Oxford Business Group
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia…
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Commercial Drones Poised To Disrupt Global Supply Chains
- Commercial drone revenue is on track to outpace that of military drones by 2025.
- Regulatory and safety concerns have slowed rollout in developed markets.
- Companies are testing their fleets by delivering essential supplies in emerging markets.
- Partnerships with e-commerce firms could make instant delivery a reality.
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.
While unmanned aerial vehicles (UAVs) are often associated with military usage, commercial UAV usage has grown substantially in recent years as e-commerce and logistics companies increasingly look to drones to enable more efficient delivery.
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Research firm GlobalData predicts that commercial drones will replace military drones as the largest revenue contributor to the drone market by 2025.
The world’s commercial drone market is set to grow at a compound annual growth rate (CAGR) of 34.5% over the next five years, according to a February 2023 report from market consultancy KBV Research, and is expected to reach $167bn in value by 2028.
