Beijing (PingWest)—ResearchAndMarkets.com has released the "Drone Logistics and Transportation Market - Growth, Trends, and Forecast (2019 - 2024)" report.
According to the report, the drone logistics and transportation market are expected to register a CAGR of over 20% during the forecast period.
Asia-Pacific region is expected to have the highest growth in the market studied during the forecast period. This is mainly due to the investments by the Chinese and Indian companies into drone delivery technology.
JD.com, a Chinese e-commerce company headquartered in Beijing has been making commercial drone deliveries in four selected regions scattered across China since June 2016. The company announced its plans to build 150 drone launch facilities in southwestern Sichuan province for UAV parcel delivery by the end of 2020. The company also plans to introduce such services in Indonesia and Japan.