Drone Logistics and Transportation Market projected to reach $29.06 Billion by 2027
Drone Logistics and Transportation Market by Solution (Warehousing, Shipping, Infrastructure, Software), Sector (Commercial, Military), Drone (Freight Drones, Passenger Drones, Ambulance Drones), and Region - Global Forecast to 2027.
(EMAILWIRE.COM, August 22, 2018 ) This report provides a detailed analysis of the drone logistics and transportation market from 2022 to 2027. It discusses industry and technological trends prevailing in the market and examines factors that are expected to drive or challenge the growth of the drone logistics and drone transportation market in the near future. The drone logistics and transportation market is estimated to be USD 11.20 billion in 2022 and is projected to reach USD 29.06 billion by 2027, at a CAGR of 21.01% from 2022 to 2027. Increasing investments for the commercialization of drones in the logistics and drone transportation industry are expected to drive the drone logistics and drone transportation market.
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The drone logistics and drone transportation market in the North American region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the increasing research and development activities toward the use of drones in the logistics and transportation industry. Infrastructure and software solutions are being developed to enable the use of drones in the delivery and transportation industry. The relaxation of restrictions on the commercial use of drones is expected to fuel the growth of the drone logistics and drone transportation market.
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