Delivery Drone Market Overview:
Delivery Drone Market Size is expected to reach USD 227 Million by 2030, registering a CAGR of 49% during 2020-2030. Delivery Unmanned aircraft vehicles called drones are employed to convey cargo. Fixed-wing, rotor, and hybrid drones are the three different varieties of these drones that are accessible. These drones are growing in popularity because they reduce traffic and deliver packages on schedule. Drones are now used by logistics and freight transportation businesses to carry goods to faraway locations. Drones are suitable for various delivery alternatives due to their vertical takeoff and landing capabilities and high flight speeds.Several countries are relaxing regulations to allow drones to operate in their airspace in response to the increasing demand for drone delivery services on a global scale. This is likely to hasten the development of drone procurements to open up new delivery routes for remote locations over the projection period.
Many logistics and transportation companies are making significant investments in creating efficient infrastructure for drone-based aerial delivery. For parcel delivery services, commercial enterprises, and medical institutions, drone delivery is a cutting-edge means of transportation. It has been the most sought-after logistical methodology in the international supply chain because of its expedited delivery time, high accuracy, and few human interventions in the supply chain. Companies like Zipline and United Parcel Service of America have grown during the past few years. According to the Drone Delivery Market Analysis Report, the healthcare sector is expanding in the market due to the increasing use of delivery drones for medical supplies and emergency medical services. Additionally, as more products are delivered, and drones are used more frequently in the online retail sector, the E-commerce application category is expanding.
COVID-19 Impact Analysis:
The ongoing pandemic arrived in 2020 with short-term disruptions. But it is considered a long-term structural change. It has affected many marketing sectors, but the introduction of new technologies and services has helped the global product to reach all the e-commerce, medical, and another sector on a very term period.
Hence, looking into the previous result of the global market shows it has faced a loss for a short time period but has predicted to meet the Drone Delivery Market Size in the upcoming years.
Delivery Drone Market Market Dynamics:
The Federal Aviation Administration (FAA) has implemented stringent regulations for the weight carrying capacity-related limitations. It has restricted the delivery of drones to under 10kgs, which has increased the <10kg capacity segment demand across the regions. Hence, the <10kg capacity segment is predicted to rise at a higher CAGR for the Drone Delivery Market Forecast Period.
The airframe component is driving the growth of the Global Delivery Drone Market due to the increasing research and developmental activities by different companies with improved features, reduced size, and high durability.
The increasing number of drones usages for the better delivery of packages is predicted to bring more Drone Delivery Market Opportunities for the different stakeholders of the global market, such as drone service providers, drone manufacturers, drone as software service providers, and drone infrastructure providers.
Hence, the increasing private investments in the drone industry are bringing more opportunities for the global market.
The logistical challenges and the Federal Aviation Administration (FAA) new stringent regulations are delimiting the delivery drones use, which might hamper the growth of the global market. Another restraint can be the complex terrain and poor infrastructure of the Delivery Drone Market. Along with that, the Delivery Drone Market Growth might get hampered due to the limited range of delivery drones (<10kg). Therefore, the global market needs to maneuver delivery drones with proper knowledge and high expertise.
Moreover, the high cost of infrastructure might be one major restraint for the Global Delivery Drone Market.
In commercial and civil applications, operational security is considered as the major concern with the aerial delivery drones usages. Thus, the increasing aerial delivery drones usages in commercial and civil applications has generated increasing drone hacking incidents cases in various regions.
Hence, the drug trafficking and data security breaches using aerial delivery drones can be the biggest challenges for the Delivery Drone Market.
Another experiment is going on for home delivery of goods with Unmanned Aerial Vehicles (UAV), and the companies like Google, Amazon, UPS, and other delivery service are involved in this. Moreover, the Delivery Drone Market is expected to grow due to the recent introduction of Airbus unveiled Skyways drone delivery services in the locality of Singapore.
In the previous 2018 Drone Delivery Market Research Report, the global market has generated higher market revenue, and the same is predicted to continue for 2025.
Market Segmentation Overview:
On the basis of type segment, the Drone Package Delivery Market has been classified into rotary-wing and fixed-wing.
In 2018, the rotary-wing segment had ruled the global market, and further, it is predicted to register a higher CAGR for the Drone Delivery Market Forecast Period. The rotary-wing drones are easy to control and use and have better vertical takeoff and landing (VTOL) capability, which is very much appropriate for commercial applications. As a result, this segment is predicted to boost up the global market during the assessment period.
The Delivery Drone Market has been segmented into convenience stores, healthcare, E-commerce, quick service restaurant, and others based on the application segment.
In 2018, the E-commerce application segment had ruled the Delivery Drone Market, and the same is predicted to increase at the highest CAGR in the assessment period.
On the basis of capacity segment, the Drone Package Delivery Market has been segmented into >10kg and <10kg.
In 2018, the <10kg capacity segment generated the largest Drone Delivery Market Size, and further, it has aimed to increase the market size at a higher CAGR for the forecast period of 2025.
On the basis of component segment, the Global Delivery Drone Market has been classified into the propulsion system, airframe, controller system, battery, camera, navigation, and others.
In the 2018 report, the airframe component has registered the largest Drone Delivery Market Size, and the same is going to continue by increasing at the highest CAGR in the research period.
On the basis of the end-user segment, the Global Delivery Drone Market has been segmented into retail & logistics, food & beverages, healthcare, and others.
According to the 2018 report, the food & beverages segment has generated the largest market share. In the present scenario, the healthcare segment is estimated to generate growth at the highest CAGR for the Drone Delivery Market Forecast Period.
The Global Delivery Drone Market is segmented into various regions like Asia-Pacific, Middle East & Africa, North America, Europe, and Latin America on the basis of regional classifications.
If looking into the 2018 report, the North American region is expected to register the largest Drone Delivery Market Size, and further, the global market has predicted to acquire the highest CAGR for the research period. This region is growing more demands for the Delivery Drone Market due to the growing applications of delivery drones and high production in commercial sectors.
Competitive Landscape Analysis:
The Global Delivery Drone Market has more completions in various regions. In these regions, some of the major players are:
These key players are contributing to the Delivery Drone Market on a large scale. They involve new ideas and tactics to boost up the growth of the global market.
Amazon introduced the most recent version of the Prime Air Delivery Drone in June 2019.
In 2019, UPS introduced a brand-new service for shipping blood, medical samples, and other items.
The Drone Delivery Market Overview Report is based on secondary and primary research. Here, the secondary sources are included in the data collection process, such as journals, company websites, paid databases, annual reports, SEC filings, government associations, corporate presentations, aerospace & defense magazines, and white papers. And, the primary research process included the bright views of the industry stakeholders like directors, CEOs, VPs, and marketing executives to understand the market values and supply chain of the global market.
Along with that, the Drone Delivery Market Overview Report has also highlighted the market size, market value, and market share in the forecast period. The Drone Delivery Market Analysis Report has also given insight into the competitive intelligence, including product benchmarking, financial analysis, market share analysis, and strategic developments such as mergers & acquisitions, joint ventures, and product launches.
|Market Size||USD 227 Million|
|Forecast Units||Value USD|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application, Capacity, End User, Region|
|Geographies Covered||Asia-Pacific, Middle East & Africa, North America, Europe, and Latin America|
|Key Vendors||FedEx (US),,Flirtey (US),,Amazon (US),,DJI (China),,EHANG (China),,COM (China),,Skycatch, Inc. (US),,Airbus SAS (Netherlands),,Google (US),,Uber Technologies Inc. (US),,Zomato (India),,Alibaba (China),,United Parcel Service of America, Inc. (US),,Zipline (US),,Deutsche Post AG (Germany).|
|Key Market Opportunities||The increasing number of drones usages for the better delivery of packages is predicted to bring more Drone Delivery Market|
|Key Market Drivers||The Federal Aviation Administration (FAA) has implemented stringent regulations for the weight carrying capacity-related limitations|
Delivery Drone Market Size 227 Million by 2030, registering a CAGR of 49% during 2020-2030
FedEx (US),Flirtey (US),Amazon (US),,DJI (China),EHANG (China),,COM (China),,Skycatch, Inc. (US),,Airbus SAS (Netherlands),Google (US),Uber Technologies Inc. (US),Zomato (India),,Alibaba (China),United Parcel Service of America, Inc. (US),,Zipline (US),Deutsche Post AG (Germany).
Many logistics and transportation companies are making significant investments in creating efficient infrastructure for drone-based aerial delivery. For parcel delivery services, commercial enterprises, and medical institutions, drone delivery is a cutting-edge means of transportation.