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Drone Package Delivery Market Size & Share (2020-2026} Will Reach USD 6773 Million, With 53% CAGR

Drone Package Delivery Market Size & Share (2020-2026} Will Reach USD 6773 Million, With 53% CAGR

July 15
17:26 2021
Drone Package Delivery Market Size & Share (2020-2026} Will Reach USD 6773 Million, With 53% CAGR
[236+ Pages Report] As per the report published by facts and factors, the global drone package delivery market was projected to be around USD 528 Million in 2020, with sales forecast to hit around USD 6,773 Million by the end of 2026 to rise by around 53% at CAGR by 2021 to 2026.

As per the report published by facts and factors, the global drone package delivery market was projected to be around USD 528 Million in 2020, with sales forecast to hit around USD 6,773 Million by the end of 2026 to rise by around 53% at CAGR by 2021 to 2026.

A delivery drone is an unmanned aerial vehicle that is used to carry packages to consumers. Rotor drones, fixed-wing drones, and hybrid drones are the main types of drones. These drones are usually equipped with four to eight propellers, rechargeable batteries, and can travel at high speeds when transporting a package.

Growing demand for quick delivery, growing regulatory structure amendments to facilitate drone package delivery, and rising demand to reduce carbon emissions are just a few of the factors driving the market forward. Companies in the logistics and transportation, agriculture, retail, and healthcare industries are attempting to incorporate drone delivery into their business models in order to ensure the seamless and efficient delivery of packages on the same day. Furthermore, technical advances in drone technology aid in the autonomous and stable delivery of drone packages, leading to their increased acceptance in the drone delivery ecosystem.

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Industry Major Market Players

  • Edronic
  • DHL International GmbH
  • Drone Delivery Canada Corp.
  • Matternet Inc.
  • FedEx
  • Zipline
  • Flirtey
  • Amazon.com Inc.
  • BIZZBY
  • Flytrex
  • Boeing
  • United Parcel Service of America Inc.
  • Workhorse Group Inc.
  • Cheetah Logistics Technology
  • Altitude Angel
  • Airbus S.A.S.
  • Wing Aviation LLC
  • Skycart Inc.
  • DroneScan
  • Fli Drone

 

Growing Demand for Rapid, Same-Day Delivery And Emergency Supplies

The use of delivery drones is growing in e-commerce, the healthcare industry, convenience stores, and fast service restaurants, among others owing to advances in freight transportation and increased investments from logistics and transportation firms.  According to Invesp, around 51% of worldwide online retail shoppers prefer same-day delivery or quick delivery over long-duration deliveries in 2018. As a result of these factors, aerial delivery drones are becoming more common in the global e-commerce industry. Retailers are attempting to reduce delivery lead times and increase delivery flexibility and speed by using drones to assist in the maintenance of stock-keeping units (SKUs). In densely populated megacities, aerial delivery drones are supposed to speed up product delivery.

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COVID-19 Impact on the Global Drone Package Delivery Market

The COVID-19 pandemic has caused short-term disruptions and long-term radical changes, resulting in slow growth in new digital categories such as grocery and home care in the e-commerce market. This has enabled manufacturers to use self-driving vehicles such as robots and drones to distribute products to customers without the need for human intervention. Citing an instance, UPS, a multinational package delivery company based in the United States, has partnered with Wingcopter GmbH, a German-based drone manufacturer, to expand the usage of aerial drones for contactless delivery. During the COVID-19 pandemic, various popular and evolving product distribution technologies, such as UAS, are playing a critical role. Law enforcement agencies, fast service restaurants, healthcare providers, logistics firms, and numerous e-commerce companies have started using aerial delivery drones. Again, a technology provider for urban aerial delivery, Matternet’s M2 drone system had delivered medical supplies from a CVS pharmacy to villages in Florida to assist senior citizens in April 2020. Speedbird Aero and iFood, a leading Latin American food delivery company, announced a partnership agreement to provide an on-demand food delivery service in September 2020. Again, in 2020, the government of Ireland announced its plans to build proper infrastructure for medical drone delivery services. Henceforth, the market is expected to witness huge growth over the forecast period.

North America Region Dominates the Global Drone Package Delivery Market

In 2020, the North American drone package delivery market produced the most revenue. Due to the involvement of many main players such as UPS, DHL, and Amazon, which are offering drone delivery in isolated places across North America. As a result, the market for drone package delivery is growing. According to DroneLife data from 2018, traditional methods of delivery, such as trucks, resulting in the emission of about 915 grams of greenhouse gases per shipment. A drone, on the other hand, can deliver the same package with just 420 grams of emissions, which is expected to drive up demand for delivery drones in North America. Furthermore, due to the growing usage of drone package delivery in various sectors in the Asia Pacific region, the region is expected to grow at the highest rate over the forecast era. For instance, in India, the government of Maharashtra partnered with Zipline, a drone delivery service company, to deliver emergency medicines in September 2019. This project was funded by a grant from vaccine manufacturer Serum Institute India.

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The global drone package delivery market is segmented as follows:

By Solution:

  • Platform
  • Infrastructure
  • Software
  • Service

 

By Type:

  • Fixed Wing
  • Multirotor
  • Hybrid

 

By Range:

  • Short Range
  • Long Range

 

By Package Size:

  • <2KG
  • 2–5 KG
  • >5 KG

 

By Duration:

  • Short Duration
  • Long Duration

 

By End-Use:

  • Food Delivery
  • Retail Goods Delivery
  • Postal Delivery
  • Medical Aids Delivery
  • Precision Agriculture Delivery
  • Industrial Delivery
  • Weapons & Ammunitions Delivery

 

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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