and DHL are investigating and testing on drones for the package delivery. The country witnessed huge demand of drones among various drone manufacturers especially for the purpose of using drone for delivering the parcels. These drones are used exclusively for commercial, military users in Italy. This factor is positively impacting on the growth of the drone logistics & transportation market in Italy during the forecast period. The figure given below highlights the revenue share of Germany in the European drone logistics & transportation market in the forecast period:
Germany Drone Logistics & Transportation Market Revenue and Forecasts to 2027 (US$ Mn)
EUROPE DRONE LOGISTICS & TRANSPORTATION - MARKET SEGMENTATION
By Type
Freight Drones
Passenger Drones
Ambulance Drones
By End User
Military
Commercial
By Country
France
Germany
Italy
Spain
UK
Rest of Europe
Companies Mentioned
Flytrex
Zipline
Drone Delivery Canada Corp.
Flirtey
Hardis Groupe, SAS
Volocopter
Cheetah Logistic Technology
PINC Applications Corp.
Workhorse Group Inc.
Infinium Robotics
Europe Drone Logistics & Transportation Strategic Insights
Strategic insights for the Europe Drone Logistics & Transportation provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Get more information on this report
Europe Drone Logistics & Transportation Report Scope
Report Attribute
Details
Market size in 2018
US$ 7.54 Million
Market Size by 2027
US$ 510.87 Million
Global CAGR (2019 - 2027)
61.0%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Type
Freight Drones
Passenger Drones
Ambulance Drones
By Application
Warehousing
Shipping
By End User
Military
Commercial
Regions and Countries Covered
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Market leaders and key company profiles
Cheetah Logistic Technology
Drone Delivery Canada Corp.
Flytrex
Flirtey
Hardis Groupe, SAS
Infinium Robotics
PINC Applications Corp.
Volocopter
Workhorse Group Inc.
Zipline
Get more information on this report
Europe Drone Logistics & Transportation Regional Insights
The geographic scope of the Europe Drone Logistics & Transportation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report
Identical Market Reports with other Region/Countries
How big is the Europe Drone Logistics & Transportation Market?
The Europe Drone Logistics & Transportation Market is valued at US$ 7.54 Million in 2018, it is projected to reach US$ 510.87 Million by 2027.
What is the CAGR for Europe Drone Logistics & Transportation Market by (2019 - 2027)?
As per our report Europe Drone Logistics & Transportation Market, the market size is valued at US$ 7.54 Million in 2018, projecting it to reach US$ 510.87 Million by 2027. This translates to a CAGR of approximately 61.0% during the forecast period.
What segments are covered in this report?
The Europe Drone Logistics & Transportation Market report typically cover these key segments-
Type (Freight Drones, Passenger Drones, Ambulance Drones)
Application (Warehousing, Shipping)
End User (Military, Commercial)
What is the historic period, base year, and forecast period taken for Europe Drone Logistics & Transportation Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Drone Logistics & Transportation Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in Europe Drone Logistics & Transportation Market?
The Europe Drone Logistics & Transportation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Cheetah Logistic Technology
Drone Delivery Canada Corp.
Flytrex
Flirtey
Hardis Groupe, SAS
Infinium Robotics
PINC Applications Corp.
Volocopter
Workhorse Group Inc.
Zipline
Who should buy this report?
The Europe Drone Logistics & Transportation Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Europe Drone Logistics & Transportation Market value chain can benefit from the information contained in a comprehensive market report.
Get Free Sample For Europe Drone Logistics & Transportation Market
1. Complete the form
2. Check your inbox (and spam/junk folder)
3. Your Personal Data is Secure with us
GDPR + CCPA Compliant
Personal & transactional information is kept safe from unauthorized use.
WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines