Drones are used to transfer an extensive range of products, such as small packages, medical supplies and food, and others, due to speedy delivery and its benefits over on-road deliveries. It is increasingly used for border surveillance. Moreover, military forces are also exploiting the usage of drones to resupply soldiers with equipment, spares, food, and ammunition on the battlefield.

Need for quicker delivery of goods, the mounting requirement for sophisticated industry-specific analytical solutions, reduction of strict restrictions on the usage of drones for commercial reasons, and escalating investments in the drone delivery market are the primary growth drivers for drone logistics and transportation market.

Opportunities for vendors at different levels of the value chain, usage of drones for cargo delivery in military operations, and drone delivery services in geologically challenging areas are also facilitating the growth for the drone logistics and transportation market.

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Concerns of bandwidth and battery life, restrictions on the commercial usage of drones, issues related to delivery authentication and cybersecurity, concerns concerning safety during travel and package drop, and lack of trained and skilled personnel are the major challenges for the growth of drone logistics and transportation market.

Geographically, Asia-Pacific accounted the largest share in the market, due to mounting defense expenditure and reduction of strict restrictions on the usage of drones for commercial reasons. North America is observed to witness the fastest growth in the market, due to mounting acceptance of drones for package delivery by companies such as Amazon and Google. In addition, the upsurge in military budgets and high need for UAVs from the commercial and military sectors of countries are also facilitating the growth of the North American market.

Key players in the drone logistics and transportation market are catering to the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In November 2016, Flirtey and Domino's Pizza Enterprises Ltd began independent distribution of pizzas from Domino's stores to exclusive customer homes. Pinc Solutions, Dronescan, Matternet, Cana Advisors, Flirtey, Infinium Robotics, Zipline, Drone Delivery Canada, Hardis Group, Flytrex, Skycart, and Skysense are the key players offering drone logistics and transportation.

Source: VynZ Research