Commercial drone technology is developing rapidly and could potentially transform global supply chains for many goods and services.
Commercial drone revenue is on track to outpace that of military drones by 2025.Companies are testing their fleets by delivering essential supplies in emerging markets.Emerging markets are capitalising on commercial drone technology to overcome logistics challenges and revolutionise supply chains for many goods and services, with expected benefits for last-mile delivery.
The Asia-Pacific region is the fastest-growing market for drones − thanks in part to China’s active drone industry and India’s push to become a global leader in drone manufacturing – and is expected to see a 15% CAGR in the 2023-30 period.While North America represented the largest market for commercial drones in 2021, developed markets have faced challenges in setting up comprehensive drone delivery networks, amid concerns over safety, efficacy and regulation.
In many cases, drone fleets are more cost-effective than existing vehicle-based networks – especially in the case of last-mile delivery, the final leg of the delivery process that accounts for up to 50% of logistics costs, according to the World Economic Forum. Some companies are experimenting with new renewable fuels to power their fleets. Earlier this month, Germany’s Wingcopter announced a research partnership with the ZAL Center of Applied Aeronautical Research to refit its battery-powered Wingcopter 198 drones with an emissions-free propulsion system powered by green hydrogen.
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