The European Market for Drone Logistics & Transportation -
The European Market for Drone Logistics & Transportation - Forecast to 2027: Anticipated to Grow at a CAGR of 61% - ResearchAndMarkets.com
DUBLIN — (BUSINESS WIRE) — April 11, 2019 — The "Europe Drone Logistics & Transportation Market to 2027 - Regional Analysis and Forecasts by Type; Application; and End User" report has been added to ResearchAndMarkets.com's offering.
The Europe Drone Logistics & Transportation market accounted for US$ 7.54 Mn in 2018 and is expected to grow at a CAGR of 61% over the forecast period 2019-2027, to account for US$ 510.87 Mn in 2027.
Factors including increasing developments in the e-commerce sector and rising acceptance due to various benefits offered owing to various benefits offered are significantly driving the drone logistics & transportation market. However, shortage of drone operators in developing regions are impeding the market growth. Mounting demand of rural deliveries is opportunistic for the growth of the market.
The potential of drones is evident in the places with poor infrastructure or challenging geographies like an island. Disaster recovery, medical supplies, and other applications witness significant growth potential. Drone delivery is the ultimate solution for last-mile connectivity in the rural areas.
The drone logistics & transportation market is fragmented with the presence of several industries and the...