On the basis of the solution, the drone logistics and transportation market are subdivided into shipping solution, traffic management, software, warehousing & distribution, and infrastructure. Of all the solutions, the shipping solution segment is anticipated to grow at the fastest rate in the market due to mounting investment in the R&D of drones for package delivery.
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On the basis of the sector, the market is subdivided into commercial and military. A large number of deliveries in the logistics industry, and e-commerce sector, and mounting interest in the usage of unmanned aerial vehicles for the delivery of packages such as inventory management, delivery of medical supplies, food delivery, inventory tracking, and parcel delivery are the major factors growing the demand for drones in commercial sector.
Technological advancements such as blockchain, wireless charging, sense and avoid system, automated ground control stations, artificial intelligence, cloud computing, and the Internet of Things (IoT) are the trends in the drone logistics and transportation market.
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.
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.
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Key players in the drone logistics and transportation market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
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
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