The global drone logistics market was valued USD 8.25 billion in 2021 and is expected to rise to USD 53 billion by 2028 at a CAGR of 20.75%.
FrequentlyAsked Questions
The global drone logistics market is projected to grow owing to the increasing traffic that can be witnessed across the globe. The growing population, increasing use of private vehicles for transport, rising automobile industry, and change in lifestyle with an increased standard of living are some of the factors why time spent in traffic has been on a constant rise in the last couple of years.
According to study, the global drone logistics market size was worth around USD 8.25 billion in 2021 and is predicted to grow to around USD 53 billion by 2028 with a compound annual growth rate (CAGR) of roughly 20.75% between 2022 and 2028.
The global drone logistics market is projected to witness the highest CAGR in North America. The US is expected to lead with the highest regional market share owing to the advanced economy and technology-driven approach of businesses. The US has been at the forefront of adopting advanced systems to automate as many processes as possible.
The global drone logistics market is dominated by players like Hardis Group, PINC Solutions, Flytrex Inc., United Parcel Service of America, Inc., Deutsche Post DHL Group Amazon.com, Inc., Zipline International Inc., FedEx Corporation, Workhorse Group Incorporated, Infinium Robotics, Wingcopter GmbH, and Drone Delivery Canada to name a few.
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