Market Size of Drone Logistics and Transportation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 15.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Drone Logistics and Transportation Market Analysis
The drone logistics and transportation market is projected to register a CAGR of over 15% during the forecast period (2022-2027).
The COVID-19 outbreak has proven to be a boon for the drone industry. Drones are now being used for several innovative applications to limit physical contact among people and disinfect facilities. As the world reeled from the imposed lockdowns, drone deliveries skyrocketed as critical medical supplies were delivered to health facilities without violating the norms of the lockdown.
Although the drone delivery industry is still young, it has witnessed consolidation activities and major investments. Over the years, investments in drone startups have grown strongly. Delivery drone companies are also experiencing a downpour of investments from major conglomerates and venture capitalists. These investments are projected to fuel the growth and expansion of the players, thereby making the market more competitive and boosting the R&D in various technologies related to delivery drones.
