Delivery Drone Market is anticipated to be worth USD 227 million, with a CAGR of 49% from 2020 to 2030
Research Reports
Feb 17, 2023
Delivery Drone Market Research Future Insights :
Delivery Drone Market Size is expected to reach USD 227 Million by 2030, registering a CAGR of 49% during 2020-2030.
Delivery Drones, or unmanned aerial vehicles, are used to transport cargo. These drones are available in three main varieties: hybrid, rotor, and fixed-wing. Due to their ability to cut down on traffic and deliver items on time, these drones are becoming more and more popular. In order to convey items to remote regions, logistics and freight transportation companies are now using drones.
Due to their high flying speeds and ability for vertical takeoff and landing, drones are excellent for a variety of delivery options. In response to the rising demand for drone delivery services globally, a number of nations are lowering laws to let drones to operate in their skies. Over the course of the projected period, this is likely to speed the growth of drone procurements to create new delivery routes for inaccessible locations.
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Key Players :
The key players in the delivery drone market are Amazon (U.S.), United Parcel Service (U.S.), JD.com (China), Uber Technologies Inc. (U.S.), EHANG (China), DJI (China), Skycatch Inc. (U.S.), Airbus S.A.S (France), Zipline International Inc. (U.S.), Alibaba (China), Flirtey (U.S.), FedEx Corporation (U.S.), and Google (U.S.).
A lot of logistics and transportation businesses are investing heavily in building an effective infrastructure for drone-based airborne deliveries. Drone delivery is a cutting-edge mode of transportation for businesses, commercial enterprises, and healthcare facilities. Due to its quick delivery, great accuracy, and low need for human interaction, it has become the most used logistical system in the global supply chain. Over the past few years, businesses like Zipline and United Parcel Service of America have expanded.
The growing use of delivery drones for medical supplies and emergency medical services is causing the healthcare sector to grow in the market, according to the Drone Delivery Market Analysis Report. The E-commerce application area is also growing as more goods are transported and drones are employed more regularly in the online retail Delivery Drone industry.
Market Segmentation :
The Drone Package Delivery Market has been divided into rotary-wing and fixed-wing drones based on the type segment.
The rotary-wing category dominated the global market in 2018, and it is anticipated that it will continue to do so over the Drone Delivery Market Forecast Period. Rotary-wing drones are simple to operate, offer improved vertical takeoff and landing (VTOL) capabilities, and are therefore ideal for commercial applications. As a result, it is anticipated that over the assessment period, this market segment will grow.
Based on the application sector, the delivery drone market has been divided into quick service restaurants, healthcare, E-commerce, and convenience stores. The E-commerce application category dominated the Delivery Drone Market in 2018, and it is anticipated that this trend would continue with the greatest CAGR over the assessment period.
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The Drone Package Delivery Market has been divided into two categories based on capacity: >10kg and 10kg. The largest drone delivery market size in 2018 came from the sub-10kg capacity segment, which also projected to grow the market size at a higher CAGR for the forecast period of 2025.
The Global Delivery Drone Market has been divided into propulsion system, airframe, controller system, battery, camera, navigation, and others based on component segmentation. The airframe component recorded the greatest Drone Delivery Market Size in the 2018 report, and this trend is expected to continue as it grows at the highest CAGR during the research period.
The Global Delivery Drone Market has been divided into the following end-user categories: retail & logistics, food & drinks, healthcare, and others. The food and beverage industry generated the biggest market share, according to the 2018 research. For the Drone Delivery Market Forecast Period, the healthcare segment is anticipated to develop at the highest CAGR under the current circumstances.
Regional Analysis :
Based on regional classifications, the global delivery drone market is divided into a number of areas, including Asia-Pacific, the Middle East and Africa, North America, Europe, and Latin America.
The North American region is anticipated to have the largest Drone Delivery Market Size according to the 2018 report, and the worldwide Delivery Drone Market is anticipated to have the greatest CAGR throughout the research period. Due to the expanding uses of delivery drones and the high levels of production in the business sectors, this area is experiencing an increase in demand for the delivery drone market.
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