About Drone Delivery
Drone delivery is the delivery of a package by an unmanned aerial vehicle. The drones are capable of carrying up to the capacity of 2 kilograms and are used for delivery of foods and medicine during the natural calamities, medical emergencies or any other situations. The delivery drones can also travel over 25 kilometres and hence can deliver long distance parcels and package. Hence, the increasing applications in commercial sectors and various benefits of delivering packages through drones are fueling the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Drone Delivery market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amazon.com, Inc. (United States), FedEx (United States), United Parcel Service of America, Inc. (United States), Boeing (United States), DHL International GmbH (Germany), Matternet, Inc. (United States), Zipline (United States), Flirtey (United States), Drone Delivery Canada Corp. (Canada) and Flytrex (Israel) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Workhorse Group Inc. (United States), Cheetah Logistics Technology (United States), Wing Aviation LLC (United States), Airbus S.A.S. (Netherlands), Skycart Inc. (United States), DroneScan (South Africa), Edronic (Spain), Altitude Angel (United Kingdom), Fli Drone (Caribbean) and BIZZBY (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Drone Delivery market by , Application (E-commerce, Quick service restaurant, Convenience stores, Healthcare and Others) and Region.
On the basis of geography, the market of Drone Delivery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Package size, the sub-segment i.e. <2 Kilograms will boost the Drone Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Duration, the sub-segment i.e. Short Duration will boost the Drone Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Range, the sub-segment i.e. Short range will boost the Drone Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Platform will boost the Drone Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Developments of Drones Capable for Long Distance Delivery
Market Growth Drivers:
Increasing Demand of Instant Delivery of Medical Packages is Fueling the Market and Government Imposed Lockdown due to Coronavirus Pandemic is increasing the Usage of Drones for Food Delivery to Avoid Contact.
Challenges:
Limited Range Of Delivery Drones
Restraints:
Stringent Government Regulations Federal Aviation Administration (FAA) is Hampering the Market and High Costs Associated with Drones
Opportunities:
Increasing Application of Drones in Commercial Sector and Rising Awareness of Delivery Drones
Market Leaders and their expansionary development strategies
In December 2021, A new acquisition in the drone services sector may be instrumental in moving the commercial and recreational drone industries significantly toward broader adoption. DroneUp, a delivery drone provider, is acquiring AirMap, which makes the most comprehensive airspace management software solution in the world.
In February 2019, Drone Delivery Canada has launched its newest cargo drones, the condor. It is capable of 180 kg of payload and can travel 200 km distance. It has a wing span of 20 feet and powered by gas propulsion engine.
Key Target Audience
Drone delivery service providers, Drone manufacturers, Food delivery companies, Pharmaceuticals, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.