The global drone logistics and transportation market accounted to US$ 24.58 Mn in 2018 and is expected to grow at a CAGR of 60.6% during the forecast period 2019 - 2027, to account to US$ 1,626.98 Mn by 2027.
North America was the leading geographic market and it is anticipated to be the highest revenue contributor throughout the forecast period. Logistics sector is growing at a rapid rate driven by high demand in healthcare and other industries. Therefore, the companies are taking related initiatives to further enhance the scope of delivery using drones to optimize time, cost and speed delivery of parcels across the region.
Exhibit: Lucrative Regional Markets