Drone Delivery Service Market to Garner $9.51 Billion by 2027: Key Players are- FedEx, Amazon.com, Inc, Boeing, DHL International GmbH, Etc
Research Reports
Jan 07, 2021
Drone Delivery Service Market
The ever-evolving technology continues to add feathers to its hat by giving rise to new inventions to support humans in almost every way possible. Drones are one such innovation that has not just excelled in the field of photography for starters, but also the marketing sector. The Drone Delivery Service Market is exponentially growing at an average annual rate of 44.2% according to a report by Emergen Research. It was valued at USD 520.0 Million in the year 2019 and is estimated to rise to USD 9.51 Billion by the end of 2027.
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The Major Key Players Are: FedEx, Amazon.com, Inc, Boeing, DHL International GmbH, Matternet, Inc., United Parcel Service of America, Zipline, Drone Delivery Canada Corp., Flirtey, Workhorse Group Inc. and Flytrex among others.
Market Drivers
With the people stuck amidst the pandemic worldwide, there has been a massive surge in the demand of commercial drones for food and medical aids delivery. The increasing efficiency of delivery drones in carrying heavyweight at reduced battery consumption and overall flight range has captured the market in a way that the Federal Aviation Administration under certain circumstances has allowed the usage of drones across various industries and has propelled its logistics to a higher level. Moreover, several companies and government associations have been trying and testing a variety of drones with better standards to be implemented, which has hiked the investment in this sector.
- Duration Outlook (Revenue, USD Billion; 2017-2027)
- Short Duration (25 kilometers)
- Range Outlook (Revenue, USD Billion; 2017-2027)
- Short Range (25 kilometers)
- Package Size Outlook (Revenue, USD Billion; 2017-2027)
- 5 kilograms
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Food Delivery
- Retail Goods Delivery
- Postal Delivery
- Medical Aids Delivery
- Others
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Regional Analysis
The North American region, followed by Asia Pacific, held the largest portion in the market share of approximately 40% in 2019 in terms of revenue. With the growth in the e-commerce sector in these regions, the drone delivery service market has been influenced substantially. China and Japan are the leading manufacturers with further growth expected in the Indian subcontinent.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Drone Delivery Service Market Segmentation & Impact Analysis
4.1. Drone Delivery Service Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for faster delivery among consumers
4.2.2.2. Growing usage of affordable and light-pay load drones for product delivery by startups
4.2.2.3. Changes in regulatory framework in order to encourage drone delivery package
4.2.3. Market restraints analysis
4.2.3.1. Limited battery life and bandwidth of aerial delivery drones
4.2.3.2. Emerging economies have inappropriate infrastructure to support drone delivery operations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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Chapter 5. Drone Delivery Service Market By Duration Insights & Trends, Revenue (USD Million)
5.1. Duration Dynamics & Market Share, 2019 & 2027
5.1.1. Short Duration (30 minutes)
Continue…!
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