The adoption of driverless vehicles and drones are performing a significant role in the growth of the global market. Logistics automation is an application of automation software that helps the enterprises in improving the effectiveness of logistics procedures.

On the basis of component, the logistics automation market is segmented into transportation management and warehouse & storage management.

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On the basis of vertical, the market is segmented into manufacturing, pharmaceuticals & healthcare, retail & e-commerce, aerospace & defense, logistics & transportation, chemicals, food & beverage, oil, gas, & energy, automotive and others.

Increasing acceptance of IoT technology is helping the business enterprises to generate, store, process and share a huge amount of data with other connected devices such as radio frequency identification (RFID), sensors and gateway.

The major factors that are driving the growth of the logistics automation market include extensive growth in the e-commerce industry along with advancements in the field of robotics.

Geographically, logistics automation market in North America contribute the largest revenue, globally and is further expected to witness high growth during the forecast period.

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The logistics automation market is fragmented and the key players operating in this market includes Dematic Corporation, Murata Machinery, Ltd., Daifuku Co., Ltd., SSI Schaefer AG, Mecalux, S.A., VITRONIC, BEUMER Group, Toshiba Logistics Corporation, Honeywell Intelligrated, Inc., Swisslog Holding AG,KNAPP AG, TGW Logistics Group GmbH, Jungheinrich AG, WiseTech Global Limited, Falcon Autotech, System Logistics Spa, Matternet Inc., Pcdata BV, and JBT Corporation.

Source: VynZ Research