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Drone Logistics & Transportation Market Trends

  • Report ID: GMI10154
  • Published Date: Jul 2024
  • Report Format: PDF

Drone Logistics & Transportation Market Trends

Integration of Artificial Intelligence (AI) and Machine Learning (ML) with drones unlocks a new level of autonomy & efficiency. AI algorithms empower drones to analyze data from onboard sensors such as cameras & LiDAR, enabling them to perceive their surroundings, navigate obstacles, and even make real-time decisions. This translates to drones that can fly autonomously, perform complex tasks such as inspections or deliveries without human intervention, and continuously improve their performance through ML.
 

Drones-as-a-Service (DaaS) is a booming trend that allows businesses to leverage the power of drones without the hefty upfront expenses of purchasing, maintaining, and operating them independently. DaaS providers handle everything from drone expertise & pilot training to flight operations & data analysis. This makes drone technology accessible to a wider range of companies, enabling them to benefit from applications such as aerial inspections, precision agriculture, and rapid deliveries.

 

Drone technology is used for direct delivery of pathology samples from local medical or pathology centers to hospitals and testing laboratories. Electric vans are the most cost-effective option for transporting pathology tests from clinics to hospitals and testing facilities. It is estimated that a single drone operator can replace two couriers, offering substantial savings in labor costs. Pathology drone deliveries also present a cost reduction of USD 4.50 per delivery and can achieve delivery times as fast as 15 minutes, compared to 42 minutes for electric vans.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of drone logistics & transportation reached USD 972.8 million in 2023 and is set to witness 45.1% CAGR from 2024 to 2032, owing to being increasingly used for first mile and last-mile deliveries worldwide.

Drone logistics and transportation industry from the software segment is expected to reach over USD 13.3 billion by 2032, due to rapid advancements in software, particularly in areas such as autonomous navigation, real-time data analytics, and AI-driven decision-making.

The U.S. market dominated the market through 2024-2032, attributed to government encouraging the drone usage for agricultural purposes, especially for precision agriculture, where drone is used for accurate calculations of demand of pesticides in the region.

Zipline, Matternet, Wing, PINC Solutions, CANA Advisors, Drone Delivery Canada, and DroneScan, are some of the major drone logistics & transportation companies worldwide.

Drone Logistics & Transportation Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 247
  • Countries covered: 21
  • Pages: 200
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