Drone Logistics and Transportation Market Global Market Opportunity Assessment Study 2024

1. Drone Logistics and Transportation Markets Global Industry Analysis, Competitive Insight and Key Drivers; Research Report 2019: 2024 The Global Drone Logistics and Transportation Market are estimated to reach USD 29.3 Billion by 2024 at a CAGR of 19.7 %, says forencis research (FSR). A drone is an unmanned aircraft operated remotely by a human operator or autonomously based on preprogrammed plans. For modern logistics, drones can bring change in the supply chain and deliver products in a matter of hours. In transport and logistics, drones are helpful as they reduce human workload, CO2 emissions, and can provide access in the difficult to reach areas. Drones are one of the fastest ways for postal delivery as it uses air medium and avoids surface congestion and are more convenient as it minimizes labor cost. Due to these advantages, it is used for transporting medicines, food packages, parcels, and also capable of making an inventory in the logistics warehouse. Ask for The Report Sample PDF Here: https://www.forencisresearch.com/drone-logistics- and-transportation-market-sample-pdf/ Drone Logistics and Transportation Market: Drivers & Restraints Market Drivers: Rise in Demand for Faster Deliveries The demand for faster deliveries across the globe is rising. With this higher demand, it is difficult to reach remote areas with traditional methods of logistics and urban areas are most

2. of the time congested. Drones possess the ability to resolve this issue as it uses air route which is not congested and it can deliver the products at a faster pace, which is driving the growth of drone logistics and transportation market. Rise in Adoption of Drones to Boost Transportation in Challenging Areas Drones have become a lifesaving technology that helps in supplying various products such as medicines, food packages, parcel to remote areas without using the road. Instead of roadways, it uses air route as a medium which avoids traffic congestion, which is an advantage for transporting goods in the hard to access areas. The use of a drone for transporting lifesaving products in challenging and critical to access areas is anticipated to push the market growth. For instance, in 2018, DHL launched the world’s 1st drone delivery service to deliver life-saving medicine to a rural island in Tanzania. Market Restraints: Issue with Battery life The drone is being adopted at a faster pace owing to its advantages. However, the short battery life of drones which can easily drain within a few minutes’ acts as a roadblock for the growth of this market. Due to this, there exist a high possibility that the drones can run their battery while delivering the product. This situation would give rise to customer complaints and hamper the market growth. To drag this further, Amazon, an online retailer committed to delivering the product through drones in less than 30 minutes owing to the short battery life of drones. Drone Logistics and Transportation Market: Key Segments Key Segments by Type: Freight Drones, Passenger Drones and Ambulance Drones Key Segments by Application: Warehouse Facilities, Construction Site, Health Care, Postal Deliveries, Defense & Military, Disaster Recovery, and Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.  Request https://www.forencisresearch.com/drone-logistics-and-transportation-market-request- methodology/ Report Methodology On Competition On Global Market Here: Drone Logistics and Transportation: Report Segmentation For the scope of report, In-depth segmentation is offered by Forencis Research Drone Logistics and Transportation Market, by Type Freight Drones Passenger Drones Ambulance Drones

3. Drone Logistics and Transportation Market, by Application Warehouse Facilities Construction Site Health Care Postal Deliveries Defence & Military Others Drone Logistics and Transportation Market, by Region Asia-Pacific China India Japan South Korea Australia Rest of Asia-Pacific North America US Canada Mexico Europe Germany UK France Italy Spain Rest of Europe Middle East & Africa Saudi Arabia UAE Rest of Middle East & Africa South America Brazil Argentina Rest of South America

4. Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/drone-logistics-and-transportation-market-purchase- now/ About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email: info@forencisresearch.com For more market research insights, please visit : https://www.forencisresearch.com