The Global Delivery Drones Market will expand at a CAGR of over 20% during the review period.
Delivery Drones Market Market Insights
Delivery drones are autonomous unmanned vehicles which are used to send packages or items. Market Research Future has studied the Global Delivery Drones Market extensively for the assessment period from 2018 to 2023. Report findings indicate that the Global Delivery Drones Market will expand at a CAGR of over 20% during the review period.
Growing applications of delivery drones in various sectors is a strong driver of growth for the market. In the healthcare sector, delivery drones can be highly useful for the transport of medical supplies to remote locations. They can also be used for retrieval of medical samples.
Some leading surgeons also believe that they can be used to reduce organ delivery times in many organ transplant situations. The substantial growth of the e-commerce sector has also prompted companies to leverage delivery drones for same-day delivery. In food delivery, creative businesses are using delivery drones to deliver food in certain areas.
UAVs for the purpose of delivery or retrieval are a speedy tool as they bypass traffic and other obstacles. Wheeled sidewalk drones are being tested out, and sidewalk drones may soon become a part of city life. E-commerce websites are at the forefront of the adoption of delivery drones. The increasing number of applications for delivery drones is expected to have a significant impact on the Global Delivery Drones Market. Automation of delivery is expected to lighten up the increasing load on the shipping industry as the growth of e-commerce continues.
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Delivery Drones Market Key Players:
The competitive analysis of the Global Delivery Drones Market has been included in MRFR’s detailed study. Prominent participants in the market include:
- United Parcel Service (U.S.)
- Uber Technologies Inc. (U.S.)
- FedEx Corporation (U.S.)
- Skycatch Inc. (U.S.)
- EHANG (China)
- DJI (China)
- Amazon (U.S.)
- Alibaba (China)
- Google (U.S.)
- Airbus S.A.S (France)
- Zipline International Inc. (U.S.)
- Flirtey (U.S.)
- com (China)
Unfortunately, the presence of stringent regulations regarding drone activity and the logistical challenges that are still being ironed out will have a restraining effect on the growth of the market. Additionally, the low range for delivery is also holding the market back.
However, it should be noted that leading market players are actively working toward research & development of innovative delivery drone models as well as the testing of prototypes of such models for market introduction in the near future.
The delivery drones markets key segments have been identified on the basis of application, type, component, capacity, and regions. Types of delivery drones have been segmented into fixed-wing drone and rotary wing drone. Rotary wing drones are most suited for commercial applications due to their various features, thus making it the segment with the most promising growth during the forecast period.
Capacity has been segmented to include <10 KG, and >10 KG. Due to FAA limitation, the >10KG segment is expected to grow at the highest rate.
Components of delivery drones include controller system, airframe, propulsion system, camera, navigation, battery, and others. The current focus in the delivery drones market is on making the airframe more efficient, and the ongoing development of the same is expected to lead the airframe segment toward abundant growth.
Applications of delivery drones can be found in quick service restaurants, convenience stores, e-commerce, healthcare, and others. The e-commerce segment is goring at the most significant growth rate due to the high use of delivery drones in this sector.
Among the key regions covered in the report, North America has emerged as the market leader which is expected to grow at the highest CAGR during the assessment period. The high production of delivery drones for use in commercial sectors has driven the growth of the North American delivery drone market. The Asia Pacific is also likely to witness significant growth over the forecast period due to increasing government initiatives which are supportive of the delivery drones market in the region.
Latest Industry News
- Japan’s leading e-commerce platform, Rakuten is initiating delivery by drones by the start of April in 2019.
- Amazon has initiated testing on sidewalk drones that are about the size of a cooler and move at average walking pace.
- Drone Delivery Canada has received approvals for the commencement of testing of its cargo delivery drone which will have the capacity to move 50 lbs.
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