North America to Hold a Lion’s Share in Global Drone Logistics Market Due To Surge in Demand from Military Sector

Published On : 04 Sep 2018

Drone logistics market is prognosticated to witness a surge in demand during the forecast period all across the world. Logistics market which is evolving every minute with the advent of technology has seen several changes, making it more efficient and user friendly. From door to door pickup to sending products across the ocean, the logistic market has proved be one of the steady rising market throughout the world.  Logistics market is directly associated to the development of international trade flow accompanied with the current economic trade. 

Logistics market is known to rely more on door to door delivery with the help of roadways. Apart from roadways, airways has also seen a demand. Use of aircraft for delivering heavy products within few hours across countries is promoting the growth of airways logistics market. Drones have significantly made its presence in the logistics market. Drones which were used for capturing footages of places where one cannot go physically is now been used for carrying various kinds of goods. Though there are few companies which are using drones for carrying products, the popularity of using this has heightened, as it known to shorten the time taken for delivering a product, and is also cost effective.

Demand for Faster Delivery Option Has Bolstered the Market Growth

Rapid urbanization accompanied with change in lifestyle has aided to the rise in demand for faster delivery of goods, which is known to have created a lucrative opportunity for numerous organizations at different value chain. Surge in use of drones in different industries accompanied with increasing in need for sophisticated industry-specific analytical solutions are some of the leading factors that is promoting the growth of the global drone logistics market. Drones are designed in such a way that it can be used for transporting goods of various range, medical supplies, foods, small packages, and others. Use of drone to supply food in various flood affected areas across the world has received lot of appreciation.

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Commercialization of Drones by Venture Capitalists to Promote the Growth of Global Drone Logistics Market

It has been noticed that lot of investments have been seen the market by giant capitalists in order to commercialize the industry. Biggies like Google, Walmart, and Amazon are known to have focused in research and development activities to commercialize drone used for delivery. Recently, Mercedes Benz Vans paired up with e-commerce startup siroop, and Matternet, leading player in drone logistics market to demonstrate a live audience by showing a coffee delivery by using siroop as a platform. In the other hand, UAE is likely to see the use of drones for transferring governmental documents to its holder for example the delivery of a driving license or a passbook. Factors like restrictions of drones on several areas and delivery authentication accompanied with cyber security problems are expected to deter the growth of the market. However, North America is likely to hold the major share due to the rise in demand for UAV from commercial countries like Canada and USA and from military sectors.  Some of the major players in the market are Hardis Group, Drone Delivery Canada, Matternet, Airmap, and PINC Solutions.

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