The global drone package delivery market size is projected to reach USD 31,188.7 million by the end of 2028. the market was worth USD 1,522.4 million in 2021 and will exhibit a CAGR of 53.94% during the forecast period, 2021-2028. Widespread deployment of drones to deliver medical and food supplies amid the COVID-19 pandemic is expected to aid the market make substantial gains, observes Fortune Business Insights™ in its report, titled “Drone Package Delivery Market Size, Share & Industry Analysis, By Type (Fixed Wing and Rotary Wing), By Package Size (Less Than 2 Kg, 2-5 Kg, and above 5 Kg), By End-Use (Restaurant & Food Supply, E-commerce, Healthcare, Retail Logistics & Transportation and others), and Regional Forecast, 2020-2027”.
In response, several drone service companies have risen to the occasion and are supporting government efforts to provide aid to distressed areas. For example, the drone company, Zipline, has been delivering critical medical supplies to clinics in Ghana and Rwanda in Africa during the pandemic period. In Canada, Drone Delivery Canada will be deploying its multi-rotor drone, Sparrow, to provide COVID-19 cargo to the Beausoleil First Nation Community in Ontario. Similarly, in China, JD Logistics utilized drones to deliver commercial and medical cargo in the Hubei and Wuhan provinces. The COVID-19 pandemic has, therefore, given a booster shot to this market, escalating the adoption of unmanned aerial systems worldwide.
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List of Key Companies Profiled in the Drone Package Delivery Market Report –
- DroneScan (South Africa)
- Cheetah Logistics Technology (US)
- Flytrex (Israel)
- Flirtey (US)
- Matternet, Inc. (US)
- Boeing (US)
- Amazon Inc. (US)
- Wing Aviation LLC (US)
- Workhorse Group Inc. (US)
- Drone Delivery Canada Corp. (Canada)
- Zipline (US)
- DHL International GmbH (Germany)
- United Parcel Service of America, Inc. (US)
- FedEx (US)
The emergence of Drone Startups in Logistics to Augment Market Potential
The growing demand for enhancing the efficiency of logistics operations has triggered a sudden emergence of startups specializing in drone technologies to cater to these needs. For example, drones can, a South Africa-based startup designs drones that transmit live data of scanned items in warehouses, making inventory management more efficient and upping the productivity quotient of workers. An Italy-based startup, Archon, provides autonomous robotic drone services to facilitate supervised as well as unsupervised inspection of warehousing and logistics operations. The drone startup culture is gathering momentum in developing countries as well. For example, in India, several startups have spawned in the past few years that are providing next-gen drone services. Aarav Unmanned Systems, for instance, was started in 2013 and is India’s first drone company to develop drone solutions for commercial applications in the public and private sectors. These developments are expected to power the drone package delivery market growth in the forthcoming years.
North America to Top Other Regions Backed by Rising Preference for Drone Deliveries by Shoppers
North America is set to dominate the drone package delivery market share during the forecast period owing to the increasing inclination of online shoppers towards the delivery of goods through unmanned aerial vehicles (UAVs). With a market size of USD 237.7 million in 2019, the region is likely to retain its leading position, which will be supported by the strong financial support to drone startups in the US and Canada.
In Europe, the market is anticipated to be driven by the growing presence of tech companies that are expanding their operations in the region through collaborations and partnerships. Asia Pacific is expected to create exciting opportunities for market players on account of the emerging trend of online purchasing of groceries in the large cities of India, China, and Indonesia.
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Supportive Regulations to Novel Ideas to Feed Competitive Ardor of Key Players
With the scope for innovation widening, key players in the market drone package deliveries are engaged in coming up with novel drone solutions, especially during the current coronavirus crisis. Supporting their efforts are regulatory bodies that are easing flying norms and rules to ensure timely delivery of essential supplies to people.
Major Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends in Global Market
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Key developments: Acquisition, Collaboration, Strategic Partnership, and Joint Venture
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