Drones are the equipment capable of making an inventory in a logistics warehouse, transporting goods by air or carrying out security tasks. Rise in usage of unmanned aerial vehicles (UAVs) in various business applications for quicker delivery of commodities fuel the development of the global drone logistics and transportation market. Surging trend of e-commerce trade is also boosting the demand in the drone logistics and transportation market. Simple regulations regarding the usage of drones with respect to commercial usage also helps in uplifting the growth of the drone logistics and transportation market during the forecast period.
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The key players analyzed in the report include PINC Solutions, CANA Advisors, Drone Delivery Canada, Drone Scan, Hardis Group, Infinium Robotics, Matternet, and Workhorse Group.
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Top impacting factors: Market scenario analysis, trends, drivers and impact analysis
The significant factors impacting the growth of the drone logistics market are increasing use of drones in commercial and military applications and exemptions by federal aviation administration to contribute in the market growth. However, issues related to battery life and bandwidth and the lack of trained and skilled personnel might hamper the growth of automotive drone logistics market. On the other hand, the growing adoption of technologies such as block chain and wireless charging provides lucrative growth opportunities to players in the drone logistics and transportation market.
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Increase in use of drones in commercial and military applications
Usage of drones for several commercial and military applications has increased the demand for drones. Major examples of these comprise inventory management, inventory tracking, food delivery, medical supplies delivery, border surveillance, and parcel delivery. Thus, driving the growth of the drone logistics market in near future.
Exemptions by federal aviation administration to contribute in market growth
Some of the exceptions by Federal Aviation Administration enables the usage of drones in several industries. Increasing usage of drones result in pumping up the growth of the drone logistics and transportation market all over the world in coming years.
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