The Worldwide Drone Logistics Industry is Expected to Reach $53.3 Billion by 2031
DUBLIN, Dec. 8, 2022 /PRNewswire/ — The “Drone logistics Market By Component, By Application, By End-Use: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.
According to this report the drone logistics market was valued at $8.20 billion in 2021, and is estimated to reach $53.32 billion by 2031, growing at a CAGR of 20.8% from 2022 to 2031.
Use of drones for logistics services provide several benefits such as reduction in distribution costs, faster deliveries as well as reduction in urban traffic and CO2 emissions. Drones are also helpful in manufacturing, warehousing, and distribution facilities. Moreover, they are also used in mining, prospecting, and land surveying applications.
Development and deployment of drones for sending and receiving packages along with autonomous freight trains and unmanned heavy-lift freight airplanes has been observed. For instance, in April 2021, Slovenian aerospace company…