Drone Logistics and Transportation Market

New Service Launches, and Research & Development (R&D) Activities to Further Expand their Presence in the Drone Logistics and Transportation Market

The drone logistics and transportation market is projected to grow from USD 534 million in 2022 to USD 17,881 million by 2030, at a CAGR of 55.1% from 2022 to 2030. Development of delivery drones for use in geographically challenging areas, and Incorporation of IoT in ecosystem of delivery drones are some of the factors fueling the growth of the market.

Alphabet, Inc (US) offers autonomous, lightweight delivery drones offering on-demand service delivering medicines, library books, food, and groceries to customers in Australia, Finaland, and the US. In February 2022, Alphabet, Inc. (US) partenered with Kentucky Fried Chicken in Australia to deliver food items to homes and workplaces in Logan, Queensland.

Alphabet Inc. (US), Hardis Group (France), Zipline (US), Volocopter GmbH (Germany), and Textron Inc (US), the leading players operating in the Drone logistics and transportation market. These players have adopted various growth strategies such as contracts, agreements, acquisitions, expansions, new product launches, partnerships & certifications, investments, venture capital funding, new service launches, and research & development (R&D) activities to further expand their presence in the Drone logistics and transportation market.

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Alphabet Inc (Alphabet) is a US-based holding company, with Google as a wholly owned subsidiary. Google generates 99% of Alphabets revenue, of which more than 85% is from online ads. Googles other revenue comes from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to revenue. Wing Aviation LLC is a subsidiary of Alphabet Inc. that offers autonomous drones for on-demand delivery of food, medicines, and other items to increase access to goods, reduce traffic congestion in cities, and help ease CO2 emissions attributable to the transportation of goods. It has developed an unmanned traffic management system that allows unmanned aircraft to navigate around other drones, manned aircraft, and other obstacles like trees, buildings, and power lines, thus offering faster and safer services. The company currently provides its services in the US, Australia, and Finland

Hardis Group, with 1,200 employees as of 2022, provides services in cloud solutions, integration, digital transformation, and consulting. As a software publisher, software vendor, and consulting company. It provides solutions such as real-time digital twins of warehouses, stores, and factories, logistics management software such as Reflex, a comprehensive inventory of drone solutions known as Eyesee, the Adelia studio development platform, and open-source applications for backing up IT infrastructure configurations. The Eyesee is an inventory management drone that flies around the warehouse, store, or factory and captures information from the relevant labels of boxes. It uses a tablet and back-office application along with the drone. The purpose of the tablet application is to provide real-time data to the operator and interact with the drone. The purpose of the back-end application is to configure and interact with other applications such as warehouse management systems (WMS) or enterprise resource planning and also help in administration purposes.

Zipline is engaged in the design, manufacture, and operation of aerial drones for delivery applications. The company uses drones to deliver essential medical products, such as blood and animal vaccines, to hard-to-reach communities. It has a flight-testing center in Davis, California, while its delivery drones are assembled at its facility in South San Francisco, California. The company is supported by leading investors such as Sequoia Capital (US), A16Z, GV (US), Temasek (Singapore), TPG (US), Baillie Gifford (UK), and Katalyst Ventures (US). As of February 2021, Zipline had made 111,779 commercial deliveries.

Volocopter GmbH had 500 employees across Bruchsal, Munich, and Singapore and raised equity of USD 579 million until December 2021. The company designed its first manned electric multicoptor in 2011, followed by testing of the worlds first autonomous eVTOL in Dubai in 2017. After its successful product launch for infrastructure and air taxis, Volocopter is now focusing on manufacturing the Volodrone for the logistics and agriculture space. Volocopter divides its business across four solutions, namely VoloCity, Voloport, Volodrone, and VoloIQ. VoloCity is a fully electric multirotor air taxi used to connect transport hubs such as main stations and airports. It is a convenient, emission-free, and fast mode of transport. Voloports are used for the take-off and landing of eVTOL aircraft and are positioned at busy traffic junctions such as airports and train stations. A Volodrone is an unmanned, fully electric drone useful for carrying loads; these drones are currently deployed at construction and agricultural sites. VoloIQ is the companys wholly owned software platform useful for determining current weather conditions, locations, and booking of eVTOL

Textron Inc. is a multi-business company that had approximately 35,000 employees worldwide as of December 2021. The company operates under five main segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. 74% of its customers are commercial, while 26% is accounted for by the US government. Textron Aviation, Bell, Textron Systems, and Industrial are the manufacturing segment of Textron Inc. Textron Aviation manufactures airborne solutions and offers services related to general aviation.

The Bell segment comprises military helicopters, tiltrotor aircraft, commercial helicopters, and services and spare parts related to these products. The Textron Systems segment offers products and services such as unmanned aircraft systems, piston aircraft engines, electronics systems, advanced marine aircraft, live training for military air-to-air and air-to-ship weapons, and other related components.

Related Reports:

Drone Logistics and Transportation Market by Solution (System, Software and Infrastructure), Platform (Freight Drone, Passenger Drone and Air Ambulance Drone), Application (Logistics and Transportation), Range, User - Global Forecast to 2027

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Drone Logistics and Transportation Market Size,  Share & Growth Report
Report Code
AS 6304
RI Published ON
8/3/2022
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