Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Delivery Drones Market.
According to Market Research Future study, the global delivery drones market to expand at double-digit, during the forecast period. The study also reveals about the key drivers that are backing the market’s growth along with segmental analysis and regional analysis, which ensures more growth possibilities for the future.
Market Drivers & Trends
The delivery drones market is anticipated to inflate at a significant pace during the forecast period owing to the surging applications of drone mainly in the commercial sector. As innovation in cargo transportation was introduced, on the other side, there has been a surge in the usage of delivery drones in e-commerce, quick service restaurants, convenience stores, and healthcare sectors. Resultantly, it is claimed that delivery drones market in the forecast period, the usage of delivery drones will increase significantly at a rapid pace.
In the case of point, companies such as Amazon, UPS, Google are the prime delivery service providers and are experimenting with Unmanned Aerial Vehicles (UAV) for home delivery of goods. In the present time, Airbus unveiled Skyways drone delivery services in Singapore, which is likely to fuel market growth.
On the other side, factor such as some rigorous regulations by the Federal Aviation Administration (FAA) and logistical challenges are confining the use of delivery drones. Further, it is also anticipated that poor infrastructure and the complex environment will be one of the significant logistic issues for delivery drones. Therefore, high and proper knowledge is required to contrive delivery drones. With this, factor such as the limited range of delivery drones is a significant restraint for the market growth.
The global market for delivery drones, as per the study, has been segmented by type, capacity, application, and end-user.
In terms of type, the market splits into fixed-wing and rotary-wing, wherein, the rotary-wing segment led the market in 2018 and is now expected to witness a higher CAGR during the forecast period. Rotary-wing drones, due to its abilities such a capability, eases of control and use, among others are suited for commercial applications.
In terms of capacity, the market splits into <10kg and >10kg, wherein, the <10kg segment held the significant market share in 2018 and is now expected to grow at a higher CAGR from 2019 to 2025.
In terms of application, the market splits into E-commerce, quick service restaurant, convenience stores, healthcare, and others. Wherein, the E-commerce segment led the market in 2018 and is now expected to expand at the highest CAGR during the estimated period. The rising adoption of drones or the delivery of products, especially in the E-commerce industry is driving the growth of the segment.
In terms of component, the market splits into the airframe, controller system, propulsion system, camera, navigation, battery, and others. Wherein, the airframe held the largest market share in 2018 and is now likely to develop at the maximum CAGR during the assessment period. It is due to amplified R&D activities by companies for manufacturing drone airframe structures with compact size, high durability, and more improved features are driving the growth of the segment.
In terms of end-user, the market splits as food & beverages, healthcare, retail & logistics, and others. The food & beverages held the largest market share in 2018. Besides, the healthcare segment is expected to expand at peak CAGR during the estimated period. Growing adoption of delivery drones for delivering emergency medical services and equipment is expected to drive the growth of the segment.
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Regionally, the global market for delivery drones has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Among which, North America has acquired the most significant market share in 2018 and is now expected to enlarge at the highest CAGR during the assessment period from 2019 to 2028. It is the high production, and growing applications of delivery drones in commercial sectors are forcing the growth of the market.
Europe’s market for delivery drones is also gaining mileage as it shares similarities, in terms of features, with North America, which are providing much-needed thrust. The Asia Pacific region, with its massive industrial growth, is also holding a robust prospect. Countries such as China and Australia are doing well in gaining the market share. However, a market in India is bogged down by several government regulations, which can influence the growth rate.
The well-known players active in the global delivery drone market are listed as Amazon (US), DJI (China), EHANG (China), FedEx (US), Flirtey (US), Airbus SAS (Netherlands), Google (US), JD.COM (China), Skycatch, Inc. (US), Uber Technologies Inc. (US), United Parcel Service of America, Inc. (US), Zipline (US), Zomato (India), Alibaba (China), and Deutsche Post AG (Germany).