A delivery drone is a form of unmanned aerial vehicle (UAV) used to quickly transport food, gifts, medicines, and other items. Its primary components are four to eight propellers and rechargeable batteries that provide thrust and deliver items beneath the drone’s body. Delivery drones are piloted and monitored remotely from a ground control station that can pilot and monitor multiple drones at the same time. These drones can easily manoeuvre in remote places, saving time and money over traditional distribution methods.
Drone Package Delivery Market Report Scope:
The Drone Package Delivery market has been analysed at regional and country levels. The segment-wise and region-wise analysis of the Drone Package Delivery market dynamics including drivers, restraints, challenges and opportunities has been provided in the report. This detailed analysis of the market makes the report an investor’s guide.
A bottom-up approach has been used to estimate the Drone Package Delivery market size. Key Players in the Drone Package Delivery market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and Drone Package Delivery industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Drone Package Delivery key players in the industry.
Drone Package Delivery Market Report Overview:
The new market intelligence report published by research firm, Stellar Market Research, indicates the lucrative growth for Drone Package Delivery Market suppliers in the forecast period through 2029. The Drone Package Delivery Market report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the market.
Drone Package Delivery Market size was valued at US$ 536.8 Mn. in 2020. The global Drone Package Delivery Market is estimated to grow at a CAGR of 51.6% over the forecast period.
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Drone Package Delivery Market Regional Analysis:
Government initiatives in the sector and regulations drive the Drone Package Delivery Market growth in the region. The Drone Package Delivery market report includes a geographic condition of the market, market size and share as well as in-depth research into the business network structure, opportunities, and news updates. The report includes all the regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Drone Package Delivery Market Segmentation:
The Drone Package Delivery Market is divided into three categories: 2KG, 2-5KG, and >5KG. In 2020, the 2KG Package Size segment had 49% of the market. The 2-kilogram package size sector is likely to drive segment growth over the forecast period, owing to increased demand for lightweight retail goods shipments around the world.
The Drone Package Delivery Market is divided into three types: fixed-wing, multirotor, and hybrid. Last year, the Hybrid Type segment grew by 9.6% year on year. Drone manufacturers throughout the world are focusing on the development of drones for use in delivering packages within city limits, as well as drone technology advancements. As capabilities like vertical landing and AI-based collision avoidance become more popular, the market for hybrid drones is projected to rise. Amazon.com, Inc., for example, unveiled the Prime Air delivery drone in June 2019, a hybrid capable of delivering packages weighing up to 3 kilos to clients within a 25-kilometer range in 30 minutes.
The Drone Package Delivery Market is classified by End Use as Medical and Healthcare, Retails, Industrial, Agriculture, Defence, and Others. In 2020, Medical and Healthcare held a significant market share of 26%. Drones have been used to carry medicines and medical equipment both within and outside of facilities in the medical and healthcare industries. These drones pick up and distribute medications from pharmacies and laboratories, enhancing hospital labour productivity. The coronavirus outbreak has put a strain on healthcare systems worldwide. The virus has raised demand for laboratory testing, as well as an urgent need for personal protective equipment and technology that allows patients with milder symptoms to be remotely monitored.
Drone Package Delivery Market Key Players:
Amazon Inc. (Seattle, Washington, U.S.)
FedEx (Memphis, Tennessee, U.S.)
UPS Flight Forward Inc. (Atlanta, Georgia, U.S.)
Deutsche Post DHL Group (Bonn, Germany)
Matternet Inc. (Mountain View, California, U.S.)
Zipline Inc. (South San Francisco, California, U.S.)
Flirtey Holdings Inc. (Reno, Nevada, U.S.)
Drone Delivery Canada Corp. (Vaughan, Ontario, Canada)
Flytrex Aviation Ltd. (Tel Aviv, Israel)
Workhorse Group Inc. (Loveland, Ohio, U.S.)
Wing Aviation LLC (Mountain View, California, U.S.)
Skycart Inc. (San Jose, California, U.S.)
Altitude Angel Limited (Reading, U.K.)
Manna Drones Inc. (Dublin, Ireland)
Wingcopter GmbH (Darmstadt, Hessen, Germany)
Volansi Inc. (Concord, California, U.S.)
Swoop Aero Pty. Ltd. (Docklands, Victoria, Australia)
Key Questions answered in the Drone Package Delivery Market Report are:
- What is Drone Package Delivery Market?
- What is the forecast period of the Drone Package Delivery Market?
- What are the Drone Package Delivery market segments?
- Which segment held the largest Drone Package Delivery market share?
- What will be the CAGR of the Drone Package Delivery market during the forecast period?
- What is the competitive scenario of the Drone Package Delivery market?
- What are the opportunities for the Drone Package Delivery Market?
- What are the factors restraining the Drone Package Delivery market growth?
- Which region held the largest market share in the Drone Package Delivery Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of segments and sub-segments
- Competitive Landscape- Leading key players and other prominent key players.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
Contact Stellar Market Research
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