The Drone Package Delivery Market is expected to grow from USD 5.6 billion in 2020 to USD 2 billion by 2026 at a CAGR of 14% from 2020 to 2026.
Drone package delivery is defined as the use of an unmanned aerial vehicle (UAV) to deliver food, packages, medical supplies, and goods. It is used for delivering packages to consumers during the last mile delivery process. The drone consists of 4 to 8 propellers, rechargeable batteries, and can carry lightweight containers. It can also be operated autonomously through artificial intelligence (AI) technology or remotely through distribution centers and operators which oversee the flight. The growing e-commerce sector along with the rising demand for express delivery of goods is majorly augmenting the market for drone package delivery. In addition, the rising popularity of quick-service restaurants and the growing inclination towards quick delivery of farm-fresh food items are also boosting the demand for drone package delivery. Furthermore, the rising penetration of automated delivery solutions combined with rising concerns about the traffic congestion is resulting in the delayed delivery process, is further likely to propel the requirement for delivery drones. In addition to this, the increasing adoption of long-range delivery drones by various military and disaster management units for supplying food packages and medicines during natural calamities is also enhancing the market growth. In the healthcare sector, the increasing utilization of aerial delivery solutions for distributing blood specimens, drugs, and first aid services, during medical emergencies is also compelling the market. Apart from this, the increasing integration of drone package delivery systems with sensors, landing pads, night-vision cameras, collision control equipment, etc., is further propelling the Drone Package Delivery market growth. Various innovative technologies, such as AI, GPS, IoT, cloud computing, etc., have resulted in the emergence of highly-advanced delivery drones. These technologies provides many benefits, such as real-time monitoring, integrated flight planning, air traffic management, easy navigation, and smooth delivery of packages, therefore catalyzing the global market for drone package delivery. On contrary, the restricted bandwidth and battery life of aerial delivery drones will hamper the market growth.
The use of drones for the delivery of packages is projected to create growth opportunities for several stakeholders of the drone package delivery ecosystem, such as drone manufacturers, drone infrastructure providers, drone service providers and drone as a software service provider, among others. The companies are anticipated to witness major growth in the coming years due to the substantial investments in drone technologies across the world. The UAV industry has been witnessing major investments from private companies, venture capitalists, and financial institutions over the past few years.
The global Drone Package Delivery Market is segregated on the basis of Drone Type as Fixed Wing, Rotary Wing and Hybrid. Based on Range the global Drone Package Delivery Market is segmented in Long Range (above 25 Km) and Short Range (less than 25 Km). Based on Package Weight the global Drone Package Delivery Market is segmented in Less than 2 Kg, 2 Kg to 5 Kg and Above 5 Kg. Based on Duration of Flight the global Drone Package Delivery Market is segmented in Less than 30 Minutes and Over 30 Minutes. Based on Application the global Drone Package Delivery Market is segmented in Retail & E-Commerce, Food Delivery, Medical, Logistics, Agriculture, Military and Others.
The global Drone Package Delivery Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Drone Package Delivery Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Airbus S.A.S., Altitude Angel, Amazon.Com, Inc., Bizzby, Boeing and others are among the major players in the global Drone Package Delivery Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Drone Package Delivery Market has been segmented as below:
Drone Package Delivery Market, By Drone Type
Drone Package Delivery Market, By Range
Drone Package Delivery Market, By Package Weight
Drone Package Delivery Market, By Duration of Flight
Drone Package Delivery Market, By Application
Drone Package Delivery Market, By Region
Drone Package Delivery Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Drone Package Delivery Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Drone Package Delivery Market share. Major industry players with significant revenue share include Airbus S.A.S., Altitude Angel, Amazon.Com, Inc., Bizzby, Boeing and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Drone Package Delivery Market, By Drone Type
5.1. Key Points
5.2. Fixed Wing
5.3. Rotary Wing
5.4. Hybrid
6. Drone Package Delivery Market, By Range
6.1. Key Points
6.2. Long Range (above 25 Km)
6.3. Short Range (less than 25 Km)
7. Drone Package Delivery Market, By Package Weight
7.1. Key Points
7.2. Less than 2 Kg
7.3. 2 Kg to 5 Kg
7.4. Above 5 Kg
8. Drone Package Delivery Market, By Duration of Flight
8.1. Key Points
8.2. Less than 30 Minutes
8.3. Over 30 Minutes
9. Drone Package Delivery Market, By Application
9.1. Key Points
9.2. Retail & E-Commerce
9.3. Food Delivery
9.4. Medical
9.5. Logistics
9.6. Agriculture
9.7. Military
9.8. Others
10. Competitive Landscape
10.1. Introduction
10.2. Start-up companies- Drone Package Delivery Market
10.3. Recent Developments
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4.Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profile
11.1. Airbus S.A.S.
11.2. Altitude Angel
11.3. Amazon.Com, Inc.
11.4. Bizzby
11.5. Boeing
11.6. Cheetah Logistics Technology
11.7. Deutsche Post Dhl Group
11.8. Drone Delivery Canada Corp.
11.9. Dronescan
11.10. Edronic
11.11. Ehang
11.12. Elroy Air
11.13. FedexFli Drone
11.14. Flirtey
11.15. Flytrex
11.16. Manna Aero
11.17. Matternet, Inc.
11.18. Rigi Technologies Sa
11.19. Skycart Inc.
11.20. Skyports Limited
Drone Package Delivery Market, By Drone Type
Drone Package Delivery Market, By Range
Drone Package Delivery Market, By Package Weight
Drone Package Delivery Market, By Duration of Flight
Drone Package Delivery Market, By Application
Drone Package Delivery Market, By Company