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:
120
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Report Code:
TIPRE00003328
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Category:
Automotive and Transportation
Drone Logistics & Transportation market in North America is expected to grow from US$ 10.40 Mn in 2018 to US$ 525.35 Mn by the year 2027. This represents a CAGR of 55.67% from the year 2019 to 2027.
Growth in the e-commerce market is fueling dramatic changes in the warehouse is driving the drone logistics & transportation market. Owing to this the entire e-commerce market is gaining a great deal of attraction which further fueling the drone logistics and transportation market across the region. 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. Such factors are fueling the drone logistics & transportation market in the forecast period. For instance, the US Government body, the Federal Aviation Administration earlier has banned the usage of drones for deliveries in the US sky. This factor has attracted several e-commerce players, and parcel delivery partners such as Amazon, DHL, Walmart, Google and UPS among others
The significant efforts are being taken by the Government towards drone logistics & transportation market, by following various rules and regulations set by Federal Aviation Administration (FAA) for supporting the progress of drones through new deployment, spectrum allocations, and infrastructure. Drones are extensively used in commercial, real estate, and agriculture sectors due to its highly exhibiting characteristics. With high adoption of drones in varied sectors, now it is gaining high momentum in logistics and transportation industries to further cater the needs of end users in the drone logistics & transportation market. Now, the drones are used for delivery purposes at individual's door. Initiatives to be undertaken by the players and regulatory bodies aims to speed up integration of autonomous drones with U.S. airspace by working closely with drone-based technology companies. In addition to the deployment of delivery drones, the Federal Aviation Administration (F.A.A.) and the U.S. Department of Transportation has declared that 10 regions are selected to take part in an Unmanned Aircraft Systems (U.A.S.) Integration Pilot Program. Over a period, the selected areas are to conduct varied drone operation tests, including delivery of food and medical products, agricultural inspections, and border patrol. Also, the F.A.A. has obtained 149 proposals for a pilot program. The scope of drone deliveries is entering into the market of United States. In 2018, Zipline announced the fastest delivery drone with a top speed of 128 Kmph. This drone will help to reach various regions at a higher speed in the time of emergency. All these developments are results in the high rate of adoption of drone for delivery purpose in the region. All these initiative by the market player are enhancing the growth of drone logistics & transportation market.
US is anticipated to leads the drone logistics & transportation market across the North American region through the forecast period. Army of the US is exploring utilization of drones to provide supplies to the soldiers on the field. It is a game-changing approach, identified as an emerging technology used to make future deliveries of the household items. The U.S. Marines has successfully used unmanned KMAX helicopter to offer 2 million kilograms of supplies to the units in Afghanistan. However, use of autonomous air transportation results into the creation of several dilemmas for an adversary, as it is not restricted to a ground route.
Similarly, Canada is capable to be a mover in an emerging space of the commercial drone delivery services which leads towards the growth of drone logistics & transportation market. Uruguay is highly investing in R&D for innovations for ensuring its sustainable development. As the companies in the region are growing and getting aware of drone logistics & transportations, the market is witnessing growth in the region. The figure given below highlights the revenue share of Mexico in the North American drone logistics & transportation market in the forecast period:
Mexico Drone Logistics & Transportation Market Revenue and Forecasts to 2027 (US$ Mn)
NORTH AMERICA DRONE LOGISTICS & TRANSPORTATION - MARKET SEGMENTATION
By Type
Freight Drones
Passenger Drones
Ambulance Drones
By End User
Military
Commercial
By Country
U.S.
Canada
Mexico
Companies Mentioned
Flytrex
Zipline
Drone Delivery Canada Corp.
Flirtey
Hardis Groupe, SAS
Volocopter
Cheetah Logistic Technology
PINC Applications Corp.
Workhorse Group Inc.
Infinium Robotics
North America Drone Logistics & Transportation Strategic Insights
Strategic insights for the North America 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.
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North America Drone Logistics & Transportation Report Scope
Report Attribute
Details
Market size in 2018
US$ 10.40 Million
Market Size by 2027
US$ 525.35 Million
Global CAGR (2019 - 2027)
55.67%
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
North America
US
Canada
Mexico
Market leaders and key company profiles
Flytrex
Zipline
Drone Delivery Canada Corp.
Flirtey
Hardis Groupe, SAS
Volocopter
Cheetah Logistic Technology
PINC Applications Corp.
Workhorse Group Inc.
Infinium Robotics
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North America Drone Logistics & Transportation Regional Insights
The geographic scope of the North America 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.
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Identical Market Reports with other Region/Countries
How big is the North America Drone Logistics & Transportation Market?
The North America Drone Logistics & Transportation Market is valued at US$ 10.40 Million in 2018, it is projected to reach US$ 525.35 Million by 2027.
What is the CAGR for North America Drone Logistics & Transportation Market by (2019 - 2027)?
As per our report North America Drone Logistics & Transportation Market, the market size is valued at US$ 10.40 Million in 2018, projecting it to reach US$ 525.35 Million by 2027. This translates to a CAGR of approximately 55.67% during the forecast period.
What segments are covered in this report?
The North America 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 North America 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 North America Drone Logistics & Transportation Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in North America Drone Logistics & Transportation Market?
The North America Drone Logistics & Transportation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Flytrex
Zipline
Drone Delivery Canada Corp.
Flirtey
Hardis Groupe, SAS
Volocopter
Cheetah Logistic Technology
PINC Applications Corp.
Workhorse Group Inc.
Infinium Robotics
Who should buy this report?
The North America 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 North America Drone Logistics & Transportation Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
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Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
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