Global Drone Transportation Set for Huge Boom

Global Drone Transportation Set for Huge Boom

New report predicts massive growth in drone logistics

A new research paper entitled ‘Global Drone Logistics and Transportation Market Report 2018’ from HTF Market Intelligence is predicting a huge increase in drone based logistics worldwide.

The study covers the major regions of the globe and analyses developments in the Middle East, North America, South America, Asia, and Europe.

Research also outlines the following companies as the key players driving change: Matternet, Workhorse Group, Skycart, Skysense, Zipline, Flirtey, and Flytrex.

With the slowdown in world economic growth, the drone logistics and transportation industry has also suffered to a certain degree, but has still maintained a relatively optimistic growth since 2014.

Watch: Taxi & Cargo Drones Set for Dubai

Drone logistics has been moving at an average annual growth rate of 21.61% from US$2,380 million in 2014 to $4,280 million in 2017.

HTF analysts believe that in the next few years the market size will reach around $10 billion.

Read more: APMT Introduces Drones at its Terminals

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Transport and Logistics ME