Drone Package Delivery Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
The global drone package market size
is projected to reach USD 7,388.2 million by 2027, exhibiting
a CAGR of 41.8% during the forecast period. Widespread deployment
of drones to deliver medical and food supplies amid the COVID-19 pandemic is
expected to aid the market make substantial gains, observes Fortune Business
Insights™ in its report, titled “Drone Package Delivery Market Size,
Share & COVID-19 Impact Analysis, By Type (Fixed Wing and Rotary Wing), By
Package Size (Less Than 2 Kg, 2-5 Kg, and above 5 Kg), By End-Use (Restaurant
& Food Supply, E-commerce, Healthcare, Retail Logistics &
Transportation and others), and Regional Forecast, 2020-2027”.
COVID-19 Impact Analysis:
The coronavirus has forced people to maintain social distance to
avoid contracting the infection, which has made the delivery of essential
supplies difficult, particularly in remote regions. In response, several drone
service companies have risen to the occasion and are supporting government
efforts to provide aid to distressed areas. For example, the drone company,
Zipline, has been delivering critical medical supplies to clinics in Ghana and
Rwanda in Africa during the pandemic period. In Canada, Drone Delivery Canada
will be deploying its multi-rotor drone, Sparrow, to provide COVID-19 cargo to
the Beausoleil First Nation Community in Ontario. Similarly, in China, JD
Logistics utilized drones to deliver commercial and medical cargo in the Hubei
and Wuhan provinces. The COVID-19 pandemic has, therefore, given a booster shot
to this market, escalating the adoption of unmanned aerial systems worldwide.
List of Key Companies Profiled in the Drone Package Delivery
Market:
- DroneScan
(South Africa)
- Cheetah
Logistics Technology (US)
- Flytrex (Israel)
- Flirtey (US)
- Matternet, Inc.
(US)
- Boeing (US)
- Amazon Inc. (US)
- Wing Aviation
LLC (US)
- Workhorse Group
Inc. (US)
- Drone Delivery
Canada Corp. (Canada)
- Zipline (US)
- DHL
International GmbH (Germany)
- United Parcel
Service of America, Inc. (US)
- FedEx (US)
The report states that the market value stood at USD 642.4
million in 2019 and shares the following information:
- A comprehensive
depiction of the industry outlook and trends;
- Detailed
insights into the upcoming opportunities in the market for drone package
delivery;
- Tangible
analysis of the market drivers, restraints, and all possible segments; and
- In-depth
assessment of the regional and competitive dynamics impacting the market.
Driving Factor
The emergence of Drone Startups in Logistics to Augment Market
Potential
The growing demand for enhancing the efficiency of logistics
operations has triggered a sudden emergence of startups specializing in drone
technologies to cater to these needs. For example, DroneScan, a South
Africa-based startup, designs drones that transmits live data of scanned items
in warehouses, making inventory management more efficient and upping the
productivity quotient of workers.
An Italy-based startup, Archon, provides autonomous robotic drone
services to facilitate supervised as well as unsupervised inspection of
warehousing and logistics operations. The drone startup culture is gathering
momentum in developing countries as well. For example, in India, several
startups have spawned in the past few years that are providing next-gen drone
services. Aarav Unmanned Systems, for instance, was started in 2013 and is
India’s first drone company to develop drone solutions for commercial
applications in the public and private sectors. These developments are expected
to power the drone package delivery market growth in the forthcoming years.
Regional Insights
North America to Top Other Regions Backed by Rising Preference for
Drone Deliveries by Shoppers
North America is set to dominate the drone package delivery market
share during the forecast period owing to the increasing inclination of online
shoppers towards delivery of goods through unmanned aerial vehicles (UAVs).
With a market size of USD 237.7 million in 2019, the region is likely to retain
its leading position, which will be supported by the strong financial support
to drone startups in the US and Canada.
In Europe, the market is anticipated to be driven by the growing
presence of tech companies that are expanding their operations in the region
through collaborations and partnerships. Asia Pacific is expected to create
exciting opportunities for market players on account of the emerging trend of
online purchasing of groceries in the large cities of India, China, and Indonesia.
Competitive Landscape
Supportive Regulations to Novel Ideas to Feed Competitive Ardor of
Key Players
With the scope for innovation widening, key players in the market
drone package deliveries are engaged in coming up with novel drone solutions,
especially during the current coronavirus crisis. Supporting their efforts are
regulatory bodies that are easing flying norms and rules to ensure timely
delivery of essential supplies to people.
Industry Developments:
- August
2020: Amazon
secured clearance from the Federal Aviation Administration (FAA) to deploy
its Prime Air delivery drone fleet to efficiently and securely deliver
packages to customers. Amazon is now the third company to receive FAA
approval to operate drones on a commercial scale after UPS and the
Alphabet-owned company, Wing.
- May 2020: Wing, a
subsidiary of Google’s parent company Alphabet, announced that it has made
thousands of drone deliveries in Australia during the pandemic. Launched
in Canberra in 2019, the demand for Wing’s services rose by 500% between
February and April 2020
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by
various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast
period?
What Factors are estimated to drive and restrain the market growth?
Browse Detailed
Summary of Research Report
About Us:
Fortune Business Insights™ delivers accurate data and innovative
corporate analysis, helping organizations of all sizes make appropriate
decisions. We tailor novel solutions for our clients, assisting them to address
various challenges distinct to their businesses. Our aim is to empower them
with holistic market intelligence, providing a granular overview of the market
they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Read
Press Release:
https://www.fortunebusinessinsights.com/press-release/global-drone-package-delivery-market-10437
Read Related News:
Comments
Post a Comment