The North America drone logistics & transportation market accounted for US$ 10.40 Mn in 2018 and is expected to grow at a CAGR of 55.67% over the forecast period 20192027, to account for US$ 525.35 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 concept of ultra-fast deliveries could be spread beyond the cities with the help of last-mile connectivity.
