Drone Package Delivery Market Description
An unmanned aerial delivery for goods such as food items, medical supplies, and other goods is entitled as drone delivery. Delivery drones are generally self-driven engines which are controlled by a ground-based remote. On November 2020, the FAA (Federation of Aviation Administration) laid a proposal of aerial delivery through drones for commercial purpose. With leading player such as Zipline, Wingcopter, and Amazon Prime Air running in forefront.
Drone Package Delivery Market Overview
The Global Drone Package Delivery Market is expected to observe an extensive expansion with a CAGR of 9.69% during the forecasted period of 2021 to 2030. According to market professionals, the global drone package delivery market is expected to witness a noteworthy growth by 2030. The global drone package delivery market is poised to expand to USD 5,556 million by the end of 2030 which was earlier cherished at USD 228 million in 2022.
The unmanned aerial drones have proved to be valuable for many delivery purposes such as transporting medicinal products. Such medicinal products include blood bottles, vaccines, tablets etc. these drones are also getting popularity as they are a perfect alternative for avoiding congestion and traffic issues for transporting products. With this advancement in logistics, the cargo and transportation organisations are predominately adopting this means for delivering goods with speed. The drones also have been helpful for delivering goods especially medicinal goods in remote areas where local means of transport cannot be reached. With its ability to fly high, at top speed without causing traffic congestion along with effortless take-off and landing is gaining huge traction. Furthermore, higher investments by food delivery aggregators and ecommerce companies are propelling the market.
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Besides, integration of enhanced technologies such as AI (Artificial Intelligence), ML (Machine Learning) and IoT (Internet of Things) in aerodynamics is also proving to be a lucrative opportunity.
Several logistics and transportation companies are making heavy investment in building efficient infrastructure for aerial delivery through drones. The aerial drone delivery has proved to be an innovative transportation system and has been gaining heavy traction since its inception. Due to its ability of high accuracy, accelerated delivery time, minimal human intervention in supply chain is also one of the reasons to boost the market growth.
Market Segmentation
The global drone package delivery market is segmented into Duration, Package Size, Range, Type, End-User
Duration
The market is further segmented on Duration as
- Long Duration (>30 Minutes)
- Short Duration (<30 Minutes)
Package Size
The market is further segmented on Package Size as
- <2 Kilograms
- 2-5 Kilograms
- >5 kilograms
The < 2 Kilograms section is anticipated to dominate the market during the forecasted period reason being its light weightiness.
Range
The market is further segmented on Range as
- Long Range (>25 Kilometres)
- Short Range (<25 Kilometres)
Type
The market is further segmented on Type as
- Rotary Wing
- Fixed Wing
- Hybrid
The Hybrid section is anticipated to dominate the market during the forecasted period.
End-User
The market is further segmented on End-User as
- E-commerce
- Healthcare
- Food and Beverages
- Postal Services
- Others
Geographical Analysis
On the basis of regions, the market covers major five countries such as North America, Europe, Asia-pacific, South America, Middle East and Africa. Among these, North American market is marked as dominant region and is expected to register highest CAGR during the predicted timeline reason being growing traction for online shopping on e-commerce platforms and favorable regulations of FAA in U.S.
Market Key players
Key players are considered to be the pillars of market. The key players comprise of investors and intermediaries. The global drone package delivery is highly competitive and has witnessed growing competition between vendors. The primary market players are focusing on the development of global drone package delivery market.
Some of the leading market player includes Amazon Inc., Airbus SE, DHL International GmBH (Deutsche Post AG), Drone Delivery Canada Corp., Flirtey, Flytrex, Matternet Inc., Rakuten, Inc., Skycart Inc., United Parcel Service of America Inc., Workhorse Group Inc., and Zipline.
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